Maybe you noticed that mortgage rates have dropped and are tempted to refinance your current loan (as thoughts of the money you could save dance through your head). But is refinancing a good idea for you? Will it actually save you money in the end?…
Posts Tagged ‘refinance’
Should I Refi?
Posted by ecreal on November 21st, 2009
What Is A Prepayment Penalty?
Posted by ecreal on November 14th, 2009
Maybe you have heard the term ‘prepayment penalty’ used before but aren’t quite sure what it means. A prepayment penalty is defined as extra fees that may be due if you pay off your loan early by refinancing the loan or by selling the home.…
What a Relief!
Posted by ecreal on September 20th, 2009
This past April, the government began accepting applications for a homeowner assistance program called Making Home Affordable, or MHA. This program is a $75 billion initiative aimed at keeping homeowners in their homes by making their mortgage payments more affordable. MHA has two plans: the…
Paint It Green
Posted by gtong on August 13th, 2009
Do you want to go green? Do you like saving money? Now there’s a way to do both!
How, you say? With an Energy Efficient Mortgage (EEM). Different lenders offer different options when you get a mortgage, and an EEM is one of them. An EEM…
Mortgages 101
Posted by ecreal on August 4th, 2009
Deciding which type of home loan is right for you can be a difficult and confusing process. There are many options when it comes to choosing a home loan. Here are the basics of a few more popular types to give you a better idea…
Time to refinance?
Posted by Tom Nowakowski on December 8th, 2008
Since I have written typically of the current financial position of the economy, I think it’s best to add the mortgage industry in this.
Whether your looking to lower your payment consolidate debt or purchase a new home the interest rate is a primary factor in…