Posts Tagged ‘mortgage’
What to Know Before You Refinance
The federal reserve rate drop has enticed more homeowners to refinance their existing mortgages. Mortgage News Daily reports the refinance index increased 144 percent over the save week one year ago. Mortgage applications are up 1.5 percent from the previous week, mostly from refinance applications. Bottom line, if borrowers haven’t been able to find their…
Read MoreIt’s a Great Time to Refinance
Mortgage rates have fallen. This is a GREAT time to refinance, and lock in savings before the holiday leaves you strapped for cash. Think of what you can save by locking into lower rates today. Why Refi Your interest rate sets the cost of your mortgage loan. You borrowed money and agreed to repay the…
Read MoreDitech Reverse Mortgage Solutions Sale Approved
ReverseEasy.com We can help you find the right lender for your reverse mortgage needs. ReverseEasy.com wants to share some reverse mortgage news. We want to help you find the right reverse mortgage lender for you. Sometimes that means sending you to another lender. Today we learned that reverse mortgage lender Ditech Holding’s bankruptcy court judge…
Read MoreHidden Housing Crisis
In the housing crisis over a decade ago, the government stepped in with mortgage loan modification plans to mitigate the U.S. housing crisis. It looked like the federal government saved the day and that the recession would soon be gone. A Mortgage loan modification permanently changes the terms of the mortgage loan. This could be…
Read MoreRefinance=Remodel=Joy?
A home remodel yields higher home values, improved funtionality, and now a new factor.
Read MoreMortgage Rates are Creeping Higher
Home sales are reportedly strong; political headlines indicate an uncertain future. The result? Interest rates are rising. The shift in the bond market was swift. That kind of change is usually based on weak economic data or politics clearly implicating economic negativity. Turnarounds based on less concrete indicators may mean traders are willing to drive…
Read MoreInterest Rate Drop: Should I Refinance Now?
Should you refinance NOW? Sept 18, 2019, the Federal Reserve announced a federal funds rate cut of .25% or 25 basis points. The immediate results of this is that funds to banks will cost less, which hopefully will affect the interest rate your bank will offer you, as a borrower. But your bank lending rate…
Read MoreWhen Your Lender is Threatening to Take Your Home, Fight Back
When you miss payments on your mortgage you can go into default. Your lender may then begin the foreclosure process. Normally, in NY your lender would send out an acceleration notice. demanding payment of the entire outstanding loan balance. While this is frightening, if the homeowner can pay the missed payments, the bank may agree…
Read MoreFHA Protects Borrower from Themselves
Just because you can refinance doesn’t mean you should refinance. What did you say? In the last few years, more borrowers have been refinancing their FHA mortgages to extract cash from their home equity. This is a worrying trend, since massive cash out refinances preceded the 2009 housing market crash, leaving many homeowners trapped in…
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