|
| |
refinance: Just Ask Josh: Is it really possible to get a no cost loan? Isn't there no such thing as a free lunch - 01/15/07 01:58 PM
This weeks question for Just Ask Josh comes to us from Maureen Francis, Birmingham Michigan's leading Realtor and author of the mioaklandcounty blog. We've been hanging onto this question for a while, waiting for a good week to post it.
"Our mortgage bank just sent a letter that they will give us a refi loan with no fees and no closing costs. Is that really possible, or am I just paying through a higher interest rate or something? Isn't there "no such thing as a free lunch?"
Maureen,
This is a very good question, because in this situation, like many others, … (19 comments)
|
refinance: Time To Dis-Arm To Beat Rising Rates - 08/23/06 12:28 AM
In a recent study Christopher L. Cagan, the director of research and analytics for First American Real Estate Solutions wrote: "Are American homeowners as irresponsible as they are made out to be?" "It is now common to warn of a horrendous future...where homeowners of America are confronted with plummeting home values, rendering both refinancing and sale impossible because residences are burdened with mortgage debt far above their market value. To make matters worse, these households are faced with huge increases in their mortgage payments as their loans adjust from introductory to normal terms...unable to make such larger payments, unable to refinance … (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
;)
;)
