How You Refinance Matters » Mortgage

Overpaying The Loan Origination Fee Could Screw Up Your Refi

Robert Regehr — Sat, 17 Dec 2011 17:38:38 +0000

If you're considering refinancing the loan origination fee can make or break the deal you're getting. Here's what you need know to avoid overpaying.

Overpaying The Loan Origination Fee Could Screw Up Your Refi is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinance No Closing Costs

Robert Regehr — Sat, 18 Dec 2010 22:15:21 +0000

Fact: Refinance no closing costs home loans result in overpaying thousands of dollars in unnecessary markup and junk fees every year.

Refinance No Closing Costs is a post from Robert Regehr's Mortgage Refinancing Blog.

Lowest Current Home Loan Interest Rate

Robert Regehr — Mon, 24 May 2010 00:53:33 +0000

Want the lowest current home loan interest rate for your mortgage? Here’s a dirty secret you need to know that’ll cost homeowners sixteen billion this year.

Lowest Current Home Loan Interest Rate is a post from Robert Regehr's Mortgage Refinancing Blog.

The Truth About Home Refinance Rates

Robert Regehr — Sat, 02 Jan 2010 19:55:22 +0000

The ugly truth about home refinance rates could save you as much as $1200 per year on your next home loan.

The Truth About Home Refinance Rates is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Expenses

Robert Regehr — Thu, 11 Aug 2005 20:36:09 +0000

How to minimize your mortgage refinancing expenses when shopping for a mortgage by avoiding unnecessary junk fees.

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

5 Tips For Cutting Your Mortgage Refinancing Expenses

Should I Refinance

Robert Regehr — Wed, 27 May 2009 00:28:02 +0000

The answer to the question “Should I Refinance” might surprise you in an expensive way. Here’s why.

Should I Refinance is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinance Fees You Need to Avoid Today

Robert Regehr — Sun, 25 Jan 2009 19:37:34 +0000

If you are in the process of refinancing your home mortgage and don’t want to overpay refinance fees when taking out a new loan, there are many junk fees you’ll need to avoid to ensure that you’re getting a good deal. Most of the junk fees you’ll encounter when mortgage refinancing are from the person [...]

Refinance Fees You Need to Avoid Today is a post from Robert Regehr's Mortgage Refinancing Blog.

What To Do If Your Mortgage Refinancing Application Is Denied

Robert Regehr — Mon, 13 Oct 2008 21:47:33 +0000

With the mortgage meltdown underway in full swing you might think getting a mortgage even with good credit would be difficult. This isn’t necessarily the case. The problem many homeowners face when refinancing their mortgages is that home values are declining. If you’re upside down in your home and struggling to refinance there are options [...]

What To Do If Your Mortgage Refinancing Application Is Denied is a post from Robert Regehr's Mortgage Refinancing Blog.

Locking Your Mortgage Rate

Robert Regehr — Fri, 14 Mar 2008 22:59:13 +0000

Mortgage rate locking can be a source of confusion for many homeowners. Lock at the wrong time and you could miss out on a good rate…fail to close before the lock expires and you could miss your rate all together. Locking your mortgage rate when refinancing is more important than you think; your rate lock [...]

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

Refinancing Home Loan

Robert Regehr — Wed, 06 Feb 2008 23:50:20 +0000

When the Federal Reserve lowers short term interest rates mortgage refinancing becomes a hot topic for many homeowners. If you are considering refinancing your mortgage but are concerned about paying too much there are several things you need to know about shopping for a new home loan. Here are several tips to help you refinance [...]

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

No Cost Mortgage Refinancing Is Just a Marketing Trick

Robert Regehr — Sat, 02 Feb 2008 00:02:56 +0000

Are you thinking about refinancing your home loan with a no fee or flat fee mortgage? You can’t turn on the television these days without seeing Ditech’s so-called “Flat Fee” mortgage or no fee home loans from Bank of America, but what’s the catch? If you think that these deals sound too good to be [...]

No Cost Mortgage Refinancing Is Just a Marketing Trick is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinancing Your Mortgage Loan During a Recession

Robert Regehr — Tue, 22 Jan 2008 23:34:22 +0000

Every time you turn on the television these days it seems like the news is bad. Today the story was “World Markets Plummet” like a newspaper headline from a comic book. While today’s news may be filled with stories of higher unemployment and a faltering economy, there is good news for homeowners who are looking [...]

