July « 2011 « home loans – mortgage refinance second mortage

July 30, 2011

Urgent-Don’t Refinance or Close a New Mortgage Without Using the Mortgage Inspection Service to Avoid Overcharges

Filed under: Mortgage Refinance — Tags: Avoid, Close, Inspection, Mortgage, Overcharges, Refinance, Service, UrgentDon't, Using, Without — admin @ 8:32 pm

Urgent-Don’t Refinance or Close a New Mortgage Without Using the Mortgage Inspection Service to Avoid Overcharges

Washington, DC (PRWEB) November 16, 2009

Americas Watchdog’s Mortgage Inspection Service has been protecting US homeowners, or borrowers about to close on a home loan from being gouged with junk mortgage fees, and or inflated interest rates, for the better part of a decade. The group is saying, “our Mortgage Inspection Service is a truly unique mortgage document inspection, and mortgage review, designed specifically to make sure the consumer gets the absolute best possible deal, and our report is in writing.” The Mortgage Inspection Service says,”by putting our mortgage review and inspection in writing, we make it easy for a consumer to see where the mortgage lender has tried to throw in junk mortgage fees, inflate their interest rates, or highlight other areas of concern we have. There is no other service like this in the US, that has our credibility.” For more information please contact the Mortgage Inspection Service at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

But I thought with the mortgage meltdown, mortgage lenders had cleaned up their act? According to the Mortgage Inspection Service,”mortgage lenders have not cleaned up their act. If anything, junk mortgage fees, are as badly now as they have ever been. We think this is because with fewer loans, or refinances, some mortgage brokers, or mortgage lenders are doing everything possible to squeeze every penny they possibly can out of the borrower. Our mortgage inspection is designed to prevent this.” Consumers who are about to close on a new home loan, or refinance an existing home loan tin call the Mortgage Inspection Service anytime at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

The Mortgage Inspection Service is saying, “in addition to looking for junk mortgage fees, or inflated interest rates, we also look at title, and closing fees, on a home, or condominium purchase, or refinance. On a typical transaction we normally discover $ 200+ in closing, or title insurance fee over charges alone.”

From a credibility standpoint, the Mortgage Inspection Service, or its sister group the National Mortgage Complaint Center have been featured in Money Magazine, the Wall Street Journal, Newsweek Magazine, Good Housekeeping Magazine, CBS MarketWatch, the International Times, numerous national publications, or heard on NPR, and seen on CNN.

The Mortgage Inspection Service is saying, “anyone about to finance, or refinance a home should use our $ 75 mortgage document review, and inspection, if they really want to make certain they are getting the best possible mortgage deal.” The group says, “we encourage honest real estate agents, homeowners insurance agents, churches, or organizations to put a link to our web site on theirs. We would also like corporate HR managers to let their employees know about our very unique mortgage document review, inspection, and analysis; all designed to save the consumer money, and or to protect them from being overcharged in a mortgage transaction. For more information please contact the Mortgage Inspection Service anytime at 866-714-6466, or contact the group via its web site at Http://MortgageInspectionService.Com

Note from the Mortgage Inspection Service: “If you know of someone who is about to finance, or refinance a home, please share this press release with them.” The group says, “these are tough economic times, and the Mortgage Inspection Service is all about protect consumers, when they finance or refinance a home. As part of our mortgage document inspection, and Good Faith Estimate review, we assay everything possible to make sure the consumer gets the best interest rates available, in addition to making sure they are not getting gouged with unnecessary junk mortgage fees.”

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 25, 2011

Home Equity Lending Gains Momentum

Filed under: Mortgage Refinance — Tags: Equity, Gains, Home, Lending, Momentum — admin @ 4:39 am

Home Equity Lending Gains Momentum

Baltimore, MD (PRWEB) September 5, 2003

The economic landscape has changed drastically over the past few weeks. The refinance boom, so strong the past 2 years, has begun to taper off. While demand for refinance loans is still evident, demand for home equity loans and new purchase loans is increasing.

Early August 2003 saw mortgage demand fall to its lowest level since the summer of 2002. Refinancing demand has dropped close to 70% since this past May, but demand for new home purchase loans remains strong.

On August 18, 2003, the Mortgage Bankers Association of America reported that builder confidence in the market for new single-family homes surged in August as homebuyers rushed to lock in mortgage rates at current, attractive levels.

