Mortgage
Time to Refinance from ARM to Fixed Rate Loan?
This may be a good time to refinance to a fixed rate mortgage from an adjustable loan if you think your ARM interest rate will go up soon. Q: We have a first mortgage which is a 5/1 adjustable rate …
Interest Rate On ARM Mortgage Tied To LIBOR
Many adjustable rate mortgage (ARM) loan interest rates are tied to the London Interbank Offered Rate (LIBOR) and that rate has recently gone up. Q: My mortgage is adjustable, tied to the one year LIBOR. Up until the last few …
Help With Refinancing Underwater Mortgage
When a lender fails to respond to your requests to refinance an underwater mortgage, you might have to file a complaint with the OCC. Q: We purchased the home in year 2006. We only put down 5 percent and have …
Loan Refinance Problems Continue
Loan modification or refinance hell continues for homeowners even when a lender invites a borrower to refinance. Q: I’m not sure where to turn with respect to what’s going on with our mortgage. I have been with my lender (a …
Bank Refinance Offer For Low Balance Loan
Bank refinance offer in the mail may be your best bet if you have a low balance mortgage loan. Q: I enjoy your column each week and have a refinancing question for you. I purchased my house in 1997 and …
Complaint Against Banks And Foreclosure Reviews
You may want to file a complaint with the OCC if your bank has wronged you, but you may also be entitled to a foreclosure review. We received yet another email from a woman who has been trying to keep her house …
FHA 203k Loans For Home Renovations
If you’re interested in buying or renovating a home, one of the few loan products remaining is the FHA 203(k) home renovation loan. Q: My husband and I would like to purchase a neighbor’s home to remodel and live in. …
Mortgage Lenders On The Financial, Mortgage and Credit Crisis
Mortgage lenders that service home loans have their own take on the financial, mortgage and credit crisis and have their own problems also. Q: I think you should consider the cost incurred in servicing delinquent loans before declaring that lenders …
Mortgage Escrow Rules Require Money To Be Returned
When you pay off your mortgage loan in full, your lender is required to return any tax and insurance mortgage escrow money back to you. Q: I hope you can help me with this question. I have been searching the …
Lender Won’t Work With You To Modify Loan
Even if lender sends you letter asking you to call and modify your loan, you may not get any help. You may need to file a complaint. Q: I am trying to help my brother-in-law restructure his loan but the …
