find mortgage and refinancing information Akron Ohio

Channel:

We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
 Please check back frequently as new topics are added and current topics are updated daily.

 

Change in Texas Law May Make Reverse Mortgages More Popular


Texas was one of the last states to allow homeowners to take out home equity loans. Laws going back to the nineteenth century strictly prohibited home equity lending, as legislators feared that unscrupulous lenders would take advantage of homeowners for the purpose of seizing their homes through foreclosure. This made it impossible for citizens of the Lone Star State to use their equity for home improvements, debt consolidation or paying medical bills, as homeowners in other states may do.

In 1997, the Texas constitution was amended to allow homeowners to borrow against their home equity. The amendment allowed for traditional term loans, lines of credit, and reverse mortgages, but did not allow a line of credit on a reverse mortgage.

In a reverse mortgage, owners of homes who are at least 62 years of age may borrow against the equity in their home. They need not pay the money back until they die, move or sell the home. Reverse mortgages have become quite popular in the last few years, especially in areas like California, where homeowners may be cash poor but may have a lot of equity in their homes. Nationally, nearly 90% of homeowners who take out a reverse mortgage do so with a line of credit. In Texas, however, the only options are a lump sum or monthly payments. There are several advantages in taking a reverse mortgage in the form of a line of credit, rather than a lump sum. The most significant is the fact that interest is only due when money is actually drawn from the credit line. This saves the homeowner substantial amounts of interest over the life of the loan when compared to a lump-sum payout. Reverse mortgages have been quite popular in Texas since the law was changed to allow them, but lenders say that the demand should increase substantially if lines of credit are allowed.

The Texas Legislature has recently approved a constitutional amendment that will allow lines of credit.for reverse mortgages, and this amendment is expected to be on the ballot in Texas this fall. This bill is expected to pass easily, and once it does, Texas may become the leading state in the country for issuing reverse mortgages.

©Copyright 2005 by Retro Marketing.

Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. July / 24 / 2019

Refinance mortgage rates: 10 steps to get the best deal  The Mortgage Reports

How do you get the best refinance mortgage rates? Plan ahead and have a strategy. Here's how to do it in today's low-rate mortgage marketplace.


Good time to refinance your mortgage?  Fox Business

The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.


Consider a Mortgage Refinance, Even If You Bought Recently  NerdWallet

Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home in 2018.


How to Refinance a Mortgage and When to Do It  TheStreet.com

Your mortgage can cost a lot of money over time. Here's how it might just cost a little less....BAC.


Refinance mortgage rate moves up for Thursday  Bankrate.com

Refinance rates were mixed, but one key rate cruised higher. See what that means for your refinance.


Will mortgage rates drop even more? Should I wait to refinance?  The Mortgage Reports

Mortgage rates are near historic lows, but maybe you've heard that nagging voice, the one which says “wait just a little longer. Rates can drop lower.


Debt Consolidation with Mortgage Refinancing: How to Pay Off Debt with a Refinanced Mortgage  Zing! Blog by Quicken Loans

Considering a mortgage refinance to consolidate debt? Before you do, read our guide to make sure you understand how it works along with the pros and cons.


Refinance rates advance for Monday  Bankrate.com

Several benchmark refinance rates cruised higher today. If you're shopping for a mortgage, see what that means for you.


More than 8 million homeowners are leaving big money on the table by not refinancing  CNBC

Mortgage rates have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, and that is giving a major boost to the number of ...


Refinance rates trend higher for Wednesday  Bankrate.com

Several closely watched refinance rates cruised higher today. See what that means for your refinance chances.


How the Fed’s interest rate decisions affect mortgage rates  Bankrate.com

If the Fed lowers rates at their upcoming July 30-31 meeting, only some mortgage borrowers need to pay attention, including those with adjustable-rate loans.


Refinance mortgage rate retreats for Tuesday  Bankrate.com

Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a mortgage, see how your payments might be affected.


ARM, HELOC mortgage borrowers could get a break if Fed lowers rates  Bankrate.com

Some borrowers might see lower monthly payments come the end of July if Federal Reserve Chairman Jerome Powell lowers interest rates. The federal funds ...


