|Mortgage & Refinancing Information|
Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
You've been looking at houses for months, and finally you've found it--the house that's just right. So now, all you have to do is to purchase your new home, move in, and get settled, right? Not quite. There's one more big step to go-getting a mortgage loan. You're going to want to decide on the type of mortgage and payment terms that fit within your budget. And you're going to have to prepare yourself by doing some research. What follows is valuable information that will be crucial in helping you make loan decisions that will fit your budget and circumstance.
Series: 3 Finding a Perfect Match for your Home Mortgage
Factors That Affect Your Mortgage
Mortgage payments are determined based on the following criteria:
Amount of the loan
Loan Amount: The amount of your loan can increase your interest rate if the amount financed exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, (private corporations regulated by the federal government) that administer loans. The conforming loan limit changes at the beginning of each year.
Shorter loans, such as a 30 year or 15 year note, can save you thousand of dollars in interest payments over the life of the loan, but your monthly payments will be high. An adjustable rate mortgage may get you started with a lower interest rate than a fixed rate mortgage, but your payments could get higher when the interest rate changes.
Down Payment: A large down payment will give you the best possible rate. If you've got the cash now and want to lower your payments, you can pay points on your loan to lower your mortgage rate. The concept is simple: In exchange for more money upfront, lenders are willing to lower their interest rate, cutting the borrower's payments. Remember to consider upcoming expenses and closing costs in your down payment decision.
Closing costs. In addition to your down payment, you will need to pay closing costs for processing your loan and transferring the property ownership from the seller to you, the buyer. Closing costs can range from 3%-5% of your loan amount, depending on where you live, the loan you choose and your closing date. In some cases, you can finance certain closing costs in your mortgage loan. When you apply for loan, your lender will give you an estimate of closing costs, which usually include:
Costs of processing your loan (includes property survey and appraisal).Items paid in advance, such as first-year mortgage insurance premium, first-year hazard insurance premium and first-year flood or earthquake insurance premiums, if required.
Escrow accounts - an account held by the lender into which the homebuyer usually pays for city/county property taxes, mortgage insurance, and hazard insurance, if required.
Title insurance charges.
Recording and transfer charges.
Credit Score: Your credit and debt-to-income-ratio affect the terms of your loan through your FICO score which is used to determine your credit rating. If you have good credit and your monthly income exceeds your monthly debt obligations, you will get approved at a lower interest rate. However, if your monthly income barely covers your minimum debt obligations, you will not receive the lowest available interest rate even if you have a good credit report.
Lock-in Rate: When shopping for a loan remember that interest rates change frequently. It is important to ask your mortgage representative if a lock-in rate is possible. This will guarantee you a specific rate, provided the loan is closed, with a set period of time. Determine How Large a Monthly Mortgage Payment You Can Afford
Your choice of mortgage will be influenced by questions such asHow many years do you expect to live in your new home?How important is it to be free of mortgage debt before facing your children's college bills or planning your future retirement?How comfortable are you with the certainty of a fixed mortgage payment vs. a payment that can change over time?
Your monthly payment will vary depending upon the type and length of the loan and the amount you put down. Most lenders will help you select the loan that's best suited to your financial situation.
How Low an Interest Rate Can You Expect?
Shorter term loans offer lower interest rates and are divided into two types. A Fixed mortgage means that the rate is locked in for the life of the loan. Adjustable Rate, also called an ARM or variable rate note, is a note that generally offers lower payments for the first year and then changes periodically based on the terms and conditions of your note. Paying discount "points" can lower your interest rate. If your loan requires you to pay points or if you want to buy "down" the interest rate using points, remember that one point equals 1% of the loan amount.
Choosing the Right Mortgage
If you want the stability and predictability of a set rate for the life of your loan, then a fixed rate mortgage may be for you. Usually the longer the term of the mortgage, the more interest you pay over the life of your loan. Though, a longer term means your monthly mortgage payments will be less than they would be with a comparable shorter-term mortgage.
30 year vs. 15 year fixed rate mortgage.
A 30-year mortgage will have a lower monthly payment and a higher interest rate than a 15-year mortgage. You'll have a smaller monthly obligation but you'll pay more for your house over time because you're paying it off with interest for a longer period. On the other hand, a 15-year mortgage will have a higher monthly payment and a lower interest rate so you'll pay less for your house because you're paying it off in a shorter period.
