|Mortgage & Refinancing Information|
What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Have you ever heard of a mortgage broker before? If you haven't, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of your loan. It's all about the interest rate and how it affects the amount of principal compared to interest that you pay each month.
Instead of just giving you whatever the posted mortgage rates are, the person from the brokerage office will go from institution to institution to try and get you the absolute lowest interest rate possible. This can often mean a savings of between 1% and 2% off the posted bank rate. What this means for you is a savings of several hundred dollars per month depending on the size of your home loan. Not only will your monthly payments be lower, but the amount of interest paid out will be lower too, allowing more of your hard earned dollars to go towards paying down the principal. This will help you pay your debt off faster.
A broker should be your first consideration when looking for a home loan, especially if the bank rates seem way too high. They will do all the work for you and find you the one financial institution that is willing to bend considerably on their rates.
You may be surprised at the time and trouble you will save by seeing a mortgage broker. Another tip would be to check out online lending companies. They are often very competitive with their rates as well. But don't take my word for it, try it yourself and be pleasantly surprised!
Chris Ferguson is the author and webmaster for http://www.online-finances.comWe offer pertinent financial information on home loans, car loans, student loans, debt consolidation, and other finance related topics. If you are looking for a loan, but are worried about your bad credit, we can help! Visit us at http://www.online-finances.com
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Refinance rates were mixed, but one key rate declined. If you're shopping for a mortgage, see how your payments might be affected.
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Refinance rates were mixed, but one key rate dropped. If you're in the market for a mortgage, see how your payments might be affected.
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Refinance rates fall for Tuesday Bankrate.com
Multiple closely watched refinance rates decreased today. If you're shopping for a home loan, see how your payments might be affected.
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Profit outlook for mortgage lenders fell for nine straight quarters in Q4 2018 as demand for loans to buy homes and to refinance existing mortgages decline.
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Refinance rates were mixed today. See what that means for your refinance.
Mortgage Activity Hits 2-Month High as Home-Loan Rates Fall Newsmax
Mortgage Activity Hits 2-Month High as Interest Rates Fall; The Washington-based group's seasonally adjusted index on mortgage applications increased 1.6 ...
Refinance mortgage rates mixed for Monday Bankrate.com
Refinance rates were mixed today. If you're shopping for a mortgage, see how your payments might be affected.
Refinance mortgage rate ratchets higher for Friday Bankrate.com
Refinance rates were mixed, but one key rate increased. The average rate for a 30-year fixed-rate refinance advanced, but the average rate on a 15-year fixed ...
Here’s Why You Shouldn’t Let Rising Interest Rates Scare You from Buying a Home - Zing! Blog by Quicken Loans
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According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 7, 2018, mortgage applications rose 1.6 ...
JACK GUTTENTAG: Purpose determines if refinance is correct answer Sarasota Herald-Tribune
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Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates CNBC
While tight supply of homes for sale had been plaguing buyers for much of this year, listings are increasing, but so are prices and interest rates, weakening ...
CFPB sues mortgage company for allegedly deceiving veterans about refinance benefits Lexology
On December 6, the CFPB announced the filing of a complaint and proposed final judgment in the U.S. District Court for the District of Nevada against…
CFPB seeks half-million-dollar settlement with mortgage company over veteran refis - Mortgage Professional America
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The Consumer Financial Protection Bureau has announced that it filed a complaint against Village Capital & Investment on allegations of deception. The CFPB ...
Refinance rates slide for Monday Bankrate.com
Several benchmark refinance rates fell today. If you're in the market for a home loan, see how your payments might be affected.
Refinance rates retreat for Saturday Bankrate.com
Several key refinance rates tapered off today. If you're shopping for a mortgage, see how your payments might be affected.
U.S. mortgage activity rises near two-month high: MBA Reuters
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Every few months The Federal Reserve Bank of New York's Center for Microeconomic Data releases a survey of consumer experiences when applying for credit ...
Refinance rates drop off for Wednesday Bankrate.com
Several key refinance rates dropped today. If you're in the market for a refi, see how that could affect you.
Refinance rates dip for Wednesday Bankrate.com
Several benchmark refinance rates receded today. If you're shopping for a home loan, see what that means for you.
Mortgage firm appoints chair, MD New Telegraph Newspaper
Nigeria Mortgage Refinance Company Plc (NMRC) has appointed a Senior Advocate of Nigeria, Charles Adeyemi Candide-Johnson and Mr. Kehinde ...
Choosing between an ARM versus a fixed-rate mortgage Bankrate.com
One of the key decisions homebuyers and homeowners make is whether to go with a fixed- or adjustable-rate mortgage. Each have benefits and drawbacks, ...
Refinance rates slide for Friday Bankrate.com
Multiple key refinance rates declined today. See what that means for your refi.
