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A friend of mine from the East Coast called the other day regarding a possible mortgage for a new home she was building. She had recently re-entered the workforce as a professor since getting her doctorate and wanted to qualify for a mortgage on her own, without any assistance...
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Well folks, I believe the 2nd re-fi boom of 2001 is now upon us. For homeowners who thought President Bush's tax refund checks were a nice surprise, you may be a candidate to save a lot more than a few hundred dollars. Interest rates have dropped to levels not seen in quite a...
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The Federal Housing Administration is making it easier for home owners to refinance their government-insured mortgages.
Under new streamlined refinancing rules, some FHA borrowers will be permitted to use the equity they've built up in their homes to finance closing costs....
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You've heard of the "refi boom" of 2001. Well, get ready for what could shape up to be the "re-refi" boom of 2001.
With mortgage rates sliding below 7 percent, the economy in serious slowdown mode, and the Fed poised to push down short-term interest rates once again...
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Rates are low. Again. Should you refinance your mortgage?
But what about the sacred "rules of thumb." Aren’t you supposed to wait until rates get at least 2 percent below your current rate? Or wait two years? Or perhaps you’re supposed to recover your closing costs in two...
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It's not a boom, at least not officially. But the rush to refinance is definitely on.
"This month may make our year," says Tom Ward, president of Majestic Mortgage Corp. Normally, January is a slow month for the Mundelein, Ill., lender because of the harsh Chicago weather....
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