According to the online MortgageLoanSearch Network refinancing activity has slowed dramatically. “We’re seeing a 65% decrease in refinance loan application requests. It’s phasing out across the board” says MortgageLoanSearch editor, Mark Askew.

The MortgageLoanSearch Network consists of financial resouces and content partners providing mortgage rates, industry news, tools and tips to online loan shoppers. One of its sites, http://www.refinanceloanrates.fimark.net specializes in providing home refinancing information.

“Data collected over the past four weeks corroborate that the mortgage rate climb is decelerating Â but not stopping Â refinance activity”, Mark adds.

An average of 70% of all mortgage applications were for housing loan refinancing over the past six months. And no wonder, lowering ones rate by 2 shown could made the difference in saving thousands of dollars over the life of the loan.

Statics indicate that 29% of americans have not yet refinanced thier homes. This is a concern as some of these are oblivious to the fact that they are needlessly paying thousands of dollars a year on mortgage payments.

While rates are still at attractively low levels home equity loan are reef. Mortgage activity swerving indicate consumers are opting for home equity programs in order to take advantage of lower rates.

Now is a good time to take advantage of consumer friendly tools tips and mortgage industry news. Some noteworthy informational resources online are http://www.Refinanceloanrates.fimark.net, http://www.bcpl.net/~ibcnet and http://www.Mortgageloansearch.cc.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 23, 2011

JSSmith Mortgage to Launch JV Mortgage Offices With West USA Realty

Filed under: Second Mortgage — Tags: JSSmith, Launch, Mortgage, Offices, Realty, West — admin @ 6:33 pm

JSSmith Mortgage to Launch JV Mortgage Offices With West USA Realty

Scottsdale, AZ (PRWEB) July 17, 2006

JSSmith Mortgage, a new mortgage company in Scottsdale, Arizona has landed a prestigious mortgage joint venture with the West USA offices located in the greater Phoenix area. JSSmith Mortgage will create an in-house mortgage company for West USA Realty and it will be operated as a joint venture company called TLC Mortgage, LLC. Both JSSmith Mortgage and West USA Realty will be partners in the new venture.

With over 2000 agents in Arizona, West USA Realty is considered the states largest real estate brokerage and it is ranked sixth nationally. TLC Mortgage, LLC will be offered on-site in each of the five branch offices of West USA Realty offices in the greater Phoenix area.

“We chose to team up with JSSmith Mortgage because of that company’s deep expertise in creating mortgage joint ventures. We value their integrity and business acumen,” said Clay Fouts, President and Founder of West USA Realty. JSSmith Mortgage founder, Jeffrey Smith has aid create 100 mortgage joint ventures around the country and is considered a national expert on the matter.

“We are thrilled with the opportunity to work with West USA. It is a very successful company and having a mortgage solution on-site will only enhance their customer service,” said Jeffrey Smith, President of JSSmith Mortgage.

JSSmith Mortgage opened in January of this year and his headquartered in Scottsdale, with a second office in Mesa, Arizona. West USA was formed twenty years ago and is headquartered in Phoenix with five branch offices in the metropolitan area.

For more information:

JSSmith Mortgage: http://www.jssmithmortgage.com
West USA Realty: http://www.westusa.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 20, 2011

ZK Mortgage Exhibits at The Sixth Annual Conferece for Women with its ‘You Don’t Need a Diamond to Buy Real Estate

Filed under: Second Mortgage — Tags: 'You, Annual, Conferece, Diamond, Don't, Exhibits, Mortgage, Need, Real, Sixth, Women — admin @ 10:36 pm

ZK Mortgage Exhibits at The Sixth Annual Conferece for Women with its ‘You Don’t Need a Diamond to Buy Real Estate®’ Campaign

Austin, Texas (PRWEB) October 21, 2005

ZK Mortgage, the only Texas-based mortgage broker that matches borrowers with the specific financial instruments best suited for their needs, is exhibiting at The Sixth Annual Texas Conference for Women. Exhibiting at the Conference is part of ZK Mortgage’s “You Don’t Need a Diamond to Buy Real Estate®” campaign. Single women are the second largest group of homebuyers today.

