Hot news from AZ Home Help:
Posted To: MND NewsWire
Homeowners who refinanced in the first quarter of 2013 maintained the approximate cash balance of the loan they were refinancing but in more than one quarter of the cases, they shortened the term of their new loan. Freddie Mac's quarterly refinance analysis showed that borrowers in the first quarter, taking advantage of record low interest rates, will save an aggregate of approximately $7 billion in interest over the next 12 months. These borrowers, by an overwhelming margin, opted to insure they will keep those rates as 95 percent chose fixed rate loans. The cash-out refinancing boom which came to a screeching halt with falling house prices and stricter lending standards shows no sign of resurgence. The net dollars of home equity converted to cash through refinancing remained at a low consumer...(
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http://www.mortgagenewsdaily.com/06062013_cash_out_refinancing.asp - For more real estate news visit our website at http://www.AzHomeHelp.com
Homeowners who have had a foreclosure or short sale years ago just got approved to buy a new home. Nowadays, many lenders have flexible loan programs that you can take advantage of. Visit an expert in your area to see if you qualify. You can also search online.
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