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29 June 2009
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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25 June 2009
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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22 June 2009
The Obama Administration's Making Home Affordable Plan may soon increase its limits on refinancing "underwater" mortgages to allow more homeowners to take advantage of the program, according to the director of the Federal Housing Finance Agency (FHFA).
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12 June 2009
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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21 May 2009
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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3 May 2009
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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28 April 2009
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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14 April 2009
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.
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24 March 2009
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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13 March 2009
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.
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5 March 2009
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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21 January 2009
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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19 January 2009
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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14 January 2009
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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7 October 2008
The government takeover of Fannie Mae and Freddie Mac could potentially increase your tax bill down the road.It can also mean it's a good time to refinance.
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19 September 2008
Millions of ARM loans will do-or have already done-an "ARM reset," which means that they undergo a scheduled monthly payment adjustment.
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17 September 2008
Don't panic if you need to refinance quickly; dozens of state and federal government programs can help.
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17 September 2008
Last week mortgage rates plummeted to a five month low and took the steepest weekly dive in 28 years.Does this forecast a mini refinance boom? Not likely.Lower rates does not mean easier mortgages, this time around.
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5 September 2008
As it becomes increasingly difficult to borrow for a refinance from traditional banks, more and more consumers are turning to private lenders.While this strategy usually costs more, it involves fewer hassles and more assurances that loans will go through without delays.
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4 September 2008
When you have a mortgage you can't afford and refinancing isn't an option, don't dismiss the possibility that a Chapter 7 bankruptcy may actually help you in the long run.
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