Tag: loan

Saving $95,000 by Refinancing into a Lower Rate and Shorter Duration Mortgage

Many homeowners with good credit are ditching their old 30-year fixed rate mortgages for the 15-year or 20-year versions. This is primarily to leverage historically low rates for these shorter… Read more »

15 Year Versus 30 Year Fixed Rate Mortgages – How to Determine Which is the Better Option

As mortgage rates continue to hover at 30 year lows, many people are wondering whether a 15-year or a 30-year mortgage term is a better option. After all, even though… Read more »

Alternative Home Loan Modifications Outpacing Government HAMP Mortgage Relief Program in Helping Homeowners

In a sign that private enterprise is still much more efficient than government run programs, USA today published a story confirming that private servicers’ alternative home loan modifications are outpacing… Read more »