July 2010

Tell Me Simply, Why Are Mortgage Rates So Low Right Now?

Avoiding a course in Economics, let me share one of the primary causes of mortgage rate fluctuations – in a very simple manner. When people, companies, etc., want to invest their money, they make decisions about how much risk they want to take.  With our economy and the overseas economy being rather up and down [...]

Read Full Article & Comment →

New York Attorney General Warns Loan Modification Companies To Cease Illegal Activity

Who’s that dude in the mask? He’s the guy you paid $2500.00 to modify your loan. Seem strange? Maybe. But that’s what thousands of borrowers have done and will continue to do out of desperation. Anthony Cuomo, New York Attorney General, is doing what he can to put a stop to bad loan modification companies [...]

Read Full Article & Comment →

But Won’t It Benefit Me If I Refinance With My “Current” Lender Since They Know My History?

It is quite common to hear borrowers say they will refinance or want to refinance with their current mortgage lender because they have good credit and have paid their mortgage on time.  The thought behind this is that the current lender will give them something great because of their good history.  This is a fallacy. [...]

Read Full Article & Comment →