How You Refinance Matters » Mortgage Loan Tutorial

Avoid These Refinance Traps

Robert Regehr — Thu, 21 May 2009 17:39:51 +0000

Avoid these Refinance Traps and you’ll save thousands of dollars in unnecessary mortgage junk fees every year.

Avoid These Refinance Traps is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Get the Lowest Mortgage Payment When Refinancing Your Home Loan

Robert Regehr — Thu, 07 May 2009 01:08:33 +0000

There is a hidden fee that drives up your mortgage payment unnecessarily when refinancing, costing you thousands of dollars. Here’s what you can do about it.

How to Get the Lowest Mortgage Payment When Refinancing Your Home Loan is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Breakdown

Robert Regehr — Thu, 23 Apr 2009 19:11:16 +0000

A mortgage refinancing breakdown can help you avoid overpaying for your next home loan. Here's how.

Mortgage Refinancing Breakdown is a post from Robert Regehr's Mortgage Refinancing Blog.

Origination Fee and Points

Robert Regehr — Sat, 21 Feb 2009 21:38:40 +0000

Here are several tips to help you avoid excessive points and fees when refinancing AND save you thousands of dollars in the process.

Origination Fee and Points is a post from Robert Regehr's Mortgage Refinancing Blog.

Refi Problems You Need to Avoid

Robert Regehr — Wed, 28 Jan 2009 19:56:23 +0000

If you are considering refinancing your home mortgage loan you might be concerned about refi problems that can arise during the closing process. There are a number of junk fees and markup that can turn that new mortgage loan you’re applying for into an expensive mistake. Here are several tips to help you avoid Refi [...]

Refi Problems You Need to Avoid is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing During the Holidays

Robert Regehr — Wed, 24 Dec 2008 18:16:56 +0000

If you are refinancing your home mortgage this holiday season there are several things you need to know in order to avoid paying too much in fees and finance charges. While mortgage rates are at their lowest levels in 50 years there are a number of junk fees and mortgage broker tricks that can quickly [...]

Mortgage Refinancing During the Holidays is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Refinance Your Home Mortgage Loan and Save

Robert Regehr — Fri, 07 Nov 2008 02:05:15 +0000

If you are considering refinancing your home mortgage the interest rate you receive is probably your number one concern for the new loan. What you might not know about that mortgage rate is that the quotes you receive are often padded to give your mortgage company a commission. Here are refinancing tips to help you [...]

How to Refinance Your Home Mortgage Loan and Save is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Closing Costs Defined

Robert Regehr — Sat, 09 Aug 2008 05:21:42 +0000

Mortgage closing costs are fees including loan origination fees, underwriting fees, loan processing fees, discount points, title charges and a host of others…some legitimate, others garbage. The closing costs you will be required to pay when refinancing your mortgage are any fees paid to the mortgage broker or any third party company like the title [...]

Mortgage Closing Costs Defined is a post from Robert Regehr's Mortgage Refinancing Blog.

Understanding The Good Faith Estimate

Robert Regehr — Mon, 30 Jun 2008 23:24:29 +0000

If you are in the process of refinancing your home mortgage loan the Good Faith Estimate can be a source of confusion. While the Good Faith Estimate (GFE) can be a useful tool for evaluating a loan offer, keep in mind that it is just an estimate and treat it accordingly. Here are several tips [...]

Understanding The Good Faith Estimate is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Negotiate With Your Mortgage Broker Today

Robert Regehr — Thu, 28 Feb 2008 03:50:31 +0000

If you’re in the process of refinancing your home you can save yourself thousands of dollars by getting a wholesale mortgage rate. The problem for many homeowners is that that they don’t know how get wholesale rates; most mortgage brokers would simply laugh at you if you told them “give me a wholesale mortgage rate.” [...]

How to Negotiate With Your Mortgage Broker Today is a post from Robert Regehr's Mortgage Refinancing Blog.

