http://www.biggerpockets.com/renewsblog/2009/01/05/mortgage-markets-review-january-5-2008/ Learn, Network, Invest Tue, 24 Nov 2009 06:18:45 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2009/01/05/mortgage-markets-review-january-5-2008/comment-page-1/#comment-63119 Caitlyn Howells Wed, 07 Jan 2009 20:10:48 +0000 http://www.biggerpockets.com/renewsblog/?p=3316#comment-63119 I'd love to refinance my home right now as I am on a locked in rate that is much higher than current rates. The only problem is my penalty on my current mortgage runs to thousands of $$ which means I can't actually afford to refinance. I'm pretty sure there are others in the same position. I’d love to refinance my home right now as I am on a locked in rate that is much higher than current rates. The only problem is my penalty on my current mortgage runs to thousands of $$ which means I can’t actually afford to refinance. I’m pretty sure there are others in the same position.

]]> http://www.biggerpockets.com/renewsblog/2009/01/05/mortgage-markets-review-january-5-2008/comment-page-1/#comment-63108 Steve Heideman Tue, 06 Jan 2009 22:39:36 +0000 http://www.biggerpockets.com/renewsblog/?p=3316#comment-63108 That is actually not true. The vast majority of folks have sufficient equity in their home to refinance. At my company--which does loans in all 50 states, we only have to turn down about 1 in 8 folks for insufficient equity. Remember--the media is not your friend. They sensationalize reality in order to sell more papers! Talking to a knowledgable professional is the best way to understand what is truly going on in your marketplace! That is actually not true. The vast majority of folks have sufficient equity in their home to refinance. At my company–which does loans in all 50 states, we only have to turn down about 1 in 8 folks for insufficient equity. Remember–the media is not your friend. They sensationalize reality in order to sell more papers! Talking to a knowledgable professional is the best way to understand what is truly going on in your marketplace!

]]> http://www.biggerpockets.com/renewsblog/2009/01/05/mortgage-markets-review-january-5-2008/comment-page-1/#comment-63107 mn Tue, 06 Jan 2009 22:28:53 +0000 http://www.biggerpockets.com/renewsblog/?p=3316#comment-63107 Everyone around the industry is struggling right now, many people want to refinance their home, but the value has fallen so much they are not able to do so. Everyone around the industry is struggling right now, many people want to refinance their home, but the value has fallen so much they are not able to do so.

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