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The borrower's loan balance will reach $160,000 after five-and-a-half years. The reboot of the federal government's mortgage refinancing program officially kicked off Dec. 1. But for lenders taking part in the revised Home Affordable Refinance ...

Refinancing program HARP 2.0 stalls before it starts

Two studies this week conclude that Columbus home prices are well below where they were a year ago, although one suggests that the fall might have halted. The real-estate information firm Clear Capital reported that central Ohio home prices in ...

Refinancing left ex-husband on the line for mortgage

QUESTION: My daughter is in an interest-only loan with a 30-year term. Her interest rate is 8%. She owes $128,000 on the loan. Fannie Mae owns the loan. She has tried to refinance her home. We thought that she could refinance her loan under the ...

Options for refinancing a high-rate interest-only mortgage

Another possible route you might take is to work with a mortgage broker who could shop for the best rates and terms for you to refinance your existing mortgage, Nord said. You do not say what the mortgage loan period is or what your age is ...

Biz Brain: Low-income but still seeking a loan

The higher fee would not apply to people who currently have mortgages unless they refinance beginning next year ... to curb Fannie Mae’s and Freddie Mac’s dominance in the mortgage market. Obama earlier this year proposed raising the ...

Payroll tax-cut extension adds $17 a month to typical mortgage

(Reuters) - Applications for refinancing on home mortgages jumped last week, even as demand for new home purchases dried up, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ...

Mortgage refinance demand jumped last week: MBA

I originally put down more than 25 percent of the home's value, but since I've only paid for about a year into a 30-year mortgage, I don't have a lot of equity built up. Is there any way to refinance without having to find another $60,000 to ...

The slippery slope of serial home refinancing

Mortgage refinance demand rose last week, spurred by the lowest interest rates of the year, according to the Mortgage Bankers Association (MBA). Refinance applications were up a seasonally adjusted 9.3 percent for the week, to its highest level ...

Refinancing Up on Lower Rates

Mortgage rates have stalled near record lows for several weeks, giving homeowners extra time to refinance and decrease their monthly mortgage payments. But those who don't have enough equity to refinance anxiously await the day when they'll ...

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