Posts Tagged: "refinancing"

Mortgage

Is it Too Late to Refinance?

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If you read through the latest mortgage market updates, you’ll see that the refinancing craze seems to be over. Dramatically low interest rates and new government programs inspired homeowners across...

Mortgage

How long will it take to break even on a mortgage refinance?

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Refinancing can be a great way to reduce your monthly mortgage payment, pay your home loan off sooner or consolidate debt. But refinancing doesn’t always make good financial sense for every situation....

Mortgage

What is a No Cost Refinance?

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You’ve likely heard radio commercials and received direct mail solicitations from mortgage companies offering “No Closing Cost Refinancing” and slinging promises of no attorney fees, zero appraisal costs, no lender...

Mortgage

Pros And Cons Of A Cash-Out Refinance

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The vast majority of homeowners in the US have debt. With so many of life’s big purchases impossible to obtain without credit, people have become accustomed to owing money. Unfortunately,...

Mortgage

Freddie Mac to Expand HARP to Those with Greater Equity

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HARP is an acronym, which stands for, the Home Affordable Refinance Program. The federal government program came to be in March 2009 in an effort to provide assistance to approximately...

Mortgage

More Homeowners Taking Advantage of HARP Refinancing

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Last fall, the Federal Housing Finance Agency (FHFA), which become the conservator of Fannie Mae and Freddie Mac back in 2008, made several key changes to the Obama Administration’s Home Affordable...

Mortgage

Are Mortgage Lending Guidelines Still Being Tightened?

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Over the last few years, lenders became increasingly picky when it came to approving mortgage applications. After the housing meltdown, (which experts say was caused in part by overly generous...

Mortgage

Look to Negotiate a Lower Refinance Rate

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Thinking of refinancing your mortgage? You’re not alone. In the past several years, millions of American homeowners have lowered their monthly payments or paid off their mortgages sooner by refinancing....

Mortgage

Subordinating a Second Mortgage

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It was not that many years ago that a large percentage of home buyers took about second mortgage to finance their properties to avoid having to pay private mortgage insurance...