Time to Refinance?
January 06, 2009
The time to refinance home loans is here for millions of Americans as mortgage rates have dropped to their lowest rates in over 35 years. Although rates on 15-year fixed and 30-year fixed mortgages are lower, the process to be approved for a loan is more cumbersome than in the past. For borrowers with very good credit scores and verifiable income, approvals will still be easily obtained. However, for anyone with average-to-poor credit scores lenders are asking for more documentation and are more diligent in their overall approach. Homeowners should compute the actual monthly savings a new mortgage will provide and compare that with the services fees involved to see how quickly they actually start saving money. Mortgage brokers this week have reported that some of their customers have realized savings of $200 to $300 a month. Check the latest rates on various loans below:
home loan
20 April 2009 at 12:05 am
Nice site! Thanks for the great post
Anonymous
6 January 2009 at 8:20 pm
Great article!
I submitted it to BankFiesta.com to share with others, hopefully will get you some additional visitors too.
Cheers