A Quick Look At Mortgage Refinance

by Ned Dagostino Mortgage refinance is an option most house owners look at from time to time. The big question they ask themselves is: Should I? ... to manage. You can refinance the mortgage and get a loan large enough to pay off all the small debts ... Well, that depends on the particulars of the case. Generally people go in for mortgage refinance [more...]

Date: 2009-01-16 04:05:52

Blog posts (12) | Videos (1)
 

Restorative Resolutions for 2009 and Beyond

With a campaign tag line, CHANGE WE NEED, President-Elect Barack Obama and a large portion of the American population should have some rather ... in a large part by our debt-based, growth-on-an-infinite-planet obsessed approach to capitalism? Or do we just try to refinance our house one more time, to take advantage of the latest Red Tag Sale? Here’ [more...]

Date: 2008-12-31 15:44:41

Medical debt adding to credit crisis and economic problems

For me this is one of the most disgraceful aspects of the Republican control in America ... led them to amass a pile of credit card debt and forced them to refinance the mortgage on their house ... where someone either went into debt or feared going into debt so opted for no health care or a bad [more...]

Date: 2008-10-30 05:57:01

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

Why You Should Not Refinance Just to Lower Your Payment

I keep talking with people who don't understand that a higher interest rate on a refinance can result in a lower payment even though the cost of ... (or a House) Based Upon Payment. There are all kinds of games lenders and loan officers can play ... loan five years ago for $300,000 at 6% on a thirty year fixed rate basis. Your payment [more...]

Date: 2008-10-18 14:47:33

Cheapest Remortgages

Cheapest Remortgages Posted by Dark Spider at December 28, ... necessary for a home owner to try and refinance a mortgage loan that he or she could have availed ... or expanding the house or even for debt consolidation. Lenders will have to assess a borrower [more...]

Date: 2008-12-28 12:08:00

The Daily Dozen

Is government spending too easy an answer? I think so.The incredible shrinking inauguration crowd ... announcements.With interest rates a 37-year low, should you refinance your mortgage? In a word -- yes.7 ... this for a while now. If the government had not been subsidizing housing through mortgage tax breaks [more...]

Date: 2009-01-12 13:16:00

Time to Refinance?

It’s a good thing I don’t have a job! Or else I’d be refinancing again… I think in the past 7 years, we’ve had 3 houses, and at least 8 mortgages! ... d break even in about 16 months. More about our mortgage is described in The Perfect Ten Year Mortgage. Here’s another good break even calculator. Where to Look for Best Rates If you are shopping [more...]

Date: 2009-01-15 14:29:45

A Fool's Errand: Stabilizing House Prices

Yesterday there was a news article on MSNBC that claimed 1 in 6 now owe more on their mortgage then their property is worth ... for borrowers in financial trouble to refinance or sell their homes and pay off their mortgage if their debt ... to Zillow the median household income in the area is about $46,000 while the median home price [more...]

Date: 2008-10-09 07:36:00

Pay a Prepayment Penalty Now, or Wait to Refinance?

Hi Dan wondering if you could help me out I'm getting a lot of different answers from a lot of people and I'm really searching for help I bought my house brand new (three years ago) for 550,000, and (the next year) I refinanced into a mta loan ... expires in (fifteen months) house just appraised for $775,00 balance on 1st loan 440,000 balance on 2nd [more...]

Date: 2008-12-25 16:11:28

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments ... . Have the Proper Debt-to-Income Ratio. In the housing boom, debt to income ratios (DTI) were pushing 50 ... your score. Have Equity in your Home. Like the subprime mortgage, 100% financing is generally no longer [more...]

Date: 2009-01-08 17:50:03

The White House Zillow Zestimate

My home being by far my most valuable asset, I wondered what the White House might be worth. After all, mortgage rates are the lowest they’ve ever been since Freddie Mac began its survey in 1971. The US government might be able to refinance - and pay off some of their higher debt [more...]

Date: 2009-01-08 01:35:44

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