Archive for February, 2009

Mortgage refinancing low instead of low mortgage rates

The mortgage interest rates are long time low right now but this has not resulted in an increase in refinancing by home owners. If we analyze properly we would see that there may be many home owners who would like to refinance but the reason they are not able to do so is because banks [...]

Home Mortgage Payment Calculator

Do you want to know how your interest rates impact your monthly mortgage payments. We have launched a mortgage calculator recently so that you can calculate your monthly mortgage payments easily using our mortgage payment calculator. With a better mortgage rate you can reduce your monthly mortgage payments and thereby reduce the burden of reducing [...]

Mortgage deductions: Wealthy on the losing end – CNNMoney.com

WWLP 22News Mortgagedeductions: Wealthy on the losing endCNNMoney.comSpecifically, that would include slashingmortgageinterest deductions for high-income taxpayers. The proposal would cap at 28% the tax break for itemized deductions. That would leave people in higher marginal tax brackets of 33% and 35% – the…Mortgageinterest tax deduction cut criticizedSan Francisco ChronicleIs YourMortgageDeduction Under Fire?Washington PostMortgageinterest plan riles [...]

Low Mortgage Rates a Mirage as Fees Climb, Eligibility Tightens – Bloomberg

Reuters LowMortgageRates a Mirage as Fees Climb, Eligibility TightensBloomberg27 (Bloomberg) — Brian Wickert, amortgagebanker in Butler, Wisconsin, prides himself on screening applicants carefully. That’s why he was stunned when a customer who sailed through four home loans tried to do a refinancing in January,…MortgageRates Mostly Flat as Activity VariesTheStreet.comMake the most of rare refi opportunitySeattle [...]

House delays vote on mortgage 'cram-down' measure – Los Angeles Times

Madison Messenger House delays vote onmortgage'cram-down' measureLos Angeles Times, CAA vote on amortgagecramdown measure is being postponed by House Speaker Nancy Pelosi until next week after industry groups voiced opposition and some lawmakers withdrew their support. Industry groups including the American Bankers Assn. and the…Dem spat delaysmortgagerelief bill in HouseThe Associated PressBankruptcy Provision StalledWashington PostHouse likely [...]