Adjustable Rate Mortgage.
ARMs, are short-term fixed-rate loans: After the fixed rate term is up, the rate adjusts at regular intervals in accordance with current interest rate conditions at that time. A 5/1 ARM, for example, has a fixed rate for five years and then adjusts every year for the next 25 years. (ARMs typically run on a 30-year schedule.)
The length of the fixed-rate term on an ARM typically can range anywhere from one month to 10 years. The longer the rate is fixed, the higher the interest rate you'll get. But generally speaking -- and there have been exceptions in the past -- ARMs will cost you less in the short-term. With the ARM, both your monthly payments and interest rates should be lower than either a fixed rate 15-year or 30-year mortgage.
The risk with an ARM is that when interest rates rise, you could end up paying much more than you bargained for. Check to see if your ARM has a cap rate so that if rates increase, your change cannot exceed a certain pre-defined limit.
If you know you'll be in a home for 12 years or more, a 30-year fixed rate mortgage might work better for you than, say, a 5/1 ARM, where you fix a rate for five years and then it adjusts every year after that. But if you think you won't be in the home longer than five or six years, a 5/1 ARM might make more sense.
Mortgage Shopping Tips.
Talk to the mortgage specialists at your bank. If you are starting to look for a home they can asses your financial situation and help you determine a purchase price that is within your budget and a mortgage program that suits your lifestyle and income. In many cases your advisor can prepare a pre-approved mortgage before you finalize your purchase.
Ask a mortgage specialist at your bank to help you calculate payments at different interest rates. This will help you determine a monthly payment that can be comfortable integrated into your budget.
Types of Mortgage Programs.
Most lenders are committed to ensuring that your home financing experience is rewarding and effortless. To this end, there are many programs available to suit a variety of situations, lifestyles and your financial profiles. These include:
Fixed-rate loan. If you've found a home you plan to live in for 10-30 years, consider a fixed-rate loan. It's predictable and stable since the interest rate is set for the full length of the loan. Because the monthly payment for the principal and interest stays the same for the life of the loan, it's easier to plan a budget. Most lenders offer many fixed-rate loans with terms to fit your budget, including loans that require no money down.
If you plan on being in your home for a shorter period of time, or expect your income to increase of the years, an adjustable-rate mortgage (ARM) may just be the right fit for you. An ARM loan usually starts with a lower initial interest rate than traditional fixed-rate loans. After a set initial payment period (usually one, three, five, seven or ten years), the interest rate may change periodically (usually annually or semiannually) based on market conditions. As the rate changes, your monthly payment changes. ARM loans feature an adjustment "cap" which limits how much the interest rate can go up. This helps protect you from large increases in your monthly payment.
Loans for first-time homebuyers.
Most banks offer affordable loans to make it easier for first-time homebuyers with limited savings to qualify for a home loan. Specifically, FHA and VA government loans are available to qualified buyers, based on income or property location. These affordable financing programs can help make it easier to buy a home since they require little or no money down and also offer flexible credit and income guidelines.
Also consider how quickly you'd like to repay your loan - within 15 years, 20 years, 25 years, 30 years? Do you want to make biweekly mortgage payments? Typically, the sooner you repay the loan, the more you'll save in interest payments. However, the longer you extend the term of your financing, the lower your monthly payments maybe. So when choosing a loan term, consider your budget, your long-term spending patterns, your income over the life of the loan and how long you plan to stay in your home.
Which loan is right for me?
The lifestyle situations below can help you decide which loan you might want to consider.
"Getting the lowest monthly payment is most important to me, and I'll be in my home for less than five years."An intermediate ARM (five years or longer) if your income is fixed or expected to decline.A short-term ARM (three years or less) if you expect your income to increase.
"Getting the lowest monthly payment is most important to me, and I'll be in my home for more than five years."A fixed-term mortgage (for example, 30-year fixed).An intermediate ARM if you expect your income to keep increasing.
"I have little money saved for a down payment."AN FHA loan.A VA loan, if you are a veteran.
"I have no traditional credit references (for example, car loan or credit cards) but I pay my rent and other bills on time."An FHA loan.A VA loan, if you are a veteran.
