Particularly in customer retention efforts, lenders need to commit to competitive rates and fees, improved levels of customer service, alternative application channels and mortgage products, and a simplified refinancing
for $2,400,000 for six buildings containing sixty Class A apartments located in Lake Worth, FL;
In addition, lenders are beginning to phase in new rules that add to the cost of ``cash-out'' refinancing
- transactions involving a larger loan, part of which is channeled to the homeowner in cash.
Given the obvious importance of refinancing
, generally, and as a means to convert home equity into cash, in particular, it is not surprising that a recent article prepared by the Federal Reserve Board (Fed) on the subject makes interesting reading.
for $300,000 for a two story, mixed use, non-elevatored building containing two Class A apartments and two commercial units located in Ozone Park, NY.
Once upon a time, most experts agreed on this general advice: you should consider refinancing
your mortgage when current mortgage rates are 2% less than your existing one.
For HARP borrowers refinancing
in the first quarter, 36 percent shortened their terms.
has made it their top priority to put California homeowners in a stronger financial position through the refinancing
of their home loans.
Providing broader access to affordable, sustainable mortgages through expanded refinancing
opportunities is a critical part of preventing future foreclosures and hastening recovery.
in the amount of $125,000 for a single story building containing one commercial unit located in Miami, FL.
In December of 2002, Ragland took out a $300,000 adjustable-rate loan on his home, refinancing
the $190,000 he owed from his initial interest-only loan.
Homeowners typically have used mortgage refinancing
to pay off credit cards--something becoming increasingly difficult to do as interest rates rise, home values (in some markets) flatten, and credit lines dry up.