39 Responses to “Mortgage Refinance?”

1. Fast Loan UK on June 16th, 2008 7:33 am
   thanks for sharing this wonderful idea. i’ll check that website you are referring on your post.
2. Maria @ Frugal Homesteading on June 18th, 2008 9:17 pm
   We tried to refinance our loan but the lenders have really tightened lending standards and we couldn’t get a deal that made it worth it to us.
3. Christina Asad Edwards, Realtor on June 20th, 2008 7:40 am
   My husband and I invest and we often refinance to have money to remodel homes.

   Christina

4. Adverse credit mortgage on June 20th, 2008 5:18 pm
   Unfortuately, the tightening of lending by lenders due to the credit crunch has made mortgage refinancing so much harder, and people are begining to suffer. Gone are the days of re mortgaging and investing, its now back to old school.
5. Benjamin Shoemaker on June 26th, 2008 8:13 pm
   One thing that you may want to do before going to a lender for a refi is to have a local appraiser check on the market value of your home. Depending on what part of the country you live in your values may have changed more than 10% in just the last 3 months. A professional appraiser should only charge a minimal amount (in CT my company charges $125 for this,) to provide a “homeowner valuation” type of product. The reason this is possible is that as a homeowner you don’t need the lender specific forms and details that take much more time to generate.
   So before you have to give up a good faith deposit to any lender, even one that has the greatest rates and programs this is something you might want to consider. (Also a really fair appraiser would also give a discount of the fee if you did need a full blown appraisal after having provided the homeowner “special”.)
6. Modern Platform Beds on June 28th, 2008 6:09 pm
   Nice, I don’t want to lose my house!

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7. Rajendra Mackinley on July 15th, 2008 11:39 am
   mortgage refinance is effective because it gives financial assistance but need to consider things before doing any steps.
8. Hernando County Real Estate on July 16th, 2008 1:50 pm
   Mortgage refinance will only work if you control your spending and don’t dig yourself back into debt. In the Hernando County Real Estate market where I live, I know several individuals who refinanced only to max out their debt rather quickly. Now they are going to lose their home.
9. Frank Shamoo on July 17th, 2008 9:30 pm
   Refinancing is a good option today because rates are still at a 15 year low. However, values are upside down which prevents you from refinancing. You have options, like Note Modification and Principle Reduction. I recommend that you check out National Loan Modification they will help you offer you options.

   Can’t Refi? Modify!

10. Austin Property on July 18th, 2008 4:53 pm
    We have run into problems with refis lately. Appraisal values are done, and many loan programs have vanished. Homeowners need to do their homework before deciding what to do.
11. Roger on July 22nd, 2008 10:10 pm
    The reasons for refinancing could be many:

    1. To reduce current interest rate, monthly payments and loan tenure.
    2. To get cash for emergencies or other ventures.
    3. Or it’s simply to enjoy greater flexibility in managing cash flow.
    4. Take Control of your finances by consolidating all your deposits
    5. Reduce interest and shorten your loan tenure
    6. To renovate your house
    7. A better education for your children

12. Adriana on July 29th, 2008 3:22 pm
    9 Refinance Mistakes and how to avoid them

    1. Refinancing without shopping around
    2. Unaware of the Break-Even period
    3. Not received a Good Faith Estimate
    4. Considering Assessed Value of property
    5. Paying for appraisal even if home value may be low
    6. Signing loan docs without proper review
    7. Not providing relevant docs in time
    8. Getting a verbal Rate lock
    9. Taking cash from Heloc

13. San Mateo Home Sellers in Trouble on August 5th, 2008 7:57 am
    Your blog is pretty informative. There is a small typo in this post, though. It’s in the first line.
14. Heating in Buffalo NY on August 6th, 2008 1:01 am
    True statements above! Now is a very difficult time to do a refi and have enough cash to make any suitable investment in anything. Those high cash out refi’s are history…unless you made a good decision with the home purchase and found a great deal. It’s sad to say that home equity isn’t what it used to be.
15. rorysiems on August 7th, 2008 7:46 am
    Mortgage refinance is developing these days. Many prefers to move for it when they need. To reduce current interest rate, monthly payments and loan tenure or to get cash for emergencies and other ventures mortgage refinance is doing a good job.
16. Houston Housing Market on August 13th, 2008 3:20 pm
    I hear alot about how hard it is to refinance in today’s market and this is just not the truth. It is still eaiser to get refinanced than it was 15 years ago. Furthermore the lenders realize they can not tighten up to much because they know that if they do not continue to turn over funds they will soon be bancrupt.

    Just go and apply for a loan and do not lie about your earnings. If you have decent credit and have equity in your home you will be able to refinance. This assumes that you have been paying on time for the last year at minimium of course.

