As rates on Adjustable Rate Mortgages, otherwise known as ARM loans, continue to spiral upwards, many borrowers who are faced with the prospect of their mortgage rate adjusting are exploring their fixed rate options. fixed rate refinance loans, while traditionally considered to be more expensive and less flexible than adjustable ARM mortgages, are now […]

If you are like most borrowers who are in an Adjustable Rate Mortgage, or ARM, you already know when your rates are going to increase, but you’re afraid to do anything about it because of your mortgage’s pre-payment penalty. But you don’t have to wait until your prepayment penalty expires to start the refinancing […]

If you’re currently considering refinancing your home, you may be trying to find a way to cut through all of the rates and payments and option available on the market. “Should I Refinance to Convert into a Fixed Rate?” “How Much Can I Save?” These are all good questions, but the mortgage industry […]

Welcome to Part 2 of our special series on Refinancing, where we are covering the method by which can evaluate whether or not refinancing is a good choice for you. We are focusing on 3 major steps to the process, which are Identifying the Reasons to Refinance, Analyzing the Costs, and Weighing this all […]

In the first two parts of this series on Refinancing, we discussed how to Identify a Reason(s) to Refinance and how to make sense of Closing Costs and the marketing schemes used to conceal them. Finally, we can turn to taking the benefits of refinancing and weighing them against the costs, to see if […]

SPECIAL REPORT:
Self Employed Borrowers Cannot Refinance. Foreclosure on the Rise. (Part 1)
Ongoing upheaval in the mortgage industry may affect self-employed borrowers more than all other types of consumers, and many of them seem to know it already. The most frequently asked question we receive from business owners and independent contractors is “How am I […]

SPECIAL REPORT:
Self Employed Borrowers at Greatest Risk of Foreclosure (Part 2)
It’s a hot topic. Millions of self-employed borrowers who purchased or refinanced a home in the past 5 years under liberal “stated income” or “no documentation” mortgage programs are finding they cannot qualify to refinance their Adjustable Rate Mortgages in today’s market, and are […]

Over the past several months, an increasing proportion of our callers from coast to coast and from all walks of life are experiencing a homeowner’s worst nightmare: Foreclosure, the act by which a lender may demand the liquidation of your property at auction in order to satisfy a delinquent loan. What are the different […]

Love it or hate it, the Payment Option ARM or Pick a Pay mortgage has become one of the most popular home loans in the USA, and is definitely the fastest growing option in high cost states like California, Florida, New York, New Jersey and Connecticut. While many people love the 1% start rates, […]