http://www.refinancingright.com/blog Home Refinance Tips and Talk Fri, 19 Mar 2010 19:22:36 +0000 http://backend.userland.com/rss092 en Borrowers who took out adjustable rate mortgages three or four years ago have seen their loan rates move with financial indexes to about 3%. However, with analysts predicting that rates on mortgage loans of all types should increase in the coming years, even happily ARMed homeowners are contemplating a switch ... http://www.refinancingright.com/blog/home-refinance/refinance-to-an-arm.html As a loan officer I used to plot several graphs for my clients considering adjustable rate mortgages (ARMs). I'd routinely show them the best case, worst case, and most likely scenarios, and let them decide if they wanted the savings of the ARM or the safety of the fixed loan. ... http://www.refinancingright.com/blog/home-refinance/your-adjustable-rate-mortgage-blessing-or-bomb.html Whether you can get approved to refinance a stated income mortgage today depends to some extent on the reason you took out such a loan in the first place. If you needed one because you just didn't want to deal with complex self-employment forms, or your business didn't yet have ... http://www.refinancingright.com/blog/home-refinance/refinancing-a-stated-income-mortgage.html The Home Affordable Refinance Program, or HARP, was created to let creditworthy homeowners who have too little equity to get a home loan through normal channels refinance to the best available mortgage rates. To qualify, you don't have to demonstrate a financial hardship--in fact you should not be in default ... http://www.refinancingright.com/blog/home-refinance/music-to-your-ears-the-harp-refinance.html Today, conforming loans are very different than they used to be. Fannie and Freddie have been taken over by the government, and the government doesn't want them getting silly with taxpayers' money (any more). So, they have implemented what is known as risk-based pricing. Risk-based pricing is similar to what ... http://www.refinancingright.com/blog/home-refinance/your-mortgage-refinance-whats-a-late-payment-gonna-cost-you.html Debt management and debt consolidation are both tools that can help make your debt more affordable. In fact, debt consolidation can be part of a debt management strategy. Here's how. Debt Management Techniques Debt management usually involves making a monthly payment to a debt management or credit counseling company, which then divides ... http://www.refinancingright.com/blog/debt-management/how-is-debt-management-different-from-debt-consolidation.html Are you sick of all the advertisements proclaiming that interest rates are under 5%, when you can't get anything lower than 6.5%? Jumbo lenders feel your pain, and there may be a way around it. Your Big Fat Mortgage Refinance What can you do to get a lower interest rate today on ... http://www.refinancingright.com/blog/home-refinance/refinancing-jumbo-mortgages-made-easier.html The best debt solution for your circumstances depends on a number of things like your income and expenses, your outstanding balances, your employment, and residential status.A debt management plan is an informal debt solution that may also involve budgeting and debt consolidation. The best debt management involves counseling and learning ... http://www.refinancingright.com/blog/debt-management/debt-management-for-homeowners-only.html A traditional refinance, a Home Affordable Refinance Program (HARP) refinance, a Home Affordable Modification Program (HAMP), or a non-government modification--these are all options for improving your mortgage interest rate. But which is right for you? The HAMP program offers the best deal if you qualify--think of it as a refinance ... http://www.refinancingright.com/blog/home-refinance/home-loan-refinance-or-mortgage-modification-is-harp-or-hamp-right-for-you.html Refinancing isn't just about getting a lower payment or even a lower interest rate. You can get a lower monthly payment but find yourself paying tens or even hundreds of thousands more over the life of your loan. Any time you refinance from one mortgage to another with the same term, ... http://www.refinancingright.com/blog/home-refinance/refinancing-right-means-understanding-mortgage-amortization.html