The Best Time to Refinance A surprise interest-rate drop in January spurred a record number of homeowners to refinance. What you should know when rates fall again. Illustration: Chris Gash By: Anya Martin February 27th, 2015 The Wall Street Journal When mortgage broker Mathew Carson saw interest rates fall unexpectedly in January, he picked up
Read more %1$sIn a Divorce, How One Spouse Can Keep the House
By Anya Martin In a divorce, the house is often the biggest asset the couple will divide—and splitting it is a complicated matter. When one spouse wants to keep the house, the other often wants off the mortgage. Refinancing the loan in one name is the typical solution, but it’s not always easy. If a
Read more %1$sFannie Mae Loan Lookup
Looking to Refinance, Modify Your Mortgage or Avoid Foreclosure? Know Your Options by Checking Here First. This tool helps you quickly determine if Fannie Mae owns your loan. If Fannie Mae does, you may be eligible for programs designed to make your mortgage more affordable—like the Home Affordable Refinance Program (HARP) or the Home Affordable Modification Program (HAMP)—or for
Read more %1$sStudy: Consumers taking out reverse mortgages earlier
Borrowaers risk running out of resources later in life By Eileen Ambrose, The Baltimore Sun Much of the wealth of millions of baby boomers is tied up in their houses — a sure sign we’re going to see a growing demand for reverse mortgages. These mortgages allow older homeowners to drain the equity in their
Read more %1$sThe scoop on reverse mortgages
By Mary Lindsleystltoday.com Reverse mortgages have been getting a lot of attention lately, perhaps because they seem like a great deal: You convert some of the equity in your home into cash, and you don’t have to pay it back until you sell the home. This type of loan can be beneficial, but first, do
Read more %1$sPay off Home Faster With a Cash-in Refinance
Don Taylor Pay off Home Faster With a Cash-in Refinance Article http://www.foxbusiness.com/ The appraised value of your home limits how much you can borrow. It’s your income that limits whether or not you can afford a 15-year mortgage. I’m going to assume it’s the appraisal issue that’s keeping you from refinancing. Otherwise, you could refinance
Read more %1$sNortheast Faces Home Sale Delays From Irene
Kerri Panchuk Northeast Faces Home Sale Delays From Irene Article http://www.housingwire.com/ Damage from Hurricane Irene could make it difficult for homeowners in the Northeast to close on pending home refinancing and mortgage purchase applications. Read Article | Comment it
Read more %1$sBorrower’s Closing Costs Example (Refinance)
WEST VIRGINIA Borrower’s Closing Costs Example (Refinance) Loan Amount: $145,000.00 Attorney’s Fees (Title Exam, Closing, Etc.) $450.00 Lender’s Title Policy Premium $391.00 Owner’s Title Policy Premium $580.00 Recording Fee (Deed of Trust andReleases) $52.00 Courier $25.00 Wire $35.00 Edoc $15.00 Total Estimated Closing Charges: $1,548.00
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