Story Summary: If you’re trying to refinance your mortgage in the near future, you better find out what your debt-to-income ratio is. Lenders have stricter qualification criteria these days, and that means a high DTI ratio could derail your refinancing plans.
I just read a Q&A session on the MarketWatch website about a woman who [...]
Applying for a Loan | admin | 
November 11, 2009 10:39 am | 
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There has been much ado in the news lately about mortgage refinancing and home loan modifications, as they pertain to foreclosure prevention. In fact, the Obama administration just announced a new program designed to reduce the number of home foreclosures in the U.S., and loan modifications are a big part of that plan.
But this is [...]
In the News | admin | 10:34 am | Comments Off
Reader Question: I have a bankruptcy in my past and I want to refinance my home. I’ve read a lot of conflicting advice on this subject. Is refinancing a home after bankruptcy possible in this economy?
Let me start with the easy answer, and then we will get more specific. The short answer is yes, it’s [...]
Frequently Asked Questions | admin | 10:25 am | Comments Off
Reader Question: “Who is the best lender for home refinancing loans today? I’ve heard that a lot of lenders went under during the economic crisis. Who is still providing home refinancing loans these days?”
It’s true that some financial institutions were reorganized or bought out by other companies over the last few months. It has certainly [...]
Frequently Asked Questions | admin | 10:08 am | Comments Off
Reader Question: “I keep hearing that it’s a good time to refinance a mortgage loan right now. But I also hear that a lot of homeowners are having trouble refinancing right now. How can it be both ways? I’m confused by this.”
It can be confusing, so let me try to clear some things up for [...]
In the News | admin | 10:03 am | Comments Off
I saw a report today that said more than 80,000 homes in the U.S. were foreclosed upon last month (September). As these trends continue, there will also be an increase in the number of people refinancing to avoid foreclosure on their homes.
But how does this process work? How can a homeowner refinance to stop a [...]
In the News | admin | 10:00 am | Comments Off
I’ve always thought that the best way to learn a new process is to take it one step at a time. And when it comes to a process like home mortgage refinance (where there’s a lot of money involved), it’s even more important to learn the steps involved.
So what are the steps to refinancing a [...]
Refinancing Process | admin | 9:57 am | Comments Off
I remember the first time I bought a house and shopped around for a home mortgage loan. I was so nervous about the process, because all of the terminology was so new to me. Not to mention the amount of money that was on the line!
Many people feel the same nervousness about home refinance loans. [...]
Refinancing Process | admin | 9:50 am | Comments Off
Many homeowners who are paying unusually high interest rates on their mortgage loans got into that situation by having bad credit. A lot of these folks chose to defer the high interest a few years down the road, by using ARM loans. We know the rest of the story. Record numbers of defaults and foreclosures, [...]
Refinancing Process | admin | 9:43 am | Comments Off
Using a mortgage refinance calculators is one of the first steps to determining if a refi makes sense or not. These calculators can help you determine the break-even point (BEP), beyond which your savings begin to exceed your costs. And that’s what we are going to discuss in this lesson.
Let’s start off by revisiting the [...]
Refinancing Process | admin | 9:30 am | Comments Off
This blog offers mortgage refinancing information for homeowners. The information on this blog is intended for general education only. We are not acting as your financial advisor, nor should you make any financial decisions based solely upon the refinancing information we provide.
If you are planning to refinance your home in the near future, we recommend that you learn everything you can about the subject before talking to lenders. That means you should continue your research beyond this website. We hope you find this refinancing information helpful.
