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 »
Aug 23rd 2010 6:30AM
Is your home underwater? Do you owe the bank more than it's worth? if so, you may finally be able to get a fixed-rate Federal Housing Administration loan with principal reduction. Available to qualified homeowners on Sept. 7, these new FHA loans require banks to write down at least 10 percent of the unpaid balance of the... Continue Reading »
Jul 23rd 2010 10:22AM
Are you stuck with high mortgage interest, but think you can't refinance because you owe more than the house is worth? You may still be able to qualify for a Fannie Mae Refi Plus loan. You can get a refi for up to 125 percent of your home's value. That means if the current market value is $200,000, you can get a mortgage... Continue Reading »