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

Mortgage Refinancing During a Recession

P.O.C Mortgage

Robert Regehr — Thu, 10 Jan 2008 01:08:27 +0000

If you are in the process of refinancing your mortgage you might encounter POC charges. POC stands for “Paid Outside of Closing” and is a fee paid to your mortgage broker. Why does your broker receive this money and should you be concerned about how it affects your mortgage rate? Here are several tips to [...]

P.O.C Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

Current Mortgage Rates

Robert Regehr — Wed, 09 Jan 2008 00:56:41 +0000

If you’re in the process of refinancing your mortgage loan researching current mortgage rates won’t save you a dime unless you fully understand how mortgage rates are quoted. The rate quotes you collect on the Internet and by calling around from the yellow pages are retail quotes that include commission based markup. If you want [...]

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

How to Read Your HUD-1 Settlement Statement

Robert Regehr — Sat, 05 Jan 2008 22:39:34 +0000

If you’re in the process of closing on a new mortgage loan to purchase your home or refinance an existing mortgage, you might find the paperwork provided confusing and misleading. You may have already received a copy of the Good Faith Estimate from your discount mortgage broker and are finding that the actual closing costs [...]

How to Read Your HUD-1 Settlement Statement is a post from Robert Regehr's Mortgage Refinancing Blog.

Steps in Refinancing Your Mortgage

Robert Regehr — Wed, 02 Jan 2008 22:01:50 +0000

If you are considering refinancing your mortgage you might wonder what steps you should take to ensure that you get a good deal on your next home loan. Doing your homework before refinancing will not only save you thousands of dollars, but could prevent many future headaches in the process. Here are the steps you [...]

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

5 Steps to Qualifying for HARP Mortgage Refinancing

Beware Internet Mortgage Scams

Robert Regehr — Mon, 31 Dec 2007 21:36:28 +0000

The Internet is an excellent tool for refinancing your home mortgage and can save you thousands of dollars; however, you need to know that big named mortgage companies run scams online every day. These are companies you see advertising on television and if you’re not careful you could overpay thousands of dollars for your next [...]

Beware Internet Mortgage Scams is a post from Robert Regehr's Mortgage Refinancing Blog.

100% Mortgage Financing

Robert Regehr — Sat, 29 Dec 2007 23:57:53 +0000

Coming up with the necessary down payment to purchase your home can be difficult. For many people achieving the dream of homeownership is only possible with a 100% mortgage loan. Here are the basics you need to know about so called “no money down” or “no down payment” loans. 100% mortgage loans are still common [...]

100% Mortgage Financing is a post from Robert Regehr's Mortgage Refinancing Blog.

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Why You Should Never Refinance Your Mortgage With a Bank

Robert Regehr — Wed, 26 Dec 2007 23:14:19 +0000

If you’re considering refinancing your mortgage for any reason and are thinking of taking out the new loan from your bank, there are several very good reasons why you should not do this. While it’s true that mortgage brokers have a reputation for overcharging their customers, banks are actually worse due to loopholes the laws [...]

Why You Should Never Refinance Your Mortgage With a Bank is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Negotiate for the Best Mortgage Rate When Refinancing

Robert Regehr — Fri, 14 Dec 2007 22:10:23 +0000

If you are in the process of refinancing your mortgage, negotiating for mortgage rates can be very intimidating. You can greatly improve the odds of negotiating successfully by understanding how your mortgage rate is quoted. Here are the basics you need to know about mortgage rates to help you negotiate for a wholesale mortgage rate [...]

How to Negotiate for the Best Mortgage Rate When Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing vs. Second Mortgage Loan

Robert Regehr — Fri, 16 Nov 2007 22:17:06 +0000

If you are homeowner contemplating a second mortgage loan or mortgage refinancing and don’t know which is the better option, here are several tips to help you make an informed decision. Both options have advantages and disadvantages depending on your situation. Mortgage rates are at very low levels and there are still great mortgage deals [...]

