What is refinances - Mortgage Refinancing 101



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Mortgage Professor about refinances:

Periodic Mortgage Refinancings: Who Gets Conned?
January 25, 2001 "I have a friend who refinances his home every three months. He has refinanced six times in the last two years. His mortgage broker buddy gives him a kickback of about $5,000 every time he refinances. He wants me to do the same deal ... more...

Why Won't My Mortgage Refinance Go Through?
May 19, 2003 "I filled out all the forms to refinance my loan, paid the $350 lock-in fee, provided all the documents they asked for...But it is now 4 months and still it hasn't closed...Periodically I call the person in charge of my refinancing, and he says he will get back ... more...

refinances related definitions

Prepayment
Prepayment Full or partial payment of the principal before the due date. This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan. ... more...

More about refinances

Get Free refinances Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Refinancing 101
Managing your finances is as important as earning them. Rather at times it is more significant to administer your resources than actually find ways to earn. Since imprudent investments might result into drainage of hard earned monetary resources. Diligent management of income enables one to enjoy ... more...

The Red Flags of Getting a Home Loan
Red flags are indicators that there may be a current or future problem with the borrower or transaction. They help Underwriters isolate pertinent issues that are part of the overall loan evaluation. They are questionable items, and when there are several, they usually indicate that something is ... more...

Conventional Financing For Wholesale Deals
This info is very important for both new and experienced wholesalers, AND buyers of fixer-uppers, to carefully read and understand. We learned it painfully, hopefully you won't have to :-)Often times we are asked by investors about using conventional financing for their investor deals. In other ... more...

How Can You Avoid Mortgage Fraud?
Fraud is a growing crime in America. From mortgage fraud to identity theft, consumers are at a daily risk of becoming victims of fraud.Every year, misinformed homebuyers become victims of mortgage fraud. Most fraud schemes will target first-time homebuyers, minorities and seniors.Buying a home is a ... more...

Real Estate Investing: Beware of "Subject To" Promises
Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need to buy his book so you can finance multiple properties "subject to." The reason, he said, "because banks won't let you finance more than ten mortgages."This simply isn't true.First, banks let ... more...

Postcards Picture Perfect Promotion
There is a simple but almost mystical law which governs promotion and marketing and their relationship to the amount of business generated: business will come in to the degree that you get your message out, promote, let people know you are there, advertise, write to people, call people, e-mail ... more...

Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
Here's another awesome question I received from my discussion board. The question; Why bother keeping property after it's rehabbed? Why not sell it after the rehab and GET PAID!Of course, the first questions that you must answer is how emergent is your need for quick cash? You can likely ... more...

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