Refinance Archives

Beware of Mortgage Modification Scams
By: manybanking.com Staff
By Jeffrey StrainHomeowners struggling to pay their mortgages have been taking advantage of the government's new loan modification program. Unfortunately, so have scam artists. Read more»
WASHINGTON (AP) — Mortgage applications continued to rise last week, as low interest rates encouraged borrowers to refinance their home loans. The Mortgage Bankers Association said Wednesday its weekly application index climbed 3 percent for the week ended March 27. The index came in at 1,194.4, up from 1,159.4 a week earlier. On an unadjusted basis, the index rose 2.9 percent compared with the previous week, the trade group said. Read more»
The housing market has shown faint signs of life in recent weeks but is still in rough shape. Millions of homeowners are falling behind in payments and may lose their homes in foreclosure. The housing market has shown faint signs of life in recent weeks but is still in rough shape. Millions of homeowners are falling behind in payments and may lose their homes in foreclosure. Read more»
The government unveiled a few different plans to help embattled mortgage holders stay current and keep their homes. Here, we review the refinancing program. By Jeff Brown Read more»
Refinancing: Breaking Down Closing Costs
By: manybanking.com Staff
For those of you thinking of refinancing you home loans, we've compiled a list of closing costs you'll likely be facing. Read more»
WASHINGTON (AP) — Fannie Mae said the volume of mortgage loans it refinanced in February totaled $41 billion, nearly triple January's volume. Read more»
WASHINGTON (AP) — Mortgage applications jumped last week, as low interest rates fueled refinancing activity. Read more»
Stay Away from Mortgage Modification Scams
By: manybanking.com Staff
By sbup Staff Read more»
By MainStreet Staff Read more»
Shorter Term Refinancing Can Save You Big Cash
By: manybanking.com Staff
By sbup Staff For some homeowners, today's historically low interest rates have created much needed breathing room for overstretched budgets. But if you're fortunate enough to already have a little extra space in your monthly budget, refinancing with a 15-year mortgage instead of a 30-year mortgage can help you tap into even more significant savings. Read more»
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