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Kirk Haverkamp - MortgageLoan.com | 11/12/2009 - 4:01am
What has been one of the easiest and most foolproof ways to refinance a mortgage is about to get a bit tougher. New rules for the FHA Streamline refinance take effect Nov. 17, meaning approval will no longer be practically guaranteed for borrowers with FHA mortgages.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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?
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Kirk Haverkamp - MortgageLoan.com | 08/03/2009 - 4:33am
A lot of people made mistakes in buying homes and shopping for mortgage financing in recent years. The current foreclosure crisis makes that pretty clear. So how do you avoid repeating their mistakes if you're looking to take advantage of the current combination of low housing prices and interest rates, either to buy a new home or refinance an existing mortgage?
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Kirk Haverkamp - MortgageLoan.com | 07/31/2009 - 12:45am
They haven't drawn a lot of attention, but some new consumer protection rules under the Truth in Lending Act took effect July 30. Here's a rundown on how they'll affect you if you're planning to purchase a new home or refinance your current mortgage.
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Kirk Haverkamp - MortgageLoan.com | 07/28/2009 - 3:15am
If you're thinking about buying a home or refinancing your current mortgage, you're going to need an appraisal so the lender has an accurate evaluation of what the property is worth. But recently, that's gotten a bit more complicated, thanks to a new rule called the Home Valuation Code of Conduct.If you're thinking about buying a home or refinancing your current mortgage, you're going to need an appraisal so the lender has an accurate evaluation of what the property is worth.
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Kirk Haverkamp - MortgageLoan.com | 07/15/2009 - 1:53am
When it comes to government foreclosure avoidance programs, much of the focus has been on federal efforts such as Making Home Affordable. But many states offer their own programs as well, some of which even offer direct financial assistance for qualified homeowners.
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Kirk Haverkamp - MortgageLoan.com | 07/07/2009 - 2:31am
Despite recent suggestions that the housing market is stabilizing, home prices will likely continue to decline another two years, according to a leading assessment of real estate market trends.
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Kirk Haverkamp - MortgageLoan.com | 07/06/2009 - 1:06am
You don't often hear about 25-year mortgages, but it's one of the newest options the Obama Administration is adding to the mix under its Making Home Affordable Program.
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Kirk Haverkamp - MortgageLoan.com | 07/03/2009 - 12:42am
So how do you go about improving your credit score? Good credit is the key factor in getting the best interest rates when buying a home or refinancing a mortgage. In today's tight credit markets, it even can determine whether you qualify for a loan at all.
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Kirk Haverkamp - MortgageLoan.com | 07/01/2009 - 1:08am
Many homeowners who are underwater on their mortgages now have a new option for reducing their monthly payments - refinancing under the government's Making Home Affordable Program.
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Kirk Haverkamp - MortgageLoan.com | 06/29/2009 - 2:22am
Is it worth it to refinance your mortgage? With recent signs that interest rates may be headed back down again, many people may be wondering if refinancing would make sense for them. As always, the devil is in the details.
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Kirk Haverkamp - MortgageLoan.com | 06/25/2009 - 12:45am
With all the attention that's been focused on the Making Home Affordable program, it's easy to forget there are other options out there for reducing your mortgage payments. And if you have an FHA or VA mortgage, there's one that's simply fantastic - a streamline refinance.
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Kirk Haverkamp - MortgageLoan.com | 06/17/2009 - 12:05am
So you've been thinking about refinancing your mortgage? It's not enough just to obtain a lower interest rate - whether you'll save money or not depends in large part on the fees you'll pay to refinance.
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Catherine Brock - MortgageLoan.com | 06/12/2009 - 12:25am
Fannie Mae is tackling the Home Affordable refinancing program with RefiPlus and DU RefiPlus. One of these could be your ticket to a quick and affordable mortgage refinance-but only if you qualify.
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Catherine Brock - MortgageLoan.com | 06/03/2009 - 12:52am
Taking advantage of historically low mortgages rates with a refinance mortgage could save you thousands on your mortgage loan.
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Catherine Brock - MortgageLoan.com | 06/01/2009 - 12:51am
Job creation in the mortgage industry looks promising as a major industry association predicts growth in mortgage originations this year.
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Greg Mischio - MortgageLoan.com | 05/28/2009 - 12:35am
If there's anything to be learned from the financial crisis of the past year, it's that good credit is essential for good loans. If you have bad credit, improving your score is the best way to get a mortgage refinance.
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Greg Mischio - MortgageLoan.com | 05/21/2009 - 12:10am
With today's stellar mortgage rates, many people are lining up for a mortgage refinance. Before you fill out that mortgage application, however, there are a few items to consider as you prepare to refinance your home loan.
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Catherine Brock - MortgageLoan.com | 05/07/2009 - 12:22am
Mortgage rates are dropping as the Federal Reserve buys up mortgage-backed securities and U.S. Treasury debt. Banks with mortgage units are poised to reap the rewards.
