As a result of the depressed economy, lenders have reduced interest rates to historic lows but many homeowners are not getting the benefits as they see refinancing as a hard process. (See another interesting article from NY TIMES correspondent Bob Tedeschi) This is not the case so if you have an interest rate of more [...]
Besides making you clear on the goals of your refinance your attorney should be able to review your GFE and point out where potential cost savings may occur. From suggesting potential lenders to trying to get the lender to accept a modification or assignment your lawyer’s familiarity with lending practices should help you understand the [...]
When discussing a client’s refinance I usually go over a script on what to say to the mortgage brokers to get a GFE. When you call the right type of lender you should only need to answer a few general questions about your income and credit in order to get a GFE. Because a GFE [...]
I tell all my friends to call your real estate lawyer before you start the process. Even if you are knowledgeable about interest rates it never hurts to make a call to get some advice that could save money. While it serves to reason that a lower rate is better that is not the whole [...]
5 Myths That Can Ruin the Purchase of Your Home