6 Strategies To Make Your First Mortgage Refinance A Success  CBN News

Mortgage rates may be rising but there's still room to refinance your home loan. Use these six ways to get the best deal on your first mortgage refinance.


Should you refinance your mortgage now?  Clark.com - Clark Howard

Money expert Clark Howard has a simple rule for when to refinance your mortgage. See if it applies to you and how you can hit a "grand slam" if you do it.


Mortgage rates today, July 22, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates barely moved on Friday, as we predicted. However, the movement that did occur was different from what we expected. The average ...


This is how ridiculously low mortgage rates are now. A historical perspective  The Mortgage Reports

Home refinance rates are low. This is a statement which is both true and does not adequately describe the current mortgage situation. Mortgage rates in the 3% ...


How to get the best deal on your home mortgage refinance  cleveland.com

Mortgage rates may be rising but there's still room to refinance your home loan. You might have heard much said about the constant rise of interest rates over the ...


Refinance mortgage rates mixed for Thursday  Bankrate.com

Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.


Mortgage rates today, July 18, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates fell by a worthwhile amount yesterday, as we predicted. The drop wasn't enough to offset recent rises. But it was a step in the right ...


Refinance mortgage rate slides for Friday  Bankrate.com

Refinance rates were mixed, but one key rate slid lower. See what that means for your chances of scoring a killer refi rate.


Weekly mortgage rates fall further, but only refinance applications rise  CNBC

Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.


U.S Mortgage Rates – Rates Rise for Just the 3rd Time in 13-Weeks  Yahoo Finance

Mortgage rates were on the rise once more, though they could come under pressure should tension in the Middle East rise further…


Refinance rates trend higher for Tuesday  Bankrate.com

Multiple key refinance rates trended upward today. If you're in the market for a mortgage, see what that means for you.


Refinance rates tick lower for Tuesday  Bankrate.com

Multiple closely watched refinance rates sunk lower today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both declined. Meanwhile ...


It's Your House, Only Cheaper — Why Homeowners Should Refinance Now to Save Big  PaperCity Magazine

Are you leaving money on the table when it comes to your home mortgage payments? If you are one of 5.9 million, homeowners who could lower interest rates ...


Mortgage rates dip for Monday  Bankrate.com

Several key mortgage rates receded today. If you're shopping for a home loan, see how your payments might be affected.


Fed interest rate cuts to usher in new era for home buyers  The Mortgage Reports

Home prices are high but there's hope for home buyers. Falling rates should make homeownership more affordable as the Fed seeks to cut rates in 2019.


Mortgage rates today, July 19, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates barely moved yesterday, as we predicted. What small move there was, turned out to be friendly. And the small fall took rates very close ...


Over 8 million homeowners are leaving big money on the table by not refinancing  The Coloradoan

Refinancing can lower monthly payments, but it can also provide easy money for homeowners with high levels of home equity.


Refinance rates ease for Wednesday  Bankrate.com

Several closely watched refinance rates dropped today. If you're shopping for a mortgage, see how your payments might be affected.


Mortgage rates sink to a 31-month low after Federal Reserve expresses uncertainty about the economy  The Washington Post

Mortgage rates hit their lowest levels since November 2016 on the heels of the Federal Reserve meeting last week. According to the latest data released ...


Your Mortgage: What's up with all this refi talk?  Shawnee Mission Post

By Mike Miles Mortgage rates can be both boring and attractive. Chances are strong that if you have a conversation at a party concerning mortgage rates (in ...


Guild Mortgage Will Consider Airbnb Income on Refinance Applications  Mortgageorb

Guild Mortgage recently launched a new mortgage option in partnership with Airbnb that considers short-term rental income from Airbnb as an acceptable ...


More than 8 million borrowers can now benefit from refinancing their mortgage  HousingWire

Last week, Freddie Mac's fixed mortgage rate fell to its lowest level in three years, bumping the pool of refinance candidates up significantly. At the end of June, ...


