refinancing: Why refinancing may not be a good idea. ( I have a bet on this) - 12/03/08 08:30 PM
I know the rule many people use is that is you can lower your rate by a half a percent or a quarter of a percent you should refinance.  THEY ARE WRONG THERE ARE OTHER CIRCUMSTANCES TO TAKE INTO ACCOUNT.
If you have been in a mortgage for over 3 and … (6 comments)

refinancing: President Bush's Economic Stimulus Plan, You might want to read this. - 02/13/08 05:22 AM
Below is one banks email to mortgage lenders on the Economic Stimulus plan.  What is important to note is that this is going to take time to implement.  FHA, Fannie Mae, and Freddie Mac have to write guidelines for these new rules.  Next the banks have to determine the impact these … (6 comments)

refinancing: Mortgage rates are down!!!! - 02/03/08 08:08 AM
Mortgage interest rates are down in the last few weeks.  They even went to a 4 year low.  The day after the Fed lowered the rate the first time they dropped to a four year low for about 4 hours.  Many of the good loan officers took advantage of that and … (1 comments)

 
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Russ Ravary - Michigan Homes for sale - Michigan Real estate & Mortgage info

Northville, MI

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