A mortgage refinance can be intimidating, but it doesn’t have to be if you understand and avoid common pitfalls that homeowners should all be aware of.
One of the best ways to improve your finances is to cut your recurring monthly expenses. Refinancing is one of the biggest money savers you’ll find.
Have you refinanced your mortgage in the past year or so? If not, you may want to get started now, and here’s why…
A month or two ago I heard about the Obama Administration’s “Making Home Affordable” refinance program. At the time we had already tried to refinance our mortgage once in January or February, and had decided not to proceed because it would have meant that we would have to start paying PMI on our mortgage. With […]
We’ve written several posts on this site in recent weeks about the Making Homes Affordable program. The program was originally intended to help stem the tide of foreclosures that we’re seeing right now, and to help our ailing real estate markets. The program aimed to do this by helping homeowners with high interest rates to […]
For a while now we’ve been talking about the Obama administration’s Making Homes Affordable Refinance and Loan Modification program. We looked at who was eligible for the program, and what you needed to do in order to push through your own refinance or loan modification. According to the administration the plan was going to be […]
The article was written by Brandon Laughridge of Mortgage Loan Place, a writer for MLP’s Mortgage Loan Blog. If you enjoy this article, you cansubscribe to the MLP RSS Feed! The government is trying to re-energize the stagnant housing market, and that’s making FHA loans more attractive than ever. Headlines have pulsed this week with […]
Last month after reading up on the Obama Administration’s new “Making Home Affordable” refinance program, I decided to look into it for our household. We’re sitting on a 6.5% 30 year fixed rate mortgage right now, and we’d like very much to be able to refinance that loan into a lower APR. With rates this […]
After realizing that even a modification on a first mortgage won’t help some people if their second mortgage is still too high, the government expanded the Making Home Affordable loan modification program last week. The program was updated to cover second mortgages and liens. I know this was something that a lot of people had […]
This is an article by Neal Frankle. Neal found himself in a financially fragile situation at the age of 17. Both his parents passed away while he was still in high school, leaving behind a small insurance settlement. Neal sought out a financial advisor to help him invest his nest egg so that it would […]
I’d like to do a quick rundown of the question “to refinance or not to refinance,” which seems to be plaguing everyone right now. It’s a timely topic for sure. Rates are down and we’d all like to save a buck or two, but when you add in closing costs, how do you know if […]
People Are Hoping To Avoid Foreclosure Through Loan Modification This post series started a few days ago with a look at the “Making Home Affordable” program that the Obama administration passed earlier this year. In that post I gave an overview of the program, what it is designed to do, and who will qualify for […]
Lots Of People Looking To Refinance A couple of days ago I did a pretty long post talking about the new “Making Home Affordable” program that the Obama administration passed earlier this year. In that post I gave a 10,000 foot view of the plan, what it is designed to do, and who will qualify […]
The last few days I’ve been hearing an awful lot about the Government’s new “Making Home Affordable” program, which has been set up to help people refinance existing mortgages, or do a loan modification to help them to stay in their house. The government’s website explains what the program is meant to do: Making Home […]