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

8020 Mortgage Basics

Robert Regehr — Fri, 09 Nov 2007 01:49:49 +0000

If you are considering 100 percent financing to purchase your home because you lack the necessary down payment, 8020 mortgages could help you secure the loan you need. Here are the basics you need to know about 8020 mortgages to help you decide if this type of loan is right for you. Housing prices are [...]

8020 Mortgage Basics is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Rates – What You Need to Know

Robert Regehr — Tue, 09 Oct 2007 23:53:47 +0000

If you’re shopping mortgage interest rates to purchase your home or refinance an existing mortgage there are several things you need to know to avoid paying too much for the loan. Here are several tips to help you qualify for the best mortgage rate without being taken advantage of in the process. Wholesale vs. Retail [...]

Mortgage Rates – What You Need to Know is a post from Robert Regehr's Mortgage Refinancing Blog.

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Mortgage Crisis Update

Robert Regehr — Tue, 02 Oct 2007 22:53:42 +0000

You’ve probably been hearing about the credit crisis in the mortgage industry recently and a number of people have been asking me what’s really happening. While it’s true the meltdown of the sub-prime or bad credit mortgage industry is affecting conventional mortgage lenders, the impact is not as bad as the gloom and doom you’re [...]

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

Interest Only Refinance

Robert Regehr — Mon, 01 Oct 2007 23:44:23 +0000

If you are considering refinancing your mortgage with an interest only mortgage there are several things you need to know to minimize your risk and avoid paying too much. When used correctly interest only mortgages can give you a lower monthly payment; however, with any Adjustable Rate Mortgage there is always the risk of payment [...]

Interest Only Refinance is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Avoid Adjustable Rate Mortgage Payment Shock

Robert Regehr — Sat, 22 Sep 2007 00:01:39 +0000

If you’re concerned about your mortgage payment amount when the lender resets your Adjustable Rate Mortgage, there are several ways to protect yourself from payment shock. What is payment shock? Imagine waking up one day to a statement from your mortgage lender showing that your payment amount has gone up $650 and you can no [...]

How to Avoid Adjustable Rate Mortgage Payment Shock is a post from Robert Regehr's Mortgage Refinancing Blog.

FHA Secure Mortgage Refinancing

Robert Regehr — Tue, 18 Sep 2007 23:50:50 +0000

Until recently FHA mortgage loans have been slipping into obscurity. Congress has even been talking about doing away with the FHA program; however, the recent meltdown of the sub-prime (bad credit) mortgage industry has brought FHA insured mortgage loans back into the spotlight. President Bush has proposed expanding the FHA program this year (FHASecure) to [...]

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

Interest Only Mortgage Loans Explained

Robert Regehr — Fri, 14 Sep 2007 19:24:08 +0000

Interest-only mortgage loans are a source of confusion for many homeowners. If you need the lowest possible payment while minimizing your risk of payment shock, an interest-only mortgage could be your answer. Here are the basics you need to understand about interest-only Adjustable Rate Mortgages (ARM) to make an informed decision and minimize your risk [...]

Interest Only Mortgage Loans Explained is a post from Robert Regehr's Mortgage Refinancing Blog.

Dirty Little Mortgage Secrets

Robert Regehr — Mon, 10 Sep 2007 20:11:46 +0000

Yield Spread Premium or YSP is the best kept and most scandalous mortgage secret you’ll encounter as a homeowner. YSP is the premium that your lender pays to the mortgage broker for selling you a higher than necessary mortgage interest rate. The more you overpay when refinancing your mortgage, the higher your broker’s kickback from [...]

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

Understanding Foreclosure

Robert Regehr — Fri, 07 Sep 2007 21:07:59 +0000

If you’re falling behind on your mortgage payments and are concerned about losing your home, your first step in avoiding foreclosure is to learn how the process works. State laws regarding foreclosure vary widely; however, the rules in “Deed of Trust” States give your lender two options when foreclosing on your loan. Here are the [...]

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

Mortgage Refinancing Secrets

Robert Regehr — Thu, 06 Sep 2007 21:38:33 +0000

The mortgage industry is complicated and constantly changing. In order to get the best deal possible for your home it is important to understand how the market works and how lenders and loan originators make their money. In doing this you will be able to make educated decisions that affect your financial well-being. Mortgages loans [...]

