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Mortgage Refinancing Articles
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August 21, 2007
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 [...]
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August 20, 2007
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 [...]
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August 15, 2007
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 [...]
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August 14, 2007
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 [...]
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August 9, 2007
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 [...]
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