Archive for Refinancing
This is part 2 of the series, the first part is: Not Time to Refinance Your Home Future Interest Rates With Adjustable Rate Mortgages or ARM Right about now, when you are starting to feel better, someone will throw in your face the fact that even if your rate is good, IT COULD GO UP AT ANYTIME. That, is the second thing that is different. Mortgage companies and customers found that... Read more→
Time To NOT Refinance Your Mortgage
CommentsThe world of adjustable-rate mortgages isn’t very old when it comes to the general population. Sure, the product has been around for a long time, but it wasn’t until late in the 1990s that it turned into the kind of thing your average neighbor would have. That lack of age also means a lack of experience. So when media outlets start reporting about “Black Wednesday” when... Read more→
It was with much fanfare last month that Congress and the Obama administration passed laws putting into effect government programs to help American homeowners with their mortgages. Both The Emergency Economic Stabilization Act, and The American Recovery and Reinvestment Act were front page news all over the country. A lot of this publicity was due to the fact that Americans have started to... Read more→
When considering refinancing your home mortgage, the first step is to get all of the details on what you have now. Sure, you have vague numbers in your head, but that won’t help you answer all of the loan application questions, or make a real hard-numbers based calculation about the value of refinancing. What exactly do you need to know before you dive into looking for low interest rates and... Read more→
Ok, it’s time to look at refinancing the old homestead’s mortgage. I’ve been putting it off because of holidays and the fact that rates can still go lower even though the Fed recently cut rates to zero. Now, it’s time to take a serious look at refinancing and how it might work out for my family. I’ll be posting a series of articles here on Finance Gourmet to help guide... Read more→
