Mortgage and Refinancing Information 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.
Reverse Mortgages - A Tax Free Income For Senior Citizens
I fully realize if it sounds too good to be true, it probably is and There Is No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.
A reverse mortgage is exactly what the name implies. Rather than you paying a monthly sum of money to a mortgage company, a mortgage company pays you. There are three types of reverse mortgages and all have the same eligibility requirements.
You must be at least 62, live in, and own, your home and sign a contract. You must also have equity in your home and the inherent interest rate is based on what the lender is currently charging (more about this later) on non-reverse mortgages. The lender, by the way, will also have your property appraised for which you may or may not be charged.
There are no income restrictions such as those imposed by Social Security and most are tax free since they do not involve additional features such as an attached annuity. They also do not affect your social security benefits nor your Medicare entitlements.
This article discusses only those mortgages without additional features. Should you wish to know more about reverse mortgages with additional features, consult with a competent tax professional to reduce the chances of running afoul of tax laws.
The FTC's website, http://www.ftc.gov/bcp/online/pubs/homes/rms.htm has an excellent article on reverse mortgages but it also does not discuss mortgages with additional features. Another reason to consult with a tax professional.
This tool called reverse mortgage is actually a loan, hence an interest rate, which allows senior citizens, or as some say, the elderly, to convert part of their equity into cash without having to sell their home. Because it is a loan "in reverse" you are receiving a monthly sum and not paying a monthly amount while you live in your home.
However, this loan must be repaid and repaid with interest should you sell, die, no longer live their as your principal residence or reach the end of the pre-selected loan period. You remain responsible to pay real estate taxes, insurance and all attendant maintenance expenses which, of course, you would have to pay with, or without, a reverse mortgage.
With this explanation, the picture becomes more focused, right? You enjoy a monthly sum, tax free and non-repayable until a date sometime in the future, while remaining in your home. As close to a win-win situation as one can get in this day and age.
It doesn't take a rocket scientist to realize anyone who is cash poor but house rich should at least investigate this tool. However, like any other instrument involving your signature on the dotted line involving financial obligation, you must have some preliminary information.
I mentioned there are three types of reverse mortgages. The first is the single purpose reverse mortgage. These are offered by some sate and local government agencies and nonprofit organizations.
They may not be available in your area. Call your county's Department of Senior Services. Their phone number is in the white pages under the listing for your county.
Single purpose means exactly that. The proceeds may be used for only the purpose specified by the lender and generally are only made to people with low or moderate incomes. If you call your county, be sure to ask if their reverse mortgage is a single purpose and what are the limits.
The second type of reverse mortgage is called a Home Equity Conversion Mortgage (HECM). The federal government insures these mortgages and they are backed by the Department of Housing and Urban Development (HUD). The up front costs are generally high especially if you plan on staying in your home for a short period of time but they carry no income or medical restrictions and can be used for any purpose.
HECMs also require all applicants to meet with a counselor from an independent government approved housing counseling agency. The FTC says, "The counselor must explain the loan's costs, financial implications, and alternatives. For example, counselors should tell you about government or nonprofit programs for which you may qualify, and any single-purpose or proprietary reverse mortgages available in your area."
An additional benefit of an HECM mortgage is the nursing home clause. Should a borrower have to move out of her home and into a nursing home or other medical facility, she has up to 12 months before the loan becomes due. This enhances financial planning.
The third type is called a proprietary reverse mortgage. These are private loans backed by the companies offering them. In other words, they are NOT government insured. Like HECMs, the upfront cost could be high for a proprietary reverse mortgage.
A reverse mortgage, cost wise, is like a non-reverse mortgage. The lender usually charges loan origination fees, closing costs, insurance premiums (for insured loans) and service fees which are all set by the lender.
Fortunately, like non-reverse mortgages, the federal Truth In Lending Act (TILA) applies to reverse mortgages. This means the lender MUST disclose the costs and terms of the reverse mortgage you are considering.
The annual percentage rate (APR) and payment terms must be prominently displayed and not in the fine print. If you choose a credit line as your loan, lenders must tell you the charges related to not only opening but using this credit account.
Another word about the interest rate since it too mirrors the non-reverse mortgage. Just as with a non-reverse mortgage, an interest rate can be fixed or variable with variable rates tied to a financial index. This means the rate will change as the index changes.
