Reader Question: I applied for a refinance loan several days ago and locked the rate. I have also provided all the necessary documentation. This has cost me nothing other than the $350 I paid the appraiser yesterday. Since locking the rate, current mortgage rates have dropped almost a half point over ...

Reader Question: I keep hearing that it's a good time to refinance a mortgage loan right now. But I also hear that a lot of homeowners are having trouble refinancing right now. How can it be both ways? I'm confused by this. It can be confusing, so let me try to ...

So far, the government bailout we have spent staggering sums of money on has been a colossal failure. Unless, of course, you're the CEO of a major financial institution. Foreclosure rates are still soaring all across the United States, with more than 80,000 in September alone. Why? Because people can't refinance ...

I saw a report today that said more than 80,000 homes in the U.S. were foreclosed upon last month (September). As these trends continue, there will also be an increase in the number of people refinancing to avoid foreclosure on their homes. But how does this process work? How can a ...

A lot of people are trying to refinance their home loans these days to take advantage of lower interest rates, or perhaps to escape the uncertainty of the adjustable rate mortgage loan they currently have. But many of these same people are also coming to an unfortunate conclusion -- it's hard ...

I've always thought that the best way to learn a new process is to take it one step at a time. And when it comes to a process like home mortgage refinance (where there's a lot of money involved), it's even more important to learn the steps involved. So what are ...

I remember the first time I bought a house and shopped around for a home mortgage loan. I was so nervous about the process, because all of the terminology was so new to me. Not to mention the amount of money that was on the line! Many people feel the same ...

Many homeowners who are paying unusually high interest rates on their mortgage loans got into that situation by having bad credit. In fact, we are seeing a lot of this on the news right now, with the so-called "mortgage crisis." Later on down the road, many of these same homeowners will seek ...

If you have begun to research the mortgage refinance process, you have probably made an important discovery regarding calculators. In order to determine if a refi is the right financial move, you must first run the numbers to determine your savings. Because let's remember the all-important rule of thumb: If the ...

In most cases, the whole point of refinancing a mortgage loan is to secure a lower interest rate than what you're currently paying on your home loan. In doing so, you can lower your monthly mortgage payment as well, which can save you a lot of money over the life ...