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How Often Do Homeowners Refinance Their Mortgages?

Wed, 12/08/2010 - 02:18

"Should I refinance?". It seems like a basic question -- when benefits outweigh costs, say "yes". But, what about those two big assumptions you have to make?

If You Can Manage A 15-Year Mortgage Payment, Now Is The Time To Consider it

Mon, 11/01/2010 - 10:49

It's an excellent time to lock a 15-year fixed rate mortgage. Versus comparable 30-year loans, conforming 15-year mortgage rates are "on sale" -- and cheap.

Your ARM Might Adjust To 3.000 Percent This Year, But What About Next Year?

Wed, 09/08/2010 - 12:28

ARM-holding homeowners tend to panic when their mortgage gets set to adjust; the feeling of "I better do something fast!". If that's you right now -- if you have a conventional ARM getting set to adjust -- just relax. Your mortgage rate could fall to as low as 3.000 percent and that's good. At least, *this* year it is.

How To Get A Zero-Cost Mortgage In The Middle Of A Refi Boom

Fri, 08/20/2010 - 14:42

The good thing about closing costs is that they're negotiable, in some respects. You can't avoid paying underwriting fees or taxes to the government, for example, but you *can* arrange to have loan costs paid on your behalf. It's called a "zero-cost mortgage". But, there is a trade-off.

The Cheapening, Long-Term Cost Of A 30-Year Fixed Rate Mortgage

Tue, 07/13/2010 - 13:47

Versus last year, the cost of carrying a 30-year fixed rate mortgage to full term has dropped by $67,000. Do your refinance, apply the savings back to your loan, and pay off your home faster.

The Cheapening, Long-Term Cost Of A 30-Year Fixed Rate Mortgage

Tue, 07/13/2010 - 13:47

Versus last year, the cost of carrying a 30-year fixed rate mortgage to full term has dropped by $67,000. Do your refinance, apply the savings back to your loan, and pay off your home faster.

The Cheapening, Long-Term Cost Of A 30-Year Fixed Rate Mortgage

Tue, 07/13/2010 - 13:47

Versus last year, the cost of carrying a 30-year fixed rate mortgage to full term has dropped by $67,000. Do your refinance, apply the savings back to your loan, and pay off your home faster.

The Cheapening, Long-Term Cost Of A 30-Year Fixed Rate Mortgage

Tue, 07/13/2010 - 13:47

Versus last year, the cost of carrying a 30-year fixed rate mortgage to full term has dropped by $67,000. Do your refinance, apply the savings back to your loan, and pay off your home faster.

The Mortgage Rate Difference Between A 15-Year Fixed And 30-Year Fixed Mortgage

Mon, 06/14/2010 - 10:49

The mortgage rate differential between comparable 15-year and 30-year fixed rate mortgages is close to the largest it's been in over 5 years. "Going 15" saves a homeowner $170,000 over the life of a loan, assuming a $300,000 loan size. That's enough cash to send several children to college, among other things.

The Long-Term Cost Of A 30-Year Fixed Rate Mortgage

Tue, 06/08/2010 - 11:47

Versus 1 year ago, the cost of carrying a 30-year fixed rate mortgage to full term has dropped by $60,000. Even as the required closing costs are rising.


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