Nearly three-quarters of the 14 percent of refinancers
who had an adjustable-rate mortgage before refinancing switched to a fixed-rate loan.
Michaels' first order of business in his new job was to perform an in-depth analysis of refinancers
in order to gain more insight into market trends.
com, the country's first online title insurance and closing services company, has announced it is now available to new homebuyers, mortgage refinancers
, attorneys, lenders, and realtors nationwide.
Of those that do, only two provide a great first impression to the refinancer
Another possibility is that high-LTV borrowers are more cash constrained than regular refinancers
and thus require higher rebates (negative points) at origination to help cover their closing costs.
Bruce Calabrese, president of Equitable Mortgage in Columbus, Ohio, says the hefty new premiums make "FHA too restrictive and unattractive" for most refinancers
in his area, even with slightly higher loan ceilings.
Mike Harris, president of Stewart Title of Arkansas, said refinance-related policies have increased to about 30 percent of his company's policies and serial refinancers
are nor uncommon.
Home buyers and mortgage refinancers
are benefiting from the Treasury Department's decision to stop issuing 30-year bonds.
Our advice to would-be home buyers and refinancers
Just make sure you know what you are getting into before you join other refinancers
at the bank door.
Chase has added 20% more loan officers to its branches over the last year to help homebuyers and refinancers
take advantage of low interest rates and provide enhanced customer service.
Much to the chagrin of large numbers of home sellers and refinancers
, the answer for years has been yes.