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 | 
November 11, 2009 9:57 am | 
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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
Getting a low mortgage rate is the number-one reason people refinance their homes. But what does it take to get the best rates these days? That’s the subject of today’s refinancing lesson.
Interest rates are still low right now. At the time this article was published (November ‘09), the average rate on a 30-year fixed mortgage [...]
Refinancing Process | admin | 9:11 am | Comments Off
Reader question: “I keep hearing how hard it is to refinance a mortgage in the current economy. Why is refinancing so hard to do right now, and what can I do to make it easier?”
I don’t think it’s accurate to say that it’s hard to refinance in the current economy — at least not in [...]
Refinancing Process | admin | September 5, 2009 9:11 am | Comments (0)
What steps are involved in the refinancing process, and what should you know about each step? That’s what I’d like to talk about in today’s lesson.
Below, you’ll find an outline of the home refinancing steps most people go through. I used the word “most” because the refinance process varies between different lenders, and from one [...]
Refinancing Process | admin | July 16, 2009 7:19 am | Comments Off
A lot of homeowners are rushing to refinance their homes right now, in order to take advantage of low interest rates before they start rising again. But how does refinancing work, anyway? What steps are involved in the process, and where does one even begin?
This is what I’d like to talk to you about today. [...]
Refinancing Process | admin | June 30, 2009 8:00 am | Comments (0)