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

FHA and VA Streamline Mortgage Refinancing

Robert Regehr — Tue, 28 Aug 2007 19:45:00 +0000

VA and FHA mortgages are government insured loan programs intended to help those with low income and veterans purchase homes. Because these loans are insured by the Federal government they have less risk for mortgage lenders allowing people that might not otherwise qualify to purchase homes. Traditional mortgage loans are also insured; however, they are [...]

FHA and VA Streamline Mortgage Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

FHA Streamline Refinance Definition

Your Ideal Refinancing Mortgage Rate

Robert Regehr — Wed, 08 Aug 2007 18:24:54 +0000

If you’re a homeowner considering refinancing your home mortgage loan, one of your primary concerns for the new loan is the mortgage rate you receive. Many homeowners don’t understand how the interest rates they are quoted are determined or what they can do to improve that rate. Here are the basics you need to know [...]

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

Mortgage Refinance Information

Robert Regehr — Tue, 07 Aug 2007 20:20:40 +0000

If you are a homeowner considering a new mortgage to refinance your existing loan, the process can be intimidating. No one wants to pay too much for anything and mortgage refinancing is no exception. You may have arrived at this site searching for “mortgage refinance information” and you’ve come to the right place. Here are [...]

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

Does Mortgage Refinancing Make Sense For You?

Robert Regehr — Mon, 06 Aug 2007 18:49:16 +0000

There are a variety of good reasons for refinancing your mortgage. Many homeowners refinance because they want a better mortgage rate, a lower payment, they’re unhappy with the lender, or need to borrow cash from their home equity. These are all valid reasons for refinancing your mortgage, despite the so called “two percent rule.” The [...]

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

How to Spot Hidden Markup When Refinancing Your Mortgage

Robert Regehr — Thu, 26 Jul 2007 21:19:25 +0000

If you’re in the process of shopping for a new loan to refinance your existing mortgage, there are several things you need to know about the quotes you receive. Many homeowners don’t realize that mortgage loans are retail products and like anything else you purchase they’re marked up by the “middleman” for a profit. Here [...]

How to Spot Hidden Markup When Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

How to Refinance a Mortgage

Robert Regehr — Mon, 02 Jul 2007 23:16:04 +0000

If you’re a homeowner “newbie” looking to refinance your mortgage for the first time or a seasoned real estate investor looking for money saving tips when refinancing you need to learn everything you can about Yield Spread Premium. According to the Secretary of Housing and Urban Development, homeowners in the United States will overpay nearly [...]

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

Wholesale Mortgage Rates When Refinancing Your Home

Robert Regehr — Fri, 29 Jun 2007 19:47:40 +0000

Did you know refinancing your mortgage is just like car buying? Most homeowners don’t know that mortgages are retail products like cars; suggested retail value is not what you want to pay when buying a car or refinancing your mortgage. Here are several tips to help you pay less when refinancing your mortgage with a [...]

Wholesale Mortgage Rates When Refinancing Your Home is a post from Robert Regehr's Mortgage Refinancing Blog.

Colorado Home Mortgage Refinance Loan

Robert Regehr — Tue, 26 Jun 2007 19:37:18 +0000

If you are a Colorado home owner considering a new mortgage loan, there are several steps you can take to avoid paying too much when refinancing. Comparison shopping mortgage offers will only get you so far unless you know how to negotiate for wholesale mortgage rates. Here are several tips to help you refinance your [...]

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

Understanding Mortgage Refinancing Closing Costs

Robert Regehr — Fri, 22 Jun 2007 19:05:31 +0000

The majority of confusion homeowners have when refinancing their mortgages comes from closing costs. Many homeowners simply don’t know which closing costs are legitimate and what reasonable third party charges are. When refinancing your mortgage there are basically three ways to pay your closing costs. The most common and most expensive method for paying your [...]

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

Beating the Mortgage Game

Robert Regehr — Mon, 18 Jun 2007 21:35:29 +0000

If you’re in the process of refinancing your home loan you might be concerned with finding the right lender and interest rate for your new loan. Finding the lowest mortgage rate will save will save you thousands of dollars over the lifetime of your loan. What many homeowners don’t know about mortgage refinancing is that [...]

