Law Office of Jeanne M. Reardon: Posted on Sunday, February 11, 2018 4:23 PM
Standard Refinance
A
standard refinance paying off an existing mortgage with the proceeds
from a new loan. In order to decide whether this is worthwhile, the
savings in interest must be weighed against the fees associated with
refinancing. Other reasons to refinance include reducing the term of a
longer mortgage, or switching between an adjustable-rate and a
fixed-rate mortgage.
Acash-out refinanceis taking a loan for more than you owe on your existing
mortgage. Your existing mortgage is paid off from the new loan proceeds
and you receive the balance of the new loan. |
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Posted on Saturday, February 15, 2014 11:14 PM
The application deadline for the Making Home Affordable Program which includes HAMP Loan Modifications has been extended through December 31, 2015.
Read U.S. Department of the Treasury Press Release below:
Obama Administration Extends Application Deadline for the Making Home Affordable Program
Extension through December 2015 Will Provide
Struggling Homeowners Additional Time to
Access Sustainable Mortgage Relief and
Align End Dates for Key Assistance Programs
WASHINGTON –The U. |
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