"Paying off my mortgage faster and saving money by paying less interest long-term is what's most important to me."A shorter-term mortgage, such as 15- or 20-year fixed-rate loan.A biweekly 30-year mortgage accelerates the reduction in principal by applying more than one extra payment a year, reducing the total interest and term of the loan
Borrowers Protection Plan
Borrowers Protection Plan is an optional feature of your loan that can provide peace of mind during difficult times - like an unexpected job loss or disability. Borrowers Protection Plan will cancel your monthly principal and interest payment should you lose your job or are unable to work due to illness or injury. Borrowers Protection Plan may cancel a total of up to 12 months, depending upon the protection option and benefit period selected. And if you should die in an accident your entire loan balance will be canceled.
Benefits of protection.
Affordable. Decide what you and your family need and we'll help make it affordable.
Easy to obtain. There are no health requirements or medical exams and any size loan qualifies.
Supplemental benefits. Your monthly benefits will not be reduced because of other state unemployment benefits or disability income you may receive. Protection options available prior to loan closing include involuntary unemployment and disability and can be purchased individually, or as a combination. These options also include accidental death protection and are available on a single or joint basis.
Fast answers and streamlined processing. The approval process should be fast and simple. Many homebuyers who have excellent credit history can be approved for a mortgage at the time of the application and with very little documentation.
Hassle-free mortgages with 80% less paperwork.
Use a proprietary process to determine if you qualify for this streamlined loan feature. This means less digging, sorting and collecting paperwork for you.
Your qualification for reduced paperwork depends on a number of factors: Strong credit - doesn't have to be perfect Type of mortgage you choose - many mortgage types and loan amounts up to $750,000 are eligible Even if you don't qualify for the 80% less paperwork mortgage feature, your mortgage request can still be approved.
Buying a home is one of the most important events in your life. So talk to the mortgage professionals, do your homework and select a loan that fits your lifestyle and your budget. And enjoy the satisfaction of owning your own home.
Bill Tanebring is a Southern California based writer. His web address is http://www.billtannebring.net
Fixed mortgage rates continue their slide, falling for the fourth week in a row - The Washington Post
Refinance mortgage rate moves higher for Monday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. If you're shopping for a mortgage, see how your payments might be affected.
Can You Use a Mortgage Refinance to Pay Down Debt? The Motley Fool
Find out if you can use a mortgage refinance loan to pay down debt -- and if it's a good idea to do so.
Should I Refinance My Mortgage Loan? What You Need to Consider Zing! Blog by Quicken Loans
Thinking of refinancing your mortgage to lower your rate or monthly payment? Here are the pros and cons to consider to help you decide.
Refinance rates ease for Thursday Bankrate.com
Multiple key refinance rates decreased today. If you're shopping for a home loan, see what that means for you.
Refinance rates ease for Friday Bankrate.com
Several closely watched refinance rates ticked downward today. If you're shopping for a mortgage, see what that means for you.
Mortgage refinance booms are a thing of the past: MBA chief economist National Mortgage News
The era of plentiful refinance volume is over for the foreseeable future, because mortgage rates remained in a very narrow band for the past decade, said ...
Refinance mortgage rate increases for Saturday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. See what that means for you if you're in the market for a mortgage.
Refinance rates tick lower for Monday Bankrate.com
Several closely watched refinance rates dropped today. If you're shopping for a home loan, see what that means for you.
Can You Refinance a Reverse Mortgage? | US U.S News & World Report Money
Refinancing a reverse mortgage may be best for adding a spouse to the loan, getting a better interest rate or accessing more home equity.
Mortgage rates head down for the third week in a row The Washington Post
A volatile week in the financial markets had little effect on mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a refi, see how your future mortgage payments could be affected.
What homebuyers and refinancers should know about timing mortgage rate movements Bankrate.com
It's important to remember that you have options when it comes to your mortgage and trying to predict interest rate movements. The options, however, get more ...
Refinance rates dip for Saturday Bankrate.com
Multiple closely watched refinance rates receded today. See what that means for your refinance chances.
Mortgage rates move higher for Tuesday Bankrate.com
Multiple closely watched mortgage rates rose today. The average for a 30-year fixed-rate mortgage were higher, but the average rate on a 15-year fixed receded ...
