Displaying posts tagged with: Refinance

HARP: Two Ways to Save

HARP: Two Ways to Save

HARP, a federal program launched to help homeowners who owe more on their home than it's worth, helps borrowers save in two ways: through lower rates and lower terms. Find out if you're eligible for HARP and act fast as the program ends soon! More

Refinancing: What to Expect

Refinancing: What to Expect

Throughout the term of your mortgage, you may choose to refinance. Find out what you can you expect from the refinance process and how it can affect your wallet – short- and long-term. More

10 for 10

10 for 10

A new research paper examining the effect of payment reduction on default finds that a 10 percent payment reduction decreases expected defaults by 10 to 11 percent. More

Harp, Harp, Harp

Harp, Harp, Harp

If you owe more on your mortgage than your home is worth and haven’t refinanced into a lower interest rate, this HARP is for you. More

What's the Point?

What's the Point?

Your financial house is in order and you're ready to make your dream of homeownership a reality. Now it's time to get a mortgage. As you shop around, you'll see that many lenders offer a menu of mortgage rate-point combinations. So what are these so called "points" and is there a point in paying them? More

Do You Know How You're Scored?

Do You Know How You're Scored?

Your FICO® score is an important part of a lender’s credit decision, influencing the credit that’s made available to you and the terms that you’re offered. It’s calculated using information from several pieces of data from your credit report. Scores range from 300 (worst) to 850 (best). Find out how a FICO Score breaks down. More

Mortgage Rates: From Dirt Cheap, to Cheap

Mortgage Rates: From Dirt Cheap, to Cheap

The same home you considered buying a year ago with a $200,000 mortgage would now cost about $90 more in interest payments per month, or about $1,080 per year, given the general rise in mortgage rates since last year. But let's put this increase into perspective – and take the long view. More