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Mortgage Refinancing Articles
Mortgage rates were little changed last week. Fixed 30 year mortgage interest rates dropped to an average of 5.78% compared with 5.79% the week before. While the 30 year interest rate is below the 2005 high of 6.08% from March, it matches its level of last summer. The National Association of Realtors also reported that [...]
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The number of people applying for home mortgages loans decreased last week, with mortgage activity falling for the first time this summer despite steady interest rates, an industry group said today. The Mortgage Bankers Association said its adjusted index of loan applications dropped .7 percent to 756.2 for the last week. MBA’s buyer’s index, a [...]
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What documents are required to qualify for a mortgage loan? Depending on the type of program you are qualifying for your lender may require detailed documentation of your income and assets, or even no documentation at all. There are programs that allow you to verify only your assets but not your income. These programs serve [...]
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Will refinancing be worth your while? Refinancing can be worthwhile, but it does not make sense for every mortgage holder. A general rule is that refinancing becomes worth it to you if the current interest rate on your loan is at least 2 percentage points higher than the current mortgage interest rate. This rule is [...]
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If you are a homeowner looking for Mortgage Companies Memphis sign up for a free guide, Five Things You Need to Know Before Refinancing a Mortgage. This guide will save you thousands of dollars when refinancing your home through Memphis mortgage companies. Five Things You Need to Know Before Refinancing a Mortgage is a free [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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