Government Bailout Doesn’t Help People Refinance Their Homes

So far, the government bailout we have spent staggering sums of money on has been a colossal failure. Unless, of course, you’re the CEO of a major financial institution.
Foreclosure rates are still soaring all across the United States, with more than 80,000 in September alone. Why? Because people can’t refinance their homes because of depressed [...]

Refinancing to Avoid Foreclosure on a Home

I saw a report today that said more than 80,000 homes in the U.S. were foreclosed upon last month (September). As these trends continue, there will also be an increase in the number of people refinancing to avoid foreclosure on their homes.
But how does this process work? How can a homeowner refinance to stop a [...]

It’s Hard to Refinance a Mortgage These Days

A lot of people are trying to refinance their home loans these days to take advantage of lower interest rates, or perhaps to escape the uncertainty of the adjustable rate mortgage loan they currently have.
But many of these same people are also coming to an unfortunate conclusion — it’s hard to refinance a mortgage loan [...]