refinancing: Refinancing? Here’s The Mortgage Deal I Choose - 11/30/09 01:07 PM
Yesterday, we started shopping around to refinance our loan. Right now, we have an adjustable rate mortgage (ARM) that’s gone down to 3.35 percent. We also have a home equity line of credit that’s clocking in around 2 percent.
We called three lenders to compare deals. Here’s what they initially offered … (1 comments)
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refinancing: Should I Refinance My Mortgage? - 11/17/09 11:25 AM
Mortgage interest rates fell below 5 percent again last week, and this week dropped further, according to Freddie Mac’s Primary Mortgage Market Survey.
“Mortgage rates eased further over the week, helping to promote an affordable home-purchase market and stimulate refinance,” said Frank Nothaft, Freddie Mac vice president and chief economist. “This … (0 comments)
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refinancing: When Should You Refinance Your Mortgage? - 10/06/09 11:50 AM
Refinancing a first mortgage and/or a second mortgage or home equity line of credit may not be right for everybody. If you refinance the mortgages will you reduce the amount you owe on the mortgage loan? Will you reduce the number of years left to pay on the mortgage once you … (0 comments)
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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)
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refinancing: Interest Rates On The Rise As Refinancing Applications Fall - 06/13/09 12:53 PM
by Jennifer A. Freeman
According to a survey from the Mortgage Bankers Association for the week ended June 5, 2009, mortage interest rates are increasing, as refinancing activity falls.
The average rate for 30-year fixed-rate mortgages increased to 5.57 percent from 5.25 percent.
The average rate for 15-year fixed-rate mortgages increased to … (0 comments)
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refinancing: Great Mortgage Loan Deals: Can You Finance Investment Property for 4%? - 06/08/09 05:17 PM
Mortgage interest rates are super-low at the moment. But the best deals are for owner-occupied homes, not for financing investment property. On a recent radio show, a caller emailed Ilyce to ask about a great loan deal she supposedly got when she financed her investment property. Is it the real deal?
… (0 comments)
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refinancing: Three Rules For Refinancing Your Mortgage Loan - 05/06/09 08:05 PM
Deciding whether to refinance a mortgage loan involves more than just getting a lower interest rate. For a refinance of your mortgage loan to be worth it, you have to achieve three things: lower your mortgage loan interest rate, lower your mortgage loan monthly payment and shorten the length of your … (0 comments)
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refinancing: 50% Off Special for May 9 Ilyce Glink Money Makeover Event - 04/27/09 11:07 PM
Here's how to sign up for our May 9 Makeover Your Money event at the Renaissance Waverly hotel at Cobb Galleria.
Go to ThinkGlink.EventBrite.Com.
Click on the $8.27 early bird special.
Enter "savememoney" (one word, no quote marks) in the discount window.
Enter the way you want to pay
And, you'll … (3 comments)
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refinancing: Home Loan: Refinance Or Pay Off Mortgage Loan To Remove Name - 04/17/09 06:19 PM
When you buy a home with someone, regardless of what type of home it is, the only ways to remove yourself or the other party from the mortgage is to either refinance or to pay off the mortgage loan.
While you can ask the mortgage lender to remove one of … (0 comments)
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refinancing: How to Prepare for a Mortgage Refinance - 04/12/09 07:59 PM
With mortage interest rates at record lows, you may be thinking about refinancing your mortgage. What should you do to prepare to refinance your mortgage?
It's important to know the current value of your home, your current mortgage loan interest rate, and your credit history and score. You should … (2 comments)
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refinancing: To Refinance or Not To Refinance: That is the Only Question - 04/07/09 05:02 PM
It’s clear from my email and the callers to my radio show that last week’s drop in the 30-year interest rates to about 4.75 percent has sparked huge interest in whether now is finally time to refinance.
To hear my opinion and check out my new blog at CBS's MoneyWatch.com follow … (2 comments)
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refinancing: Mortgage Loan Modifications Are Still Possible With Declining Home Value - 04/05/09 08:04 PM
Can you refinance your mortgage loan when you owe more on the property than it's current home value?
Your mortgage lender may be more likely to grant you a mortgage loan modification or refinance since the federal government has been offering mortgage lenders financial incentives. Learn how to request a … (2 comments)
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refinancing: Making Homes Affordable: Refinancing - 03/31/09 06:09 PM
Along with the launch of the MakingHomesAffordable.gov website, the White House released an updated FAQ about the refinancing and modification programs. Here's the refinance FAQ. I posted the modification FAQ on my blog (www.thinkglink.com/blog)
What is “Making Home Affordable" all about?
Making Home Affordable is part of President Obama's … (0 comments)
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refinancing: Refinance Mortgage Loan - When Is The Right Time? - 03/07/09 04:56 PM
What should you consider when you're debating whether to refinance your mortgage loan?
You need to run the numbers - think about how long you'll be in the home and how many years you want your mortgage to last - then find out whether refinancing will reduce your monthly … (0 comments)
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refinancing: Home Affordability And Stability Plan - 03/03/09 04:28 PM
The Housing Market, First Time Home Buyer Tax Credit And Refinancing
What do you think about the government's new Home Affordability and Stability Plan? Do you think it will affect the housing market? Or do you wonder what will happen to all the homes in foreclosure? Mold could be an … (2 comments)
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refinancing: Refinancing If Planning To Move - 03/01/09 06:45 PM
Summary: If you're planning to move in the next year, is it a bad idea to refinance your home? It might not be cost-effective to refinance - you have to weigh how much you'll save. Also, today's housing market may prevent you selling your home in a year.
Q: Would it … (2 comments)
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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)
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refinancing: Investment Property Financing, Refinancing Rules Change Investment Property Financing, Refinancing Rules Change - 02/19/09 11:43 PM
Summary: It used to be that you could apply for a mortgage for an investment property if you owned up to 10 properties. Fannie Mae and Freddie Mac have restricted their lending rules for investment properties so you can now only have four investment properties and get a mortgage. Learn why … (0 comments)
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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)
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refinancing: It's All About the Money: Personal Finance Resolutions (Part 2 of 2) - 01/11/09 03:43 PM
Build Good Credit To Buy A Home
If your goal is to get your finances real estate ready in 2009, there's not a moment to lose. While the real estate and financial markets aren't expected to do much in the first half of the year, they could pick up positive momentum … (0 comments)
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