TILA forces the lender to disclose this information. TILA does not force the lender to tell you the reverse mortgage may, or may not, use up all of your equity. If a "non-recourse" clause is included in the contract, and most have them, you must be told you will not owe more than the value of your home when the loan is repaid. This is a good thing.
Of the three, the HECM is the most flexible. It lets you select the way you receive your money. For example, you can receive fixed monthly cash advances for a specified period or for as long as you live in your home. Or, if you choose, you can receive a line of credit.
A line of credit allows you to draw on the loan proceeds when you want and how much you want. The HECM allows a combination of the two choices. You can receive a monthly payment plus a line of credit.
The key is to read and understand every clause in the contract before signing and do not be afraid to ask questions about what you don't understand. Don't let a huge monthly payment cloud your judgment and decision making ability.
Both HUD and the FTC have toll free numbers and websites to help you in making an informed decision. HUD can be called at 1-888-466-3487 with their web address at: http://www.hud.gov/offices/hsg/sfh/hecm/rmtopen.cfm while the FTC can be called at 1-877-382-4357 with their web address at: http://www.ftc.gov/credit
After reading the above information you may have decided the goose with the golden eggs is really a vulture waiting to pounce on your carcass. Or, you may have decided the goose's eggs are worth your time and attention. Either way, you are now a more informed consumer.
Tom Koziol is the Executive Secretary for Senior Outreach Ministries. Visit http://www.senior2senior.org and download their free senior caregiver manual.
Today's MORTGAGE-REFINANCING NEWS updated Sat. August / 17 / 2019
Millennials drive mortgage refinance boom, and lenders are scrambling CNBC
Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Refinance ...
Refinance mortgage rate increases for Monday 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 mortgage.
Mortgage rates are at a 3-year low—here are 3 questions to ask before you refinance CNBC
Mortgages rates hit a three-year low on Friday, August 2, when the average rate on a 30-year fixed mortgage hit 3.70%, the lowest they've been since November ...
Fannie Mae predicts surge in mortgage refinancing following Fed rate cut Yahoo Finance
It is expected that 35% of all new mortgages in 2019 will be made up of refinanced mortgages, according to a report from Fannie Mae (FNMA) out on Thursday.
When Should You Refinance a Home? Forbes
A home is the biggest purchase most people ever make. When buying a home, we are all impacted enormously by a factor largely outside our control: interest ...
Millennials move to refinance as rates approach three-year lows | The Mortgage Reports
With rates at three-year lows, Millennials are finally hopping on the refinance bandwagon. Refis accounted for 14 percent of all Millennial loans in June.
Mortgage-Refi Fever Sweeps U.S., Forcing Brokers to Scramble Bloomberg
Suddenly, mortgage broker Mark Livingstone is working weekends and spending his meager free time reading resumes because he needs help handling the ...
As mortgage rates tumble, rush to refinance for savings is on Star Tribune
There is a silver lining to the recent economic turbulence: Mortgage rates have tumbled in recent weeks, triggering a rush to refinance and a race to the closing ...
How to tap into today's VA refinance rates with almost no paperwork | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How to tap into today's VA refinance rates with almost no paperwork | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
VA refinance rates have fallen significantly since late last year. For many VA borrowers, this is the time to consider the savings which might be available with ...
Mortgage rates sink to 3-year low, but one-third of borrowers are making this big mistake CNBC
Escalating tensions over a trade war with China sent investors rushing to the relative safety of the bond market late last week. That pushed the yield on the ...
Key questions to ask before you refinance your mortgage Bankrate.com
While refinancing your home mortgage might sound like a good idea in theory, especially with interest rates falling, it may not always be possible for every ...
Refinance mortgage rate trends higher for Friday Bankrate.com
Refinance rates were mixed, but one key rate were higher. If you haven't locked a refinance yet, see how your payments might be affected.
Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates - USA TODAY
Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates USA TODAY
Mortgage rates dropped to nearly three-year lows on China trade fears and a Fed rate cut. That's helping homeowners and buyers in the market now.
Nearly 10 million borrowers could lower their mortgage rate by 0.75% by refinancing right now - HousingWire
Nearly 10 million borrowers could lower their mortgage rate by 0.75% by refinancing right now HousingWire
Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage ...
Why to consider a mortgage refinance, even if you just bought recently cleveland.com
Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home in 2018. Here's why, plus tips ...