Beating the Mortgage Game is a post from Robert Regehr's Mortgage Refinancing Blog.

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Refinancing With an Option Adjustable Rate Mortgage Loan

Robert Regehr — Wed, 13 Jun 2007 19:14:49 +0000

Option ARMS are mortgage loans with the flexibility of choosing how your payments are structured. This “twist” combines the lower introductory interest rate with the ability to pick your payment amount. These loans feature a minimum payment amount that could be as low as one percent, an interest only payment, a payment based on thirty [...]

Refinancing With an Option Adjustable Rate Mortgage Loan is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Problems

Robert Regehr — Tue, 12 Jun 2007 19:22:03 +0000

Mortgage foreclosures are on the rise and lenders are tightening up their standards for approving loans. If you’re in the market to refinance your mortgage there are several problems you’ll want to avoid. You may have seen in the news that lenders are taking a beating because of the collapse of the bad credit or [...]

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

Finding the Perfect Loan When Refinancing Your Mortgage

Robert Regehr — Mon, 11 Jun 2007 23:43:32 +0000

Understanding the basics of the mortgage refinancing process will help prepare you for choosing the right mortgage loan for your situation. The process of obtaining a mortgage can be complicated; however, the basics are simple to understand. The little bit of knowledge you learn today could save you thousands of dollars in unnecessary finance charges. [...]

Finding the Perfect Loan When Refinancing Your Mortgage is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Terminology You Need to Know

Robert Regehr — Mon, 04 Jun 2007 17:50:03 +0000

If you are in the process of refinancing your home loan, doing your homework can save you thousands of dollars. Learning mortgage industry lingo is an important part of doing your homework. If your loan representative perceives that you know what you’re doing (even if you don’t) they will be less like to try and [...]

Mortgage Refinancing Terminology You Need to Know is a post from Robert Regehr's Mortgage Refinancing Blog.

Cash Out Mortgage Refinancing Basics

Robert Regehr — Thu, 31 May 2007 00:05:17 +0000

Cash out mortgage refinancing is the process of borrowing more than you owe on your existing loan and keeping the difference. For many homeowners cash out refinancing is an affordable alternative to a second mortgage or a home equity line of credit. Suppose for example you owe $100,000 on a $200,000 mortgage and want $25,000 [...]

Cash Out Mortgage Refinancing Basics is a post from Robert Regehr's Mortgage Refinancing Blog.

Adjustable Rate Mortgage Refinancing

Robert Regehr — Sat, 26 May 2007 22:47:39 +0000

In recent years homeowners had little choice when refinancing their loans beyond the traditional 30 year fixed interest rate mortgage. Today, Adjustable Rate Mortgages offer a variety of choices for every financial situation. Personal finances in the United States are different today than in the past; homeowners move and change jobs much more frequently than [...]

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

When Banks Compete You’ll Lose

Robert Regehr — Tue, 15 May 2007 21:48:45 +0000

Everyone’s seen the television commercials claiming to get mortgage lenders competing for your business. Is refinancing your mortgage using a company with an advertising budget as large as Lending Tree a good idea? The answer to this question will surely surprise you. Take a look at Lending Tree’s website and you’ll find a link at [...]

When Banks Compete You’ll Lose is a post from Robert Regehr's Mortgage Refinancing Blog.

The Best Reasons for Mortgage Refinancing

Robert Regehr — Mon, 14 May 2007 22:15:02 +0000

Mortgage refinancing offers several ways to pay off debts and reduce the burden on your monthly budget. Refinancing your mortgage could allow you to lower your monthly payments and pay off your credit cards and other high interest debts. Borrowing against the equity in your home could even allow you to purchase a new car. [...]

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

Is No Fee Mortgage Refinancing a Gimmick?

Robert Regehr — Fri, 11 May 2007 22:15:42 +0000

Bank of America recently announced that their no fee mortgage is now available nationwide. Are no fee mortgages simply a marketing gimmick? Before you rush over to the nearest branch there are a few things you need to know about bank originated mortgage loans. No cost mortgage loans come with above market interest rates to [...]

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