Archive for 'Refinancing'
Should I refinance if I’m already a few years into my mortgage?
In my communication with customers who are considering a refinance mortgage I can often sense a general sense of reluctance to “restart” their mortgage on a new 30 year or 15 year amortization schedule. Sometimes I get asked questions such as “If I refinance won’t I lose all those payments that I’ve already made?”. The [...]
Posted: April 10th, 2012 under Refinancing.
Tags: impact of making same payments on refinance mortgage, Refinancing, refinancing when I'm already into my mortgage
Comments: none
Cashing-out a home owned free-and-clear
In 2011 Fannie Mae eased it’s cash-out refinancing restrictions to allow home-buyers who purchase a home with all cash to replenish their funds with a “cash-out” refinance as soon as a day after closing on the original purchase. Background: Prior to this home-buyers were not eligible to apply for a cash-out refinance inside the first [...]
Posted: January 9th, 2012 under Refinancing.
Tags: cash-out refinancing, FNMA Delayed Financing
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Quoted in the Oregonian again
I was quoted in this morning’s Oregonian again in an article about President Obama’a announcement yesterday about expanding qualifying guidelines for the Home Affiordable Refinance Program (HARP). You can see the article HERE.
Posted: October 25th, 2011 under Refinancing.
Tags: evan swanson in media, evan swanson in oregonian, media appearance by evan swanson
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How to correctly evaluate a refinance
I read THIS ARTICLE in the NY Times over the weekend in which a couple financial advisers explain how homeowner’s should evaluate whether or not it makes sense to refinance. Here is the summary directly from the article: “…homeowners will need to determine their closing costs and monthly savings. Divide closing costs by savings; that [...]
Posted: September 20th, 2010 under Refinancing.
Tags: correctly calculating a refinance, does it make sense to refinance?, how to calcualte the savings on a refinance
Comments: none
Fixed mortgage rates hit all time low!
It’s official, each Thursday Freddie Mac releases it’s weekly survey of “average” mortgage rates across the country (which is syndicate on this blog in the left hand column). This week the 30 year fixed rate hit 4.44% which is the lowest since they started keeping track in 1971. Let me know if you’d like a [...]
Posted: August 12th, 2010 under Refinancing.
Tags: Refinancing
Comments: 1
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 [...]
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 [...]
Posted: October 15th, 2008 under General Mortgage Info., Refinancing.
Tags: pay-off amount, principal amount, refinance a mortgage, refinance information, Refinancing
Comments: none