17. izmir evden eve on August 17th, 2008 11:48 am
    thanks…
18. Investment Property on August 20th, 2008 7:42 pm
    Refinancing your mortgage could help your housing crisis. You will save more money because of lower monthly payments and reduced your interest rate. There are many government refinancing programs over there to support you.
19. James Charleston SC on August 23rd, 2008 5:27 pm
    Refinancing can be good for a long term property ownership standpoint.
20. London Relocation Agent on August 25th, 2008 11:08 pm
    Refinancing is becoming more important as many mortgage borrowers are coming to the end of mortgage terms fixed at low rates during better times.

    It’s important and investors should do as much research as possible.

21. matt on September 20th, 2008 10:22 am
    The confidence number is tomorrow’s most significant report, but it’s not extremely important, … People are still refinancing and have money in their pockets, even with the job market struggling.
22. Stephen McFarlane on September 23rd, 2008 7:39 am
    Great post! I’ve been very interested in mortgage finance for a long time. I agree that refinancing can be a great way to consolidate other debts such as credit and store cards
23. Copywriters Needed- Make $200/hr on September 24th, 2008 4:58 pm
    The problem with mortgage refinancing is that the mortgage companies are making it harder and harder for people to refinance their homes…which I think is really wrong. That is why our country is going down as I type this because these creeps will not give a rest. They have put homeowners in a catch 22 position and that is why many of them are walking away from the problem.

    If the company will not let you refinance and they won’t lower your interest rates, why keep the home?

24. Raymond Kirk on October 6th, 2008 8:11 am
    Great post! I’ve been very interested in mortgage refinance for a long time. I didn’t know that we can get quote online instantly for home mortgage refinancing.
25. French Mortgage on October 10th, 2008 1:41 pm
    Re mortgaging in France has actually not been possible until recently and so there is no real culture for it yet…

    Given that evryone is saying the french property market is surviving the current storms and indeed probably the safest place for your money it would seem a good place to look at still for investing and later remortgaging.

    We can get some great interest only deals for expat buyers that the French themselves have no access to and that makes it even more attractive…

    Get in touch with me if you would like to know more?

26. Bhelle on October 14th, 2008 3:21 am
    I guess we should all be extra careful in entering a refinancing agreements. Make a thorough research and always haggle for the best interest rates so as not to see yourself with another pitfall.Thanks for sharing!
27. Green Panda on October 14th, 2008 8:51 pm
    Unfortunately, the tightening of lending by banks due to the economy has made refinancing almost impossible. Many people will unable to keep their homes.
28. Don on October 20th, 2008 1:32 am
    What I don’t understand is this: If the majority of homeowners that are facing rate increases are now facing credit issues because the banks have significantly tightened credit requirements, is the government going to step in and require banks to be less strict? I suppose companies like the one mentioned above are the best place to go, they probably have a good idea where to shop the mortgages to.
29. Oliver simon on October 21st, 2008 3:57 pm
    Thanks for the info, much appreciated. Can you give us more information on refinancing in these difficult econmic times?

    thanks

30. The Scribe of Notting Hill on October 27th, 2008 5:31 pm
    We remortgaged to finance the renovation of our kitchen just before things went sour and it looks like we just about slipped under the wire.

    We’re just about fine now with interest rates dropping, but central banks do strange, impulsive things in times of economic turmoil and I dread to think how we might cope if the rates go way up again.

31. Colin Brazendale on October 27th, 2008 7:09 pm
    Be very careful when refinancing. If you are refinancing to subsidise your living standard you might be making a big mistake. You are digging yourself a bigger hole.

    If you refinancing to better your cash flow and use the funds to by assets that generate more income, you are on the right track.

    If not, consider selling your house and renting until your situation betters.

32. Associate Degree Nursing Schools on October 29th, 2008 9:29 am
    Hello,
    Thanks for sharing the information and i must check the web site you mentioned in your article.
33. Sara on November 5th, 2008 8:31 am
    Because of the economic situation many people prefer to refinance their mortgage and improve their home rather than buy a new one.
34. shreedhara on November 8th, 2008 3:38 pm
    same everywhere, all over the world.
    Mortgage is a nightmare in metro’s now.
35. DCMA Collective Clothing on November 12th, 2008 12:23 am
    Another reason to refinance would be to get into a fixed rate mortgage. Interesting post. Thanks
36. Zobel on November 12th, 2008 6:02 pm
    mortgage refinance is effective because it gives financial assistance but need to consider things before doing any steps….and not only
37. Fabian Perez on November 13th, 2008 7:59 am
    Mortgage Refinanceis a good to help people who really needs help.
38. Ashlee from Fort Worth on November 15th, 2008 1:46 am
    I have seen many people get in even more trouble after re-financing their home. They get all the money and then spend it foolishly.
39. Money Amulet on November 28th, 2008 4:16 pm
    Is mortgage refinancing still actually due to financial crisis ?

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