Today, America has an estimated 10.9 million underwater homeowners, all of whom are desperate for a way to alleviate their financial burdens. With 30-year mortgage rates at 4.09 percent, the lowest rates in at least 50 years,...
Category: Refinancing
Last week, the regulators for Fannie Mae and Freddie Mac announced a series of new actions to further the Obama administration’s mortgage refinancing program. Chief among these was a proposal that would force more borrowers...
Today, every person you speak with, and every news article you read, will suggest that Americans are worried about their finances. In the current economy, as more and more Americans are facing unemployment, the depreciation...
22 Sep, 2011
Costly Refinancing Mistakes #3
Refinancing a mortgage should be a fairly straightforward process. In this market, however, it has become increasingly difficult to pin down the real value of a home. Disagreements between borrowers and lenders over home...
21 Sep, 2011
Costly Refinancing Mistakes #2
Today’s housing market is currently in a period of prolonged decline and foreclosures have hit all time highs. In many areas home value has stabilized, but failure to read the writing on the wall can be an expensive...