Reasons to Refinance

Robert Regehr — Tue, 05 Feb 2008 22:06:04 +0000

If you are considering refinancing your mortgage you might wonder what valid reasons are for taking out a new home loan. There are a number of different reasons people choose to refinance their mortgage loans; with mortgage rates at the lowest levels since 2004, now is the perfect time for you to get a new [...]

Reasons to Refinance is a post from Robert Regehr's Mortgage Refinancing Blog.

What Are Par Mortgage Rates?

Robert Regehr — Mon, 04 Feb 2008 21:55:43 +0000

You might hear people talking about Par mortgage rates from time to time but what does Par mean? Par simply means a mortgage rate with no discount points or Yield Spread Premium attached. This is the rate you want when refinancing or taking out a new loan to purchase your home. Here are the basics [...]

What Are Par Mortgage Rates? is a post from Robert Regehr's Mortgage Refinancing Blog.

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How Mortgage Rates Work

Robert Regehr — Thu, 31 Jan 2008 21:57:57 +0000

Are you considering taking out a new mortgage to refinance you existing loan and want the lowest possible mortgage rate? Did you know that wholesale mortgage are available to the average homeowner who knows how to get them and can save thousands of dollars? Here are several tips to show you how rates are quoted [...]

How Mortgage Rates Work is a post from Robert Regehr's Mortgage Refinancing Blog.

How Do Adjustable Rate Mortgages Work

When Does Mortgage Refinancing Make Sense?

Robert Regehr — Tue, 29 Jan 2008 01:17:54 +0000

You can’t turn on the television these days without hearing about how low mortgage rates are. Following a series of interest rate cuts by the Federal Reserve, mortgage rates are at their lowest levels since 2004… but how do you know if a new mortgage is right for your situation? Taking out a new mortgage [...]

When Does Mortgage Refinancing Make Sense? is a post from Robert Regehr's Mortgage Refinancing Blog.

Nationwide Home Mortgage Loan Company

Robert Regehr — Thu, 03 Jan 2008 21:56:00 +0000

If you are considering refinancing your mortgage with a nationwide home mortgage loan company, there are several things you need to know about the junk fees you’ll be paying. Nationwide mortgage companies like Countrywide are notorious for overcharging and taking advantage of their borrowers. Here are several tips to help you avoid paying too much [...]

Nationwide Home Mortgage Loan Company is a post from Robert Regehr's Mortgage Refinancing Blog.

Sample Good Faith Estimate

Robert Regehr — Tue, 18 Dec 2007 22:51:34 +0000

Many homeowners rely on the Good Faith Estimate when comparison shopping for a mortgage loan. While it’s true that the Good Faith Estimate gives you more information than the Annual Percentage Rate (APR) there are important limitations you need to be aware of before choosing a lender based on this document. Here are several tips [...]

Sample Good Faith Estimate is a post from Robert Regehr's Mortgage Refinancing Blog.

No Fee Mortgages

Robert Regehr — Tue, 18 Dec 2007 00:05:01 +0000

No fee mortgage refinancing simply doesn’t exist. You’ll see advertisers on television like Bank of America bragging about their no cost, no fee mortgages; however, no cost mortgage refinancing is a lie. Here is the truth you need to know about no fee mortgage refinancing to prevent falling victim to these empty promise of no [...]

No Fee Mortgages is a post from Robert Regehr's Mortgage Refinancing Blog.

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Should You Refinance Your Option Adjustable Rate Mortgage?

Robert Regehr — Tue, 11 Dec 2007 22:15:33 +0000

If you purchased your home with an option adjustable rate mortgage because you needed the lowest payment possible you should be very concerned about all the trouble brewing in the mortgage industry. When your option ARM begins resetting coupled with the declining values of homes across the country it could become extremely difficult for you [...]

Should You Refinance Your Option Adjustable Rate Mortgage? is a post from Robert Regehr's Mortgage Refinancing Blog.

Find The Best Mortgage

Robert Regehr — Tue, 20 Nov 2007 01:19:42 +0000

If you are in the market for a mortgage to purchase your home or refinance an existing mortgage doing your homework will help you find the best mortgage for your situation. Doing your homework means researching how mortgage companies and brokers make their money and how this compensation affects your loan. The most common pitfalls [...]

