The Ins & Outs of HARP Refinancing
Tuesday, April 07
The Harp refinance program was instituted by the Obama administration in order to assist homebuyers with underwater mortgages or zero equity in their home loans. Many of these individuals are unable to qualify for conventional refinancing however the Harp program allows them to take advantage of ...
The Pros & Cons of Refinancing
Wednesday, March 25
Refinancing may be a bit of a hassle but it can lead to significant financial savings. Benefits may include; taking advantage of lower rates, having a lower monthly mortgage payment, decreasing the duration of the loan term, cashing in on equity and converting to a different loan type. Let's expl...
The Future Of Real Estate In The Next 365 Days
Wednesday, January 07
Consumer confidence is as high as its been in the past few years which is good sign for the housing market in 2015. A healthy economy and an increased number of jobs means that Americans will be in a better position to purchase. There's also talk by leading mortgage industry big wigs about loweri...
Lower Rates May Not Affect Refinancing Much
Friday, October 31
It's only natural to expect a huge wave of refinancing activity as mortgage rates for a 30-year fixed-home loan dip below 4% for home loans at loanDepot in October 2014. Reasons for the lack of activity include homeowners who won't qualify for a refinance and the fact that many have already taken...
Lower Rates Mean Equals More Buying Power
Wednesday, October 29
Home owners who take advantage of lower rates and refinance save on average $150 a month which means they have more disposable income. Research shows that this additional money leads to lower debt on revolving accounts, more car buying and even higher employment in their locality. A study conduct...
Refinance Rates Dip Under 4%
Saturday, October 18
Mortgage rates dropped in the second week of October 2014 leading to an increase in refinancing activity from homeowners in an effort to save money. The current 30 year fixed rate mortgage is just below 4 percent which is the lowest it has been in the last four months. Fixed rate mortgages dropp...