Mortgage & Refinancing Information

Applying for a Home Loan


Applying for a home loan may not be the most exciting way to spend your time, but if you are like many potential homeowners, it is probably a necessary evil. If you have some knowledge of the process ahead of time, however, it will go much more smoothly.

5 Tips for Savvy Use of Your Home Equity Line of Credit


Tapping your home's equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common place. Many economists attribute the additional buying power afforded consumers through home equity debt as a primary reason the nation's economy has been able to emerge from the recent recession.

Decision Time: Home Equity Loan or Home Equity Line of Credit?


Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002.

10 Things to Look for in a Home-Equity Line of Credit


If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash reserves for emergencies, or pay for large expenses (like college tuition or home improvements) that have irregular payment schedules.

Using a Home Mortgage Calculator


There are a variety of tools online that you can use to determine how much you can afford to pay for a home, how much the monthly payment will be based on the sale price of a home, and calculators to tell you whether it is better to rent or buy based on your personal situation. Using a home mortgage calculator online doesn't cost any money, and can be an extremely useful tool in your preparation and research for buying a home.

Obtaining a Home Equity Loan Online


Private lenders, banks, and mortgage companies are all setting up shop on the internet, and all make it possible to obtain a home equity loan online. Competition between lenders is stiff, so be sure to check a few companies that offer applications about their rates, products, and customer service.

Preventing Foreclosure Proceedings and Understanding Your Options


Every year over 8 million homeowners are seeking help preventing foreclosure proceedings. This is a stunning 30 year high.

How To Save Money On Your Mortgage


Obtaining a home loan is arguably the most expensive transaction you'll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing.

Be Prepared With Your Home Equity Loan Checklist


A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral.

Mortgage Free In 15 Years!


Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.

Little Known Secret: Eliminate your Mortgage in 23 years or less!


Wanna know a little secret? There is an ingenious method you can use, to pay off your 30 year fixed rate loan, in 23 years or less. It's straightforward, simple, and easy to understand.

Is an ARM Right For You?


Let's start by taking a look at 7 key elements of an adjustable rate mortgage:1) ARM defined: While a fixed rate loan is constant and never changes throughout the life of the loan, an adjustable rate mortgage changes periodically. The interest rate of an ARM goes up and down based on whatever external index it is tied to.

Top 10 Things to Consider on Home Loans


Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of Loans-Directory.Org:Down-PaymentFixed Versus Adjustable RateAPRLoan TypesLoan Amount Qualification, IncomeLoan Amount Qualification, ExpensesEmployment and Credit HistoryPointsSub-Prime LoansShort-Forms1.

Online Mortgages in 5 Easy Steps!


We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance.

Mortgage: For Those Twilight Years


Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to help out the widow of his high school football coach. Today that small act has developed into a popular financing option for the senior citizens.

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MORE RESOURCES:

Mortgage Refinance in Today's Real Estate Market
King of How To News
Mortgage refinance is a lifesaver for many homeowners, who can't afford the large monthly payments that come with 15-year plans. Thanks to low current rates, switching over to a 30-year plan can mean much smaller monthly mortgage bills.

and more »


New Zealand Herald

Time to Refinance While Mortgage Rates are So Low
FreeRateUpdate.com
This is evidence that mortgage refinance applications for traditional conforming mortgages are still on the rise. Record low conforming mortgage rates are drawing in current borrowers who are looking to save and put more money in their pockets.
Refinancing Up as Rates Keep FallingMortgageLoan.com
Record-Low Mortgage Rates : Theory Vs. PracticeThe Mortgage Reports
BNC National Bank (Lincoln Location)Lincoln Journal Star

all 106 news articles »


Obama's Disclosure Shows Mortgage Refinance Not High on Agenda
San Francisco Chronicle
May 16 (Bloomberg) -- While President Barack Obama has cited the financial relief available to homeowners by refinancing at low-interest rates, he and his wife weren't among Americans who sought out a lower-cost loan last year.

and more »


Eastern Morning Herald

Mortgage refinancings up for third week
Washington Business Journal
Record low mortgage rates continue to attract existing homeowners looking to lower their monthly mortgage payments, with mortgage refinance applications up for the third consecutive week, according to the Mortgage Bankers Association.
Current Mortgage Rates for Wednesday, May 23, 2012Mortgage Rates & Trends (blog)

all 34 news articles »


King of How To News

Mortgage Refinance Popular; Homebuying Not
King of How To News
Mortgage refinance is more popular than ever, with many homeowners saving a bundle by switching their 30-year loans to 15-year plans and vice versa. According to Freddie Mac, 15-year mortgage rates averaged 3.05 percent during the first part of May, ...
Mortgage Rates: Low Mortgage Rates Remain as President Proposes Refinancing ...FreeRateUpdate.com

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OCHOPC Presents a free Mortgage Refinance Assistance event Tomorrow in Santa ...
LoanSafe
(LoanSafe.org)– This is a completely free event for homeowners who are falling behind on their monthly mortgage payments. Come if you fall under this category, to learn about refinancing your mortgage and the HARP program. Many homeowners pay their ...

and more »


Apply Again for a Mortgage Refinance After Denial
FreeRateUpdate.com
Even today, mortgage refinance applications are still up and providing existing borrowers the opportunity to obtain the current lower mortgage rates available. Applying again for a mortgage refinance after receiving a denial is a must for existing ...

and more »


Mortgage Refinances That Make Sense
FreeRateUpdate.com
In order for a mortgage refinance to make sense, there must be some type of significant improvement for the homeowner. The available and offered mortgage rate must be lower to recognize a savings in the monthly mortgage payment.

and more »


Mortgage Rates: Low Mortgage Rates Driving Up Mortgage Refinance Applications
FreeRateUpdate.com
Low mortgage rates are driving up mortgage refinance applications which rose 13.0% for the week ending May 11th. According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, refinancing represented 74.9% of all mortgage ...

and more »


e-wisdom.com

Refinancing homeowners overwhelmingly choose fixed loans
e-wisdom.com
According to Freddie Mac, fixed-rate loans made up more than 95 percent of all mortgage refinance loans in Q1. The fixed-rate choice came regardless of whether the original loan was of the fixed or adjustable variety, Freddie Mac said.
Realtors(R) Offer Support for Bill to Help Responsible Homeowners RefinanceMarketWatch (press release)

all 262 news articles »

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