Real estate blog entries tagged with refinance by American Pacific Mortgage- Karen Cooper, Oregon & California

Home : Blogs : Karen Cooper-Mtg Banker|Broker Ashland|Medford : Your Southern Oregon Housing Resource For Home Loans : Tag "refinance"

refinance: Have I Carved Out Market Niches In The Loans No One Else Can Do – Or The Ones No One Else Wants? Where’s My EASY Button!?!?! - 10/29/09 03:57 PM

Today, I’m tired and looking for my “Easy button”. Since 1983, I’ve come across a LOT of different aspects of real estate financing. Having entered the real estate finance industry during a time of extraordinarily high interest rates AND rising property prices, I saw some pretty creative mortgage products devised to … (8 comments)

refinance: HOPE Arriving For Struggling Southern Oregon Homeowners - 10/16/09 08:03 AM

Are you, or is anyone you know, struggling to find a way to stay in your/their home here in Southern Oregon? HOPE is arriving for struggling Southern Oregon homeowners who may have been attempting to refinance under the Home Affordable Refinance Program only to find out they needed to be under … (6 comments)

refinance: Making Home Affordable Refinance Rolling Out at 125% of Current Value - 09/19/09 12:53 PM

Well, we've been waiting quite a while since the announcement was made that eligible homeowners could refinance their home loan under the Making Home Affordable Program borrowing up to 125% of their home's current market value vs. the previously established 105%.

More lenders are now making this program available, giving … (2 comments)

refinance: When Is It Time To Tell A Borrower To Apply With Another Lender? - 07/24/09 02:05 PM

I've been in the mortgage/real estate business since 1983, with most of the past 15 years working with repeat and referral clients. Our relationships have a great deal of trust, which I believe to be important - especially in the current real estate/ mortgage environment. But, when is it time to … (58 comments)

refinance: Have You Encountered Financial Difficulties and You Have An Oregon Bond Loan? - 06/24/09 04:47 PM

I have heard from several Oregon Bond borrowers now who are struggling due to financial hardships, and running in to difficulties due to the owner occupancy requirement and the potential recapture tax provision a homeowner may face on an Oregon Bond loan when they sell their home and their income has … (2 comments)

refinance: A Successful Home Affordable Modification Story! - 06/09/09 12:45 AM

A call came in this weekend from a client I worked with back in 2005. We had worked together on multiple real estate transactions for her in Southern California, and again on the purchase of her move up house in Ventura County.

Due to the timing of this latest … (4 comments)

refinance: Note To President Obama/Senate Banking Committee – It appears Not Everyone Is Onboard With The Home Affordable Programs - 05/08/09 05:15 PM

Here it is a month after the Home Affordable Programs got up and running. Well, more like a week, since many lenders did not come out with the pricing on the Fannie Mae DU Refi Plus until within the past couple of weeks, and only a few are coming out with … (6 comments)

refinance: Southern Oregon Homeowners, You’ve Heard of Short Sales, But Have You Heard Of Short Refinancing? - 05/05/09 04:31 PM

So, you heard about the really nice low interest rates people are getting on their mortgages, and you thought "hey...I'd like to save money every month to put back in to my budget". You made a call or two, and found out "I'm sorry, Mr./Ms. Homeowner, but we can't help you … (0 comments)

refinance: Riding the Roller Coaster of the Home Affordable Refinance Wave - 04/15/09 09:42 AM

I shouldn't be surprised by the ebb and flow in this business. Real estate markets have always been cyclical, driven by local economic forces and demands. Driven by migration trends related to those demands and forces. Driven by Acts of God. I know this - I've EXPERIENCED these many times over!
But … (0 comments)

refinance: And...they're off! Home Affordable Refinance Program Released and Lenders Making It Available - 04/13/09 02:55 PM

