A $20,130,000 first lien mortgage for the refinance
of an 86-unit multifamily portfolio on N 48th St in Philadelhpia, PA.
Homeowners who survived the Great Recession with high debt-to-loan ratios completed 6,091 more refinances
in May under the Home Affordable Refinance
Borrowers refinancing through the Home Affordable Refinance
Program (HARP) got an even bigger break, according to Freddie Mac.
In the United States, where housing equity makes up almost two thirds of the median household's total wealth, public policies have been crafted to encourage home ownership and to help households finance and refinance
knows exactly what information borrowers should know in order to make an informed decision of whether or not to refinance
their home loan.
Some homeowners want to refinance
because their credit scores have improved and they hope to secure a better interest rate.
Individuals looking to free up cash for investment possibilities can benefit, as long as they are prepared to sell the home, or refinance
, before the interest-only period ends.
He also suggested that homeowners who had refinanced mortgages as fixed interest rates have decreased should refinance
again to adjustable rate mortgages.
5 times more likely to receive a subprime refinance
loan than whites, up from 3 times more likely in 2001, said Valerie Coffin, national research director for the Association of Community Organizations, known as ACORN.
Because of the uncertainties companies face in refinancing exempt loans, it's important to build flexibility into the terms of the new loan so the company can avoid having to refinance
the loan in the near future.
President Clinton has actively encouraged homeowners to refinance
their mortgages as part of his overall economic plan to stimulate the economy and to reduce the deficit.