|
| |
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)
|
|
|
|
|
|
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
