Refinance News

Just Approved: Divorcee refinances, removes ex from mortgage and lowers her monthly bills | Plow

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Mortgage lenders tightened their fists after the recession, but it’s still possible for young buyers to get approved for a mortgage. These government-insured loans allow lower credit scores and much lower down payments, but there are significant additional costs.

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My mortgage payoff story began in October 2010 – during the housing crisis – when I purchased I was shocked to find out how much of my monthly payment was going to interest, not the principal. Using my $86,000 mortgage as an example, notice how an additional monthly payment of just $100.

She accomplished her goals, plus more by taking full ownership of her home and lowering her monthly bills by $780. Brenda Wyatt, All California Mortgage, 510-761-7071, brenda@ financingthedream.net.. sfgate.com Just Approved: Divorcee refinances, removes ex from mortgage and lowers her.

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Adam Lesner NMLS 198818 is a licensed mortgage Loan Officer in Troy, Michigan Since 2008 Serving all 50 states.

Following this week’s Fed meeting, rates extended their fall to the lowest levels since November 2016. But since then, the underlying bond market has bounced in such a way that suggests rates aren’t interested in further gains just yet.

"Should I refinance?" That’s a good question, and the answer depends on what you want to accomplish, and if refinancing will help you Surprisingly, the availability of a lower rate is only part of the equation. Sometimes, you’d be better off applying the money toward your principal balance instead.