Kenya launches mortgage refinance firm to offer loans to lenders - Xinhua | English.news.cn - Xinhua
Kenya launches mortgage refinance firm to offer loans to lenders - Xinhua | English.news.cn Xinhua
NAIROBI, May 22 (Xinhua) -- Kenyan President Uhuru Kenyatta on Wednesday launched the Kenya Mortgage Refinance Company (KMRC), a financial ...
Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis - HousingWire
Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis HousingWire
Recently released data from the Federal Reserve Bank of New York's Center for Microeconomic Data revealed that the first quarter of this year was the mortgage ...
Refinance mortgage rate ratchets higher for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate climbed higher. See what that means for you if you're in the market for a home loan.
Mortgage rates pull back on weak inflation data The Washington Post
After a month of increases, mortgage rates retreated this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ...
Trade tensions push mortgage rates lower for second week in a row Washington Post
Concerns about the U.S.-China trade feud pushed mortgage rates lower this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Mortgage rates decline for Tuesday Bankrate.com
Several benchmark mortgage rates slid lower today. If you're shopping for a home loan, see how your future mortgage payments could be affected.
Mortgage applications slightly lower despite three weeks of falling rates CNBC
Mortgage hunters were not particularly impressed with the latest drop in interest rates. Mortgage application volume dropped 0.6% last week from the previous ...
Why Refinancing Your Mortgage At A Lower Rate Might Be A Bad Idea Seeking Alpha
Offers concrete examples of how refinancing your mortgage at a lower rate can increase your interest payments. Gives two reasons for this: The sacrifice of the.
Refinance rates decline for Tuesday Bankrate.com
Several closely watched refinance rates trended down today. See what that means for you if you're in the market for a mortgage.
Weekly mortgage applications drop 4.3%, despite lower interest rates CNBC
It may be the heart of the spring housing season, but the mortgage market isn't seeing big business.
Refinance rates tick lower for Tuesday Bankrate.com
Several key refinance rates dropped today. If you're shopping for a home loan, see what that means for you.
US Mortgages – Mortgage Rates Fall for a 4th Consecutive Week Yahoo Finance
Mortgage rates fell for a 4th consecutive week in the week ending 23rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the ...
Mortgage Duration Drop Means Refinancing Concerns Are Back Again Bloomberg
Mortgage investors' concern about prepayment speeds may increase as a renewed U.S. rate rally helps push the U.S. MBS index duration down to its lowest ...
Mortgage rates trend down for Wednesday Bankrate.com
Several closely watched mortgage rates ticked downward today. If you're in the market for a mortgage, see what that means for you.
Refinance rates tick higher for Thursday Bankrate.com
Multiple closely watched refinance rates trended upward today. See what that means for your refinance chances.
Home Equity 101: Deciding Which and How Much Is Right For You Observer-Reporter
SPONSORED NEWS: The right kind of home equity lending product can help you reach your goals. Find the best home equity loan for you!
US News: How and Why to Refinance a Reverse Mortgage Reverse Mortgage Daily
Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it's not a ...
Adjustable-rate mortgages: Are they worth it? Sarasota Herald-Tribune
Adjustable-rate mortgages, known as ARMs, are back, despite having earned a bad reputation at the height of the housing crisis.Post-crisis borrowers saw them ...
Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow Mortgage News Daily
Mortgage rates moved microscopically higher today, depending on the lender. In terms of underlying movement in the bond market, however, rates should have ...
Interest rates on new federal student loans will dip slightly Richmond.com
College borrowers will get a small break in the coming school year, as interest rates on new federal student loans fall slightly this summer.
Refinance rates trend higher for Saturday Bankrate.com
Multiple key refinance rates climbed today. See what that means for your refinance.
Ginnie Mae Moves to Crack Down on Repeated Refinancings The Wall Street Journal
Ginnie Mae is taking steps to curb repeated mortgage refinancings that it says are hurting both borrowers and investors. The government-backed firm, which ...
Bring on the refis: Freddie Mac expects mortgage rates to remain low all year HousingWire
Favorable mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac's April Forecast. According to the ...
VA loan series: VA vs FHA vs USDA | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
VA loan series: VA vs FHA vs USDA | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
VA loan *service* requirements are important when it comes time to get a VA mortgage. Depending on your *service* status it's possible to avoid funding fees.
