Many experts project mortgage interest rates to swing for new highs. Since the election, the trend has been up, and the numbers show.So before new norms kick in, many homeowners and investors are looking for the possibility to refinance, despite current market pressures. Taking advantage of Read more
Halfway Through 2017 And It’s Still A Good Time to Refinance
July came to a close. Now, we are on our second half of the year. When we talk about 'mortgage', it is so far so good for buyers and refinancers. Beginning of the year, experts and analyst projected that rates will skyrocket this year. Mid-2017, that forecast has yet to happen.Those who wish to Read more
Wells Fargo to Pay $108 million for Overcharging IRRRLs
It’s never been a quiet past few weeks for Wells Fargo. Just a week ago, the third largest US bank announced that it is prepared to hand out $108 million to remediate possibly force-placed auto insurances to over 570,000 customers. That is after the bank was fined $185 million for its controversial Read more
The Cost Advantage of Combining Your First, Second Mortgages
Consolidating your mortgages into one major loan takes some serious decision making. There’s too much at stake with your current loan commitments, the market value, and your equity. But if the opportunity presents itself, such as when your finances are going well and existing interest rates are at Read more
4.5 Million Borrowers are Eligible to Refinance but Why Aren’t They Refinancing?
As mortgage rates keep its position at historical lows and home values continue to rise, a new refinanceable population emerges. According to the Black Knight Financial Services (BKFS), the numbers rose to 4.5 million refinance-eligible borrowers in just a few months. This is the highest recorded Read more
