http://www.refinancingright.com/blog Home Refinance Tips and Talk Thu, 15 Jul 2010 18:18:15 +0000 http://backend.userland.com/rss092 en Some economists predicted that mortgage rates would be higher by now compared to last year, but low interest rates continue to tempt homeowners to refinance. Deciding whether the time is right to apply for a mortgage refinance depends on three factors: How long you plan to stay in your home. If ... http://www.refinancingright.com/blog/home-refinance/is-it-time-to-refinance.html Homeowners with a home equity line of credit, a home equity loan, or a second mortgage may want to refinance one or both of those mortgage loans to reduce their monthly payments, switch to a fixed-rate loan, or shorten the length of the loan. Today's tightened credit standards mean that ... http://www.refinancingright.com/blog/home-refinance/is-a-second-mortgage-an-obstacle-to-refinancing.html Personal finance columnist Liz Pulliam Weston, who writes regularly for MSN Money, summarized several debt pay-off plans, suggesting that each individual needs to find the plan that fits her needs. Debt management is a lot like dieting, requiring reduced spending instead of fewer calories, along with extra income instead of ... http://www.refinancingright.com/blog/home-refinance/prioritize-your-debt-and-consider-refinancing.html The decision to refinance a home loan should be based on individual circumstances, not necessarily this week's mortgage rate. Homeowners should review their finances and develop a budget annually that reflects their goals. Gathering refinancing information should be part of that process. Reasons to Consider Mortgage Refinancing Determining why you want a ... http://www.refinancingright.com/blog/home-refinance/how-to-fit-refinancing-into-your-budget.html Recent decreases in home values have left many homeowners unable to take advantage of refinance opportunities. But even with low home equity, you may still be able to refinance your mortgage. Many lenders are willing to approve a home refinance of up to 90% or sometimes even 95% of your ... http://www.refinancingright.com/blog/home-refinance/options-for-refinancing-with-low-equity.html Homeowners who want to refinance sometimes bump up against two obstacles: first, their home may not be worth as much today, so they lack the equity to refinance. Second, the homeowners may have increased their spending over the years and find themselves with too much debt to qualify for a ... http://www.refinancingright.com/blog/home-refinance/refinancing-and-controlling-your-debt.html Refinancing your home to a better interest rate may save you lots of money over time, but many homeowners struggle with how to pay the upfront fees. One solution is a no-cost refinance--a term that refers to a number of ways the closing costs can be bundled into your refinance ... http://www.refinancingright.com/blog/home-refinance/the-cost-of-no-cost-refinancing.html When you're just starting out, the best mortgage is often one that lets you make lower payments in the early years and bump them up them as your career takes off and your earnings increase. And there are many interest-only and ARM products available to meet this need. But what ... http://www.refinancingright.com/blog/home-refinance/refinance-or-reamortize-your-mortgage.html Debt management (not to be confused with debt settlement) involves restructuring your debts to lower your payments and interest rates. The idea is to help you pay off your consumer debt faster. Debt management typically involves some counselling to help you learn about budgeting, making your payments on time, and ... http://www.refinancingright.com/blog/debt-management/can-debt-management-improve-your-financial-health.html The new GFE is expected to save borrowers an average of $700 per mortgage transaction, according to HUD. It makes shopping for a mortgage refinance easier and more transparent, putting the terms of your home loan upfront where you can easily see them, and including a worksheet to compare different ... http://www.refinancingright.com/blog/home-refinance/my-lender-wont-give-me-a-good-faith-estimate.html