Mortgage refinances spike 12% on a big rate drop, but homebuyers pull back again CNBC
Homeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed.
Refinance rates increase for Tuesday Bankrate.com
Several benchmark refinance rates moved higher today. If you're shopping for a home loan, see what that means for you.
Simply Money: What to keep in mind before refinancing Cincinnati.com
Question: Carole in Independence: Is now a good time to refinance? I have 15 years left on a 30-year mortgage and still have about $135,000 left to pay.
Refinance mortgage rates mixed for Wednesday Bankrate.com
Refinance rates were mixed today. See what that means for your chances of getting a better mortgage rate.
Refinance mortgage rates: 10 steps to get the best deal | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Refinance mortgage rates: 10 steps to get the best deal | Mortgage Rates, Mortgage News and Strategy 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.
Refinance mortgage rate moves higher for Monday Bankrate.com
Refinance rates were mixed, but one key rate trended upward. See what that means for your refi.
Mortgage rates fall, reaching nearly three-year low The Washington Post
Mortgage rates dipped slightly to a nearly three-year low because of concern about a potential global economic slowdown and some weak home sale news.
U.S Mortgage Rates Tumble as Trade War Angst Bites Yahoo Finance
An escalation in the U.S – China trade war and negative business sentiment weighed on mortgage rates. Any near-term upside will be limited at best.
Mortgage rates today, August 12, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, August 12, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates fell significantly on Friday. We'd predicted they'd barely change. And we should have been right, according to all the markets that ...
Mortgage rates today, August 13, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, August 13, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates should have fallen yesterday, in line with our prediction. But they didn't. They remained at the same, ultralow level. Under the headline ...
U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak The Wall Street Journal
WASHINGTON—U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Mortgage balances rose ...
Mortgage Lenders See Surge in Refinancing businessjournaldaily.com
YOUNGSTOWN, Ohio -- With mortgage rates sitting at their lowest in the last few years, lenders say now is the time to refinance – and customers are heeding ...
Should I refinance for 0.25% lower rate? Or wait for 1% or more? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Should I refinance for 0.25% lower rate? Or wait for 1% or more? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
How much do refinance rates need to drop before I refinance? Is the rule 1%, or should I refinance for just a 0.25% lower rate?
Mortgage rates today, August 9, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, August 9, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates rose sharply yesterday, as we predicted. It was the biggest one-day change in rates for some time. However, all is not lost: they were still ...
Mortgage Rates Jump After Tariff Delay Mortgage News Daily
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's ...
Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields Mortgage News Daily
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between ...
Is Refinancing a Mortgage Expensive? WTOP
Refinancing a mortgage could result in a lower monthly payment or a reduction in your interest rate. That could save you money, but is the cost to refinance…
I'm going to refinance my mortgage. How can I raise my credit score? lehighvalleylive.com
Q. I'm going to refinance my mortgage by the end of the year and I want to improve my credit score, which is 742 according to Credit Karma. What's the fastest ...
HUD slashes FHA cash-out refinance LTV limit. What you should do now | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
HUD slashes FHA cash-out refinance LTV limit. What you should do now | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
FHA cash-out refinancing rules will change starting September 1, 2019. The new rule will limit cash-out refinances to 80% of a property's fair market value.
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 ...
I'm refinancing my mortgage. Do I need to hire an attorney? NJ.com
Your comfort level with the lender should be the deciding factor.
Mortgage demand falls again, despite lower interest rates CNBC
After rising the previous week, interest rates fell back again last week, but consumers were not enthused.
Mortgage rates rise on expectation of Fed’s possible cut in short-term interest rates - Washington Post
Mortgage rates rise on expectation of Fed’s possible cut in short-term interest rates Washington Post
Mortgage rates rose this week spurred largely by rising optimism about the Federal Reserve's possible move at the end of the month to cut short-term interest ...
Fuel for the Next Mortgage Bust? WOLF STREET
Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers. This is the transcript from my podcast last ...
Interest Rates Are Low as Hell. But Do Your Homework Before You Make Any Decisions. Fatherly
Interest rates are low. In this edition of "Bank of Dad" our columnist offers some perspective on low interest rates and what they mean for your credit cards, ...
Just Approved: Cash-out without a higher rate San Francisco Chronicle
Mortgage broker: Liz Bayer, ProMortgage. Property type: Single-family home in Tiburon. Appraised value: $2.5 million. Loan amount: $1.3 million. Loan type: ...
