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refinance: Great Rates + Declining Values = No Refi for You. Maybe Not. - 03/10/09 11:38 AM
This great info was shared with us by Tera Gilbert of Wells Fargo Mortgage.
Great Rates + Declining Values = No Refi for You. Maybe Not.While interest rates have been at levels not seen in generations, not everyone has been able to benefit. As home values have come down across the country millions of homeowners have been unable to refinance.
When applying for a home loan, one key component in underwriting is the amount of equity or down payment in the transaction. As home values have declined, even in some cases where someone put a sizable down payment into the purchase … (0 comments)

 

Jessica Bruehl

Austin, TX

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JKB Realty Group

Address: 1927 Lohmans Crossing, Suite 102, Austin, TX, 78734

Office Phone: (512) 532-5005

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