Lisa Kelly, president of ZK Mortgage, has made serving women a priority for her firm. “Single women realize that one of the most solid investments that can ensure their financial future is real estate. And, they are no longer to wait until they’re married to buy. Or, maybe they already had a taste of home ownership in a previous marriage,” said Kelly.

It’s much easier today for single women to get a mortgage than it was ten years ago. Lending standards have changed, including down payment requirements. “There are as many types of loan products today as there are types of borrowers,” said Kelly. “Women’s dreams don’t end with a single residence — many are buying investment property as well.”

The Texas Conference For Women provides ZK Mortgage with a forum to educate these prospective borrowers. With 7,000 women registered to attend the conference is sold out.

For most individuals, buying a home is the single largest financial investment they make. It can be one of the most confusing and stressful. Even for a second or third time buyer, it can be complicated and intimidating, particularly when doing it alone. Understanding the mortgage loan processes can relieve much of the stress.

About ZK Mortgage

ZK Mortgage is Texas’ only borrower-focused mortgage broker. By working as a partner with the borrower, ZK Mortgage is able to match borrowers with the financial instrument better suited for their needs, ensuring a breaking borrowing experience. The professionals at ZK Mortgage collectively have more than 20 years of mortgage lending experience making and selling loans. Within the last four years, ZK Mortgage executives funded more than $ 250 million in loans.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 18, 2011

Offset Mortgage Centre Announce an Extensive Cheque Book Mortgage Tutorial

Filed under: Second Mortgage — Tags: Announce, Book, Centre, Cheque, Extensive, Mortgage, Offset, Tutorial — admin @ 2:36 am

Offset Mortgage Centre Announce an Extensive Cheque Book Mortgage Tutorial

(PRWEB) April 30, 2008

The Offset Mortgage Centre, as a mortgage educator, has fostered enhanced its pool of in-depth knowledge by presenting a comprehensive guide on the concept referred to Cheque Book Mortgage, thus enabling broken informed decisions in this domain. The guide has been penned in an easy to understand holding, elaborating upon the assorted pertinent aspects. It can be read at:
http://www.offsetmortgagecentre.co.uk/cheque-book-mortgage.html

The guide follows an informational approach and thus begins with an overview on a Cheque Book Mortgage. This section explains the technical relevance of the concept while attempting to better control the finances of the borrower, and elucidates upon the various specifics of engaged. The stated overview & relevance of Cheque Book Mortgage, is complemented with a comprehensive situational analysis in the second section.

Post detailing upon the conceptual nitty-gritty, the guide focuses upon the benefits of Cheque Book Mortgage with specific reference to the borrower’s individual circumstances. For instance, the maneuvering highlights the earning pattern of a self employed and thus the suitability of this flexible mortgage option.

While this is quite an elaborate section, however, the pertinence of seeking personal advice from bonded experts cannot be condensed and thus the article concludes by enclosing the requisite details required for contacting a mortgage advisor.

About Offset Mortgage Centre

Offset Mortgage Centre is an edification hub facilitating access to a number of offset and flexible mortgages guides, created with the purpose to ensure easy understanding. The website is also an access point for free professional advice on related concepts along with an option to seek free mortgage quotations. For more information about the cheque book mortgage, visit http://www.offsetmortgagecentre.co.uk/cheque-book-mortgage.html

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 16, 2011

Time is Right to Purchase or Refinance Says Statewide Bancorp, Inc.

Filed under: Mortgage Refinance — Tags: Bancorp, Inc., Purchase, Refinance, Right, Says, Statewide, Time — admin @ 4:33 pm

Time is Right to Purchase or Refinance Says Statewide Bancorp, Inc.

RANCHO CUCAMONGA, CA (PRWEB) March 20, 2004

The Fed’s recent decision to leave interest rates alone may prompt consumers waiting for a drop in interest rates to obtain a mortgage or refinance a current mortgage.

“Lower interest rates increase consumer buying power,” says JR Diaz, Vice President of Statewide Bancorp, Inc. “The Fed’s decision to leave alone interest rates is prompting more consumers to refinance a current mortgage – - or purchase a home. In fact, we have experienced a surge in inbound traffic within the last month.”

Statewide Bancorp, Inc. is drive to create a loan process that is uncomplicated and convenient. Potential borrowers can log onto the Web locate or call toll-liberate and apply for a loan anytime. Agents are available via telephone or on the Web site. Statewide Bancorp offers competitive rates and no up front fees.