U.S Mortgage Rates – Mortgage Rates Slide Again as the FED Turns Dovish  Yahoo Finance

Mortgage rates were back on the slide following the previous week's 1st rise in 7-weeks. In the week ending 27th June, 30-year fixed rates fell by 11 basis points ...


Here’s what mortgage rates might do after the July 2019 Fed meeting  The Mortgage Reports

Will mortgage rates rise or fall after the Fed meeting in July. Most experts think the Fed will cut bank rates and that mortgage rates will also be reduced. But what ...


Should I Refinance My Home?  CapeGazette.com

With the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by ...


Refinance mortgage rate moves up for Monday  Bankrate.com

Refinance rates were mixed, but one key rate cruised higher. See what that means for you if you're in the market for a mortgage.


Mortgage rates increase for Wednesday  Bankrate.com

Several benchmark mortgage rates cruised higher today. If you're in the market for a mortgage, see how your payments might be affected.


Tech improvements help make mortgage refinancing faster | Homes & Garden  The Union Leader

A massive wave of homeowners now has an incentive to refinance their mortgages and they could find the process faster than it's been in recent memory thanks ...


Mortgage rates go up for Monday  Bankrate.com

Multiple benchmark mortgage rates climbed today. If you're shopping for a mortgage, see how your payments might be affected.


Benchmark mortgage rate moves lower for Wednesday  Bankrate.com

Mortgage rates diverged today, but one key rate fell. See what that means for you if you're in the market for a mortgage.


Could we see 2% mortgage rates before this is all over?  The Mortgage Reports

Is it really possible that we'll see 2% mortgage rates in the next year or so? No doubt some folks laughed when we suggested earlier this year that mortgage ...


Mortgage rates trend higher for Monday  Bankrate.com

Multiple closely watched mortgage rates notched higher today. See what that means for you if you're in the market for a mortgage.


Mortgage rates move up for Tuesday  Bankrate.com

Multiple closely watched mortgage rates trended upward today. If you haven't locked yet, see how your future home loan payments could be affected.


4 Student Loan Refinancing Myths Debunked  NerdWallet

Student loan refinancing isn't a scam. To help you decide whether refinancing is a good option for you, we're addressing four common misconceptions.


Guild Mortgage launches refi option for Airbnb hosts  HousingWire

Guild Mortgage has partnered with Airbnb to launch a refinance option for property owners who host guests through the Airbnb platform. The option allows ...


Commerce Bank to Use the Black Knight Servicing Digital Solution to Enhance the Consumer Experience  Yahoo Finance

Black Knight's Servicing Digital is an interactive, mobile solution that provides consumers with customized, timely information about their mortgage loan ...


Mortgage rates today, July 1, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates reversed direction during Friday and ended up lower — though only by the smallest measurable amount. So they remain adjacent to ...


Real Estate Advice: When's a good time to refinance  Wicked Local

Q: What's a good rule of thumb about refinancing? With mortgage interest rates dropping again, I'm wondering if I should refinance.A: The refi rule of thumb is ...


Qualify To Refinance Using Short-Term Rental Income  Zing! Blog by Quicken Loans

Do you rent your primary or vacation home on Airbnb, HomeAway® and Vrbo™? You can now use the income to qualify for all conventional loans.


Mortgage discounts | United Federation of Teachers  United Federation of Teachers

The following discounts are paid advertising. The appearance of these ads does not imply any endorsement by or connection with the United Federation of ...


Mortgage rates fall for Tuesday  Bankrate.com

Multiple key mortgage rates receded today. If you're in the market for a mortgage, see what that means for you.


Mortgage rates today, July 3, 2019, plus lock recommendations  The Mortgage Reports

Owing to markets being closed for the Independence Day holiday, this report will not appear tomorrow. As predicted, average mortgage rates fell a little ...


Mortgage rates today, June 24, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Average mortgage rates rose on Friday, as we predicted. But the increase was tiny. Leaving aside Thursday, that average is currently at its lowest since ...


Refinancing Jumps in Government-Backed Mortgages, Bucking Market  Bloomberg

A surge in government-guaranteed mortgage refinancings is underway, bucking the decline in the broader market since early June.