Mortgage rates fall for Monday Bankrate.com
Several closely watched mortgage rates trended down today. If you haven't locked yet, see how your finances could be affected.
Mortgage rates increase for Thursday Bankrate.com
Several key mortgage rates ticked up today. See how that could affect your mortgage payments.
How to find the best FHA mortgage lender Bankrate.com
There are government-insured mortgage programs that can make homeownership more attainable. This includes loans backed by the Federal Housing ...
HELOC: Understanding Home Equity Lines of Credit NerdWallet
A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. You can draw from a home equity ...
Mortgage rates climb for Monday Bankrate.com
Several benchmark mortgage rates notched higher today. If you haven't locked yet, see how your future mortgage payments could be affected.
Cherry Hill Mortgage Investment Corp: Finally, a Safe 11.5% Yield Income Investors
Cherry Hill Mortgage Investment Corp (NYSE:CMI) provides both safety and an impressive dividend yield. Here's the full story.
Refinance rates decline for Saturday Bankrate.com
Several key refinance rates slid lower today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both tapered off. The average rate on ...
Mortgage rates decrease for Wednesday Bankrate.com
Multiple benchmark mortgage rates tapered off today. If you're shopping for a home loan, see how your finances could be affected.
Mortgage rates move down for Friday Bankrate.com
Several key mortgage rates slid lower today. If you're shopping for a mortgage, see how your finances could be affected.
When will non-QM loans and HELOCs take off? National Mortgage News
The shift to nonbank lenders will put the breaks on non-qualified mortgage and home equity line of credit origination growth.
'Now Is The Time To Refinance': Low Mortgage Rates Cause Surge In Refinancing Forbes
Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...
Real estate transactions: Hyatt House coming to Metropark Square mixed-use development - Houston Chronicle
Real estate transactions: Hyatt House coming to Metropark Square mixed-use development Houston Chronicle
Austin-based Aspen Heights and partner Safanad, a global investment firm with offices in New York, London and Dubai, have refinanced a construction loan for ...
What the plunging 10-year Treasury yield says about the economy and stock market Yahoo Finance
The 10-year Treasury yield has major implications for the stock and housing markets.
Is a No Closing Cost Mortgage Right for You? U.S News & World Report Money
A no-closing-cost mortgage conserves cash upfront when borrowers buy or refinance a home, but you will pay more interest over the life of the loan.
How to Refinance a Small Business Loan U.S News & World Report Money
Refinancing a small business loan, compared with a mortgage, has a few more steps and may require as much documentation as your initial business loan.
Rotich to unveil mortgage refinance company today Business Daily
Kenya's first mortgage refinancing company that will make it easier for banks to access long-term funds for cheaper home loans will be launched today after 20 ...
May Fed Meeting: Mortgage rates fall as the Fed maintains "patient" stance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
May Fed Meeting: Mortgage rates fall as the Fed maintains "patient" stance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
The third Fed meeting of the year adjourned on May 1 and mortgage rates are benefitting. The group continued on the “patient” path as far as future rate hikes.
Plaza Home Mortgage Announces New Product The MReport
Wholesale and correspondent lender Plaza Home Mortgage has announced a new High-Balance Access loan program that allows borrowers to qualify for ...
Mortgage refinance boom goes bust as rates shift higher CNBC
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.
Mortgage rates are low. Here's how to figure out if you should refinance NBC News
Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage.
Childhood Asthma: A Lingering Effect of Redlining CityLab
New research shows that disparities in housing contribute to disparities in one of the most common chronic diseases afflicting children.
Mortgage refinancing spree becomes a race against the clock Bankrate.com
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...
Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News
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.
These are the best (and worst) reasons to refinance your mortgage Bankrate.com
Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...
Holistic approach needed to fix vital federal mortgage programs National Mortgage News
Housing finance reform cannot be piecemeal, but must be done using a comprehensive approach, an independent mortgage banker says.
5 Signs It's Time To Refinance Your Mortgage Forbes
You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...
AfDB Approves EUR 90 million to support Kenya’s Mortgage Refinance Company THISDAY Newspapers
Bennett Oghifo. The Board of the African Development Bank has approved a EUR 90 million loan to support the establishment of the Kenya Mortgage Refinance ...