Surprisingly, lots of 2018 homebuyers could save money by refinancing now Charleston Post Courier
Economists thought mortgage interest rates would rise to 5.5 percent this year, but instead they've dropped so low that recent homebuyers could save money by ...
Low rates lead to a record wave of Danish mortgage refinancing Nasdaq
July 29- Danish homeowners have taken advantage of ultra-low interest rates to pay down mortgages worth 137 billion Danish crowns since May,.
With national interest rates low, refinancing should be considered by homeowners KSTP
Updated: August 14, 2019 06:51 PM. The uncertainty from the recent stock market lows is causing some changes in the nation's interest rates. Nate Wenner, with ...
Mortgage Rates Fall As Stock Market Struggles Continue – Market Update - Zing! Blog by Quicken Loans
Mortgage Rates Fall As Stock Market Struggles Continue – Market Update Zing! Blog by Quicken Loans
Trade tensions were the order of the week with very little economic data released. We'll have all the highlights coming up in Market Update!
If you have a student loan, here’s what happens when the Fed lowers rates Bankrate.com
Some borrowers may want to start paying attention after the Fed's interest rate cut. If you have a student loan with a variable interest rate, you could soon start to ...
Falling yields rock U.S. mortgage bond market Reuters
The massive U.S. bond market rally has not been a boon for all types of fixed-income securities.
Good time to refinance your mortgage? Fox Business
The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.
Millennials Looking to Refinance The MReport
As interest rates shrink and debt increases, Millennials are planning to refinance their mortgage to lock int heir rates.
Homeowners refuse to tap into massive equity. Is that a mistake? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Homeowners refuse to tap into massive equity. Is that a mistake? | Mortgage Rates, Mortgage News and Strategy 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 ...
Consider a Mortgage Refinance, Even If You Bought Recently NerdWallet
Refinancing a mortgage might be a good idea, even for homeowners who bought a home in 2018. Mortgage rates have fallen so far that millions of homeowners ...
'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 haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan - MarketWatch
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.
Home Values Are At Their Highest Point In More Than 12 Years Zing! Blog by Quicken Loans
Property values are the highest they've been in quite some time. Additionally, homeowners and appraisers are now more in line on property value.
Refinance rates fall for Wednesday Bankrate.com
Multiple benchmark refinance rates fell today. See what that means for your refi.
As mortgage rates plunge, should you refinance? Fox Business
Nearly 6 million people can now cut their mortgage payments with refinancing.
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 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.
Digital, Reno Products; Originator Survey; FHA Condo Update Mortgage News Daily
Plenty of economists watch builder activity and mood swings as early indicators of future economic health. Builder confidence in the single-family 55+ housing ...
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 ...
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 ...
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 ...
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%.
Refinance mortgage rate eases for Thursday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. If you're shopping for a mortgage, see how your payments might be affected.
Debt Consolidation with Mortgage Refinancing: How to Pay Off Debt with a Refinanced Mortgage - Zing! Blog by Quicken Loans
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.
Will mortgage rates drop even more? Should I wait to refinance? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Will mortgage rates drop even more? Should I wait to refinance? | Mortgage Rates, Mortgage News and Strategy 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.
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.
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 ...
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 ...
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.
Refinance mortgage rate moves up for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. See what that means for your refinance.
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 ...
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.
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 ...
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 ...
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.
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.
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.
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.
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.
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 ...
THE WOLF STREET REPORT: Fuel for the Next Mortgage Bust? WOLF STREET
Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers (11 minutes).
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 ...
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.
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.
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 ...
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.
Your money: Buying or refinancing? The mortgage rate frenzy is back Reuters
Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home - or refinance.
Lender risk from CFPB underwriting rule tested in Ohio case American Banker
Lenders have long worried that borrowers would use the Consumer Financial Protection Bureau's mortgage underwriting rule to fight foreclosure in court. But the ...
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 ...
Rising mortgage rates again reduce refinance application volume National Mortgage News
Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to ...
Refinance rates slide for Tuesday Bankrate.com
Multiple key refinance rates decreased today. If you're shopping for a home loan, see what that means for you.
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 ...
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy 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 ...
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 ...
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.
Refinance rates retreat for Wednesday Bankrate.com
Several key refinance rates trended down today. See what that means for you if you're in the market for a mortgage.