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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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2 September 2008
Need refinancing answers fast? You're in the right place.
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1 September 2008
An FHA or VA streamline refinance can reduce the payments on your mortgage, fast.
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9 August 2008
A mortgage refinance may have some negative consequences that you never anticipated.
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25 July 2008
Baby Boomers face new challenges when it comes to refinancing to tap home equity for fixed income.The real estate value they banked on to fund retirement may have been erased by the recent housing downturn, leaving them without the equity windfall typically enjoyed by seniors.
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18 July 2008
The housing market is a mess, and mortgages are harder to get; but there are also some rare and wonderful deals on the market.
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4 July 2008
Cash is king during a recession, and those who have money to buy today's depressed income-producing properties are laughing all the way to the bank.To get investment capital, many are turning to refinancing strategies.
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28 June 2008
Jumbo mortgages are larger-than-normal mortgages that are used to pay for, or refinance, higher-cost homes.The Federal Housing Administration (FHA) began insuring these big loans this year, at least on a temporary basis, as part of the government's much-touted economic stimulus package.
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19 June 2008
Homeowners who tried refinancing, but were rejected because they owed more than their homes were worth, may be ready to walk away and abandon their mortgages altogether.Desperate times call for desperate measures, and that has given rise to some novel and offbeat strategies.
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19 June 2008
People who are refinancing home loans are advised to scrutinize the closing costs.Study the settlement statement, and object to any fees that are not warranted or justified.
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13 June 2008
Homeowners thinking of remodeling to boost the value of their property may want to first hire a professional appraiser to look at the home improvement plans.The appraiser can do a market appraisal and demonstrate "before and after" values.
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8 May 2008
To many real estate industry veterans, relying upon computer programs to calculate home values seems like a deplorable idea.But in an increasingly automated world, appraisals via software are now popular with many lenders.Unfortunately, it may adversely affect your mortgage or refinance.
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15 April 2008
There are two ways to overcome credit card debt.The first is refinancing your home, and using a new mortgage as a debt consolidation loan.The second is to modify your behavior and pay off your credit card debt slowly.
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9 April 2008
When you're facing foreclosure and you don't qualify for a refinance, consider asking mom and dad to help you out of the jam.
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19 March 2008
Real estate is a lot like life: Sometimes, when one door closes, another one opens.
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13 March 2008
To help distressed homeowners avoid foreclosure, Democratic senators have proposed the "Foreclosure Prevention Act of 2008." The bill would help borrowers by potentially lowering the amounts they owe, and would free up more money to pay for the mortgage refinance of subprimes.
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4 March 2008
Politicians and economists are clamoring to come up with a solution to the nation's mortgage crisis.One measure that's currently being considered will allow states to issue tax-free bonds to fund mortgage refinances.
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2 March 2008
The emerging trend of house-swapping can be a strategy for downsizing your home and your mortgage.
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18 February 2008
Pay attention to the details if you have an adjustable-rate mortgage (ARM).Many three-year ARMs are scheduled to reset during the next 18 months, and many homeowners aren't prepared for the drastic payment increase.
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8 February 2008
To do a realistic, cost-conscious mortgage refinance, first determine your break-even point, or how long it will take to start gaining a positive return on your investment of the costs of refinancing.With a calendar and a calculator-or help from your number-crunching lender-it's relatively easy.
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