Should You Refinance Now?
Updated Oct. 9, 2013
     Many people are trying to determine the perfect time to refinance their home. Interest rates are very low and we can never perfectly time the market. Therefore, the prime question should be how much will I save by refinancing now? It is always advantageous to pull out all of your...

Should You Get a Reverse Mortgage
Updated Oct. 9, 2013
Reverse Mortgages are very unique and many people find them hard to understand. In fact, I have found that some Financial Professionals have trouble explaining the concept. So the question is, what is a reverse mortgage?. A type of mortgage in which a homeowner can borrow money against the value of...

Your Mortgage News Source Fixed Refinance Rate Today - Current Affordable Mortgage Rates Available
Updated Oct. 9, 2013
If you desire a fixed refinance rate today then you must know that current affordable mortgage rates are available. At the present time the 30 year fixed mortgage rate is around 4.82% which is very low when looking at historical mortgage rates. This is a very affordable level and it would be wise to take advantage...

Improving your FICO credit score
Updated Oct. 9, 2013
Improving your FICO credit score. It's important to note that raising your FICO credit score is a bit like losing weight: It takes time and YES, you can definitely do something about it. The best advice is to manage credit responsibly over time. Just following these tips help with raising your credit score.. Pay...

Refinance: Is It Right For You
Updated Oct. 9, 2013
Why Refinance?. REASON TO REFINANCE: Most people want to reduce their monthly payments; some want to consolidate outstanding debt, such as combining a first and second mortgage into a new first mortgage. Refinancing requires an application, credit check, title search, and as well as an appraisal.. EQUITY: Some...

Mortgage Refinance Options
Updated Oct. 9, 2013
The Home Affordable Refinance Program is giving homeowners with an underwater mortgage more options when it comes to refinancing their home loan to a more affordable rate. Homeowners that owe more on their home than it's worth are in a frustrating situation, but there are options available.. Many...

Refinance for Homeowners in Distress
Updated Oct. 9, 2013
A HARP refinance isn't always fast and easy. Ask Joseph DeLucia, who got a mortgage refinance under the Home Affordable Refinance Program. From application to closing, the process took six months.. His refinance rate is a lot lower than the rate on his original mortgage, and the payment is $300 per month less....

How to get approved home mortgage refinance loan
Updated Oct. 9, 2013
With low interest rates, getting a home mortgage refinance loan has become a very attractive option for many home owners who could save thousands of dollars on their mortgage interest repayments. Unfortunately, the savings from getting a bad credit mortgage refinancing to a lower interest rate are out of...

Home Purchase 101- Getting Pre-Approved Fast
Updated Oct. 9, 2013
A pre-approval is issued by the lender and is used by the real estate agent. This pre-approval is presented to the seller when an offer is made by the borrower on the property. This letter shows the agent and seller that the buyer is approved for an FHA loan. Although it is not a final loan commitment, it can result in a...

Should You Refinance?
Updated Oct. 9, 2013
If you are interested in refinancing your home because of the historically low mortgage refinance rates now being offered by mortgage lenders, you need to be sure refinancing is for you before proceeding. In some cases, a refinance may be just the thing you need to do but in other cases a refinance can do more harm...

How does credit scores influence your Refinance?
Updated Oct. 9, 2013
It's cheaper to finance a home and easier to keep it. The average for 30-year fixed-rate mortgages has dropped to the lowest level in decades for the ninth time in 10 weeks. The average at 4.36 percent is down from 4.42 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971.. Also,...

Home Refinance with Troubled Credit
Updated Oct. 9, 2013
A home for every American' created a home rush similar to the gold rush of 18th century. It was the time when an individual could easily get the home loan. It has not remained the same any more. It has become difficult to avail the home loans that suit the best and the bad credit score has increased difficulty blind...

Cash-In Refinance Review
Updated Oct. 9, 2013
With mortgage rates near historic lows, some homeowners are bringing checks to the closing table as part of the "cash-in" refinancing trend.. Unlike a cash-out refinancing -- where the new mortgage is for more money than the original loan -- a cash-in refinancing involves a refinanced mortgage for less than the...

Refinancing and Credit Scores
Updated Oct. 9, 2013
Fixing your credit score. A few credit points are not necessarily a huge gap to fill. Here are some ideas to help you boost your credit score in the short-term, while you're focusing on becoming more financially stable in the long-term.. 1. Give older cards a wake-up call. Credit companies like to see that...

New York and Home Refinance
Updated Oct. 9, 2013
People often choose to refinance their mortgage for a variety of different reasons including home repairs, medical bills, paying off school loans, etc. Many mortgage professionals advise only to take on this extra debt if it is absolutely necessary. Before considering this option you may want to think about...

Reverse Mortgage for New Yorkers
Updated Oct. 9, 2013
It's Time to Spend Retirement on Your TermsA Reverse Mortgage is a loan that allows eligible senior homeowners age 62+ to convert a portion of their home equity into a stable source of tax-free supplemental cash flow. A Reverse Mortgage gives you the ability to enjoy financial security and peace of mind,...

Obtaining a Mortgage with Bad Credit?
Updated Oct. 24, 2014
Finding Mortgages and Refinancing With Bad Credit. So, what do you do if your credit reports make you want to hide under the covers and never use your credit cards again? Relax, you can turn your ratings around.. Mortgage lenders look at the "age," dollar amount, and payment history of your different credit lines....

Items Needed to Purchase or Refinance a Home in New York
Updated Oct. 9, 2013
When you begin shopping for a mortgage, make sure you compare identical loans to each other and ask for a good faith estimate (GFE) from each lender. This way, you can compare costs for each mortgage loan type. Your buyer's closing costs will probably include a loan point or two.. Before Talking to a Mortgage...

SONYMA Products for New York State
Updated Oct. 24, 2014
The State of New York Mortgage Agency (SONYMA) offers five mortgage programs to assist first-time homebuyers with the purchase of a home in New York State.. The five mortgage programs feature competitive interest rates, low down payment requirements, flexible underwriting guidelines, no prepayment...

New York Mortgage Rates DROP
Updated Oct. 9, 2013
Long-term mortgage rates moved lower for the second consecutive week, with a 30-year mortgage falling back below 3.5 percent.. Freddie Mac's weekly rate report says the average rate on a 30-year fixed-rate mortgage fell to 3.43 percent in the week ending April 11, down from 3.54 percent last week. The average...