With mortgage rates near historic lows, many borrowers are opting for a surprising mortgage option: A shorter loan with higher payments. Here’s why.
It’s been estimated that the average mortgage application now runs some 500 pages, a number many borrowers can ignore with an FHA streamline refinance.
Refinance activity is up and that may seem odd given that mortgage rates have been relatively stable since the start of the year. However, a look behind…
How Can You Refinance Your Mortgage WhenYou Can’t Show Enough Income? Find Out Here
If you’re thinking about a refinance, you’ve probably come across the term “breakeven” and maybe even played around with a breakeven calculator. You might have contacted a mortgage lender and been given a “breakeven point” for a prospective refinance. Chances are pretty good that you’ve been given incorrect information.... Read more
The recession has created numerous challenges for homeowners, not the least of which is being unable to qualify for traditional refinancing. The question of “Should I refinance?” has become “Can I refinance?” for homeowners impacted by lost home value. If your home has lost value, or you cannot qualify... Read more
CEO Doug Lebda speaks to TheStreetTV about the housing market, consumer finance, refinance and the state of LendingTree.com. Supply and Demand Mismatch in the Housing Market? With March home sells up 1.5%, Doug Lebda states that we’re definitely seeing a housing rebound. Existing home sales were down a little... Read more
Congratulations to Robert B., who refinanced his mortgage in less than two weeks! Here’s what he had to say about the process: After my recent refinance with LendingTree all I can say is: amazing. With the mortgage industry still in transition and all the new legislation I thought it... Read more
Average mortgage rates rose slightly after declining for several weeks, according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network. On June 21, average home loan rates offered by LendingTree network lenders were 4.70% (4.92% APR)... Read more
Average mortgage rates continued their decline this week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network. On June 14, average home loan rates offered by LendingTree network lenders were 4.67% (4.81% APR) for 30-year... Read more