Posts tagged as:

Refinancing

Rates are a Quarter Percent higher. No wait, they aren’t higher at all.

The last 7 business days have been a roller coaster for mortgage rates – mostly the climb up to the top of the Coaster, unfortunately.  Mortgage rates are based on Mortgage Bonds’ prices.  When the Mortgage bond prices fall, rates go higher, and when the bond prices rise, rates are falling. The picture below show [...]

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Another Lending change that will affect many homeowners

If you happen to have an FHA loan on your home, an important benefit that you have is about to be taken away.  FHA loans currently have an option of a ‘Streamline Refinance’, which is a great way to lower your interest expense with very little hassle, paperwork or uncertainty. This month, the FHA announced changes [...]

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Protecting your Lifestyle

Image via Wikipedia September is the Life Insurance Industry’s Life Insurance Awareness Month.  I’m a believer in Life Insurance when looking at a person’s house and how they can protect what they have.  There are many threats to the wealth you have in your house, but the most devastating is obviously the early loss of [...]

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Your Mortgage and your Teeth – More Alike than you know

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How long will it take to recoup your closing costs.

I read an article in the paper this week from a home finance ‘expert’.  She closed with the comment, “be sure your refinancing costs can be covered in about six months”.  Great, meaningless, advice.  Where does the ‘six months’ rule of thumb come from? (Hint: thin air.)  If you are going to move in six [...]

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