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Loan Modifications & Refinancing


• Refinancing means taking out a new mortgage with a lower interest rate to pay off your existing mortgage.

• With the advent of low and no-cost refinancing, it's no longer as important to see if you're going to stay in the house long enough to pay back the refinancing costs.

• In a traditional refinance, insist on a good-faith estimate of the costs up front, before you give the lender a penny.

• Before you refinance, check your credit report for anything that could foul up a refinance. You don't want to lay out the money if a credit problem is going to keep you from refinancing.

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New mortgage rules coming June 1

If you have pinched credit and are trying to get a mortgage, you want to be sure you get your application under way before June 1. Under amendments to the Truth in Lending Act, a few new provisions go into place June 1. Chief among them, sub-prime mortgage holders will ...

Home buying and selling mistakes

We're coming up one of the housing market’s peak buying and selling times. With that in mind, what are the biggest mistakes made by both sellers and buyers? For sellers, I find the number one mistake they make is in selecting an agent. If you're interviewing agents, don’t list with ...

Job counseling for homeowners

Job counseling for homeowners

Talk about a hand-up, not a handout. One of the nation's largest banks has a novel approach to helping homeowners avoid foreclosure…and it involves helping them find new jobs!

ClarkHoward.com and The Clark Howard Show offer more money-saving advice for consumers.

Home value appreciation to return to historic levels

The housing recovery that we saw stirrings of in the fall of last year is clearly under way. Housing is set to return to the "get rich slow" prospect it has always been since before the real estate bubble and bust. Historically, homes appreciated at the rate of inflation plus ...

Increase in home equity bodes well for worker mobility

Equity in homes is going up for the first time since the real estate bust began. That's a clear sign of recovery in so many places. One third of Americans who have a home now own it free and clear, according to the latest data from Zillow. The cities where ...

Website offers free credit score summaries

Website offers free credit score summaries

There are so many proprietary credit scores out there in the market that it can make your head spin. Here's a one-stop shop that can help you grade yourself on your credit for free!

New hope for upside-down homeowners

New hope for upside-down homeowners

New rules coming in November could allow you to do a short sale under many circumstances even if you're not behind on your mortgage.

Why you should shop around for mortgage/refi quotes

Shopping around and getting multiple quotes for a mortgage or mortgage refinance is an easy way to save hundreds of dollars each month and thousands of dollars over the lifetime of a loan. The Los Angeles Times  reports more than half of all people stop at one lender when they're ...

Real opportunity for mortgage assistance

Real opportunity for mortgage assistance

Don't miss this opportunity to receive assistance on your mortgage. 93% of Americans will tune this info out because they're used to mortgage relief efforts being false leads. This time it's for real.

Refinance your home - even if upside-down

Refinance your home - even if upside-down

If you've felt like a spectator on the sidelines with today's low mortgage rates, there are two new opportunities that could help you refinance your loan even if you're upside down in your house.

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