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Mortgage Refinancing Articles

mortgage refinancing mistakes

Nationwide Home Mortgage Loan Company

January 3, 2008

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 [...]

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Is Interest-Only Mortgage Refinancing Right For You?

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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Pitfalls of Interest Only Loans When Refinancing

July 25, 2007

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 [...]

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How Not to Refinance Your Mortgage

July 18, 2007

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 [...]

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5 Costly Mortgage Refinancing Mistakes

February 26, 2007

If you are a homeowner who is considering mortgage refinancing, there are a number of costly mistakes that result in overpaying thousands of dollars for your new loan. Doing your homework and researching mortgage lenders will help you avoid 90% of the costly mistakes homeowners make. Here are five costly mistakes you need to avoid [...]

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