When mortgage payments begin to feel pressured the worry over foreclosure sets in and many people take action. While there are several options available to help relief mortgage debts, some people first choose to review mortgage refinancing options. Since interest rates have been at their lowest in decades, refinancing may prove beneficial to many. However,  … Read more

Refinancing a mortgage can be a great tool to help resolve high monthly mortgage payments, but it does come with some additional considerations. For one, it isn’t traditionally the best tool if you are facing foreclosure and need to quickly resolve your mortgage debts. Before you sign that refinancing application, ask yourself the following questions.  … Read more

As underwater homeowners continue to struggle to find mortgage relief one program offered hope, but resulted in disappointment among many. The Home Affordable Refinance Program was created to help homeowners lower their monthly payments and avoid foreclosure. However, the program wasn’t helping as many as hoped and Fannie and Freddie have had to go back  … Read more

Investment property owners are not immune to the effects of a sinking economy and turbulent housing market. While many have managed to dodge the bullet of foreclosure, many more are still suffering from large mortgage payments that are challenging their monthly budgets. While mortgage modifications may be a solution for some, not all lenders are  … Read more

Many people looking to reduce their mortgage payments and avoid mortgage debt pursue a mortgage  loan modification. While there are many options, they are very different. Refinancing a mortgage can be a good way to reduce your  monthly mortgage payments, but it isn’t for everyone. Despite what a lender tells you, refinancing take much preparation  … Read more

Many people struggling with high mortgage payments are looking for a way to lower their payment and free up some extra cash for other expenses. Federal programs recently developed to help underwater homeowners focus on refinancing a mortgage as key component to alleviating mortgage debts and avoid foreclosure. Many mortgage lenders also push refinancing as  … Read more

When looking to lower your monthly mortgage payment there are many options available. A mortgage loan modification may be able to change the terms of your existing loan enough to help you find relief from a high monthly mortgage payment. Lenders often prefer refinancing over mortgage modifications, mostly because they stand for a bigger benefit  … Read more

Many people facing foreclosure are looking for a way to save their home and get out of mortgage debt. Mortgage loan modifications can provide relief from high monthly payments, but not all modifications are beneficial to everyone. Refinancing a mortgage is a common practice and can provide relief by lowering the interest rate on the  … Read more

Over the past five weeks, mortgage rates have consistently been hitting historic lows. During the week ending October 6, 2011, the average rate for a fixed 30-year mortgage fell to 3.94 percent, while the rate on 15-year loans diminished to a record low of 3.28 percent. It seems like the perfect time to consider refinancing  … Read more

After weeks of surprisingly low application numbers, U.S. mortgage refinancing applications surged last week as rates hit a new all-time low borrowing cost. In fact, according to the Mortgage Bankers Association, mortgage applications increased by 9.3 percent from the previous week, with refinancing requests increasing a whole 11.2 percent. This is the third consecutive weekly  … Read more