Comments on: Nashville Refinance Stops High Interest Rates

By: home made solar panels

home made solar panels — Sun, 09 Aug 2009 00:23:42 +0000

I agree. When you refinance to a shorter term, you are lowering the amount of interest you pay over the life of the loan. Your monthly payments will more than likely increase, but your overall savings will be substantial! You will build equity in your home much sooner with a shorter term and will drastically reduce the amount of interest you have paid by the time you own your home free and clear. home made solar panels

By: Geoff@San Diego Real Estate

Geoff@San Diego Real Estate — Thu, 30 Jul 2009 05:03:50 +0000

It’s a great time to refinance for those who are able to do it. Interest rates are historic lows, and that won’t last forever. Every time there is a treasury auction the rates spike up, but so far the rates have trended back down in the days following the auctions. If the institutions and governments start shying away from treasuries then interest rates won’t come back down so easily. But refinancing isn’t so easy for those of us who are self-employed. The loan guidelines are pretty strict in requiring W-2 income verification, even when self-employed people have good credit scores and good income that isn’t documented with W-2′s. I’d sure like to see that policy changed.
.-= Geoff@San Diego Real Estate´s last blog ..San Diego Real Estate Prices Part 2 =-.

By: forbrugslaan

forbrugslaan — Sun, 26 Jul 2009 07:19:08 +0000

I agree. That is my concern as well. Acquire a home loan with lesser mortgage payment.

By: Cary NC Real Estate

Cary NC Real Estate — Fri, 24 Jul 2009 06:46:43 +0000

I agree. If someone is in the position to refinance their home mortgage loan, there is no better time than now to do it!