TRANSACTIONS: GCP arranges $27.5M NJ loan, Eastern refinances 33 NJ properties Real Estate Weekly
GCP Capital Group arranged mortgage financing in the aggregate amount of $65,300,000 for the following properties: $27,500,000 for two four-story and two ...
Mortgage Applications Dropped by Rising Rates and Stock Declines ETF Trends
The Mortgage Bankers Association reported that mortgage applications fell last week--dropped by a one-two combination of rising rates and stock declines.
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Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.
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U.S. home values hit a low for the downturn of $148,600 in February, 2012. At that point, millions of homeowners were “underwater” — they owed more on their ...
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As the year comes to an end, we asked experts from across the housing market about what factors that will define the industry in the new year.
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A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the ...
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Mortgage applications fall, as refinancing hits 20-year low CNBC
A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week.
3 Signs You Should Refinance Your Mortgage The Motley Fool
Refinancing at the right time can save you thousands of dollars a year.
Refinancing activity in the US just plunged to the lowest level in over a decade Business Insider
Refinancing activity plunged to the lowest level since 2000 as interest rates rise.
Refinance mortgage rates mixed for Friday Bankrate.com
Refinance rates were mixed today. If you haven't locked a refinance yet, see what that means for you.
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Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.
Credible Expands Their Marketplace Into Mortgage Refinancing Lend Academy
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Refinance rates were mixed today. If you're in the market for a home loan, see how your payments might be affected.
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An increase in refinance activity in the period after Columbus Day drove mortgage applications 4.9% higher from one week earlier, according to the Mortgage ...
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Refinancing your mortgage can be a great way to save on your monthly payment or to change up the terms of your loan. However, while it's a financial move that ...
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Refinance rates were mixed today. If you're in the market for a refi, see how your payments might be affected.
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Refinance rates were mixed, but one key rate slid lower. If you're shopping for a refi, see how your payments might be affected.
Refinance mortgage rate moves up for Friday Bankrate.com
Refinance rates were mixed, but one key rate moved higher. If you're in the market for a mortgage, see what that means for you.
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Many of us put the majority of our expenses on credit cards, racking up rewards before paying off our balances.
Existing and interest-only mortgage borrowers gouged by big banks, says ACCC ABC News
Existing interest-only borrowers subsidised the big banks' revenue to the tune of more than a billion dollars over the past year after they were hit with a ...
Rates Are Rising, But Is It Time To Refinance? Five Scenarios To Consider Forbes
Mortgage rates are rising. Does that mean it's time to refinance? About 85% of you just shuddered at the thought of refinancing as rates climb. Hear me out.
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The best mortgage lender isn't the same for everyone.That's why we compiled a list of best mortgage lenders for first time home buys to those looking for their ...
Refinance mortgage rate slides for Thursday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. If you haven't locked a refinance yet, see what that means for you.
Rocket Mortgage Review Bankrate.com
Rocket Mortgage from Quicken Loans lets you apply for a mortgage in minutes using nothing more than a smartphone app.
Refinance mortgage rate advances for Thursday Bankrate.com
Refinance rates were mixed, but one key rate moved higher. See what that means for your refinance chances.
Refinance rates drop off for Thursday Bankrate.com
Multiple key refinance rates receded today. If you haven't locked a refinance yet, see how your finances could be affected.
Refinance mortgage rate slides for Monday Bankrate.com
Refinance rates were mixed, but one key rate sunk lower. See what that means for your chances of scoring a killer refi rate.
Refinance rates fall for Saturday Bankrate.com
Multiple key refinance rates trended down today. If you're in the market for a home loan, see what that means for you.
Refinance mortgage rate ticks higher for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate floated higher. See what that means for your chances of getting a better mortgage rate.
Refinance rates tick lower for Thursday Bankrate.com
Several key refinance rates declined today. See what that means for your refinance chances.
Credible Brings the Power of Its Marketplace to Mortgages Credible News
We set the standard for transparency in the student loan industry. Now we're out to do the same for mortgages.
Refinance rates slide for Wednesday Bankrate.com
Several key refinance rates declined today. If you're shopping for a mortgage, see how your payments might be affected.
When and How to Refinance a Personal Loan Bankrate.com
If you're thinking about refinancing a personal loan, check these factors first.
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The number of mortgage borrowers for whom it made sense to refinance declined by nearly half since the end of last year and is at its lowest since November ...
Refinance rates increase for Tuesday Bankrate.com
Multiple key refinance rates climbed today. If you're in the market for a home loan, see how your payments might be affected.
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate were down. If you haven't locked a refi yet, see what that means for you.
Refinance rates decline for Thursday Bankrate.com
Multiple benchmark refinance rates receded today. See what that means for your chances of getting a better mortgage rate.