We've been patiently awaiting the release of this Making Home Affordable Refinance program for the many homeowners who have wanted to refinance their home loans to get today's lower interst rates, but could not do so due to their home's current market value. Market values will still be an issue for … (4 comments)

refinance: Ready Set GO! Making Home Affordable Programs Readying for April 4th Release - 03/19/09 10:14 AM

We've been hearing a lot about the Making Home Affordable initiatives, and have been anticipating the release of all the details for the Refinance and Modification programs. The website is up and running today, so many of our answers should be provided. If you are struggling on making your payments, whether … (2 comments)

refinance: California Homeowners - Looking for Reasons to Hang On Instead Of Throwing In The Towel? - 02/12/09 06:33 PM

So, you are "stuck" with a 6.25% interest rate on your 30 year fixed rate mortgage for $400,000. You are bent out of shape because you really were hoping to refinance in order to get a mortgage interest rate in the 4's, like people you know have done recently. Should you … (0 comments)

refinance: Spring Home Show 2009 This Weekend For Southern Oregonians At Jackson County Fairgrounds - 02/12/09 04:13 PM

The Sping Home Show will take place this weekend at the Jackson County Fairgrounds, February 13th, 14th & 15th. The Jackson County Homebuilders Association puts on two of these shows each year. Although both the Spring and the Fall shows have a lot to offer, we are really looking forward to seeing what new and … (0 comments)

refinance: Bye Bye 4.50% Mortgage Rates! 5.50% Here We Come? - 01/29/09 05:30 PM

If other mortgage companies have been anything like mine, it's been a pretty busy time these past 4-5 weeks! When the 30 year conforming fixed rates being locked in hit the mid-high 4's, the phones lit up like I haven't seen in a while.

Well, they are still lighting up, … (0 comments)

refinance: When Is It Time To Refinance? – Common Obstacles In Today’s Lending Environment (Part 6 of 6) - 01/01/09 04:54 PM

It is hard for me to believe the percentage of people who have inquired about a home loan with me I have had to tell I couldn't help due to one reason or another. In 25 years in this business, I've never seen so many! Here are some of the most … (0 comments)

refinance: When Is It Time To Refinance to Cash Out a Large Amount of Home Equity? (Part 5of 6) - 01/01/09 02:27 PM

There are some pretty financially savvy people out there carefully watching what the markets are doing, including the bond markets and mortgage interest rates. Over the years, they've listened carefully to their financial/tax advisers and have educated themselves, keeping up with what these markets are doing. They caught the wave of … (2 comments)

refinance: When Is It Time To Refinance An Existing Fixed Rate Mortgage for a Lower Fixed Interest Rate? (Part 4 of 6) - 01/01/09 02:18 PM

This is the type of transaction where the rules of thumb are most likely to come in to play. A homeowner or investor is strictly looking to reduce their existing interest rate and/or payoff their mortgage faster. And here is where many people are told they need to save at least … (0 comments)

refinance: When Is It Time To Refinance to Consolidate Mortgage(s) and Other Bills? (Part 3 of 6) - 01/01/09 02:15 PM

Would you believe there are many people out there with 20-30-40-50% equity in their homes, even based on today's current market values? Even people who own their homes free & clear of any loan? Some people look at their long term financial objectives, which may include paying their home loan off … (0 comments)

refinance: When Is It Time To Refinance An Adjustable Rate or Interest Only Mortgage? (Part 2 of 6) - 12/31/08 04:52 PM

Does it sound crazy that someone would give up an interest rate in the low 4's to take an interest rate of 5-5.25% - AND spend thousand of dollars to do it? Many people today are doing just that. "Why?!?!?" you might ask. Well let's look at some history and basic … (2 comments)

refinance: When Is It Time To Refinance? (Part 1 of 6) - 12/31/08 04:43 PM

A long-time, good client of mine recently asked "how do I know when it makes sense for us to refinance? Is there a set rule of thumb we should follow?".
Well, there really is no set in stone rule, as there are so many variables involved in determining this. I know … (0 comments)

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