Tag Archives: Refinance

A Big Change in the Mortgage Industry

With the historically low mortgage interest rates over the past few years, the number of refinanced mortgages has risen astronomically. But over the past few months as rates have increased, the number of refinances has dropped just as dramatically.

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Interest Rates Inch Up

They say what goes up must come down. The reverse is true of mortgage rates. We’ve been enjoying historically low rates but it seems that they are on the rise.

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Survey Says Homebuyers Not Educated on Mortgage Process

If someone asked you what type of home you would like to buy, you’d probably know the answer. But if someone asked you what type of mortgage you want, could you answer the question just as quickly?

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The Tide Is Rising and Metro Atlanta Is Primed for Growth

A recession is a cyclical event, like the tides in the Low Country of Georgia. Each time the tide rolls out we know it will roll back in eventually.

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Buying a Home Can Be Deal of a Lifetime in 2013

The data is in for 2012 and the numbers look good. According to the National Association of Realtors, 2012 is a year for the record books in terms of housing affordability. The Housing Affordability Index released by the National Association …

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Evaluate the Benefits of Refinancing your Mortgage Before Rates Increase

By Cal Haupt, President and CEO of Southeast Mortgage For most of 2012, the average rate on a 30-year fixed mortgage has been falling, reaching new lows in each of the past four weeks. Last week the streak ended and …

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Why Mortgage Rates Don’t Matter (And Why They Do)

It seems that every day we open our newspapers (or Internet browser) there’s more news of mortgage rates hitting new record lows. In 2011, the record low was 4.45 percent. Last week, rates dropped to 3.56 percent. The low rates …

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Consumer Will Benefit From Simpler Mortgage Disclosure Form

For more than 35 years, two federal laws (the Truth in Lending Act or “TILA,” and the Real Estate Settlement Procedures Act or “RESPA”) have required lenders and settlement agents to give consumers who take out a mortgage loan separate …

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Now’s the Time for First-Time Homebuyers

If only the experts could agree. In Monday’s paper, The Wall Street Journal covered five personal finance topics, finding completely opposite opinions on each topic. Should you purchase long-term care insurance? Are variable annuities a good investment? There was even …

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Finding the Right Lender

A homeowner in Florida was puzzled to receive a condolence letter for his wife’s death from his mortgage lender. Why were they sorry for his loss? His wife was very much alive. But because their lender declared her deceased, they …

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