mortgage refinance

Posted on: Wednesday, February 3, 2010
Lock in Low Rates Now
Lock in Low Rates Now

Remember, unlike a loan modification, short fi, short sale, keys for cash, or foreclosure, a refinancing can readily lower your mortgage payments while keeping your credit rating intact.

Read the full entry about Lock in Low Rates Now
Posted on: Monday, December 21, 2009
End of Sub 5% Refi?
End of Sub 5% Refi?

This past week, mortgage giant Freddie Mac’s survey showed that the average interest on a 30 fixed mortgage had inched up to 4.94%. Across the board, expect rates to then head up pushed by the expanding budget deficit, and inflation pressures caused by a rebounding economy

Read the full entry about End of Sub 5% Refi?
Posted on: Thursday, August 6, 2009
Second Mortgage Modification Strategy
Second Mortgage Modification Strategy

If you are severely underwater, you might be able to convince the second mortgagor to release the lien and turn the loan into an unsecured personal loan.

Read the full entry about Second Mortgage Modification Strategy
Posted on: Tuesday, July 28, 2009
Why is Making Home Affordable Falling Short?
Why is Making Home Affordable Falling Short?

Why is Making Home Affordable Falling Short? By most estimates, it has been applied to 5% of those eligible while a record 5.4 million American homeowners are now behind on their mortgage payments.

Read the full entry about Why is Making Home Affordable Falling Short?
Posted on: Monday, July 27, 2009
Caution: Sharks in the Water
Caution: Sharks in the Water

These fee for service agencies charge in the neighborhood of $4000 just to talk to your lender. Most offer no hint of a money back guarantee. What incentive does a loan modifier have to actually work on your case when you’ve paid him in full up front?

Read the full entry about Caution: Sharks in the Water
Posted on: Friday, July 17, 2009
Short Fi a Jumbo into a Conforming Mortgage
Short Fi a Jumbo into a Conforming Mortgage

Short fi’s are for borrowers facing hardship. It would work best in an area where house prices have declined precipitously.

Read the full entry about Short Fi a Jumbo into a Conforming Mortgage
Posted on: Thursday, July 9, 2009
For the Lowest Refinancing Rate, Improve your Credit Score
For the Lowest Refinancing Rate, Improve your Credit Score

The best way to lower your mortgage payments is to refinance. That’s the conventional wisdom when rates are low.  By doing so you’ve fulfilled all of your contractual obligations and are simply taking advantage of lower interest rates for a better deal. But the rate you are quoted is directly dependent on your FICO credit score, [...]

Read the full entry about For the Lowest Refinancing Rate, Improve your Credit Score
Posted on: Sunday, June 28, 2009
Mortgage Counseling Services Options
Mortgage Counseling Services Options

If you’re a homeowner facing default on your mortgage, you’ve probably gotten a lot of calls lately from mortgage advisors who are offering to help modify your loan or walk you through the steps involved in refinancing. However if you are like most people having trouble making mortgage payments, you probably can’t spare the thousands of dollars many of these organizations require

Read the full entry about Mortgage Counseling Services Options
Posted on: Wednesday, June 17, 2009
Interest Rate Rise Adds Urgency to Acting Now
Interest Rate Rise Adds Urgency to Acting Now

If you’ve been procrastinating about refinancing your mortgage, you could be in for a nasty surprise. After flirting with near historic lows in late April, average rates on 30 year fixed mortgages have now risen with the trend decidedly up.

Read the full entry about Interest Rate Rise Adds Urgency to Acting Now
Posted on: Thursday, June 11, 2009
Loan Modification - Do it Yourself Guide
Loan Modification - Do it Yourself Guide

You’ve cut back where you can, and yet you’re still having trouble making the biggest bill of the month, your house payment. You’ve heard about mortgage relief and know it could make you solvent, yet the people who have approached you want thousands of dollars up front just to talk to your lender, money you simply don’t have.

Read the full entry about Loan Modification - Do it Yourself Guide
« Previous Entries
Mortgageoutreach.org on Facebook
Recent Comments on Blog Posts

January 11, 2010 1 Responses
Strategic Default? By Paul M. J. Suchecki
Comment by Stephanie: "This is hilarious!!..."

August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."

December 30, 2009 11 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by rickyk4: "Hi everyone, I..."

March 10, 2010 1 Responses
New Short Sale Program By Paul M. J. Suchecki
Comment by pharmacy technician: "nice post...."