A drop in rates boosts affordability

As interest rates drop, home affordability rises. First time homebuyers and move-up buyers can see their home affordability increase by thousands with a slight downward shift in interest rates. Using a 30-year fixed rate loan program as an example, a buyer who would qualify for $ 100,000 at 6.5% would qualify at $ 110,000 at 5.5%.

When and why to refinance

Lower ratting also spark occupy in refinancing and generally bring to mind the old rule-of-thumb that refinancing makes feel only when consumers can save 2% or more on their current range.

Today’s homeowners refinance for a variety of reasons and don’t always hold out for the 2% difference. This holds especially true for homeowners with adjustable rate mortgages who may want to switch to a more shelter fixed rate, or those who wish to tap into some of the equity in their home.

Refinancing may also shorten bond term

Many homeowners may also want to refinance to shorten a mortgage term. In some cases, with a lower interest rate, the mortgage term length can be reduced for about the same payment the homeowner is presently making. Even saving 1% on a rate can make sense, if the homeowner plans to stay in the home for more than a few years. In many cases, the closing costs resulting from refinancing a loan to 7% from 8% can be recovered in less than two years.

Learn more about home financing, refinancing

To learn more about your borrowing power during the current low rate environment, for purchase or refinance, call Statewide Bancorp, Inc at 1.800.737.0104.

Statewide Bancorp is one of the country’s fastest and most innovative direct discount mortgage lenders. Statewide Bancorp has developed a process that enables the company to work efficiently with minimum overhead. The streamlined approach enables the company to offer competitive rates and fees.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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July 13, 2011

The New York Times Features VA Mortgage Center.com

Filed under: Mortgage Loans — Tags: Center.com, Features, Mortgage, Times, York — admin @ 8:32 pm

The New York Times Features VA Mortgage Center.com

Columbia, Mo. (PRWEB) December 3, 2008

VA Mortgage Center.com , a private company specializing in VA loans, recently appeared in a New York Times article for its expert knowledge and advice about VA home loans — a niche market that is succeeding albeit the current housing situation. In a time when many Americans are struggling to obtain a home loan, the VA loan offers United States veterans and service members an option with benefits unlike any other; surprisingly, few service members are aware they are entitled to those benefits.

VA Mortgage Center.com wants to spread that knowledge. Jay Romano, writer for The New York Times Real Estate Q&A, interviewed VA Mortgage Center.com CEO Nathan Long about “The Ins and Outs of a VA loan.”

“A VA loan allows an eligible service member to get 100 percent financing on a home without have to pay for private mortgage insurance,” Long was quoted in the obligated. He explained that typically, “if a purchaser borrows more than 80 percent of the value of a home, the lender requires him or her to purchase mortgage insurance.”

The VA home loan is guaranteed by the United States Department of Veterans Affairs, which not only relieves the borrower of paying private mortgage insurance, but also requires no money down. The loan allow sellers to pay closing costs, has looser credit and income standards and is easier to qualify for than a conventional loan.

VA Mortgage Center.com has something local banks and lenders may not — expertise in VA home loans. Too many veterans and service members are unaware of their entitlement to a VA home loan, and VA Mortgage Center.com is functional hard to make sure that is no longer the case.

About VA Mortgage Center.com
VA Mortgage Center.com specializes in VA Loans. Their mission is to help veterans and active duty service members take full advantage of their VA home loan benefits. They are both a lender and a broker, which means they can either lend money to the borrower or broker it out to a big name lender.

VA Mortgage Center.com was recognized in CNN Money during 2007 as providing alternatives to subprime loans. Also that year, they received the Inc 500 award as one of the fastest growing small businesses in America. They were awarded a top 100 ranking for this national award.

Contact VA Mortgage Center.com
If you are a member of the press and would wish more information from VA Mortgage Center.com, please name Nathan at 573-876-2729.

