Refinance Articles

Refinancing Your Mortgage When You're Underwater on Your Loan

By:

Kirk Haverkamp - MortgageLoan.com | 11/06/2009 - 6:49am

With the steep drops in home values in recent years, many homeowners who would like to refinance their mortgage to take advantage of the dirt cheap interest rates now available have been unable to do so, because they owe more than their property is worth. But now they have an option.

Figuring Out if You Should Refinace Your Mortgage

By:

Kirk Haverkamp - MortgageLoan.com | 10/31/2009 - 1:14am

It's not a question with a simple answer. Whether or not refinancing makes sense for you will depend on the type of loan you have, the interest rate you're paying, your credit score, how much equity you have in the home and a variety of other factors. And some of these will determine whether you're even able to refinance in the first place.

Tighter Rules for FHA Streamline Refinance

By:

Kirk Haverkamp - MortgageLoan.com | 09/24/2009 - 12:22am

Thinking about refinancing an FHA loan, using that oh-so-easy FHA Streamline Refinance? Better act fast.

Thinking about refinancing an FHA loan, using that oh-so-easy FHA Streamline Refinance? Better act fast.

As of Jan. 1, the FHA is making some major changes to the highly popular Streamline Refinance and may of them won't be in the borrower's favor. In fact, they'll make qualifying for the loan significantly more difficult.

125 Percent Refinance May Present Challenges

By:

Kirk Haverkamp - MortgageLoan.com | 09/23/2009 - 12:51am

For homeowners who are "underwater" on their mortgages, the 125 percent refinance option offered under the administration's Making Home Affordable Program may seem like a dream come true. But making that dream a reality could turn out to be a challenge.

10 Mistakes to Avoid When Refinancing a Mortgage

By:

Kirk Haverkamp - MortgageLoan.com | 09/17/2009 - 12:59am

With mortgage interest rates as low as they are right now, homeowners can save a lot of money by refinancing their home loan. But it's not as simple as finding a good interest rate and jumping on it - there's a lot more to it than that.

What Does It Cost to Refinance A Mortgage?

By:

Kirk Haverkamp - MortgageLoan.com | 09/11/2009 - 12:08am

With interest rates remaining near historic lows, homeowners have been rushing to refinance their mortgages and save money. But a low interest rate is only part of the picture - there's also the question of the fees that must be paid. So what should you expect to pay to refinance your mortgage?

Cash-Out Refnancing Still an Option for Some

By:

Kirk Haverkamp - MortgageLoan.com | 09/08/2009 - 12:45am

Need money? Got equity in your home? A cash-out refinancing might be the right solution for you - and yes, it's still possible despite the collapse of housing values and credit markets.

Refinancing a Mortgage With Bad Credit

By:

Kirk Haverkamp - MortgageLoan.com | 08/15/2009 - 12:32am

So you're looking to refinance your mortgage but you've got bad credit. What can you do?