Find The Best Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Refinance Your Second Mortgage Loan

Robert Regehr — Sat, 17 Nov 2007 21:12:20 +0000

If you are a homeowner struggling with the payments for your second mortgage loan, low mortgage rates could help you take back your budget by combining your first and second mortgage into one payment. When your home is secured by only one loan you will qualify for a lower mortgage rate which could result in [...]

How to Refinance Your Second Mortgage Loan is a post from Robert Regehr's Mortgage Refinancing Blog.

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How to Refinance With a Wholesale Mortgage Lender

Robert Regehr — Sat, 10 Nov 2007 19:13:53 +0000

If you are in the process of refinancing your mortgage, a wholesale mortgage lender can save you thousands of dollars. Many homeowners refinance with their bank or local mortgage company and don’t realize they are really getting a retail mortgage rate. Even Internet lenders offer retail mortgage rates to their customers. Finding the right mortgage [...]

How to Refinance With a Wholesale Mortgage Lender is a post from Robert Regehr's Mortgage Refinancing Blog.

Deceptive Mortgage Advertising: It’s a No Brainer

Robert Regehr — Wed, 24 Oct 2007 00:35:36 +0000

You’ve probably seen the television ads claiming that no cost mortgage refinancing is “a no brainer.” Advertisers love to claim that they’ll pay your closing costs and offer zero cost refinancing. Most homeowners responding to these offers don’t realize how much of a lie no cost refinancing is. Here is the truth you need to [...]

Deceptive Mortgage Advertising: It’s a No Brainer is a post from Robert Regehr's Mortgage Refinancing Blog.

Beware Deceptive Mortgage Refinancing Loan Offers

Refinancing Mortgage Rates

Robert Regehr — Thu, 04 Oct 2007 22:39:54 +0000

Rather than looking at the big picture when refinancing their mortgages many homeowners obsess over interest rates without fully understanding how mortgage rates work. This creates a number of problems when refinancing including paying unnecessary fees and markup of your mortgage rate. Here are several tips to demystify mortgage rates and help you find the [...]

Refinancing Mortgage Rates is a post from Robert Regehr's Mortgage Refinancing Blog.

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Wholesale Mortgage Lenders

Robert Regehr — Thu, 20 Sep 2007 19:20:33 +0000

If you are in the market for a new mortgage either to purchase your home or refinance an existing loan, you might wonder if a wholesale lender could save you money. Most homeowners in the United States do not understand how the mortgage markets work and are unable to take advantage of wholesale rates even [...]

Wholesale Mortgage Lenders is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Broker Compensation

Robert Regehr — Thu, 20 Sep 2007 00:37:12 +0000

Very few homeowners understand how mortgage brokers are compensated for their work. As a result, nearly everyone overpays in one form or another…mortgage brokers are very similar to used car salesman. Pressure sales tactics and improper disclosure of fees and markup are common tactics employed by mortgage brokers…so much that the Secretary of Housing and [...]

Mortgage Broker Compensation is a post from Robert Regehr's Mortgage Refinancing Blog.

Insider Mortgage Secrets

Robert Regehr — Mon, 17 Sep 2007 19:02:45 +0000

If you are in the market for a new mortgage loan, doing your homework before applying can literally save you thousands of dollars and many headaches. The mortgage industry has earned a reputation for sleazy sales tactics rivaling the worst used car salesman; most mortgage brokers today only care about pulling in a six figure [...]

Insider Mortgage Secrets is a post from Robert Regehr's Mortgage Refinancing Blog.

Good Faith Estimate Secrets

Robert Regehr — Tue, 11 Sep 2007 20:54:54 +0000

Your Good Faith Estimate is a disclosure document that is supposed to give you an estimate of various fees and costs associated with your mortgage. It is important to understand that the Good Faith Estimate is simply an estimate and does not have to accurately represent your total costs and fees when taking out a [...]

