Mortgage & Refinancing Information

Home Equity Loans in Texas


A few notes of importance:This only applies to a homestead property, that is the customers primary residenceLTV refers to Loan to Value, meaning the loan amount as compared to the value of the home. As an example, a loan of $75,000 on a home valued at $100,000 would be a loan at 75% LTV.

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.

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.

Think You Cant Get a Mortgage?


You've finally found that dream home that you have always been searching for, but you are afraid to apply for a mortgage because you have bad credit or less than perfect credit.Before you give up entirely, there are many mortgage programs that are geared towards people just like you.

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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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