Archive for the ‘Home Loan Refinancing’ Category

Home Loan Refinancing

What? You still haven't refinanced your home after the huge 2009 interest rate slashing? Well, you probably had your reasons. Credit issues, personal problems, lack of time, or simply not having the down-payment cash on hand can all get in the way of refinancing your home loan when the time is right.

So how do you get the best deal now on a home loan refinance? It will take a little research... But don't worry, we've taken the worst of it out for you.

This page has on it the latest news about home loan refinancing and the housing market in general.

Simply read the posts below on this page to get started with your research and choose a home mortgage from an online marketplace such as bankrate.com or compete.com that best fits your needs. But whatever you do, don't skip the all-important research step, so that you'll know exactly which type of loan is right for your situation.

I’m Upside Down. How Can the New Bill Help Me?

June 14th, 2009

I owe more on my home than it is worth. I'm struggling to pay my monthly payments but I am not late yet. My question is that how can the new bill help me?

I'm trying to find out what the first step is and if my lender will be willing. My understanding of the new bill is that it is voluntary are the part of the lender, no mandatory.

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!

Posted in Behind On Mortgage, General Mortgage, Help with mortgage, Home Loan Questions, Home Loan Refinancing, Loan Modification Help, Mortgage Modification, Mortgage Problems, Refinance, Refinance Questions, Upside Down Mortgage FAQs |

Tags: first step, lender, new bill, new bill help, upside down |

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Am I Eligible for Refinancing?

June 5th, 2009

Since the interest rates are very low right now, many people are thinking about taking advantage of the current low rates. One way to do this is to refinance their existing mortgage loans. However, some people are not sure if they can do that because you still have to have good credit as well as qualify in other ways in order to be eligible for refinancing. The good news is that the government is trying to help. The bad news is that not everyone can be or will be helped. But, you can find out, roughly, if you qualify for refinancing by answering simple and quick questions that the government has provided on its website called Making Home Affordable (http://makinghomeaffordable.gov/refinance_eligibility.html). By answering these questions, you can find out very fast if you can refinance your current mortgage.