The research confirms most observations that a substantial segment of homeowners have become more knowledgeable about the refinancing
process and the level of service they expect to receive.
While such a refinancing
could be successful, the extension of the maturity provides no permanent relief to leverage.
for $325,000 for a two story, mixed use, non-elevatored building containing one Class A apartment and one commercial unit located in Morganville, NJ;
Consequently, it also sees refinancing
transactions dropping to 33 percent of total mortgages, down from 71 percent in the first quarter.
The costs associated with refinancing
involve the same costs as your original mortgage: points, closing costs, and in some cases, penalties (see "Home Free" in Consumer Life) depending on your contract.
An interesting aspect of refinancing
is that, in most cases, it involves converting some home equity into cash.
There can be no assurances that a refinancing
will be consummated.
for $1,000,000 for four properties containing eighteen Class A apartments and one commercial unit located in Lowell, MA.
Before you call up your local banker, it's important to do some numbers crunching to make sure refinancing
makes sense for you.
through the Home Affordable Refinance Program (HARP) got an even bigger break, according to Freddie Mac.
recently released a guide designed for homeowners in California that are considering refinancing
WASHINGTON, April 3 /PRNewswire-FirstCall/ -- Fannie Mae announced today that the company's refinancing
volume jumped to $77 billion in March, nearly twice the refinancing
volume the company experienced during the month of February and the company's largest refinance month since 2003.
in the amount of $600,000 for two buildings, each two stories, non-elevatored buildings containing a total of sixteen Class A apartments located in Sarasota, FL
As Kinney points out, "Moving or refinancing
isn't always as easy as people think.
To do so would be economic lunacy, of course--but Greenspan obviously understood that mortgage refinancing
is the only engine driving consumer spending, and thereby keeping the U.