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Tom Kerr - MortgageLoan.com | 05/06/2009 - 12:18am
Mortgage originations may soon hit a whopping $3.1 trillion, mostly because of a huge surge in mortgage refinances that are expected to continue to boom. With mortgage rates at all-time lows, millions of savvy American homeowners are taking full advantage of them.
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Catherine Brock - MortgageLoan.com | 05/05/2009 - 12:42am
It's no easy task deciding what to do when your ARM is approaching a mortgage rate reset.
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Tom Kerr - MortgageLoan.com | 05/03/2009 - 12:34am
One of the most important initiatives to help people through the foreclosure crisis is the new "Making Home Affordable" loan modification program. Under the plan, millions of borrowers are entitled to a loan modification, as long as they qualify for this special government assistance.
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Tom Kerr - MortgageLoan.com | 04/28/2009 - 12:45am
Doing a mortgage refinance these days is tough, because lenders-including those doing FHA mortgages--want to see a higher credit score and more proof of assets and income. But they also don't want to refinance until home equity loans or second mortgages have been repaid.
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Catherine Brock - MortgageLoan.com | 04/24/2009 - 12:15am
The Obama Administration is supporting its Making Home Affordable initiative with a website that offers guidance and advice to troubled homeowners.
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Tom Kerr - MortgageLoan.com | 04/14/2009 - 12:02am
Anyone who has applied for a mortgage refinance lately in order to capture lower mortgage rates can testify to the fact that mortgage fees have increased. That often defeats the whole purpose of doing a mortgage refinance in the first place, and is helping to prolong the real estate crisis.
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Greg Mischio - MortgageLoan.com | 04/11/2009 - 12:52am
A mortgage refinance has always been dependent on a good credit score. In the past, people with solid credit histories have had nothing to worry about. However, recent actions taken by the credit card industry are affecting even credit-worthy people who've always played by the rules, casting doubt on their ability to get a mortgage refinance.
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Catherine Brock - MortgageLoan.com | 03/24/2009 - 1:23am
If you'd like to take advantage of the low mortgage refinance rates available as a result of the mortgage crisis, there are some hoops that you're going to need to jump through to save a little money.
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Greg Mischio - MortgageLoan.com | 03/13/2009 - 1:58am
Mortgage applications have been on the rise lately, as rates for home loans have dropped to historic lows. Now, Fannie Mae would like to further increase the number of people looking for a mortgage refinance. They've loosened guidelines, allowing people with poor credit easier access to a new home loan.
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Catherine Brock - MortgageLoan.com | 03/05/2009 - 1:30am
The nation's largest two mortgage companies are giving distressed mortgage borrowers a little more time to stay in their homes.
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Tom Kerr - MortgageLoan.com | 02/17/2009 - 1:34am
Mortgage rates on adjustable-rate mortgages (ARMs) skyrocketed last year, so many homeowners are eager to do a mortgage refinance into a safer and more affordable fixed-rate loan. However, interest rates have fallen, which may mean that it's still cheaper to stay in an ARM and let it reset to the new lower rate.
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Catherine Brock - MortgageLoan.com | 02/06/2009 - 1:27am
Mortgage rates are almost as low as they've ever been, and savvy, qualified homeowners are taking advantage of the trend to lower their monthly payments.
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Catherine Brock - MortgageLoan.com | 01/21/2009 - 1:22am
Mortgage rates are edging lower after the government announced a plan to purchase mortgage-backed securities. Homeowners are using the trend to save money on their monthly mortgage payments.
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Greg Mischio - MortgageLoan.com | 01/19/2009 - 1:28am
The economic crisis has been unprecedented in many ways, but the latest news concerning Fannie Mae and Freddie Mac takes the cake. The mortgage refinance companies are considering issuing refinanced loans without home value appraisals.
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Tom Kerr - MortgageLoan.com | 01/16/2009 - 1:09am
Even as the industry pleaded with the government to allow people access to rates of 4.5 percent, the Federal Reserve cut keys rates to almost zero. Now, 30-year fixed rate mortgages are being offered at 4.5 to 5 percent, and it may be time to take advantage and buy or refinance a home.
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Catherine Brock - MortgageLoan.com | 01/14/2009 - 1:49am
A tax lien can be a major roadblock during a property sale or mortgage refinance. The IRS has initiated a program to ease this process, thus helping some homeowners save their homes or otherwise avert financial disaster.
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Catherine Brock - MortgageLoan.com | 01/12/2009 - 1:57am
The foreclosure problem has stymied the feds. Treasury and Federal Reserve officials are now considering programs that would provide direct help to at-risk homeowners, as other foreclosure prevention efforts have failed to produce results.
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Catherine Brock - MortgageLoan.com | 01/08/2009 - 1:41am
Mortgage rates have fallen recently on the news of greater federal foreclosure prevention efforts. If you want to achieve lower monthly expenses, now's the time to evaluate the savings you might realize with a mortgage loan refinance.
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