Subprime Refinancing Continues

July 5th, 2009

The new Home Affordable Refinance Program has increase the borrowing limits to 125% of current house values. Homeowners now have an option to borrow more or face foreclosure.

The 125% loan-to-value (LTV) encourages more borrowing from house owners who maybe already be underwater as compared to the original refi programs offered by Fannie Mae or Freddie Mac with a 105% LTV.

http://www.housingwire.com/2009/07/01/hud-expands-home-affordable-refis-to-125-ltv/

Leave your comment »

Posted in Refinance

Mortgage Applications Drop by 18.9%

July 2nd, 2009

Mortgage applications and refinancing activities dropped from the prior week according to Mortgage Bankers Association (MBA).

http://www.marketwatch.com/story/week-to-week-mortgage-applications-off-189-mba

Leave your comment »

Posted in News

Low Interest Rates Lead to Refinancing

July 1st, 2009

Lower interest rates are the best time to refinance, and to get more serious about buying a home. Article does a good job on explaining how the refinancing, and mortgage ecosystem works when interest rates become lower.

http://www.businessreport.com/news/2009/jun/30/taking-plunge-fnc1/

Leave your comment »

Posted in Refinance

A Quick Look into Why Refinance

July 1st, 2009

Refinancing mortgages is never easy. You have to explore all the options available to you, and weigh the pro and cons based on cost benefit analysis. Fortunately, you will find a lot of useful information on the internet today.

http://www.examiner.com/x-13480-Phoenix-Real-Estate-Examiner~y2009m6d30-Should-I-refinance–the-science-of-benefit-to-borrower

Leave your comment »

Posted in Refinance