Refinance Mortgage
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 …
Refinancing Two Home Loans Into One
Refinancing these days can be hard, but trying to refinance or get financing for two adjacent properties used as one can be difficult. Q: We have owned our home for about 23 years. About five years ago, with two young …
Trying to Refinance Upside Down Mortgage
When loan modifications fail and you are trying to refinance upside down mortgage, your options are limited other than HARP 2.0. Q: I am currently paying on a mortgage that is becoming an overwhelming expense and causing me to go …
Refinancing Small Mortgages
Refinancing is hard these days, but if you have a small or low balance loan, it may be harder and the refi costs are more important than ever. Q: In 2003, I refinanced my home with a $100,000 15-year mortgage …
Home Equity Lost After Divorce
After divorce, home equity in former marital home may be lost without good planning and consideration of housing market downturn. Q: My ex-spouse and I own a home together that sits on a big piece of property. When we divorced, …
Loan Application and Retirement Plans
Just because you have retirement plans on your mind does not mean you can’t get a loan, but you must be truthful on the loan application. Q: A caller to your radio show recently indicated that he was going to …
Paying Down Mortgage When Underwater
Paying down mortgage balance may be beneficial for many homeowners, but if your loan is underwater, is it still worthwhile? Q: I cannot find a straight answer to this anywhere. Is it worth paying extra on the principal on our …
Mortgage Outlook Still Dim
Real estate mortgage outlook in the news does not appear so good even with HARP 2.0 coming online. According to a recent study by Fiserv, the typical mortgage costs 40 percent less than it did in 2006. That just about …
FHA Streamline Refinancing Not For Everyone
With increased FHA upfront fees, FHA Streamline Refinancing may not work unless the interest rate drop is significant. Q: I read your Real Estate Matters column in the Washington Post regarding FHA streamline refinancing. There is one glaring mistake. You …
Property Tax Escrow Easy To Set Up, Hard To Remove
When you obtain a mortgage, your lender will likely require a real estate tax escrow and an insurance escrow to protect the lender’s interests. Q: Is it true once a tax escrow has been created as part of a mortgage …
