Mortgage & Refinancing Information

Why a Mortgage Professional Beats a Banker Every Time -- The Story Tells It All


The best way to explain why a mortgage professional is always better than a banker is to use an anecdote. My parents lived in the house I grew up in for 35 years, so it was finally time to move.

Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later


There are great mortgage loans for people with poor credit, and yes, you can still save thousands of dollars. In order to receive preferential treatment for mortgage professionals, you'll need a credit score of 680 or better (this is considered A credit).

Buying a Home With Bad Credit - Get Approved With a Recent Bankruptcy or Foreclosure


A few years ago, if you had a bankruptcy or a foreclosure on your credit report, you could forget about trying to get a mortgage loan. If you were lucky enough to find someone who would finance you, your interest rate would be through the roof and plan on putting 10-20% down.

Bad Credit Mortgage Lender - What to Look For


If you have less than perfect credit and are looking to get approved for a mortgage loan, be careful not to make some common, costly mistakes. When dealing with sub-prime mortgage lenders or bad credit mortgage lenders, many people are taken advantage of because of their eagerness to get approved.

Mortgage Terms Explained


When you are hunting for a mortgage, you will find that there are many different types of mortgages available. I will list some of the more common ones and their uses.

How to Save Money by Using an Independent Commercial Mortgage Broker


Being a creature of habit can cost you plenty when it comes to applying for a commercial mortgage instead of going through an independent commercial mortgage broker. Let me tell you why.

Home Mortgage Loans For People With Bad Credit


Getting a home loan with bad credit has actually never been easier than it is today. Here are some tips to help improve your chances of success:Find A Good Real Estate Deal - If you can find a property that has some equity in it when you purchase it, you may have an easier time getting financing on that property.

Home Mortgage Loan Refinance - Benefits To Refinancing Your House Online


Here are some of the benefits to doing your home loan refinance online:Everything seems to happen faster - Online, when looking for a mortgage loan you can search around, fill out an application and a few minutes later, you can be receiving a pre-approval letter via email. There was no calling, no driving & no waiting on hold for an answer.

Essence of Self Certified Mortgages


Your search for a mortgage isn't leading results.Check for any impediments.

Follow A Few Simple Steps To Make Shopping For Your New Home Loan A Little Easier


It is likely to be one of the largest purchases of your life, and it can be extremely nerve racking and overwhelming. Buying a new home! Whether you are buying your first home, or moving to a new home; purchasing a home and shopping for home loans is a major decision that requires a lot of time and energy.

Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family


It can happen to anyone, the roof is leaking, the credit card bills are pilling up and it is almost time for a new car. But where are you going to get the money to do all of these things? The need for extra cash can be very frustrating and worrisome, however if you are a home owner you have a variety of financial options available to you that you may not even be aware of.

Home Equity Loans - There's Gold In That There House


To paraphrase an old familiar quote that goes "there's gold in them there hills, you could say, there's gold in that house. As Martha Stewart would say, "it's a good thing".

Interest Only Home Loan - Is It Right For You?


There are many benefits to interest-only mortgage loans. There are many situations where an interest-only mortgage loan could be best for you.

Cash Out Refinance Mortgage Loans - Home Equity, 2nd Mortgage or Cash Out Refinance Loan


There are some definite benefits to doing a cash out refinance. Just make sure that overall you are not going to be spending more money in fees and interest doing a cash out refinance as opposed to a home equity loan.

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.

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
A Rush Into Refinancing as Mortgage Rates Fall - New York Times

CEP News

A Rush Into Refinancing as Mortgage Rates Fall
New York Times, United States - 1 hour ago
Mortgage rates immediately dropped, and that led to a surge in mortgage refinancing activity for the week ? even with the Thanksgiving holiday. ...
Mortgage Refinance Applications Soar As Rates Fall EasyBourse.com
Homeowners' Refinancing Jumps by Record Pace Wall Street Journal
Treasury mulls plan to lower mortgage rates to 4.5% CNNMoney.com
San Jose Mercury News - Danville News
all 328 news articles
US MBA?s Mortgage Applications More Than Doubled Last Week - Bloomberg

Yahoo

US MBA?s Mortgage Applications More Than Doubled Last Week
Bloomberg - 18 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 145 news articles
Lower mortgage rates help but jobs, prices key - Reuters

Lower mortgage rates help but jobs, prices key
Reuters - 10 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. ...
Bally Total Fitness files for bankruptcy again - San Francisco Chronicle

Gothamist

Bally Total Fitness files for bankruptcy again
San Francisco Chronicle,  USA - 39 minutes ago
Refinance volume more than tripled, while purchase volume increased 38 percent. Refinances accounted for 69.1 percent of applications, up from 49.3 percent. ...
Thanksgiving week saw rise in mortgage activity Youngstown Vindicator
all 297 news articles
Geithner May Seek to Push Bair Out After Clashes During Crisis - Bloomberg

Boston Globe

Geithner May Seek to Push Bair Out After Clashes During Crisis
Bloomberg - 1 hour ago
... that contributed to the subprime mortgage mess. This year, Bair has proposed using taxpayer funds to help refinance loans for struggling homeowners. ...
Mortgage proposal has faced conflict Houston Chronicle
all 90 news articles
US Economy: Service Companies Shrink at Record Pace (Update1) - Bloomberg

US Economy: Service Companies Shrink at Record Pace (Update1)
Bloomberg - 13 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 - 9 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 - 13 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 - 4 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 - 9 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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