Good Faith Estimate Secrets is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Points

Robert Regehr — Wed, 29 Aug 2007 23:11:20 +0000

Points on a mortgage loan can be one of the most confusing aspects of financing your home. The process of taking out a mortgage is intimidating enough…throw in unfamiliar jargon and fees and you’ve got a recipe for financial nightmares. Points on a mortgage loan come in two flavors and depending on the lender and [...]

Mortgage Points is a post from Robert Regehr's Mortgage Refinancing Blog.

When to Refinance Your Home Mortgage

Robert Regehr — Mon, 27 Aug 2007 20:01:12 +0000

Many homeowners wonder if timing is a factor when refinancing their mortgage loans. With all of the mortgage problems you hear about in the news is refinancing even a good idea? Here are several tips to help you decide if refinancing is right for your financial situation. Should You Refinance? The decision to take out [...]

When to Refinance Your Home Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

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Mortgage Checklist

Robert Regehr — Fri, 24 Aug 2007 22:38:12 +0000

Step One: Do Your Homework Before you consider a new mortgage it is important that you understand how mortgage loans work and which type of loan is right for you. You’ll need to choose a loan based on the type of mortgage interest rate and term length. You have two basic mortgage rates to choose [...]

Mortgage Checklist is a post from Robert Regehr's Mortgage Refinancing Blog.

No Fee Mortgage Refinancing

Robert Regehr — Tue, 21 Aug 2007 20:14:27 +0000

No fee mortgage refinancing sounds like a great deal; however, as most homeowners quickly learn, there are no free lunches when it comes to your mortgage loans. Most of the so called “no fee” mortgages you see advertised simply trade off a higher mortgage rate for the lender’s share of closing costs. Every mortgage has [...]

No Fee Mortgage Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

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How to Pick a Lender When Refinancing Your Mortgage

Robert Regehr — Tue, 21 Aug 2007 00:19:56 +0000

Mortgage refinancing can be a confusing process for many homeowners. Mortgage loans are retail products like the appliances in your kitchen and refinancing is not so much choosinig a lender as picking a loan originator. Here are several tips to help you find a loan originator that won’t take advantage of you when refinancing your [...]

How to Pick a Lender When Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

Is Interest-Only Mortgage Refinancing Right For You?

Robert Regehr — Wed, 15 Aug 2007 18:19:15 +0000

If you are considering refinancing your mortgage with an interest-only Adjustable Rate Mortgage, there are several things you need to know in order to make an informed decision before signing on the dotted line. Adjustable Rate Mortgages come with the risk of payment shock when your lender adjusts the interest rate. Payment shock means waking [...]

Is Interest-Only Mortgage Refinancing Right For You? is a post from Robert Regehr's Mortgage Refinancing Blog.

Three Day Rescission When Refinancing Your Mortgage

Robert Regehr — Tue, 14 Aug 2007 20:29:54 +0000

Most homeowners have heard about rescission but do not understand how it works. The three day rescission allows you time to review all of your documents after closing to make sure the loan you got is the mortgage you were promised. You have until midnight on the third day to cancel your loan for any [...]

Three Day Rescission When Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinancing Your Mortgage

Robert Regehr — Thu, 09 Aug 2007 23:21:21 +0000

Many homeowners that decide to refinance their home mortgage find the process confusing and intimidating. No one wants to be taken advantage of when it comes to their finances and the choices can be overwhelming. Here are several tips to help you get off on the right foot when refinancing your mortgage. Before you start [...]

Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

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Mortgage Refinancing Tips

Robert Regehr — Thu, 02 Aug 2007 18:52:44 +0000

If you are in the market to refinance your mortgage there are several expensive pitfall you’ll want to avoid. Mortgage refinancing can save you thousands of dollars if you go about it the right way. Here are several tips to help you refinance your mortgage without paying too much to your broker or lender. Finding [...]

Mortgage Refinancing Tips is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing for the First Time Homebuyer Part II

Robert Regehr — Wed, 01 Aug 2007 22:37:19 +0000

Continuing with my series on mortgage refinancing for the first time homebuyer I’ll pick up where I left off with mortgage terminology you need to know. If you missed part one you can catch up with Mortgage Refinancing for the First Time Homebuyer. Advanced Mortgage Terminology There are several terms related to key concepts you [...]

