Bank Failure Friday: Omni National Bank It’s turned into kind of a joke: “Failure Friday” has become a staple on many finance and mortgage blogs. Friday seems to be the day that regulators seize failing banks, and in the current climate, some people really like to hear about these failures. Failure Friday is almost an [...]
Latest News in Refinancing Home Mortgages – March 26, 2009
March 26, 2009 By Leave a Comment
Refinancing Boosts Mortgage Applications – Tampa Bay Online WASHINGTON – Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. The Mortgage Bankers … Mortgage applications surge in week – Boston Globe WASHINGTON – Mortgage applications [...]
Re-Financing with an Interest Only Mortgage
March 24, 2009 By Leave a Comment
Re-Financing with an Interest Only Mortgage Mortgage refinancing is the process of paying off one loan with the proceeds from a new loan, using the same property as security. People choose to refinance their home when current rates are lower than their preexisting rates on a particular home loan. Interest only mortgages are a comparatively [...]
Latest News in Refinancing Home Mortgages – March 19, 2009
March 19, 2009 By Leave a Comment
Sacramento homebuyers rush to refinance at lower rates – Sacramento Bee Lower borrowing costs triggered a new spike in U.S. mortgage applications last week as borrowers ? including thousands in California and the Sacramento region ? rushed to refinance home loans. Sacramento loan consultant Dennis Graves said most … Mortgage rates likely to fall today [...]
Latest News in Refinancing Home Mortgages – March 12, 2009
March 12, 2009 By Leave a Comment
Florida has high hopes for Barack Obama’s home foreclosure plan – Fort Lauder… MESA, Ariz – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. Announcing the plan in … [...]
Latest News in Refinancing Home Mortgages – March 05, 2009
March 5, 2009 By Leave a Comment
Many in Mass. may get mortgage help – Boston Globe More than 100,000 Massachusetts homeowners who cannot refinance at current low rates because of falling property values may now be able to do so as part of the Obama administration’s housing plan. The administration yesterday released new details … Answers on Obama’s mortgage relief plan [...]
Latest News in Refinancing Home Mortgages – Feb 26, 2009
February 26, 2009 By Leave a Comment
Mortgage applications decline as refinancing eases – Philadelphia Inquirer WASHINGTON – Mortgage applications fell last week, as refinancing activity slowed. The Mortgage Bankers Association said Wednesday its weekly application index fell 15.1 percent for the week ended Feb. 20. The index came in at 743.5, down from 875.3 … Mortgage applications drop 15.1% – Boston [...]
Latest News in Refinancing Home Mortgages – Feb 19, 2009
February 19, 2009 By Leave a Comment
How Barack Obama’s housing plan might help you – Hartford Courant A Strapped borrowers who have existing conforming loans can apply for a refinance through their existing lender. If they meet the program requirements, including that they occupy the home and can document their income, their lender may be able to … Mortgage applications climb [...]
How to Find a Good Equity Company
February 13, 2009 By Leave a Comment
Latest News in Refinancing Home Mortgages – Feb 12, 2009
February 12, 2009 By Leave a Comment
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 [...]
