Barriers and Problems Refinancing a Home Mortgage in 2009

My quest to refinance my home mortgage continues. Rates are around 5.00% with no points for a 30 year fixed, last I checked ... with a maximum amount, similar a credit card. You don’t receive a lump sum, but rather withdraw ... for private mortgage insurance (PMI) or take out a home equity line of credit (HELOC). Private Mortgage [more...]

Date: 2009-01-14 11:00:51

Blog posts (19) | Videos (7)
 

Get The Best Home Mortgage Loans

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... , receiving cash out at closing, and so many others. Since home loan refinancing would involve taking a new ... makes you uncomfortable, you can now obtain a loan, which needs minimal documents. The best way [more...]

Date: 2009-01-14 21:01:19

First Update of the Year

The Berg household hasn’t changed much in the past few months. Our days consist of working, spending time with family, friends and our animals ... : -Paying off Debt!! -Jonn to finish school -Refinancing home -Jonn and Becca’s Future Farm ... and not to argue about it (not like we did).  We both can’t wait to be debt free and we are on our way [more...]

Date: 2009-01-15 03:22:08

Tips a Home Owner Should Know Before Refinancing

by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate credit card debt at a lower interest rate. Homeowners should not consider real estate mortgage refinance as a way to pay for a vacation unless it will be your last, a new car or a boat. A good [more...]

Date: 2008-12-29 22:15:15

RON CAREY: “COUNTERPOINT: PAPER’S ARTICLE ON COLEMAN WAS SHAMEFUL”

“At a time when people across the country are tightening their belts, scrimping to get by and saving every dollar they can, ... on its front page Saturday. The article, titled ‘Norm Coleman: 1 house, 14 years, 12 debt terms,’ is a new ... on its valuable front page to post the history of Norm Coleman’s home refinancing and package [more...]

Date: 2009-01-14 13:54:06

Walking Away Relieved When Deals Were Rejected

The Philadelphia Inquirer reports from Pennsylvania. “This is supposed to be a buyer’s market ... , but don’t close a deal. Sellers sit and wait, confident that someone will pay their price - eventually.” ... We refinanced and took out a home-equity line of credit several years ago to help make ends meet [more...]

Date: 2008-11-21 15:50:35

Cash Flow Versus Balance Sheet Accounting in Real Estate

An email: Greetings, I've recently been pitched the idea of refinancing my home and investing in apartments, or more precise, a four-plex. The idea is to refinance and get a negative amortization loan on my house. With the money I pull out of my home, put a down payment on a four-plex, also with a negative amortization loan. That way [more...]

Date: 2008-11-26 17:38:33

Tips for Mortgage Refinancing and Debt Consolidation

Many people discover that their credit card debt is out of control when they get their monthly bank statement ... your balance over-the-limit fees. It’s time to consider debt consolidation to save your money - credit card balance transfer, home equity loan or mortgage refinancing. One of the best ways to obtain [more...]

Date: 2009-01-08 03:48:15

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... now, that's 50% equity even if you didn't have a down payment. So people who bought for $180,000 were refinancing ... $225,000, that's one loan at 6.25%, with a payment of $1089.82. This cuts $86.49 off the monthly [more...]

Date: 2009-01-08 09:54:12

Mortgage Refinance Loans Tips

by John Bear If you are already in the process of refinancing your home mortgage loan, ... and tolerance for risk. Here are several tips to help you select the right type for mortgage [more...]

Date: 2009-01-15 20:04:46

To Consolidate Credit Card Debt…

…with a home mortgage, you will generally be refinancing your property and taking cash out to pay off the debts. [more...]

Date: 2009-01-13 13:45:03

Ratchet Effect of Cash-0ut Refis Led to Financial Meltdown

A new working paper suggests that the combination of rising home prices, declining interest rates, and especially the near-frictionless refinancing opportunities available to homeowners virtually guaranteed a major systemic meltdown of the financial system.  The paper concludes that an independent organization similar to the National Transportation safety Board is needed to help avert a recurrence. Excerpts from Systemic Risk and the Refinancing Ratchet Effect Amir E. Khandani, Andrew W. [more...]

Date: 2009-09-29 18:47:55

Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

A Lot of Homes for Sale

A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... more refinancing. Rates began falling as the Federal Reserve launched an effort in late November to aid housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]

Date: 2009-01-14 20:25:48

Refinancing Your Property with Less Income Then You Had When You Bought

Hello, When my husband and I bought our home 2.5 years ago (two bedroom condo) we qualified for the loan ($250,000) based on both our incomes. Then I had a baby and stopped working. We've never missed a payment or even been late, and we're getting by just fine by being frugal [more...]

Date: 2009-01-12 14:37:32

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. But in other situations it’s better to get a cash back refinance mortgage loan. You can find out which loan is best for your situation by doing some simple math [more...]

Date: 2009-01-09 03:29:21

Stopping Home Foreclosure

A Foreclosure Prevention Service has numerous ways it can help you deal with the foreclosure process ... when homeowner makes satisfactory arrangements to bring the overdue mortgage payments current. Loan ... time. Mortgage Refinancing: In most cases, once foreclosure has started, homeowner [more...]

Date: 2009-01-15 04:37:09

Things I Learned When I Refinanced My Home

Some days I feel like a home refinancing expert. I’ve refinanced my home twice in the last three years to take advantage of attractive interest ... , I called my local banks, credit unions, and savings and loan companies. I also checked interest rates ... to the interest rates on many credit cards. In addition to looking for a lower interest rate, people [more...]

Date: 2009-01-15 01:31:07

19 Results