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HARP Loans For Underwater Homeowners To Refinance Into Lower Mortgage Rates

Article by Karan Agarwal For much of the past year, mortgage rates have been at or near record low points. Unfortunately, many homeowners have been unable to take advantage of these rates due to declining home equity. Many homes have lost significant amounts of value since the housing market peaked in 2006. As a result, many homeowners now owe more on their mortgage than their home is worth (this condition is known as being “underwater” or “upside-down” on one’s mortgage). Homeowners who lack equity in their homes are frequently unable to meet the loan-to-value (LTV) ratios required by lenders in order to refinance their mortgages. These borrowers may be missing out on thousands of dollars worth of savings. In response to this situation, the government created the Home Affordable Refinance Program (HARP). … Read entire article »

Filed under: Mortgage Refinancing

Mortgage Refinancing Leads to Lower Interest Rates

Article by David Nalin Typically, most Australians religiously made monthly instalment repayments until a home loan is paid. However, mortgage refinancing has become a popular option for homeowners seeking to save money. The average duration for an Australian home loan has been reduced to between four to five years in the past decade. There are many reasons Australians seek mortgage refinancing. Getting a Better Deal The prevalent reason for mortgage refinancing is to get a better deal. Many people believe finding a lower interest mortgage financing is that better deal but there are other aspects about securing mortgage refinancing that need to be considered such as the fees accompanying any loan transaction. Any consumer considering mortgage refinancing needs to examine each and every aspect about a particular loan to determine if it is, … Read entire article »

Filed under: Mortgage Refinancing

Is there any way to lower your monthly payments for you student loans after consolidation?

Filed under: Student Loan Help

is it possible to lower your mortgage payment without refinancing ??

I would like to put the needed amount of escrow payments into my mortgage company’ escrow account to pay my taxes for a year and lower my mortgage payment by the monthly { tax ] deduction ,, Is this possible ? sorry,, I should have said that I am trying to eliminate the monthly deduction…. … Read entire article »

Filed under: Mortgage Refinancing

Will refinancing a home lower the mortgage and interest rate?

Filed under: Mortgage Refinancing

Student Loan Consolidation – Will it lower my mthly payment?

By the time I finish school next year, I figure I will owe the following in sub/unsub student loans: $12,990.02 2.875% (Student loan deferred from last time I was in school, 82 mths (of the 120) left in payment term.) $10,884.10 6.80% $13,000.00 6.80% I used the payment estimator and it said my monthly payment will be $455.26! Will my mthly payment be lower when I consolidate the loans? … Read entire article »

Filed under: Student Loan Help

Can debt relief services affect your credit if you use them to lower your interest rate?

I am planning to sign up for Care One debt relief services to help me consolidate my CC debt. Do you think this will actually work? will this affect my credit rating? Does anyone have an opinion about this company and their services. I was reading their blog and for the most part it sounds like it really works but I’m trying to search for more answers. Thank you in advance for any suggestions or feedback. … Read entire article »

Filed under: Debt Relief

What mortgage companies are best for refinancing at lower rates?

Filed under: Mortgage Refinancing

Will my monthly mortgage lower, without refinancing, if I pay in lump-some?

If I have a loan of 200k started say last month and my monthly mortgage is 700, and I pay off 50k in one lumpsome amount next month, will my mortgage be lower than 700 automatically without refinancing? Is it different for any of the mortgage programs, 30 yr fixed, 7/1 ARM. … Read entire article »

Filed under: Mortgage Refinancing

If I have already consolidated my student loans, is there still a way to “refinance” for a lower rate?

I currently have a 7.625 rate on my consolidated student loans. Is there a refinancing process for student loans the same way there is for, say, a mortgage? … Read entire article »

Filed under: Student Loan Help

I am refinancing for a lower mortgage rate what will the appraiser do?

I purchased my home one year ago and now I am refinancing. The appraiser is coming next week. What will they do? If a spare room and garage is messy will that affect the appraisal cost? Will they look in my closets? What if the appraised value changes good or bad over when I purchased it last year? Does that change the loan or my taxes? Thanks Bill can you answer the part about value? What if the appraised value changes good or bad over when I purchased it last year? Does that change the loan or my taxes?I appreciate you sharing your expertise. … Read entire article »

Filed under: Mortgage Refinancing

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