Mortgage rates today, June 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Average mortgage rates moved lower yesterday, as we predicted. The fall was tiny but it was enough to match last Thursday's level, which was the lowest in 20 ...


Dougherty provides refinance dollars for 165-unit multifamily property in Ohio  REjournals.com

The Nashville, Tennessee, office of Dougherty Mortgage recently closed a Fannie Mae loan for the refinancing of The Trails of Oak Creek, a 165-unit multifamily ...


Housing remains positive as uncertainty holds down rates: Fannie Mae  National Mortgage News

Fannie Mae increased its mortgage origination forecast as lower interest rates, driven by economic uncertainty, will lead to more refinance activity, but other ...


'Now Is The Time To Refinance': Low Mortgage Rates Cause Surge In Refinancing  Forbes

Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...


Mortgage rates predicted to fall to “the lowest they’ve ever been”  The Mortgage Reports

Mortgage rates fell to 3.84% in mid-June according to Freddie Mac, but could they go lower? A lot lower? Even the lowest they've been in 50 years? Mortgage ...


The power of mortgage insurance — and which state's buyers use it most | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Mortgage insurance often gets a bad rap. But according to new data, it actually helped more than 1 million Americans either purchase a home or refinance their ...


As mortgage rates plunge, should you refinance?  Fox Business

Nearly 6 million people can now cut their mortgage payments with refinancing.


Mortgage rates today, June 25, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates held steady yesterday. A modest fall had looked more likely first thing. Still, their being unchanged was a real win for borrowers.


As rates drop, mortgage refinancing surges but home purchase loans remain tepid  USA TODAY

Homeowners scramble to refinance mortgages as rates hit the lowest level in 17 months. But mortgage applications for home purchase rose just 0.5%.


Mortgage rates haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan  MarketWatch

More people are pursuing refinances as mortgage rates have dropped.


Mortgage rates are falling—here's how to tell if you could save money by refinancing  CNBC

As mortgage interest rates drop, homeowners could save hundreds per month by refinancing. However, it's not a smart financial decision for everyone.


5 Signs It's Time To Refinance Your Mortgage  Forbes

You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...


Nearly 6 million people can now cut their mortgage payments with refinancing  Bankrate.com

The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate -- two ...


When Mortgage Refinancing Makes Sense  Seeking Alpha

There are many misconceptions about what happens with refinancing a mortgage and the effect on interest payments. The important factors are rate, time and ...


These are the best (and worst) reasons to refinance your mortgage  Bankrate.com

Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...


Highest Mortgage Rates in More Than 3 Weeks  Mortgage News Daily

Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the ...


Dougherty Mortgage Closes Fannie Mae Loan for Hawks Landing Apartment Community in Kingsville, Texas  MultifamilyBiz.com

KINGSVILLE, TX - Dougherty Mortgage recently closed a Fannie Mae loan for the acquisition financing of Hawks Landing, a 102-unit market rate multifamily ...


Mortgage refinancing spree becomes a race against the clock  Bankrate.com

Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...


Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes  Credible News

Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.


If You Ever Want To Retire, Here's The Best Way To Refinance Your Mortgage  Forbes

The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of ...


Mortgage refinance boom goes bust as rates shift higher  CNBC

A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.


Mortgage Rates Drop Again -- Homeowners Can Save Hundreds Per Month By Refinancing  Forbes

Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%—down ...


4 irresistible perks of a VA mortgage refinance  Bankrate.com

Interest rates are near historic lows, and one particular VA loan refinance option that is easy to qualify for can enable homeowners to save thousands on their ...


Lend America exec to be sentenced in fraud case  Newsday

A Long Island man who pleaded guilty to felony charges in the collapse of a $1-billion-a-year mortgage lender is scheduled to be sentenced in federal court ...


What to consider before determining whether to refinance your mortgage  Washington Post

REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...


Saudi Real Estate Refinance, Deutsche Gulf Finance Ink Deal on Low Profits Mortgages  Asharq Al-awsat English

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Saudi Public Investment fund (PIF), signed Sunday a partnership agreement with ...


