When NOT to refinance your home – ABC2 News The chance to refinance a mortgage at a lower interest rate is sure to get a homeowner’s attention. But it’s not always the right decision. Having bragging rights at the neighborhood picnic isn’t a reason to refinance. Instead, it’s good to put some … See today’s [...]
Latest News in Mortgages and Home Loans- Feb 10, 2009
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Latest News in Refinancing Home Mortgages – Feb 05, 2009
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Mortgage applications up as refinancing jumps – Reuters NEW YORK (Reuters) – U.S. mortgage applications rose in the last week of January, reflecting strong demand for home refinancing loans even as interest rates rose to their highest levels since early December, industry data showed on Wednesday. Home … Is now the time to refinance? – [...]
Latest News in Mortgages and Home Loans- Feb 03, 2009
February 3, 2009 By Leave a Comment
Is Your Mortgage Statement Correct? Right now, mortgages are in the news. A lot. From concerns that prime borrowers are the next wave of foreclosures (thanks to the fact that job loss is likely to result in a wave responsible people suddenly unable to make their payments) to the almost weekly drops in mortgage interest [...]
How to Double Your Home Equity
January 30, 2009 By Leave a Comment
How to Double Your Home Equity A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. Equity loans were produced to aid householders up the equity on their [...]
Latest News in Refinancing Home Mortgages – Jan 29, 2009
January 29, 2009 By Leave a Comment
House of cards – Toronto Sun VANCOUVER — Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to encourage spending on housing. While refinancing your mortgage at a lower interest rate … Mortgage Rates Up, Refinancing Applications Down – US [...]
Latest News in Mortgages and Home Loans- Jan 27, 2009
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Latest News in Refinancing Home Mortgages – Jan 22, 2009
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Falling interest rates spark increase in mortgage applications – Tampa Bay Bu… Michael Kelleher, loan officer for Residential Finance, takes a client call. Home refinancings are proving to be a bright spot in a tough banking market. With interest rates at near-record lows, mortgage applications have been increasing in numbers … Mortgage applications drop as [...]
Latest News in Mortgages and Home Loans – Jan 20, 2009
January 20, 2009 By Leave a Comment
FDIC Asks Banks to Report on How They Spent TARP Funds One of the biggest scandals of the economic bailout bill passed last fall has to with how the $350 billion set aside for banks through TARP funds was spent. The money was meant to be spent in helping Americans avoid foreclosure. It was supposed [...]
Latest News in Refinancing Home Mortgages – Jan 15, 2009
January 15, 2009 By Leave a Comment
Benchmark US mortgage rates hit record low – Financial Times The average rate for benchmark US mortgages fell to a record low level last week, according to the Mortgage Bankers Association. The 30-year fixed home loan rate averaged 4.89 per cent, below the previous all-time low of 4.99 per cent set in June … Mortgage [...]
