Should you get a loan modification or refinance a mortgage? These are some simple pieces of information that can help you make the decision.
Posts Tagged ‘refinance’
Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense
A friend recently called asking for advice on what to do with his Adjustable Rate Mortgage (ARM). His ARM is scheduled to reset in June of 2009. He has some time to think about this and I commend him for his foresight. Now my friend can chose to gear up for a refinance into a [...]
Loan Servicing Transfer vs. Refinancing
From the Arizona Mortgage Guru mailbag: Question: Well, we just received a notice that IndyMac, who we have a second mortgage with, closed it’s doors. They kindly sent us a notice that they are working with Wells Fargo to offer help refinancing our loan. My concern is this, if we have to go through a [...]
