Living in The East Valley » Refinancing

Arizona underwater homeowners to get refinance help

admin — Tue, 25 Oct 2011 17:25:30 +0000

Below is an article from the

Arizona Republic

about the newly announced refinancing program for home owners.

Arizona underwater homeowners to get refinance help.

Mortgage Rates Lowest Since 1971

admin — Fri, 25 Jun 2010 19:00:22 +0000

Interest rates have fallen to the lowest level since tracking began in 1971. The average rate for a thirty year fixed rate home loan is 4.69%. In general, if you plan on being in your home for at least five more years and the current interest rate you are paying is at least one point higher than the current rate, you should consider refinancing. Interest rates will vary depending upon your credit rating and the type of loan you are interested in obtaining. The best way to find out what impact refinancing would have for you, would be to call your bank or credit union. You might want to call several local banks or lenders as rates and loan costs may vary.

Low interest rates also make this a good time to buy a home. Read our previous post – Why Get Preapproved For Home Loan?

For more information on interest rates:

Mortgage Rates Drop to a 39-year Low – Arizona Republic, June 25, 2010

Mortgage Rates Set New Record at 4.69%- Wall Street Journal Online

Mortgage Rates at 52 year low

admin — Thu, 26 Mar 2009 19:49:00 +0000

Mortgage rates have come down this year to levels not seen since 1956. This makes it a good time to refinance or to buy a home.

Read more about it at CNN/Money.com – Home Mortgage Rates at 52 Year Low

Help for Homeowners with a Federal Tax Lien

admin — Wed, 17 Dec 2008 22:42:00 +0000

There was an article in Wednesday’s AZ Republic about steps the IRS is taking to help homeowners who are attempting to refinance or obtain a loan modification but have a federal tax lien on their home. If this applies to you, you’ll want to read the article. Just click on the link below.

AZ Republic Article – IRS Helps Homeowners Deal with Federal Tax Lien

Housing and Economic Recovery Act of 2008

admin — Wed, 30 Jul 2008 20:30:00 +0000

President Bush signed into law the Housing and Economic Recovery Act of 2008. The link below provides a good summary of the act (provided by the National Association of REALTORS®). You should read this if you are considering purchasing a home, selling a home, or feel that you need to refinance an existing home loan.

Summary of Provisions

Who Should You Call??

admin — Mon, 14 Apr 2008 19:40:00 +0000

If you have started having trouble making your house payments or anticipate having trouble in the near future, you may want to ask for some advice or help. The US Department of Housing and Urban Development has a listing by state of approved housing counselors on their website.

HUD Approved Housing Counseling Agencies for AZ

They also have Tips for Avoiding Foreclosure and a lot of other valuable information. One of the first things listed, which I have heard recommended by others as well, is to call your lender and explain your situation and ask for help. If your lender can’t help, you might want to call one of the approved counseling agencies for advice. There are some new government programs to help struggling home owners and the counseling agencies should have current information about the programs.