SANTA ANA, CA-- - While most people usually think of real estate "affordability" in terms of buying a home, the concept also applies to refinancing. Rate reductions may cut monthly costs and ...
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When Does It Make Sense to Refinance?
Posted by mortgage 3 days ago (Editorial)
Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0
Posted by mortgage 6 days ago (Editorial)
When June Snow first looked into refinancing her interest-only mortgage, she was told it would be impossible because the value for her three-bedroom, two-bath ranch style home was not in the necessary range.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 6 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Residential Finance Corp.?s David K. Stein 2012 Finalist for Top Corporate Counsel Award
Posted by mortgage 9 days ago (Editorial)
Residential Finance Corp. , a nationwide mortgage lender, announced today that David K. Stein, RFC?s co-founder, senior vice president and general counsel, has been selected as a finalist in Columbus Business First?s Top Corporate Counsel program.
Your Tax Dollars At Work: Former GM Finance Division To File For Bankruptcy
Posted by mortgage 12 days ago (Editorial)
The struggling subprime mortgage unit of Detroit-based Ally Financial Inc. may file for bankruptcy as early as next week. Ally, the nation's largest new car lender, is 74 percent owned by the U.S. Treasury as part of a $17.2 billion bailout.
Retire with your mortgage or refinance?
Posted by mortgage 13 days ago (Editorial)
If you are age 55 or older and plan to retire in a decade or so, you need to evaluate your retirement funds and your desire to pay off your mortgage before signing that refinance application.Financial planners have mixed feelings about whether homeowners should retire their mortgages before retirement."First, you need to think realistically about what you want your lifestyle to be in retirem
Kenya's Housing Finance to develop houses
Posted by mortgage 14 days ago (Editorial)
NAIROBI (Reuters) - Kenya's sole specialist mortgage lender Housing Finance will develop a housing project in the next two years to create additional income from properties aimed at low and middle income earners, it said on Wednesday. The east African nation of 40 million people has a massive housing deficit with annual demand at 250,000 units against supply of around 60,000 units. Housing ..
Time to Refinance? Low Rates Are Just One Factor
Posted by mortgage 14 days ago (Editorial)
All-time lows in mortgage rates may make refinancing seem like a no-brainer, but that would be a mistaken assumption for any home owner.
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