refinance: Should You Refinance Your Mortgage?
- 05/27/10 06:53 AM
Should You Refinance Your Mortgage? Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They're at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, it's a second chance. In this well-presented, 3-minute video from NBC's The Today Show, you'll get tips getting low rates and choosing the best time to lock in. Some of the topics covered include: Why were the experts wrong about rates moving higher this summer? How much money can you save with a 1 point drop in your interest rate? … (0 comments)
The Federal Housing Finance Agency has extended the government's Home Affordable Refinance Program by 12 months. HARP's new end date is June 30, 2011. Originally known as Making Home Affordable, HARP aims to help homeowners refinance their mortgage who may otherwise be ineligible because of falling home values. There are 4 basic HARP criteria every borrower must meet: The existing home loan must be guaranteed by Fannie Mae or Freddie Mac. Your home must be a 1- to 4-unit property You must have a perfect mortgage payment history going back 12 months. No 30-day lates allowed. Your first mortgage … (4 comments)
Should You Refinance Your Mortgage? 
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