What to consider before determining whether to refinance your mortgage Washington Post
REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ...
The main reason to refinance your mortgage: Save money Chicago Tribune
A substantial drop in interest rate on a fixed rate mortgage could save you money with a refinance. But you must factor in closing costs on the transaction.
Refinance mortgage rates mixed for Monday Bankrate.com
Refinance rates were mixed today. If you haven't locked a refi yet, see how your future mortgage payments could be affected.
In mortgages, these banks zigged while many others zagged National Mortgage News
While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.
Mortgage refinance applications hit 18-year low CNBC
Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ...
Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com
Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...
Five states set to adopt housing law The Punch
Maureen Ihua-Maduenyi Five states of the federation are expected to conclude the passage of their draft housing bills into law before the end of y...
Still haven’t refinanced your mortgage? You still have an opportunity to save big Bankrate.com
Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ...
Refinance mortgage rate drops for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate trended down. If you're shopping for a refi, see how that could affect you.
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions - MarketWatch
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions MarketWatch
f you refinanced your home mortgage last year, you may be in line for some often-overlooked tax deductions on your yet-to-be-filed 2018 Form 1040.
Refinance mortgage rates mixed for Thursday Bankrate.com
Multiple benchmark refinance rates were flat today. If you're in the market for a mortgage, see how your payments might be affected.
Shelter Afrique invests Ksh 200M in mortgage refinancing firm Kenya Broadcasting Corporation
Pan African housing development financier, Shelter Afrique has invested Ksh. 200M in the Kenya Mortgage Refinance Company.
Homeowners are rushing to refi mortgages as rates drop The Real Deal
Homeowners throughout the country are looking to refinance their mortgages thanks to lower borrowing costs, contributing to a sharp government bond rally.
Ask the Economist: Moody's Analytics' Andres Carbacho-Burgos DSNews.com
Editor's note: This piece originally appeared in the May issue of DS News. Andres Carbacho-Burgos analyzes the U.S. housing market, U.S. residential ...
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Millions of homeowners could now save each month on their mortgage payments, according to a new report. That's because they're suddenly “in the money” to ...
Succinct Summation of Week's Events 5.24.19 Forex Factory
Succinct Summation of Week's Events 5.24.19 - Succinct Summations for the week ending May 24th, 2019 Positives: 1. All things considered, this week could ...
Refinance mortgage rate dips for Saturday Bankrate.com
Refinance rates were mixed, but one key rate declined. See what that means for you if you're in the market for a home loan.
Refinance mortgage rate slides for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate declined. If you're in the market for a mortgage, see what that means for you.
Refinance mortgage rate moves lower for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate fell. The average for a 30-year fixed-rate refinance trended down, but the average rate on a 15-year fixed refinance ...
Refinance rates trend higher for Monday Bankrate.com
Several key refinance rates floated higher today. See what that means for you if you're in the market for a home loan.
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ...
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
The Freddie Mac Relief Refinance Program (FMERR) allows homeowners to refinance with little or no home equity. Home value dropped since you purchased?
Refinance mortgage rate eases for Monday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. See what that means for you if you're in the market for a home loan.
Mortgage application increase led by higher refinance volume National Mortgage News
Mortgage applications increased last week but unlike the prior period, it was driven by refinance volume as interest rates fell to a one-year low, according to the ...
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ...
After falling to yearly lows, mortgage rates rise: 30-year at 4.41 percent Addison Gazette
Mortgage rates moved higher this week for the first time in more than a month. According to the latest data released Thursday by , the 30-year fixed-rate average ...
Majority of Irish mortgages have fixations below 5 years Financial,Ireland,Property, news for Ireland, Financial,Ireland, - Business World
Majority of Irish mortgages have fixations below 5 years Financial,Ireland,Property, news for Ireland, Financial,Ireland, Business World
The Central Bank of Ireland published a paper on Friday entitled Fixed Rate mortgages – generating risk or building resilience. The paper noted a rapid shift in ...
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ...
Should You Refinance Your Mortgage? Forbes
Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ...
Refinance mortgage rates mixed for Saturday Bankrate.com
Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.
Refinance rates move higher for Wednesday Bankrate.com
Multiple key refinance rates notched higher today. See what that means for your refinance.
