Refinance or modify while it’s still possible

Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t. Similarly, millions of borrowers who are having trouble making their mortgage payments but want to remain in their homes could have their mortgages modified to make …

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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 …

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Home improvements when selling

The temptation is strong: Clean up the yard, declutter the house, and put it on the market without spending time and money sprucing the place up for sale. This is especially the case if you anticipate losing money on the sale. Some real estate agents recommend you do little if anything to get your home …

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Refi into ARM for faster mortgage payoff

One of the interesting features of the current mortgage scene is that some borrowers with adjustable-rate mortgages (ARMs) are refinancing into fixed-rate mortgages (FRMs), and some with FRMs are refinancing into ARMs. Exchanges with borrowers on both sides of this divide indicate that differences in opinion on where interest rates are headed have little bearing …

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