Mortgage & Refinancing Information

Getting The Best Rates On Mortgages And Loans


With an impending up-grade to the family due in a few months it soon became clear that our two-bedroom home would need an addition. We loved our house too much to consider moving. Not having the large sum of cash necessary to build it, however, we began a process that became a little more than burdensome. As my wife and I wandered in and out of financial institutions claiming to have "The lowest rates around" and discovering the degree of separation between institutions was greater than we had anticipated, it became very clear that this process would take a lot longer than we had originally thought.

As we were filling out the umpteenth loan application form one night a commercial for a popular insurance company came on. It offered to give us a free quote from them and from some of their competitors. I have no problem with the idea but I have always wondered how much effort they really put into finding the lowest rate available for the coverage needed. After all they too were trying to get our business. But then I had an idea!

Like some kid that had just realized a potential way to save themselves a ton of work, I went to the Internet and sure enough, there it was! A company that could take the same information that I had been supplying on application after application and shop it around for the best rates! It was over! No more wandering in and out of banks or finance companies to fill out the same paperwork over and over until I was literally cramping. In minutes they came back with the name of a place that would save us thousands of dollars over another company we had been interested in. We had now saved ourselves many hours of painstaking effort.

We started adding the addition the very next week. If you need a loan for any reason just get online and find yourselves an honest site that will find you the best rate possible. This is the Information Age and there are places online that can find you the best rate with less effort than you could ever hope to achieve on your own!

We all know the cost of not shopping around for the best rates. It can honestly add up to thousands of dollars over the course of your loan. Don't work harder, grasshopper-work smarter!

Paul Sanford
Resources:   


MORE RESOURCES:

Washington Times

The Truth About Mortgage Refinancing Revealed By Connecticut ...
SBWire (press release), WI - 16 hours ago
Westport, Connecticut based Mortgage Broker Don Caiati reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying ...
Refinancing suddenly booms Honolulu Advertiser
Lenders Backlogged By Refinancing Rush Washington Post
Low Mortgage Rates Bring Refinancing Boom MSNBC
Forbes - Washington Times
all 25 news articles


Reuters

Average Mortgage Rate Hits 5%, Lowest in Decades
New York Times, United States - 9 hours ago
Of course, buying a home is a more lengthy process than simply calling up a mortgage broker to refinance, and activity typically slows during the holiday ...
US Banks Offer Mortgages Below 5% After Fed Action Bloomberg
Rates lowest since '71; time to refinance? Modesto Bee
Long-Term Mortgage Rate Falls Again Wall Street Journal
Forbes - Boston Globe
all 650 news articles


Cardoza proposal could aid housing crisis
Stockton Record, CA - 2 hours ago
Under the Cardoza plan, the payment on that mortgage refinanced to 4 percent fixed rate would drop to $1194 a month. Contact reporter Bruce Spence at (209) ...


REFILE-UPDATE 1-US mortgage demand dipped before Fed move-MBA
Reuters - Jan 7, 2009
The jump in applications during December may have been driven by homeowners already "on the fence" and prepared to refinance on a drop in mortgage rates, ...
Mortgage applications down in latest survey Forbes
Week-to-week mortgage applications down 8.2% MarketWatch
Fewer apply for home loans; credit line delinquencies increase Los Angeles Times
KVOA.com - Kansas City Star
all 63 news articles


Boston Globe

Fed’s Rosengren Calls for ‘Concerted’ Fiscal, Monetary Policies
Bloomberg - 4 hours ago
... to purchase or refinance homes,” Rosengren said. The average rate on a 30-year fixed-rate mortgage dropped for a 10th week to 5.01 percent yesterday, ...
Rosengren sees path to recovery Boston Globe
Fed's Rosengren says recession more severe than thought Reuters
all 51 news articles


Los Angeles Times

Congressional Press Release on Mortgage Deal
Wall Street Journal - 9 hours ago
"Despite efforts by Congress to address this issue, not enough lenders have come to the table to help borrowers with bad mortgages refinance into new, ...
Citigroup reaches agreement with key senators on mortgage ... Minneapolis Star Tribune
Citigroup agrees to allow judges to help modify some mortgages IdahoStatesman.com
all 526 news articles


TopNews

Question & Answer on mortgage refinancing
Boston Herald, United States - Jan 1, 2009
If I refinance the mortgage on my current house, will I hurt my chances for getting a loan for a new place later on? A: No. Refinancing a loan shouldn’t ...
MORTGAGES: 30-year Mortgage Rate Falls For Ninth Straight Week To ... CNNMoney.com
Mortgage Rates Hit 37-Year Low Poynter.org
30 Year Fixed Rates Drop to 5.10 percent Best Syndication
Wall Street Journal - Ventura County Star
all 457 news articles


Refinancing shoots through the roof
Plano Star Courier, TX - 15 hours ago
“Quite a few people have remortgaged,” said Craig Jarrell, loan officer with Pulaski Mortgage. “Most people who refinance are new homeowners as recent as ...


Mortgage refinancing skyrockets
Cincinnati.com, OH - Jan 3, 2009
... 2009 With US mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance ...
Waco banks seeing a boom in mortgage refinance applications Waco Tribune Herald
Borrowers seeking to refinance may face challenges WTOP
As mortgage rates slide, refinancing applications take off Dallas Morning News
all 15 news articles


The very good reasons to refinance
Boston Globe, United States - 14 hours ago
When I wrote about the hidden cost of the additional years of mortgage payments, several people wrote in with very good reasons to refinance anyway. ...

mortgage refinance - Google News

Article List | Index | Site Map
All logos, trademarks and articles on this site are property and copyright of their respective owner(s).
The comments are property of their posters, all the rest is Copyright © 2006 CanadaSEEK.com - All Rights Reserved.