Just when it looked as if they couldn't fall any further, they did. Rates on 30-year fixed-rate mortgages (excluding jumbos) hit an average of 4.3% in September, the lowest level since 1953.
So the new plan is to refinance the old mortgages into new LOWER interest mortgages and save BIG TIME!!! It’s all money right in the taxpayers pocket..
I know this sounds like the old refinance deal that created all the “cancerous” “toxic” and “bad” paper that...
UPDATE MARCH 8th: I'm happy to report that things are looking up for the Sleeper family - it looks like they'll be getting private financing to keep their family "cave", after all. Here's an...
created by Mary Richard | 2 years ago | updated 2 years ago 1434 views | 61 recommendations | 18 comments
Freddie & Fannie Loans: 98.6% Are Current Last week the Federal Housing Finance Agency Mortgage Metrics Report was released (10/22/08) by Fannie Mae and Freddie Mac. This quarterly report is a, “Disclosure and Analysis of Fannie Mae and Freddie Mac Mortgage Loan...
More bad news for the US subprime crisis. It may not be a total shock that the number of US home forclosures increased in the first quarter, but the number is truly staggering."U.S. foreclosure filings more thandoubled in the first quarter as payments rose for...
"Deregulating the Dream
America is close to being a 3rd world country when it comes to class and wealth.
My take:
Americans (mostly republican) constantly brag about how we are the BEST at everything, the problem is that we are not.
Its time we faced facts and started...
created by 911review | 4 years ago 710 views | 0 recommendations | 0 comments
Inlanta Mortgage, your local Wisconsin and Illinois mortgage broker, offers first time home buyer, 80/20, cash out refinance, jumbo, construction, lot loans, no money down, refinance, 100% financing, interest only, investment, my community mortgage, FHA, VA and rural housing...
created by ameristar02 | 4 years ago | updated 2 years ago 496 views | 0 recommendations | 0 comments
Inlanta Mortgage, your local Wisconsin and Illinois mortgage broker, offers first time home buyer, 80/20, cash out refinance, jumbo, construction, lot loans, no money down, refinance, 100% financing, interest only, investment, my community mortgage, FHA, VA and rural housing...
created by ameristarmad | 4 years ago | updated 2 years ago 733 views | 0 recommendations | 0 comments
"At Jazz Fest, final acts mean tradition
By MARY FOSTER, Associated Press Writer Sun May 6, 8:26 PM ET
NEW ORLEANS - Ben Wilson was a contented man Sunday at the New Orleans Jazz and Heritage Festival.
Wilson,...
"Currently my girlfriend and I are caught up in the mortgage fiasco surrounding New Century Financial which is the parent company of Home123 who she is trying to refinance through.
Unfortunately our fiasco began back in November of 2006 with Beneficial in Olympia WA. and we...
created by dmc68 | 4 years ago 814 views | 0 recommendations | 0 comments
"US Airways Group Inc. has reached an agreement with Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc. to borrow up to $1.6 billion.
The funds would allow the airline to refinance $1.25 billion of its senior secured debt and $325 million of unsecured...
"Mortgage packages could be mouth watering but in so many instances it does turn out to be what it should be. so how can you avoid losing your home and ruining your credit? "
""Since it costs money out of my pocket to refinance, how do I know whether or not I will end up saving money?"
To save money, you must stay in your house longer than the "break-even period" â the period over which the interest savings just cover the refinance costs. The...
As many are aware, multiple inquiries in a short period of time can affect credit scores. Yet without shopping around how can you be sure you are getting accurate information and at a fair cost structure?
created by loanman | 5 years ago 248 views | 0 recommendations | 0 comments