Low Rates, High Obstacles to Refinancing Mortgage

As interest rates have slid over the past couple of years, Gabriel Bousbib of Englewood, N.J., refinanced his 15-year mortgage not once, but twice-cutting his interest rate in two steps from about 4.6 percent to 3.375 percent. He’s one of a number of homeowners who refinanced just a year or two ago, but decided it …

Continue reading ‘Low Rates, High Obstacles to Refinancing Mortgage’ »

Five Restaurants Vie For Big Corona Beach Concessions Business

Five restaurants submitted applications for the Big Corona State Beach concessions business, and city officials say they are hopeful that one of them will be selected this week. The five applications were from Babe’s Cafe, Beach Snack Bar, The Porthole, Rooster Cafe and Zack’s Beach Concessions and Catering. Four of the five proposers interviewed with …

Continue reading ‘Five Restaurants Vie For Big Corona Beach Concessions Business’ »

Three mortgage mistakes to avoid

The mortgage market is in a state of tumult these days. Rates are bizarrely low, but many homes are worth much less than the mortgage balances they secure. People are still losing their homes left and right, but millions of mortgage applications of creditworthy borrowers are being rejected every year. Against this backdrop, it’s really …

Continue reading ‘Three mortgage mistakes to avoid’ »

Four ways to avoid refinance rejection

“My application to refinance my $200,000 loan was recently turned down … do I have any recourse?” If by recourse you mean a third party of some standing who will direct the lender to make the loan, or attempt to persuade them to do it, the answer is “no.” No third party is going to …

Continue reading ‘Four ways to avoid refinance rejection’ »