If you have been shopping for a mortgage, chances are you have found the process to be overwhelming and confusing.  Besides the multitude of loan programs available, it can still be confusing even if you are only looking for a 30 year fixed due to the way each mortgage company quotes their rates and fees.  Unfortunately, there [...]

You probably see ads all the time for “No-Cost Refinancing”, but what exactly is it and how do some lenders offer it and some don’t?  The truth is, all lenders can offer it and probably do, it’s just that some use it as a marketing gimmick.  A true no-cost refinance is one in which the [...]

Although the President’s “Housing and Affordability Plan” was announced on February 17th, it wasn’t until yesterday that we got the details of what it actually means to homeowners.  We are finally seeing some changes in guidelines, starting today with a major announcement by Fannie Mae.  It was announced that over the next two months, significant [...]