Three Rules of Thumb for Mortgage Refinancing

You might think that deciding to refinance a mortgage requires only a quick comparison of loan interest rates. Unfortunately, that's not really true. Refinancing is trickier than that! Fortunately, three useful rules of thumb can often help you make sense of refinancing opportunities. Rule 1: Don't Ignore Total Interest Costs You really want to use refinancing as a way to...

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Bank Mortgage Or California Mortgage Loan Broker, Who Is Best For You?

Keith Hunt

Although banks lend money they can only offer the limited amount of loan products available to them. Therefore the bank loan officer’s knowledge is limited to those products available.

These products may not be the best one for your specific situation. To close the deal a bank may try and put a square peg in a round hole, potentially costing you thousands of dollars.

For more information please call toll free 866-711-4636 or go to:
http://www.goldmedalmortgage.com/NationwideLoanPrograms

Unlike a bank, GoldMedalMortgage.com represents hundreds of different lenders nationwide each offering different types of loans. For instance many banks will not offer a loan if you have poor credit, can't document income, or can't make any down payment. But we deal with specialist lenders on a daily basis that can offer loans in all of these categories.

With a superior knowledge of all the different loans available we provide you with expert advice on any problems involved in qualifying including credit problems. We will shop the market to find the ideal loan with the best rate suited to your specific situation and then lock in the rate and other terms with the lender.

GoldMedalMortgage.com resources give us the ability to actually make loans that their banks can’t!

A bank officer represents his institution, whereas we work for YOU, and do not represent any specific lender that does not want you to get the loan!

If you are looking for a home equity loan, home improvement laon, debt consolidation laon, or refinance, compare our rates with any other major institution such as Washington Mutual, Wells Fargo or Countrywide.

About GoldMedalMortgage.com:
GoldMedalMortgage.com is a nationwide home mortgage loan company powered by Desert Valley Properties and First Source Financial. They offer debt consolidation, home equity, FHA and home improvement loans. First time home buyer programs available.

For more information please call toll free 866-711-4636 or go to:
http://www.goldmedalmortgage.com/NationwideLoanPrograms


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Some tax issues to consider on mortgage write-downs (Washington Post)
With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in m...
Borrowers in foreclosure prevention plan losing mortgage aid (Washington Post)
About 90,000 distressed borrowers have lost their mortgage aid under the government's foreclosure prevention plan, and many more are at risk of losing the help, according to Treasury Department data released Friday.
Some tax issues to consider on mortgage write-downs (Washington Post)
With the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive -- or seek to receive -- such assistance. The IRS gets involved in.....
Lender blames escrow shortage for $400 increase in monthly mortgage payment (...
Q: We have owned our house for many years, and the lender has always escrowed money to pay our real estate taxes and insurance. This year, we received a notice from the lender that our monthly mortgage payment will increase by over $400 because there is an escrow shortage. Can we cancel the escrow r...
?Mortgage Financing Risks High Inflation? (This Day)
Management of Diamond Bank Plc has said the rising inflationary rate in the country is having adverse impact on the operations of mortgage business.
Yahoo! News Search Results for refinance

Refinance may limit financial flexibility (Bankrate.com via Yahoo! Finance)
Reduced financial flexibility may be the price for a home refinance that lowers your mortgage rate.
Pernod Ricard Plans to Issue Bonds to Refinance Absolut Buyout (Bloomberg)
March 10 (Bloomberg) -- Pernod Ricard SA , the world?s second-biggest liquor maker, is planning to sell six-year bonds to help refinance loans used to buy the Absolut vodka brand in March 2008.
REITs show rising prices but growing risks (Washington Post)
Analysts, bloggers, real estate dealmakers and managers of mutual funds are as puzzled as I am about the 90 percent rise in REIT indexes since March 2009. Commercial real estate lags the business cycle, so shares of real estate investment trusts normally do not rebound until after it's apparent the....
Euro finance ministers to agree on Greek aid: source (Reuters via Yahoo! News)
Euro zone finance ministers are likely to agree on Monday on a mechanism for aiding Greece financially, if it is required, but will leave out any sums until Athens asks for them, an EU source said on Saturday.
Do-it-yourself taxes vs. the CPA (Washington Post)
After turning to a professional, one taxpayer went from owing thousands to getting a big refund.
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