What to know before refinancing (Bankrate.com)
The Federal Reserve's decision to buy up mortgaged-backed securities caused mortgage rates to fall and created new opportunities. Should you refinance your mortgage now? Before you rush to refi, take a few minutes to determine if it's the right move for you.
Owe more than your home is worth? You can still refinance, but it's complicated (Seattle Times)
The federal government's Home Affordable Refinance program is designed to help homeowners refinance their mortgages, even if they owe slightly more than their home is worth. B ut it applies only to loans owned or guaranteed by Fannie Mae or Freddie Mac and the rules are complex.
New refinance rules should help in Arizona (The Arizona Republic)
Feds have extended a program to aid borrowers.
Life insurance rates to rise (Tacoma News Tribune)
The window might be quickly closing on consumers’ opportunity to refinance at great rates – not their home mortgages, but their term-life insurance, experts say.
Shop Around for That Refinance, but Don't Delay (Washington Post)
Q: I am shopping to refinance my condominium mortgage of about $400,000. The outstanding loan balance is $160,000, and my credit is stellar. In order to refinance with my current lender, they want $2,200 in closing costs. I just financed with this lender three years ago, and there seems to be no special benefit for refinancing with them again. I don't understand why they wouldn't want to keep a ...
Eligibility for home refinance program is expanded (Chicago Tribune)
The Obama administration eases rules, lifting the maximum loan-to-value ratio to 125%, in an attempt to make refinancing available to more people whose homes are worth less than their mortgages. The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125% from 105%.
Eligibility expanded for home refinance program - Thu, 02 Jul 2009 PST (The Spokesman-Review)
The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance Program, lifting the maximum loan-to-value ratio to 125 percent from 105 percent. The shift, which regulators had hinted was coming, is aimed at making refinancing available to more people whose homes are worth less than their mortgages.
Fannie, Freddie ease terms for mortgage refinance (Reuters via Yahoo! News)
The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
Fannie, Freddie To Let More Borrowers Refinance (Fox News)
Fannie, Freddie To Let More Borrowers Refinance
Fannie, Freddie to expand refinance program: source (Reuters via Yahoo! News)
Fannie Mae and Freddie Mac will expand their foreclosure-prevention efforts and refinance homeowners whose loan-to-value ratio is 125 percent, an administration source said on Wednesday.
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