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Posts Tagged ‘FHA cash out refinance’

Real Estate Update – “Making Home Affordable Program”

Here we are, well into a new year and an economy that leaves some things to be desired. Although I am seeing an increase in home purchases, especially for first time home buyers from the Realtors® that I work with, the decrease in home values is still troubling to say the least when working on refinance transactions for my past clients. In too many cases, the value of the property has gone down and getting a refinance done has been significantly harder. I have to think the reason the purchases are up has to do with low rates and the first time home buyer $8,000 tax credit. Read More

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Want to refinance to a lower interest rate? Can YOU?

Yesterday I posted about “just because you can refinance your mortgage, should you.” Today, I want to touch on another question and that is, “Can you.” I got a call yesterday from a person that wanted to know what the rate was for a refinance. That was it, no lead in, no information from her, just, what is the interest rate? When I told her that I needed information to be able to give her information her response was that the other people she talked to didn’t ask any questions. Read More

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