From the category archives:

Refinancing

15 Year Mortgages

Since the start of 2010, the 15 year mortgage has become more popular in Charlotte, North Carolina.  A recent article in the Wall Street Journal gave some reasons why this is happening. With the low mortgage interest rates, many homeowners are finding that a 15 year mortgage is more affordable than previously.  In addition, for [...]

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Who to Call for a refinance?

For many homeowners, their monthly mortgage statement for their mortgage includes a sales pitch to call in to refinance.  Too many people do this to their own harm.  Right now, if you are paying over 6%, does your current lender really want you to refinance?  Short answer: No, but if you are going to they [...]

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Home Value has fallen? You can still refinance

The Federal Housing Finance Agency has extended the government’s Home Affordable Refinance Program by 12 months. HARP’s new end date is June 30, 2011.

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Don’t be like that guy!

WARNING: This a graphic story of the financial destruction of an otherwise financially successful man. Here’s a secret for you – your credit score will go down every time you do something that people did previously just prior to defaulting on their debts.  The credit scoring model is trying to predict the likelihood of you [...]

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