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August 2010 Mortage Articles

Mortgage Relief Coming for Unemployed Homeowners

August 30th, 2010
Over the weekend, the Obama Administration announced a new mortgage relief program to assist homeowners who have faced an unexpected reduction in income. If you are unemployed, are underemployed in...  Read More

Look Out Below! Economic News and Mortgage Rate Update

August 27th, 2010
Among various economic reports, the only numbers that went up this week in are those of refinance applications. News wires indicated declines in economic data, suggesting a still struggling economy....  Read More

Home Sales Plummet And Prices Slide In July

August 25th, 2010
Late August figures from the National Association of Realtors and and the Commerce Department show a retreating housing industry. With summer winding down, so is the traditional home buying season–and...  Read More

Cash-In Refinance, Does It Make Sense for You?

August 24th, 2010
The current economic climate has resulted in changes in conventional wisdom. No longer are homeowners merely looking to lower monthly mortgage payments or pull cash out of their properties. Today...  Read More

Refis At Highest Levels In Twenty Months

August 20th, 2010

The current economic climate has resulted in changes in conventional wisdom. No longer are homeowners merely looking to lower monthly mortgage payments or pull cash out of their properties. Today...  Read More

Why Refinance Now If Rates May Drop Further?

August 18th, 2010

Conforming mortgage rates and FHA mortgage rates have remained below 4.5 percent through early June 2010. Since then, they have dropped considerably further. Did those who refinance their mortgages in...  Read More

Closing Cost Credits Save You Thousands

August 17th, 2010

Would you rather pay $237,500 for your new home or $250,000? Would you rather have a 4.25 percent interest rate or 4.5 percent? The instant reaction is to say you...  Read More

FHA Short Refinance Has New Guidelines

August 16th, 2010

Upside-down on your mortgage? Frustrated you are unable to refinance to the historically low mortgage rates currently available? Unwilling to sell your home and go through a short sale? FHA...  Read More