http://mycreditdebt.org Debt and Credit Blog and Resource Center Mon, 09 Jan 2012 23:54:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://mycreditdebt.org/mortgage-finance-experts-how-will-the-market-affect-homeowners-who-will-be-refinancing-next-year.php http://mycreditdebt.org/mortgage-finance-experts-how-will-the-market-affect-homeowners-who-will-be-refinancing-next-year.php#comments Sun, 29 Nov 2009 18:25:41 +0000 admin http://mycreditdebt.org/mortgage-finance-experts-how-will-the-market-affect-homeowners-who-will-be-refinancing-next-year.php My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that’s bound to occur as a result of this, they are worried about what refinancing has in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments —and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They’ve both been at their great paying jobs for over a decade; but they are still worried about whether they will be able to secure a decent fixed rate when their mandatory refinance is up. Any hope?

]]> http://mycreditdebt.org/mortgage-finance-experts-how-will-the-market-affect-homeowners-who-will-be-refinancing-next-year.php/feed 5 http://mycreditdebt.org/can-you-refinance-while-your-home-is-on-the-market-for-sale.php http://mycreditdebt.org/can-you-refinance-while-your-home-is-on-the-market-for-sale.php#comments Fri, 13 Nov 2009 12:28:38 +0000 admin http://mycreditdebt.org/can-you-refinance-while-your-home-is-on-the-market-for-sale.php Our home has been on the market for a while now. We need to refinance to lower monthly payment. Can we refinance a home thats for sale?

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