The Latest Interest Rate Happenings
Interest rates are incredible, but I want to point out some recent limitations to these excellent rates. Normally, in terms of points vs. no points vs. no points/no fees, interest rates tend to work in .25% increments. For example, you would be quoted in the following...When Your Lender Freezes Your Equityline
Many homeowners are getting that letter in the mail – the one that states how home values in the area have dropped and they are freezing your equityline. Other homeowners have gotten notices that their equityline is officially closed. When your equityline is frozen....Mortgage Review Example: Determining if it Makes Sense to Refinance
When new clients and referrals ask me for an interest quote, I have a quick series of questions that I ask them. If you’re seeking a quote, you’ll get the same from me, so I wanted to list them here: What is the current loan balance, interest rate and monthly payment...What are Banks’ Lending Requirements for Refinancing?
In this low interest rate environment, we have an opportunity to buy and refinance at some amazing rate levels. I last saw such low rates in 2003, but we are now in a completely different lending landscape. Lenders are very cautious of who they are lending to and want...Loan Calculator
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