Homeowners refuse to tap into massive equity. Is that a mistake?  The Mortgage Reports

Home equity is up and rates are down. But homeowners refuse to tap into equity for major financial goals like a college education or home improvements. Is that ...


Refinance mortgage rate moves higher for Wednesday  Bankrate.com

Refinance rates were mixed, but one key rate were higher. See what that means for you if you're in the market for a mortgage.


Refinance mortgage rate moves higher for Friday  Bankrate.com

Refinance rates were mixed, but one key rate were higher. If you haven't locked a refi yet, see how your future mortgage payments could be affected.


Freddie Mac CHOICERenovation construction / renovation loan: 2019 guidelines  The Mortgage Reports

The CHOICERenovation (sometimes written “Choice Renovation”) mortgage from Freddie Mac gives borrowers a new option to buy and fix-up homes without ...


Mortgage refinance checklist: what you need to refinance your home  The Mortgage Reports

This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ...


Cash-out mortgage refinancing: Here’s where homeowners are using it most  Bankrate.com

Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...


Refinance mortgage rate advances for Saturday  Bankrate.com

Refinance rates were mixed, but one key rate floated higher. If you're shopping for a home loan, see what that means for you.


VA loan churning is driving up mortgage costs for all government borrowers  HousingWire

The churning of loans backed by the Department of Veterans Affairs has long been a thorn in Ginnie Mae's side, as the agency has worked for three years to ...


Mortgage applications surge on refinances as rates hit 21-month low  USA TODAY

As mortgage rates fell to the lowest level since September 2017, mortgage applications surged 26.8% last week, led by an increase in refinancing.


Refinance mortgage rate drops for Tuesday  Bankrate.com

Refinance rates were mixed, but one key rate trended down. If you're shopping for a refi, see how that could affect you.


Nearly 6 Million People Can Now Cut Their Mortgage Payments With Refinancing |  RisMedia.com

With interest on the low side, there is a potential to refinance and save.


Still haven’t refinanced your mortgage? You still have an opportunity to save big  Bankrate.com

Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ...


Refinance mortgage rate ratchets higher for Tuesday  Bankrate.com

Refinance rates were mixed, but one key rate climbed higher. See what that means for you if you're in the market for a home loan.


Refinance rates tick higher for Thursday  Bankrate.com

Multiple closely watched refinance rates trended upward today. See what that means for your refinance chances.


Applications for mortgages, refinancing spike amid low interest rates  Fox Business

Amid the lowest mortgage rates in almost two years, overall mortgage applications swelled last week by nearly 27 percent according to data released ...


Stocks Fall Despite Strong Economic Data – Market Update  Zing! Blog by Quicken Loans

Retail sales and industrial production showed some really strong results in June. Despite this, stocks fell quite a bit. Find out what happened.


Does refinancing your mortgage make sense as interest rates fall and why these couples say they’ll never move in together  MarketWatch

Happy Thursday, MarketWatchers! Don't miss these top stories: Personal Finance. The filthy mistake you're likely making in the kitchen — and its simple $14 ...


used office furnishings-supplies-equipment-desks-cubicles-service-counters for sale in Akron Ohio   Die cast model cars for sale in Akron Ohio  
used cars for sale in Akron Ohio   unfurnished homes for rent in Akron Ohio

Click here to
OfficeJax free ad space available here

Find used office equipment in Ohio at www.OfficeJax.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

www.Akron.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Akron City directory

Free Automatic Link Exchange

Flea Market World

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

iphone-4-less below wholesale prices

 

Place your AD here. Click here for more details.

Click above to place your AD here

[Back to Top]

Ohio RealEstate

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

best home remedies and do it yourself tips

Akron currency trading

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

Akron Mortgaging and refinancing

Web site design tips

 

HOME | SITE MAP

© 2012 - 2019 All Rights Reserved
Increase pagerank with HitsSurfer

free page rank checker and seo evaluation tools 

first second ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers quotes florida houston gmac washington interest only 2nd software debt consolidation reverse senior equity texas maryland options lending bad credit  option one ameriquest chase first banks emc residential california miami dallas est branch marketing home company commercial yahoo online bad credit low credit no credit