Real estate blog entries tagged with mortgage refinancing by Ilyce Glink (Think Glink Publishing)

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mortgage refinancing: Loan Refinance Options Limited On A Low Balance Loan - 12/09/09 09:43 AM

Q: My house is worth about $130,000 and I owe $48,000 on my home loan. I have a balloon payment coming due in February. I don’t have the cash, so I’ll have to refinance. I have been approved for a rate of 4.3 percent, but I will have closing costs of … (0 comments)

mortgage refinancing: How Can You Lower Your Monthly Mortgage Payment Under The Making Home Affordable Plan? - 09/02/09 03:56 PM

A lower monthly mortgage payment should be the goal of a loan modification or a streamline refinance. If your lender offers you a loan modification but raises your monthly mortgage payment, see what else they can do to help lower your monthly mortgage payment. Maybe you can participate in the Obama … (2 comments)

mortgage refinancing: Loan Modification Can Lower Your Monthly Mortgage Payment With A Willing Lender - 07/05/09 02:35 PM

If you have an adjustable rate mortgage (ARM) on your home but want to lock in the rate without refinancing, are there "loan modifications" that could do this? Or is refinancing the only option?

At various times over the past 20 years, some lenders have offered to modify the … (1 comments)

mortgage refinancing: Refinancing Mortgages With Falling Home Values And The Revised Obama Plan - 07/03/09 08:14 AM

Falling home values have sure hurt homeowners. As interest rates have come down, these same homeowners are trying to refinance their loans but are having trouble due to the lower value of their homes. Recent Obama administration proposals are attempting to help homeowners.
Before, if your loan was up to 105 … (0 comments)

mortgage refinancing: Understanding the Obama Housing Programs - 04/06/09 08:08 PM

Check out my latest blog from CBS's MoneyWatch.com by going to http://moneywatch.bnet.com/saving-money/blog/home-equity/understanding-the-obama-housing-programs/154/
It attempts to explain the Home Affordability and Stability Plan, the Home Affordable Modification Program, and refinancing under these new programs. Check out the government's new housing-recovery site for more information.
… (2 comments)

mortgage refinancing: Closing Costs Differ For Refinancing - 02/28/09 01:28 PM

Why can closing costs vary so much between mortgage lenders, even if the interest rates are the same? It all depends on where you're buying the home, the amount of prepaid interest on the mortgage, size of your mortgage and your credit score. Real estate tax and insurance escrows could also … (1 comments)

mortgage refinancing: Refinance Decision Involves More Than Interest Rates - 02/08/09 11:28 AM

Summary: You may have heard about interest rates falling and are debating whether to refinance your mortgage loan. But is a lower interest rate enough reason to refinance? To know for sure you need to calculate the money you'll save by refinancing.
Try using an online mortgage calculator to determine your … (2 comments)

mortgage refinancing: Closing Costs Rise on Mortgage Refinancing - 01/06/09 09:21 PM

Summary: Closing costs on a mortgage loan or mortgage loan that's gone through refinancing may change at the last minute. What can you do if your closing costs are suddenly much higher than estimated? One option is to cancel the refinancing and start over, but this can be cumbersome. Ilyce suggests … (1 comments)

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