Tag Archive: Refinance

With 30-year mortgage rates falling, is it time to refinance?

December 2, 2014 by Leave a comment

In October, 30-year mortgage rates fell to levels last seen in June 2013. It all started in the week of October 16, when the bellwether rate hit 3.97 percent, according to Freddie Mac, down from the previous week’s 4.12 percent. The decline didn’t stop there. In the following week, the rate fell to a 3.92... View Article

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Five Refinancing Tips for the Self-Employed

October 8, 2014 by Leave a comment

Homeowners refinance their home loans for numerous reasons with many seeking an improved rate and a lower mortgage payment. But whatever your reasons are, being self-employed is going to make the process more challenging. This comes as mortgage lenders find this group carrying greater risks thanks to their inconsistent income. If you’re self-employed or a contract... View Article

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HARP 3.0: What Is It? How Will It Help You Refinance?

October 3, 2014 by 3 Comments

For more than a year, an expansion to the Home Affordable Refinance Program (HARP) has been in the works, with the bill still sitting idle in the legislature. President Barack Obama reportedly introduced HARP 3.0, which has been labeled “A Better Bargain for U.S. Homeowners.” As the mortgage industry eagerly awaits news about HARP 3.0,... View Article

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Refinance Risks 101: What You Should Know Before You Start the Process

September 22, 2014 by Leave a comment

With low interest rates and a sluggish economy, many homeowners may be considering refinancing as an alternative to buying a new home. Nationwide, homeowners stand to save money and pay less interest by taking advantage of low interest rates. However, refinancing has a few risks for borrowers that range from paying too much to losing... View Article

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Shorter-Term Mortgages: 3 Benefits to Refinancing

September 10, 2014 by Leave a comment

Earlier Payoff, Less Interest and Owning Your Home Sooner Whether it’s paying off our monthly mortgage–or even any monthly bill–many of us are always looking for ways to reduce expenses. As a homeowner, one way to do so is through refinancing your 30-year mortgage. You’ll find taking this action, benefits will follow. But before you... View Article

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Excessive Loans? When Refinancing Your Home to Free up Cash Makes Sense

September 5, 2014 by Leave a comment

To some homeowners, the idea of refinancing their mortgage seems a little daunting. The process is akin to buying your house all over again. Paperwork, credit checks, an appraisal, and closing costs are all aspects of the loan origination process that can complicate the answer to whether refinancing makes sense. For those unfamiliar with the term, refinancing simply... View Article

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