Posted on December 6th, 2008 by Brandon
It’s almost like a joke, if there weren’t so many homes on the line. We are currently seeing the best refinance rates we’ve seen in a long time. They are heading south of 5.5% right now, which is a great rate if you can get it. But therein lies the rub. Many people cannot qualify for [...]
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Posted on December 5th, 2008 by Brandon
Reader Question: “I purchased my home a little over a year ago, and now I want to refinance to take advantage of the low interest rates. Is it to soon for me to do this? What are the rules that apply? How soon can I refinance my mortgage loan after purchasing the home?”
Let me start [...]
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Posted on December 5th, 2008 by Brandon
Reader Question: “Like a lot of homeowners, I want to refinance my home to take advantage of the low interest rates that are available right now. But I’m not sure how the process works and, quite frankly, find it a little intimidating. Can you offer a quick overview of the mortgage refinance process so I’ll [...]
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Posted on November 29th, 2008 by Brandon
Reader Question:
I applied for a refinance loan several days ago and locked the rate. I have also provided all the necessary documentation. This has cost me nothing other than the $350 I paid the appraiser yesterday. Since locking the rate, current mortgage rates have dropped almost a half point over the past few days.
Would it [...]
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Posted on October 24th, 2008 by Brandon
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 [...]
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Posted on October 22nd, 2008 by Brandon
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 [...]
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Posted on February 17th, 2008 by Brandon
In most cases, the whole point of refinancing a mortgage loan is to secure a lower interest rate than what you’re currently paying on your home loan. In doing so, you can lower your monthly mortgage payment as well, which can save you a lot of money over the life of the new loan.
But you [...]
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