Mortgage Refinancing for the First Time Homebuyer Part II is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing for the First Time Homebuyer Part I

Robert Regehr — Tue, 31 Jul 2007 17:45:34 +0000

If you are a first time homebuyer considering a new mortgage loan the process of refinancing can be an intimidating proposition. No one wants to be taken advantage of by a greedy mortgage broker or pay more than they have to for the loan. Doing your homework before refinancing will help you avoid expensive refinancing [...]

Mortgage Refinancing for the First Time Homebuyer Part I is a post from Robert Regehr's Mortgage Refinancing Blog.

Pitfalls of Interest Only Loans When Refinancing

Robert Regehr — Wed, 25 Jul 2007 19:55:00 +0000

If you are considering refinancing your mortgage with an Interest Only or Option Adjustable Rate Mortgage, there are a number of pitfalls you need to know about. While it’s true that interest loans and option mortgages are much riskier than traditional mortgages, when used correctly these loans could save you thousands of dollars. There are [...]

Pitfalls of Interest Only Loans When Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinancing Headaches

Robert Regehr — Fri, 20 Jul 2007 18:21:36 +0000

If you’re in the process of refinancing your home mortgage there are a number of expensive pitfalls you’re likely to encounter along the way. Doing your homework before refinancing will not only help you avoid refinancing headaches but save you thousands of dollars in the process. Here are several tips to help you avoid common [...]

Refinancing Headaches is a post from Robert Regehr's Mortgage Refinancing Blog.

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How Not to Refinance Your Mortgage

Robert Regehr — Wed, 18 Jul 2007 17:50:01 +0000

Here’s an example of how not to refinance your mortgage; a typical refinancing transaction gone wrong. Our homeowner in this is example is called Jackie. Jackie purchased her home in Germantown Maryland, and owes $330,000 on an existing thirty year mortgage at 9% interest. Jackie decides she’d like to refinance her fixed rate mortgage and [...]

How Not to Refinance Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

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How to Compare Closing Costs When Refinancing Your Mortgage

Robert Regehr — Tue, 17 Jul 2007 19:44:37 +0000

Mortgage refinance closing costs can be one of the most frustrating and confusing aspects of refinancing your mortgage. Settlement charges are rarely explained and vary widely from lender to lender. How do you know that the settlement charges listed on your Good Faith Estimate are accurate and fair? Are any of the third party charges [...]

How to Compare Closing Costs When Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Advice

Robert Regehr — Fri, 13 Jul 2007 19:24:25 +0000

If you are in the process of refinancing your home mortgage you might have discovered that everyone and their cousin Jim has advice for you on finding the best deal. While most of the individuals offering advice have good intentions, there is a lot of bad advice and misinformation available, especially online that could cost [...]

Mortgage Refinancing Advice is a post from Robert Regehr's Mortgage Refinancing Blog.

Home Mortgage Loan Refinancing

Robert Regehr — Wed, 11 Jul 2007 17:23:32 +0000

If you are in the market for a new mortgage loan there are several things you’ll to know before refinancing in order to avoid paying too much. Researching mortgage lenders and comparing loan offers will only get you so far; understanding how loan originators markup up interest rates will help you negotiate for a wholesale [...]

Home Mortgage Loan Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Company

Robert Regehr — Tue, 10 Jul 2007 18:21:45 +0000

If you’re in the market for a new home loan and looking for mortgage refinancing company, there are several things you need to know before applying. The most important thing you need to know about mortgage companies is that they are all retail outlets for home loans. What this means is that the mortgage company [...]

Mortgage Refinancing Company is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Help When Refinancing

Robert Regehr — Mon, 09 Jul 2007 19:10:19 +0000

If you are homeowner considering whether or not to refinance your mortgage but don’t know how to get started, there are a number of things you need to know to avoid paying too much. This article will steer you in the right direction when deciding if a new mortgage is right for your situation; however, [...]

Mortgage Help When Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.