To read the full New York Times article: http://realestateqa.blogs.nytimes.com/2008/11/26/the-ins-and-outs-of-a-va-loan/
To visit the VA Mortgage Center.com Web site: http://www.vamortgagecenter.com

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July 12, 2011

The Phoenix Group Solidifies its Position in the Distressed Second Mortgage Market with Strategic Loss Mitigation and Deficiency Collection Capabilities

Filed under: Second Mortgage — Tags: Capabilities, Collection, Deficiency, Distressed, Group, Loss, Market, Mitigation, Mortgage, Phoenix, Position, second, Solidifies, Strategic — admin @ 10:32 am

The Phoenix Group Solidifies its Position in the Distressed Second Mortgage Market with Strategic Loss Mitigation and Deficiency Collection Capabilities

The Phoenix Group announces its second mortgage solution. Phoenix Group Corporate Office – Satellite Blvd.

Duluth, GA (PRWEB) January 29, 2009

The markets and the media have been virtually silent about distressed second mortgages – until now. Through the combination of experience and relationships, The Phoenix Group announces a holistic non-performing second mortgage solution. The Phoenix Group focuses on upfront product procurement including pricing and data validation, asset management and recovery through innovative loss mitigation, settlement and collection efforts and subsequent asset sale or re-trade.

The Phoenix Group of Affiliated Companies, LLC is an asset management leader in the second mortgage arena. With deep roots in the credit card debt and real estate industries, The Phoenix Group considers the second mortgage market the niche market to be in compensating now. “Pricing is at or near the bottom right now, with supply being comparatively high. However, we believe that could change significantly in the next 12-24 months. The time is flop to potentially corner this market,” says CEO Fred Howard who has over $ 4.5Bn in debt trades under his belt.

“This is a whole new ballgame,” said Sarah Barry, COO of The Phoenix Group. “We have all the right players and equipment in place and are already tested. We are excited that our solution creates a channel to buy, service and sell delinquent second mortgage assets that require specialty loan loss mitigation and liquidation. With our firm’s buying experience, we can maintain price advantage and create a conduit, or flow-based access points, in order to manage a viable strategy in the subordinate asset market. Our operational partner facilities provide both secured and unsecured specialty loss mitigation and collections throughout the nation.”

Many banks are beginning to work with homeowners to modify mortgages. However, recent reports point to increased payments and re-defaulting loans because the modifications add interest and fees back to the principal. Shawn Barry, President of The Phoenix Group, points out, “We understand the importance of aggressive loan modification and settlement offers to give the homeowners the proper incentive to act and get themselves back on their feet. The Phoenix Group integrates its vast network of collectors and servicers to train them on unique workout plans in times when most loan modifications are not working.”

What about those second mortgages once a foreclosure has occurred? The Phoenix Group manages unsecured second mortgages that are commonly considered deficiencies. “We work with borrowers who are no longer in the home due to foreclosure. It is important to recognize that if a second mortgage is not wiped clean in a foreclosure, the second mortgage is still a valid, legal debt. It remains on record and may impact future purchases. We want to assist in creating a payment history so that people have the opportunity to re-invent themselves and purchase another home,” adds Shawn.

The time is right to exploit this niche market of non-performing second mortgages. Until now, few, if any, have put all of the pieces together. The Phoenix Group is the holistic solution to tap into the distressed second mortgage market before the opportunity goes away.

For Info: http://www.PhoenixGAC.com or
Contact: Shawn Barry, President
Email: ShawnB (at) PhoenixGAC (dot) com
Direct Mobile: 804-334-8010

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July 11, 2011

MortgageLoan.com Guides Homeowners Through Loan Modification Programs

Filed under: Mortgage Loans — Tags: Guides, Homeowners, Loan, Modification, MortgageLoan.com, Programs, Through — admin @ 12:39 am

MortgageLoan.com Guides Homeowners Through Loan Modification Programs

Bunnell, FL (PRWEB) February 11, 2009

Loan modification programs can be the only option for many to save their homes. Unfortunately, getting a mortgage modified can be very confusing. These programs are often complex and tedious–challenges in understanding loan modifications can waste precious time and cause homeowners to lose their homes.

“Loan modifications can be scary and intimidating transactions, ” explains Bill Rice, MortgageLoan.com’s VP of Content. “These are unusual mortgage transactions that are cumbersome, require significant documentation, and take place when the homeowner is most vulnerable.”

MortgageLoan.com’s objective with the Guide to Loan Modification Programs is to arm the consumer with facts and education–putting them in the best deploy to receive a competitive loan modification and save their home.