Refinance mortgage share falls back to 2018 low National Mortgage News
As mortgage rates recently hit their highest point in seven years, closed refinances fell back to their low point of 2018, according to Ellie Mae.
Mortgage refinances fall to decade low CNBC
Interest rates for home loans have risen each week this year, so each week homeowners have had less incentive refinance their mortgages. Another drop in ...
Potential refi market falls 40% as mortgage rates keep rising National Mortgage News
The spike in 30-year fixed interest rates, at a time of continuously rising home prices, has pushed home affordability to its lowest level since 2009, and cut ...
Why it may be unwise to refinance a low home mortgage balance The Washington Post
Q: Is it wise to refinance my mortgage if it has a balance of just $26,000? The loan was for 30 years at a fixed interest rate of 7.5 percent. I purchased the home ...
Mortgage refinance share jumps 5% despite rising interest rates HousingWire
The refinance share of mortgage activity increased a full 5% from December to January, rising to 45% of all closed loans, according to the latest Origination ...
Refinance rates drop off for Monday Bankrate.com
Several key refinance rates were down today. See what that means for you if you're in the market for a mortgage.
Refinance rates move higher for Tuesday Bankrate.com
Several key refinance rates rose today. See what that means for you if you're in the market for a home loan.
What It Takes to Refinance a Jumbo Loan NerdWallet
Refinancing a jumbo loan, a mortgage over $484350, in most cases, and up to $726525 and even higher in some high-cost areas, can result in big savings and ...
Refinance rates drop off for Saturday Bankrate.com
Multiple closely watched refinance rates receded today. If you're in the market for a home loan, see what that means for you.
How Long Does It Take to Refinance a Mortgage? Realtor.com News
How long does it take to refinance a mortgage? Refinancing should take anywhere from 30 to 45 days on average, although that can stretch to 60 days if you hit ...
5 Tips for Finding the Best Refinance Mortgage Lenders NerdWallet
Finding the best mortgage refinance lender for your situation requires knowing your credit score, shopping more than one lender, negotiating lender fees, ...
Cash-Out Refinance Calculator NerdWallet
A cash-out refinance can be a great financing option depending on your use of the cash and your financial profile. This calculator will help you determine how ...
Refinance rates rise for Wednesday Bankrate.com
Multiple closely watched refinance rates floated higher today. See what that means for you if you're in the market for a mortgage.
Refinance rates ratchet higher for Wednesday Bankrate.com
Several key refinance rates were higher today. See what that means for you if you're in the market for a home loan.
Weekly mortgage applications to buy a home hit the lowest level in a month as rates continue to rise - CNBC
Weekly mortgage applications to buy a home hit the lowest level in a month as rates continue to rise CNBC
The highest interest rates in about a month and high home prices took their toll on the mortgage business last week. Total mortgage application volume slipped ...
Refinance rates drop for Wednesday Bankrate.com
Multiple closely watched refinance rates trended down today. See what that means for you if you're in the market for a home loan.
Refinance rates dip for Friday Bankrate.com
Multiple closely watched refinance rates were down today. See what that means for you if you're in the market for a mortgage.
Mortgage rates drop, but borrowers are not impressed CNBC
A drop in mortgage interest rates did nothing to spur borrowers to action. Applications for to both refinance and to purchase a home fell for the week.
Refinance rates ratchet higher for Monday Bankrate.com
Multiple key refinance rates climbed higher today. If you're shopping for a home loan, see what that means for you.
U.S. mortgage industry faces job losses as refinancing dries up Reuters
NEW YORK (Reuters) - With mortgage applications falling to their lowest since late-2014, the U.S. home lending industry is facing a major overhaul in how it ...
Edmonton Oilers turnaround looks like more than just a temporary spike Edmonton Sun
WINNIPEG — Eight. Two. And one.Most people thought the slumping Edmonton Oilers would get the usual, temporary spike that comes after a coaching change ...
Refinance rates drop for Saturday Bankrate.com
Multiple benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.
Refinance rates move lower for Saturday Bankrate.com
Several closely watched refinance rates tapered off today. If you're in the market for a home loan, see how your payments might be affected.
Homeowners Ditch Refinancings as Mortgage Rates Rise The Wall Street Journal
Refinancings make up a smaller portion of the mortgage business than at any time in the past two decades, posing a challenge for lenders who already fear ...
Refinance rates increase for Wednesday Bankrate.com
Multiple closely watched refinance rates climbed today. If you haven't locked a refi yet, see how your finances could be affected.
