 |
Get a Refinance Quote — Save time and energy by getting a quote online. We recommend: |
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 [...]
Filed under: Refinance Questions | No Comments »
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 [...]
Filed under: | 2 Comments »
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 [...]
Filed under: | No Comments »
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 [...]
Filed under: | No Comments »
With all the media hype and government “crackdowns” surrounding the mortgage industry lately, you’d think those mortgage refinance offers that seem too good to be true would fade away.
Alas, that is not the case. I still get offers to refinance my mortgage with terms that just don’t make financial sense in today’s market. Hidden costs? [...]
Filed under: | No Comments »
Bank of America has recently announced special pricing for homeowners who want to refinance their mortgage loans. This is part of a limited-time offer that ends on November 30th. The refinance offer pertains to fixed-rate mortgage of the 15-year and 30-year variety.
The promotional event has been dubbed “The Great Rate Refi Event,” and it’s available [...]
Filed under: | No Comments »
The costs associated with refinancing a mortgage are important for several reasons. Most importantly, refinancing costs determine the “break-even point” … the point at which a mortgage refi makes good financial sense.
Of course, the first step to understanding the break-even point of a mortgage refi is to understand the various refinancing costs you’ll encounter.
To help [...]
Filed under: | No Comments »