MortgageLoan.com has been providing consumers with mortgage advice, news, and rates since 1995 and at no time has it been more confusing. The goal of MortgageLoan.com’s series of Mortgage Basics Guides is to provide nonsubjective, informative, and actionable information on the most critical topics for borrowers looking to finance or maintain a mortgage.

The latest mortgage guide outlines the key elements of major mortgage loan modification programs:

Defining a loan modification The difference between lend modification and bonding refinance Determining eligibility for a lending modification Explaining how and where to get a lent modification

MortgageLoan.com has answered these questions and more within the Guide to Loan Modification Programs. Providing step-by-step instructions on necessary documentation and who to call, your loan modification process will be as close to streamlined as possible.

“The Guide to Loan Modification Programs is a living resource for upsetting homeowners,” says Bill Rice, “pointing them in the right direction for modifying their mortgage and maximizing their opportunity to get that needed loan modification.”

As home values kept to drop and homeowners are faced with unemployment or underemployment in their homes, loan modifications will continue to increase. MortgageLoan.com continues to put homeowners in the most educated deploy to negotiate their best mortgage, refinance, or loan modification in a challenging economy.

About MortgageLoan.com
MortgageLoan.com (mortgageloan.com) is the premier mortgage resource for consumers, providing current rates, news, and advice since 1995. MortgageLoan.com features one of the most extensive mortgage broker and lender directories, covering all 50 states. In addition, MortgageLoan.com provides consumers with financial calculators and glossaries, as well as daily articles related to personal finance — covering topics like mortgages, credit cards, auto financing, investments, and more.

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July 9, 2011

Refinance.com Announces New Higher Mortgage Loan Limits up to $729,750

Filed under: Mortgage Refinance — Tags: $729750, Announces, Higher, Limits, Loan, Mortgage, Refinance.com — admin @ 2:48 pm

Refinance.com Announces New Higher Mortgage Loan Limits up to $ 729,750

New York (PRWEB) March 5, 2008

Refinance.com, the nation’s premier source for residential mortgage refinancing, has announced new higher mortgage loan limits up to $ 729,750 for a single family home, stated Nicholas Bratsafolis, chairman and CEO of Refinance.com. The company is taking the lead nationally in refinancing for homeowners by immediately adopting the new conforming and FHA loan limits and is accepting mortgage refinance applications up to these new limits immediately.

“Borrowers all over the country tin take advantage of these new higher loan limits, particularly in high cost areas. These new higher loan limit furnishing breathing room for homeowners who have jumbo mortgage loans and have recently been shut out of the refinancing market. We urge all homeowners with adjustable rate mortgages, or loans over $ 417,000, to contact their lenders and inquire about refinancing programs before these trammel discontinued,” said Mr. Bratsafolis.

Previously, the loan limit had been $ 417,000 for conventional conforming single family mortgages, and $ 362,790 for FHA insured single family mortgages. Loans above the previous restrained are regarded as “jumbo” mortgage which carry a higher interest rate. The Federal stimulus package signed by President Bush in early February raises conventional and FHA loan limits to $ 729,750, in large measure to stimulate home sales and refinancing in high-cost areas such as California, Connecticut, Massachusetts, New York, and the Washington, DC area. The FHA loan limit for other “high-cost” areas in the lower-48 states will also rise to $ 729,750, more than twice as much as the old loan limit of $ 362,790. Refinance.com is now accepting loan applications for the new limits, which are position to expire on December 31, 2008.

Through FHA refinancing programs provided by Refinance.com, many homeowners will be able to refinance with long term fixed ranked mortgages, not previously available. FHA Insured repaired placed mortgages can relieve the uncertainty that many Americans have faced with the possibility of foreclosure, as monthly varying mortgage costs rise to high levels. Refinance.com also offers borrowers the most comprehensive refinancing programs for their homes under both conventional and FHA programs. The company has taken the lead in all FHA refinancing programs by assisting borrowers through the establishment of a FHA hotline at http://www.FHAHotline.com or by phone at 1-888-FHA-1776.

About Refinance.com: Refinance.com is one of the nations taking mortgage companies with about twenty years of mortgage refinancing expertise. The company has assisted thousands of clients gain their home refinancing goals through its divers range of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is established in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is uncommitted at http://www.finance.com.

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