Steve Faber asked: “Can I still refinance my mortgage?” is one of the most common questions asked by homeowners in the wake of the credit crisis that began in 2007. It began with defaults on home mortgages and soon inflicted all manner of carnage on the world’s financial markets. The number of delinquent mortgages held [...]
b.wtfdik asked: The current ~$700Billion plan looks a lot like Government is bailing out its buddies in BIG BUSINESS, and nothing will ever trickle down to the common U.S. Citizen. To turn that around use the leftover ~$300Billion Bush Administration bail-out plus President Elect Obama’s $825Billion to pay the Mortgage industry (the cost of processing [...]
overthinkover asked: Hypothetical situation I might find myself in down the road…. Let’s say my ARM was about to adjust up considerably beginning this month. And I want to refinance. I have an interest only ARM on a $750K home. So after paying for some years, my remaining loan balance is $750K. Home values have [...]