Mortgage & Refinancing Information

The Real Truth About Those: Online Get a Better Loan Web Sites - 6 Things to Look For


You have seen the Commercials on TV go this or that web Site and Refinance your Home and Save thousands. Tempting isn't it? Do they really save you money?

But what if you need help or Advice? What if you have questions? Can an online Internet Robot Design a Mortgage Plan customized for your unique situation.

Here are 6 Reasons why a Financial Service Professional is better then those online Internet Robots

1 - Loan Maize

Their are hundreds of loan Types and Terms. Which is best for you? Before you go to the Internet learn a little about the loan Maize. Here is just a partial list of terms involved in the Maize.

First you Pick the Loan Length

  • Less then 15 Years
  • 15 Year
  • 20 Year
  • 30 Year
  • More then 30 Years

    Next Pick the Loan Type

  • First Trust Deed
  • Second Trust Deed
  • Home Improvement
  • Reverse Mortgage
  • Inverse Mortgage
  • Bi-Weekly Mortgage
  • Debt Consolidation
  • FHA
  • VA

    Now Mix and Match from some loan Terms

  • Fixed Rates
  • 30 due in 5
  • 30 due in 7
  • Fixed for 3 then Adjusts
  • Buy Downs
  • Arms
  • Steps
  • Interest Only
  • Fully Amortized
  • Ballons
  • Full Doc
  • Negative Amortization ARM   
    MORE RESOURCES:

    Washington Times

    The Truth About Mortgage Refinancing Revealed By Connecticut ...
    SBWire (press release), WI - 17 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


    Xinhua

    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 831 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 530 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
    Home-Mortgage Rates' Next Stop: Below 5% Wall Street Journal
    Ventura County Star - Wall Street Journal
    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


    Congressman sees support for home refinancing bill
    Central Valley Business Times, CA - Jan 8, 2009
    “So many folks have found themselves underwater in their mortgage … they can’t refinance,” says Mr. Cardoza. Often those who have lost their investments in ...
    Cardoza submits plan to refinance mortgages Merced Sun-Star
    Congressman Cardoza Introduces Housing Legislation ABC30.com
    Cardoza sponsors bill to reduce mortgage payments, stabilize ... Central Valley Business Times
    all 5 news articles

    mortgage refinance - Google News

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