Archive for 'Refinancing'
Signs of Deleveraging-post #6
It’s been well over a year since I’ve posted anything about deleveraging but this article in the NY Times over the weekend caught my eye. Deleveraging is a phenomenon we’re seeing across the US economy where households and corporations are paying down debt in the wake of the subprime crisis. Part of the reason for [...]
Posted: June 7th, 2010 under Refinancing.
Tags: 20 year mortgage, deleveraging, personal finance trends June 2010, signs of deleveraging
Comments: none
Reminder: No Closing Cost Refi’s are a great deal
If you haven’t been paying attention then you probably are not aware that fixed rate mortgages are back near historic lows. The WSJ published this article over the weekend explaining that 30 year fixed rate mortgages are back near the lows of 2009 and 15 year fixed rate mortgages are lower than they were last [...]
Posted: May 24th, 2010 under Refinancing.
Tags: advice on refinancing, no closing cost refinances, no closing costs, portland mortgage professional, refinancing without cost
Comments: none
Fed’s expand housing-rescue refinance program
The Obama Administration announced yesterday that they were expanding the criteria for homeowners who wish to refinance their existing mortgage under the housing-rescue program. The program, which is known as refi plus in our industry, is now allowing homeowner’s whose mortgages are now worth up to 125% of the home’s current value to refinance under [...]
Posted: July 2nd, 2009 under General Mortgage Info., Refinancing.
Tags: home resuce program, obama administration, refi plus, Refinancing
Comments: none
Good article in WSJ.com about refi’ing
After being gone for 6 months Tina and I landed on US soil on Wednesday AM in LAX. Upon landing I couldn’t wait to get my hands on two things that are scarce overseas- filtered coffee & the WSJ. I was able to acquire both shortly after clearing customs (suckers).
Anyways, in the Wednesday edition James [...]
Posted: June 26th, 2009 under General Mortgage Info., Refinancing.
Tags: james b. stewart article, Refinancing, simplify mortgage process
Comments: none
Refinancing: principal balance is different from pay-off amount
Are you considering refinancing your existing mortgage? If so you may be interested to learn that the amount of money it will take to satisfy your existing mortgage (known as the “pay-off amount”) will be MORE than the principal amount you owe. Why?
Your existing mortgage lender will not only request that you pay-off the principal [...]
Posted: October 15th, 2008 under General Mortgage Info., Refinancing.
Tags: pay-off amount, principal amount, refinance a mortgage, refinance information, Refinancing
Comments: none
Federal Reserve Board sets up new website on refinancing
The Federal Reserve Board recently created this website which is designed to help consumers evaluate whether or a refinance of their existing mortgage makes sense. Typically I am skeptical of the Federal Governments ability to simplify this process for consumers. After all they were the ones who brought us the Good Faith Estimate & Truth [...]
Posted: September 1st, 2008 under Debt, General Mortgage Info., Personal Finance, Refinancing.
Tags: cash-out refinancing, Federal Reserve Board, Refinancing
Comments: none
Reverse Mortgages and the 2008 Housing Bill
As I’ve written about multiple times in this blog the 700-page 2008 housing bill has many differnet provisions embedded in the law. Although I don’t do a lot of reverse mortgage business I wanted to at least provide a link to an article which summarizes how these loan products were impacted by the 2008 housing [...]
Posted: August 10th, 2008 under General Mortgage Info., Mortgage Programs, Refinancing, Reverse Mortgages.
Tags: 2008 housing bill, Reverse Mortgage
Comments: none
Refinancing when your home has recenlty been listed
Has your home recently been listed for sale? If so, did you know that by having your home listed for sale your ability to refinance your mortgage is severely limited?
95% of banks will not lend on homes that have been recently listed for sale because they are concerned that the home might go back up [...]
Posted: June 6th, 2008 under General Mortgage Info., Mortgage Qualification, Refinancing.
Tags: recently listed property, Refinancing
Comments: none
Article about debt snowball pay-off for consumer debt
Here’s an article I read recently:
During my twenties, I accumulated nearly $25,000 in consumer debt. I had a spending problem. With time, I was able to get my spending under control (mostly), but I still owned overwhelming debt. How could I get rid of it?
The personal finance books all suggested the same approach:
Order your debts [...]
Posted: April 16th, 2008 under Debt, Personal Finance, Refinancing.
Tags: pay-off debt, paying down debt, Refinancing
Comments: none
Thinking about refi’ing? Read this first….
The purpose of this article is to give consumers a guide for determining whether or not a proposed refinance makes financial sense for them. Through my interactions with many of my clients over the years I’ve found that much of the population is left confused when evaluating mortgage refinance options. I hope that I can [...]
Posted: March 26th, 2008 under Debt, General Mortgage Info., Personal Finance, Refinancing.
Tags: Refinancing
Comments: 1
