The latest enhancement to the HAMP program should provide some substantial financial benefits to HAMP borrowers.
The answer to the common question, "does a mortgage refinance make sense?" largely depends on your goals for your new mortgage and how long you plan to stay in your home.
If you have a vacation home or investment property with an older, expensive mortgage, consider a refinance so you can take advantage of historically low mortgage rates.
The short answer is "yes," but whether you want to lock a rate for that long is an open question.
Eighty percent of homebuyers have at least one major regret about their new home, according to a recent HSH.com survey.
Don't ruin your chances at refinancing by making one of these common mistakes.
According to a recent survey of 2,000 homeowners conducted by HSH.com, the No. 1 turnoff for prospective homebuyers is the smell of cigarettes.
The document requirements for mortgage preapproval vary by lender and your individual circumstances, but typically require 30 days of pay stubs, two years of federal tax returns, 60 days or a quarterly statement of all asset accounts, and two years of W2s.
Refinancing rules aren't the same when you are self-employed. This article explains how self-employed borrowers can successfully refinance.
Tens of thousands of military servicepersons could soon see lower mortgage payments thanks to a new partnership between the Obama Administration and five U.S. loan servicing companies.