If you would like to refinance but are underwater, owing more on your mortgage than your home value, you are not alone. The good news, though, is that the number of underwater homeowners dropped in the second quarter of 2011. According to CoreLogic, about 22.5 percent of homeowners with a mortgage were underwater as of [...]
One of the biggest obstacles to refinancing for many homeowners is a lack of equity. Declining home values across the country have left many families owing more on their mortgage loans than their home is worth. In a small piece of good news, CoreLogic, a provider of information and analytics, released data from the end [...]
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3.70 %
2.93%
2.42%
Those in the housing industry believe they're starting to see it come back. While home prices may not have hit bottom, they all believe it's a great time to buy. Read More>>
5 good reasons to refinance your home with an FHA mortgage Should you consider cash-out refinancing?
The majority of mortgage applications these days are for homeowners refinancing their home loans, according to the Mortgage Bankers Association (MBA). Refinancing borrowers tend to pick a fixed-rate h Read More>>
Record low mortgage rates rev up refinance applications Refinance activity slow in spite of low rates
