Refi Post

Refinance Calculator

Leo — Wed, 15 Jul 2009 19:56:20 +0000

if (WIDGETBOX) WIDGETBOX.renderWidget('d00c73cd-7c10-4c28-9bd4-f192140742a7');Get the Refinance Calculator widget and many other great free widgets at Widgetbox!

What are Mortgage Rates Linked To?

Leo — Tue, 30 Jun 2009 19:50:06 +0000

Many people are misinformed about how mortgage interest rates are determined. The disbelief lies in a misconception that mortgage interest rates are tied to the Treasury 10 year bond. Well… that is completely false. Mortgage interest rates are linked to the trading of mortgage backed securities. Tracking mortgage backed securities can be done by examining [...]

Mortgage Rates Lower This Week

Leo — Fri, 26 Jun 2009 20:14:11 +0000

After a couple of brutal weeks, all signs now point to mortgage backed securities (MBS) rallying and mortgage rates heading lower. It means that many homeowners looking to refinance and those looking to purchase a new home will benefit from lower mortgage payments. Changes in mortgage interest rates are attributed to the change in price [...]

Obama’s Refinance Plan: What it Means for Your Mortgage

Leo — Thu, 25 Jun 2009 19:27:17 +0000

June 25, 2009 WASHINGTON D.C. — A perfect storm for home buyers that brings with it a large decline in home values denying many homeowners the right to refinance to a lower rate. All around the United States millions of homeowners are underwater on their homes and can not refinance. Obama’s new plan, Homeowner Affordability [...]

6 Mistakes To Avoid When Refinancing Your Mortgage

Leo — Tue, 23 Jun 2009 20:02:23 +0000

Mistake 1 Make sure the loan officer that you are working with is qualified to help you with mortgage refinance: The same way you ask loan officers for their rates, ask them about what experience they have, whether they are licensed or not, and do they hold any industry certifications. It’s true that many states [...]

Managing Mortgage Costs

Leo — Tue, 23 Jun 2009 21:23:49 +0000

Owning a home means money management and good sense. The first step is to sit down and take a hard look at your finances. Then decide to purchase a home where the down payment and mortgage will be what you can afford. Stay well within your means. If possible consult a finance professional and consider [...]

Understanding What Reverse Mortgages Are And Who Can Gain From Them

Leo — Tue, 23 Jun 2009 21:20:08 +0000

Reverse mortgages are becoming more readily available and popular as a financing option, particularly in the United States. These mortgages are generally used by older people who have accumulated a substantial amount of equity in their home. Most lenders require the borrower to be at least 62 years of age. Reverse mortgages are a good [...]

Mortgage Terms and Definitions

Leo — Tue, 23 Jun 2009 21:10:22 +0000

The mortgage process can be a little confusing if you aren’t familiar with the terms used in the process. To help you out, here is a list of terms with corresponding mortgage definitions. Broker: An independent mortgage professional that oversees the entire home loan process. Lender: The business entity providing and funding the home loan. [...]