Michael Petrone asked: President Barack Obama has enacted a mortgage stimulus plan which will allow millions of homeowners the opportunity to refinance their home mortgage into a 4.5% fixed rate. This “Home Affordability Program” will give homeowners the chance to save hundreds of dollars per month. Here is how:Currently, there are numerous grants available to [...]
Darin Sewell asked: Being late on the mortgage is something that many home owners never experience. But for those who have had past due payments they know how stressful it can make life. You have probably asked yourself, can i refinance with late payments? Well rest assured because the answer is yes! Read on to [...]
Mike M asked: She tried to sell the property, but has not been able to. The mortgage remains in my name, and she is unable to obtain the financing to refinance the mortgage and take over the loan. Now I want it back due to her negligence. What options do I have? Can I void [...]
Simon Volkov asked: Many reasons exist to refinance mortgages. The most common include obtaining a reduced interest rate, change the type of loan, or receive cash back from accrued home equity. Reducing interest rates by 2-percent or more can save borrowers thousands of dollars over the course of a 15- or 30-year mortgage note.When borrowers [...]
rizzodrum asked: Ok, here’s my situation… My home was purchased in 2005 for 135k. My mortgage was a 120k for a 30 year fixed at 6.5% interest. Currently I owe 117,000 on the mortgage. Due to change in employment, I need to Re-Fi at the current rates (4.65%) to drastically drop my monthly payment… Herein [...]