Consolidate Debt With A Home Equity Loan
If you are a home owner who is having to borrow from Peter to pay Paul due to a mounting debt load, a debt consolidation home equity loan may be the answer. A debt consolidation loan will allow you to consolidate your high interest credit card and consumer loans into one low rate, affordable monthly payment.
UK Mortages: A Guide Through The Maze
Types of UK MortgagesYou may be wasting your money with the wrong type of mortgage. Knowledge is power.
5 Home Buying Essentials
Purchasing a home involves certain important, even essential, steps that every buyer should take before closing on a purchase. Let's examine these "essentials" which, if properly implemented, can help you save valuable time and aggravation.
Home Equity Increases $1 Trillion in Five Years - Is the Market Peaking?
A new survey reveals that in the last five years, the equity in the California real estate market has increased by more than one trillion dollars. A trillion dollars is a large number to ponder, but put in concrete terms, it can be represented by a stack of one hundred dollar bills that is six hundred thirty one miles high! This astronomical increase in California home values isn't all that unique, however.
13 Extra Costs to be Aware of Before Buying a Home
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you're not informed and prepared.
Mortgage Reduction Solutions
USA ECONOMIC CONDITIONSToday's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined phrase "Assault on the Middle Class" continues.
A Guide to the Best Remortgage Deals
Finding the best remortgage deals isn't always easy, especially with the large variety of lenders available today. It can sometimes take a lot of research and time to locate the best remortgage deals for your home, though the end result is often worth it.
Should You Get an Interest-only Home Mortgage?
Before you consider taking out an interest-only mortgage, you should first understand what they are. Unlike traditional, fixed-rate mortgages, interest-only mortgages allows the borrower to initially pay the interest on the principal for a short period of time, rather than making payments on both the principal and the interest.
Mortgage Lead and Mortgage Leads
A mortgage lead is an exciting thing because you are filled with the thought of buying a house. Mortgage leads are listings of information dealing with how much a house will be.
Hard Money Loans - Reasons Why You Might Want To Try Applying With A Subprime Mortgage Lender
Before you apply for a hard money loan, try applying with a subprime mortgage lender first for lower rates and fees. Hard money lenders charge excessive fees to high-risk borrowers, but will only lend 50% to 75% of the value of the property.
How to Avoid Paying Mortgage Insurance
In today's world, a borrower should not be paying mortgage insurance (PMI) on their home mortgage with a few exceptions such as an FHA loan. Mortgage Insurance is a thing of the past.
Home Loan Refinancing - What Lenders Dont Want You To Know
Refinancing lenders seems to hold all the cards. They have the money and their own system for determining which type of credit you can qualify for.
Refinancing Online - Tips For Getting a Low Interest Rate When Applying Online
Refinancing online is a great opportunity to find low interest rates. Online mortgage lenders provide information about rates and fees for easy comparisons.
Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity
If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?Here are some suggestions of ways to put the equity to good use when you go to take out a home equity or cash out refinance loan.
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.
PayDay Loan Online - Quick Cash Advance Loans Online Are Very Convenient
Getting a quick cash loan, cash advance or payday loan has never been easier than it is today, thanks to the internet. Today you can apply and be approved for a payday loan or cash advance fast, in the comfort of your own home.
Who Could Benefit From A Reverse Mortgage?
What is a "Reverse Mortgage?"Also known as a Home Equity Conversion Mortgage (HECM)a reverse mortgage,is a popular way older homeowners (62+) can convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payments.Before explaining a reverse mortgage, let's review the features of a Standard Mortgage:With a standard loan or mortgage, your income stream is used to 'qualify' for the mortgage or loan.
Mortgage Refinance - Tips to Help You Cut Fees and Costs
Saving money through a mortgage refi is more than just finding the lowest interest rates. You can further cut fees and costs through the structure of your loan, avoiding PMI, and buying lower interest rates.
Refinancing vs Line of Credit
Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit.
Bad Credit Home Financing - Get The Mortgage Loan You Want Even With Poor Credit
Having poor credit alone cannot hold you back from getting the home loan you want. Buying a home that is everything you want in a home, is a very exciting experience.
|home | site map|
|© 2006 TIGER MEDIA|