Sep 15th 2010 4:14PM
Mortgage specialist Jay Dacey couldn't keep coaxing clients to take advantage of the low mortgage interest rates without hopping onto the bandwagon himself. But the 30-year-old from the Twin Cities-area took a route that might make one do a double-take. He refinanced out of a 30-year-fixed rate of 4.75 percent and into a... Continue Reading »
Sep 14th 2010 7:33AM
Obtaining a mortgage loan means dealing with a lot of paperwork, from the documents you have to submit to documents you have to read and sign. More often than not, you're dealing with terms and conditions on various mortgage types that may be so difficult to understand that you just want to pull out your hair. But not... Continue Reading »
Sep 8th 2010 11:22AM
Minnesota homeowner Matt Kreger refinanced his $168,000 mortgage into a 4.75 percent 30-year fixed-rate three weeks ago, to get out of a 5-year, interest-only ARM with a 5.7 percent rate, which was set to change at the end of September. Borrowers such as Kreger were part of a push before Labor Day to close on the... Continue Reading »
Jul 8th 2010 9:20AM
A woman in her seventies called Clearpoint Credit Counseling Solutions because she could no longer afford her mortgage at a 6.75 percent rate and her house was underwater. The woman wanted to take advantage of the lower interest rates but couldn't refinance because she had no equity in the home. Karen Metoyer, a housing... Continue Reading »
Jun 25th 2010 2:18PM
Mike Valdez fits the profile of a savvy first-time homebuyer perfectly. A 34-year-old financial analyst from New Rochelle, N.Y., he and his family had grown sick of living the renter's life. So two years ago he decided to test the market and find a townhouse for his growing family. But despite his financial aptitude, he... Continue Reading »
