Mortgage & Refinancing Information

Alternative Options For Rising Interest Rates


As interest rates have risen in the last six weeks from record lows, homeowners are once again face with finding viable options to reduce the amount of interest paid on their home loans. The rush to refinance provided borrowers with good to excellent credit the opportunity to take advantage of low interest rates, that helped to reduce their monthly mortgage payments, which was the only benefit provided by the lowered rates.

Private Mortgage Insurance (PMI)


If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance, known as PMI, with your lender. This will enable you to obtain a mortgage with a lower down payment because your lender is now protected against any default on the loan.

5 Things In Selecting The Best Mortgage - You Should Know


Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some things you can keep in mind when selecting a mortgage provider.

Real Estate Finance Strategy that Few People Consider


If you are considering a new home loan anytime soon, and you do not want to get an adjustable rate mortgage (remember, ARMs are very strong loans), you should consider a 2/1 buydown.This is a great mortgage program for people who require a smaller payment now, knowing that they will have more money in the following years.

Buying a Home? Dont Get Saddled with Two Mortgage Payments


I have a lot of friends and family who are currently buying houses. Many of them have had a problem with timing.

Sell Your Home and Invest at the Same Time


I continue to see the same For Sale signs in my neighborhood. The houses just aren't selling.

Foreclosure Scams To Be Aware Of


Homeowners facing foreclosure should be aware of unscrupulous lenders and scammers. Don't get me wrong, most lenders and agencies are reputable and legit.

For Mortgage-Refinance Help, Get the Best Mortgage Professional, Not a Bank Loan Officer


When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs.

Some Mortgage Loans are Available with Absolutely no Money Needed From You


Today, FHA will loan up to 97 percent of the purchase price of a home, meaning a borrower only needs 3 percent. The three percent down payment can come in the form of a gift, and closing costs can be financed into the loan, making this a true no money out of pocket purchase transaction.

Mortgage-Refinance Loan Can Put Cash in Your Pocket


Do you need cash? Here's a mortgage for you. If you are not in a good position to take an equity line of credit on your home, because you have not built enough equity or a poor credit situation is making bankers steer clear of you, altogether, there is another option -- the cashout refinance.

Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay


We live in a society where people are losing their homes at an alarmingly high rate. There are several reasons for this, but one could certainly be avoided -- buying a house that creates a loan that is too large for you to handle.

Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch


What the average homeowner or home buyer fails to realize is that bankers, loan officers, mortgage brokers, or whatever your lenders call themselves, are salesmen. Certainly, if you purchased your home from a realtor and used her lender, you most likely got a feeling of trust in that person, because the realtor referred him.

What You Dont Know About The Real Estate Process, Some Inside Secrets


Some people in the real estate industry have a terrible reputation. Why, because they deserve it.

Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying


Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying for a purchase, refinance or equity line of credit, and having an in-depth understanding of these could make the difference in you being accepted or turned down by a bank loan officer.Here are some things loan underwriters use in seeing if you qualify for a loan: your credit rating; your income; the amount you wish to borrow vs.

Tips For First Home Buyers On Getting Home Loans


Buying your first home will likely be the biggest and most important purchase you will ever make. It can be a very stressful and may even leave you sleepless for nights on end wondering whether you are making the right decision - especially where choosing the right home loan is concerned.

More Articles from Mortgage & Refinancing Information:
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MORE RESOURCES:
Site: Yahoo! News Search Results for mortgage refinance
Mortgage rates drop nearly half a point after government takeover of Fannie and Freddie (The Plain Dealer)

Updated 4:38 p.m. Mortgage rates took the biggest one-week plunge in more than 25 years, and the drop below 6 percent could help home buyers and people who want to refinance. The average 30-year rate dropped to 5.93 percent fixed,... The Fannie-Freddie Takeover and Mortgage Rates (Kiplinger.com)

Now is a good time for people to refinance out of an adjustable-rate mortgage into a fixed-rate loan. Mortgage Applications Rise Last Week As Rates Drop (Nasdaq)

(RTTNews) - Industry data released on Wednesday showed that mortgage application volume jumped nearly 10 percent last week, as low 30-year mortgage rates sent investors rushing to refinance. U.S. mortgage volume up in week (Moldova.org)

The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 9.5 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, rose from 453.1 to 496.2 in the week ending Sep. 5, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also increased, up 15.4 percent to 1,222.9, the MBA ... Mortgage brokers, real estate agents say interest rate drop is spurring activity (Contra Costa Times)

n Mortgage brokers, real estate agents say interest rate drop spurring activity Mortgage Relief For Housing Market (Forbes)