Home Equity Loans 101
A secured home loan differs from an unsecured loan in thatthe secured loan borrows against one's home as collateral,thereby reducing the risk to the lender.As such, secured home loans often offer better interestrates than unsecured loans, but offer higher risk to theborrower, as defaulting on these loans can have greaterconsequences, such as fines, or even possible repossessionof the home originally put up as the secured collateral(subject to the amount of the loan, of course).
Gearing Up for Bad Credit Mortgages
Mortgage would have never happened, had mortgages been a no profit venture for the mortgagees or the mortgage providers. The lender receives much more than he had actually lent.
Reverse Mortgage - Be Sure You Need It Before Applying For One
Reverse mortgages used to be considered the last resort of desperate retirees who needed to borrow against their home equity in order to pay for medical expenses. With home prices across the country rising at astonishing rates, more and more retirees, aged 62 and over, are taking out reverse mortgages to fund better retirement living.
6 Things to Consider Before Refinancing
Perhaps you're a homeowner in need of some quick cash.Maybe you want to consolidate your debts so you have better control of your money.
How Homeowner Can Save Their Home From Foreclosure
Drive around and see how many signs you see that says House for Sale. How many lease purchases do you see? How many abandon houses are on your street? Our country is up against the wall with delinquence mortgages.
Refinance Your House
If you have seen all the advertisements regarding refinancing your house you may be wondering if refinancing can actually save you money. The answer is yes! Interest rates are at the lowest levels in decades and there has never been a better time to refinance your home.
Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
If you are among the millions with less than perfect credit, there are many sources available to you in obtaining a mortgage. Lenders that specialize in mortgages for those with bad credit are competing for your business.
Home Equity Line of Credit - Great Idea for Rainy Day Emergencies
Most Americans tend to live on a paycheck-to-paycheck basis, and the typical household has nearly $10,000 in credit card debt. Adding to that is the fact that Americans are saving money at the lowest rate in history.
Home Mortgages: How About Those 1.75% Loans?
You've undoubtedly heard or seen ads for mortgages with very low interest rates such as 1.75%.
Why Choose a Home Equity Loan?
There are many reasons for choosing a home equity loan. A home equity loan allows homeowners to obtain a loan in addition to their original loan using the equity in their home.
A Guide to UK Buy to Let Mortgages
Essentially there is little difference between the process that one follows for a buy to let mortgage in the UK than there is for any other type of mortgage. The lender still has to consider your credit worthiness, the value of the property, how much down payment you can afford and all of the other usual considerations.
Borrow on a Budget: Getting the Cheapest Home Improvement Loans
Getting the cheapest home improvement loans isn't always easy. It can require going to several different lenders for quotes as well as several hours spent comparing the interest rates and terms of several possibilities.
Home Equity Loan - Is It For You?
A Home equity loan has become an easy way to not only payoff other non-deductible debt, but to come up with largewads of cash for remodeling projects, vacations and more.People have financed college educations with a home equityloan, so your imagination is your only barrier.
Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet
You may think that applying online for a mortgage is the same as applying with a broker in the 'real world', only more convenient.While applying for a mortgage online is much more convenient, and sure to help you get a lower rate because of the amount of competition online, there is another benefit to using the internet when applying for a loan.
Home Loans For People With Adverse Credit History
Whether you are planning to purchase a home for the first time or refinance an existing mortgage, plan on comparing lending companies before you accept a financing offer if you have adverse credit history. Sub prime lenders specialize in offering loans to people who have a high-risk credit history.
Debt Counseling - Healing Touch for the Ailing Finances
The financial stories remain similar over the months and the years. With debts becoming a nuisance, people make resolutions and resolve to stand by these resolutions.
7 Credit Improving Steps You Must Take Before Applying For A Mortgage
If you think you have good credit, think again. Chances are there is something on your credit report that can effect your credit rating; this type of news is particularly alarming if you are shopping for a loan or applying for credit.
Home Buying - What Can You Afford?
Okay, you've decided to buy a home and are trying to figure out what you can afford. Before you go home buying, you need to carefully consider what you can afford as far as a mortgage payment.
Option ARM Mortgage Loan - Is This Really for You?
What happened to the days of a 15 or 30 year fixed rate mortgage loan? Ultimately this is the safest and most popular mortgage loan product in our industry, but new mortgage products are hitting the market, and we in the mortgage business are using them to our advantage; ever heard the radio advertisement saying, "buy a $200K home for $643.28 per month; call XYZ Mortgage Company to apply"? The product used in this ad is called an Option ARM, and I feel it's my duty as a mortgage professional to tell you what this product is in case you happen to meet up with that loan officer whose only concern is to make a fee, and not have your best interest in mind.
Thinking About Re-mortaging? Read These Tips First
More and more of use are signing up for limited time low interest rate mortgages and then switching to a different mortgage when the low interest period expires.It's a great way to save money and can, potentially, save you thousands in repayments.
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