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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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Is a Reverse Mortgage a good deal for you?

Is a Reverse Mortgage a good deal for you?

Retired homeowners strapped for cash are turning to Reverse Mortgages. But there are large fees the celebrity spokepeople aren't telling you about...

Mortgage loans denied to expectant mothers

Mortgage loans denied to expectant mothers

Some traditional lenders are illegally denying mortgages to expectant mothers. There are better ways to get a mortgage if you're having trouble securing one.

Save Thousands on a Mortgage or Refinance

You can save thousands of dollars on a mortgage or refinance with just one simple tip. Some time ago, The Los Angeles Times  reported more than half of all people stop at one lender when they're getting quotes for a mortgage or refi. Bad idea. In one example, the difference ...

Save with these mortgage/refi alternatives

Save with these mortgage/refi alternatives

Doing a mortgage or refi? There's one common place where you don't want to go for that loan--and here are better alternatives.

Mortgage Refinance Guide

Are you wondering how to refinance, when to refinance, and what all of the terms really mean? We've put together answers to some of the most Frequently Asked Questions regarding refinancing:      Should I refinance?  As a general rule, if you can shave at least a half point off ...

Credit Unions Offer Creative Mortgages To Save You Money

Years ago, credit unions weren't the best place to look for a mortgage. But that was then and this is now. Today, credit unions are a great source for mortgages, especially if you're looking for something more creative. Pentagon Federal Credit Union has some unusual loans that you typically won't ...

Websites To Comparison Shop Owner's Title Insurance

When you buy a home or refinance one, you need a simple insurance policy that I just can't get people to buy…even though being without it can be deadly to your finances. Picture this: When you do a refinance, you dump Bank A and pay them off with proceeds lent ...

An important safeguard to protect your mortgage

An important safeguard to protect your mortgage

Homeowners: With the mortgage industry still in chaos, Clark has important homework for you to check that you are not getting ripped off.

Get a no-closing-cost mortgage

Get a no-closing-cost mortgage

The no closing cost mortgage or refinance is back. But you have to know where to shop to get the best offer…

Mortgage lending getting easier again

Lending for home loans and refinances is easing up. But will it cross the line into dangerous and lax territory again? After the financial crisis and real estate bust, the pendulum swung from what I call "pulse lending" (if you have a pulse, you get a loan!) to the tightest ...

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