Subprime Refinancing Continues

July 5, 2009 No comments »

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/

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Posted in Refinance

Mortgage Applications Drop by 18.9%

July 2, 2009 No comments »

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

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Posted in News

Low Interest Rates Lead to Refinancing

July 1, 2009 No comments »

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/

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Posted in Refinance

A Quick Look into Why Refinance

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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

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Posted in Refinance

Saving Money on Mortgages

June 29, 2009 No comments »

Wharton School professor gives a brief lesson on saving money on mortgages. Answers to questions of when to refinance, and when to make extra payments. At the end, it is all about playing the game better than others.

http://www.boston.com/realestate/news/articles/2009/06/29/secrets_to_saving_money_on_mortgages/

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Posted in Mortgages