With 30-year mortgage loan rates sinking last week, Wall Street is looking for a bottom. Mortgage rates drop big time (Bankrate.com via Yahoo! Finance)

Mortgage rates plummeted this week after the federal government took over mortgage financing giants Freddie Mac and Fannie Mae. Refi boom might not follow bailout (Bankrate.com via Yahoo! Finance)

A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? Hawaii mortgage rates tumble (Pacific Business News)

Mortgage rates at Hawaii?s largest banks plunged this week following the federal government?s takeover of mortgage giants Fannie Mae and Freddie Mac. Mortgage rates are plunging -- for those who qualify (Los Angeles Times)

Would-be borrowers who have been flooding lenders with phone calls find that standards have changed. The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls. Site: mortgage refinance - Google News
Mortgage Refinance Applications Soar As Rates Fall - EasyBourse.com

CNBC

Mortgage Refinance Applications Soar As Rates Fall
EasyBourse.com, France - 7 hours ago
The Mortgage Bankers Association's index of refinance applications posted a record 203.3% increase over the previous week. Additionally, the US Treasury ...
Treasury mulls plan to lower mortgage rates to 4.5% CNNMoney.com
Homeowners' Refinancing Jumps by Record Pace Wall Street Journal
Proposal could drop mortgage rates to 4.5 percent San Jose Mercury News
Danville News - The Associated Press
all 310 news articles
US MBA?s Mortgage Applications More Than Doubled Last Week - Bloomberg

RTT News

US MBA?s Mortgage Applications More Than Doubled Last Week
Bloomberg - 17 hours ago
The Mortgage Bankers Association?s index of applications to purchase a home or refinance a loan jumped 112 percent to 857.7, the highest level since March, ...
FINANCIAL STOCKS Bulls outlast bears in Wednesday grudge match MarketWatch
Falling rates spark rush to mortgage applications USA Today
UPDATE 1-US mortgage applications post largest gain ever Reuters
Kansas City Star - U.S. News & World Report
all 138 news articles
A Rush Into Refinancing as Mortgage Rates Fall - New York Times

A Rush Into Refinancing as Mortgage Rates Fall
New York Times, United States - 24 minutes ago
Mortgage rates immediately dropped, and that led to a surge in mortgage refinancing activity for the week ? even with the Thanksgiving holiday. ...
Lower mortgage rates help but jobs, prices key - Reuters

Lower mortgage rates help but jobs, prices key
Reuters - 9 hours ago
Applications to buy and refinance homes hurtled higher last week as the lowest rates since the summer of 2005 unleashed pent-up demand. ...
Paulson Considers New Plan to Resuscitate US Housing Market - Bloomberg

Paulson Considers New Plan to Resuscitate US Housing Market
Bloomberg - 26 minutes ago
While lowering mortgage rates to 4.5 percent would allow most homeowners to refinance into a cheaper loan, far fewer will actually qualify, said Rajiv Setia ...
US Economy: Service Companies Shrink at Record Pace (Update1) - Bloomberg

US Economy: Service Companies Shrink at Record Pace (Update1)
Bloomberg - 12 hours ago
?Things overall still look bad, but this, together with last week?s doubling in MBA refinancing, provide glimmers of hope,? Ian Morris, chief US economist ...
UPDATE: Builders Soar On Lower Rates, But Pain Persists - CNNMoney.com

UPDATE: Builders Soar On Lower Rates, But Pain Persists
CNNMoney.com - 8 hours ago
As consumers raced to lock in lower rates, applications to refinance existing loans jumped 203.3% last week from the week before, while mortgage ...
"Good" news on housing Motley Fool
all 5 news articles
Mortgage Brokers: Now Is Good Time To Refinance - MyNC.com

Mortgage Brokers: Now Is Good Time To Refinance
MyNC.com, NC - 12 hours ago
By Lauren Hills, NBC17, 14 hours, 38 minutes ago While most money matters aren't looking up right now, if you're looking to refinance your home, mortgage ...
Fresh Data Is Sour - Forbes

Fresh Data Is Sour
Forbes, NY - 3 hours ago
28, from the previous week's 404.4 reading, according to the Mortgage Bankers Association's survey. Refinance volume more than tripled, accounting for 69.1% ...
Fed?s Kroszner Says Foreclosures Harming Middle-Income Areas - Bloomberg

Fed?s Kroszner Says Foreclosures Harming Middle-Income Areas
Bloomberg - 8 hours ago
... the highest on record as home prices dropped and stricter mortgage standards made it harder for homeowners to sell or refinance, RealtyTrac Inc. said. ...
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