refinancing

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.

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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

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Posted on: Monday, September 28, 2009
Warning: Your Option ARM Could Soon Reset
Warning: Your Option ARM Could Soon Reset

The problem occurs if you’ve been only paying the minimum. The mortgages reset to higher payments when the mortgage balance hits its principal caps, typically 110-125% of the original loan.

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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.

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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.

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Posted on: Friday, April 17, 2009
Knowledge is Power
Knowledge is Power

When the news seems bad, it’s all too easy to curl up into a ball and hope that the world goes away. Denial and paralysis get you nowhere fast.
As I write this, I just learned the news of the biggest real estate bankruptcy in American History. General Growth, the owner of California’s Glendale Galleria has [...]

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Posted on: Wednesday, April 15, 2009
Act Now, Time is Wasting
Act Now, Time is Wasting

What should they do if they lose their jobs or see their income drop dramatically?

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Posted on: Sunday, April 12, 2009
Mortgage Cramdowns – The End of the Housing Market as we know it?
Mortgage Cramdowns – The End of the Housing Market as we know it?

As you can tell from the title, I am not a big fan of this recently proposed legislation. I come from the side of old school, I guess. This is the side that says when you sign a document that says “Promissory Note” and starts with the line, “I hereby promise to pay”, that the [...]

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Posted on: Friday, April 10, 2009
Welcome to the MortgageOutreach.org blog!
Welcome to the MortgageOutreach.org blog!

We created our blog in hope of providing a clear voice and a helping hand in today’s difficult housing times.

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