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June 7, 2011

Refinance.com Cuts Mortgage Rates by 0.25% Following Federal Reserve Action

Filed under: Mortgage Refinance — Tags: 0.25%, Action, Cuts, Federal, Following, Mortgage, Rates, Refinance.com, Reserve — admin @ 12:47 am

Refinance.com Cuts Mortgage Rates by .25% Following Federal Reserve Action

New York (PRWEB) January 23, 2008

Refinance.com, the nation’s premier source for home mortgage refinancing, announced a .25 percent reduction to mortgage rates effective immediately in response to the emergency rate cut by the Federal Reserve.

“Refinance.com has forthwith trimmed our mortgage rates by .25 percent in response to the rate cut by the Federal Reserve. We now show 30 year fixed rates as low as 5.5% with zero points. Lower mortgage rates will help homeowners with adjustable rate mortgages and those who are facing rising monthly payments to refinance into a better loan. Homeowners should immediately contact lenders with expertise in mortgage refinancing and explore various alternatives such as FHA insured loans,” said Nicholas Bratsafolis, chairman and CEO of Refinance.com.

Homeowners can take immediate advantage of the rate cut, reduce their monthly payments, and enter into the payment certainty of a fixed rate mortgage, possibly with a FHA loan. Refinance.com offers dozens of programs tailored to each borrower’s unique situation with its broad expertise and nearly twenty years in home mortgage refinancing.

FHA provides mortgage insurance on loans made by FHA-approved lenders and Refinance.com has created an online resource for borrowers seeking to refinance their homes with a FHA refinance loan. Information, rates and mortgage calculators are available at http://www.refinance.com or by calling 1-800-734-REFI.

The target overnight lending rate was cut for the first time between Federal Reserve meetings since, September 2001. The cut of 75 basis points on the overnight lending rate reduces that rate to 3.50 percent. The rate cut was expected next week, however, the FOMC has tied this rate cut now to the growing financial crisis around the world.

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

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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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April 21, 2011

Fed Lowers Rates Again and Refinance.com Hotline Helps Homeowners Understand Options

Filed under: Mortgage Refinance — Tags: Again, Helps, Homeowners, Hotline, Lowers, Options, Rates, Refinance.com, Understand — admin @ 7:07 am

Fed Lowers Rates Again and Refinance.com Hotline Helps Homeowners Understand Options

New York (PRWEB) March 19, 2008

Refinance.com, the nation’s premier source for home mortgage refinancing, announces its national FHA Mortgage Hotline to help consumers understand the impact of today’s Federal Reserve action on interest rates and other recent government actions related to mortgages and interest rates. Homeowners nationwide can call 1-888-FHA-1776 to get answers to their mortgage questions.

“Homeowners are increasingly confused by Recent economic news about mortgage interest rates, loan limits, and availability of credit. While 30 year fixed mortgage rates are in the 5.875% range, many homeowners are finding it hard to get a bonded,” said Nicholas Bratsafolis, Chairman and CEO of Refinance.com.

“Homeowners who need to refinance from adjustable to fixed rate mortgages need straight answers to their questions, and our national FHA Mortgage Hotline can help. Many homeowners now have options available to them that were not available just a few months ago, while others will see a tightening of guidelines. We encourage homeowners to get the facts, and immediately contact lenders who specialize in mortgage refinancing to explore their refinancing alternatives,” he added.

Refinance.com is immediately accepting mortgage refinance applications up to the new conforming and FHA mortgage loan limits of up to $ 729,750. To help homeowners understand their options, Refinance.com has established a national FHA Hotline at 1-888-FHA-1776. Homeowners can also explore their options by logging onto http://www.refinance.com, where they can read about mortgage options, use mortgage calculators, and check current mortgage rates.

With the latest government initiatives and mortgage banking company programs, such as those offered by Refinance.com, homeowners can take immediate advantage of the lower rates and new higher loan limits up to $ 729,750 for a single family home. Refinance.com offers dozens of programs tailored to each borrower’s unique situation with its broad expertise and nearly twenty years in home mortgage refinancing. Homeowners should view this time as an ideal opportunity to refinance their home mortgage at a historically low fixed rate.

Only FHA-approved lenders such as Refinance.com can offer FHA backed loans which provides mortgage insurance on those loans.

About Refinance.com: Refinance.com is one of the nations leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted thousands of clients reach their home refinancing goals through its diverse range of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is available at http://www.refinance.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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April 11, 2011

RateTake.com Offers Tips for Reducing Mortgage Refinance Rates

Filed under: Mortgage Refinance — Tags: Mortgage, Offers, Rates, RateTake.com, Reducing, Refinance, Tips — admin @ 9:04 am

RateTake.com Offers Tips for Reducing Mortgage Refinance Rates

Carlsbad, CA (PRWEB) June 25, 2007

Refinancing your existing mortgages has many advantages like lowering the monthly payments or interest rates paid. The latter is in fact one of the most important reasons for opting for refinance. Thus a vital point to be considered while taking a mortgage refinance is mortgage refinance rates.

Mortgage refinance rates depend upon various market factors as well as your personal factors as a borrower. But mortgage refinance rates mainly depend upon the interest accrued on the refinance loan. The mortgage refinance rate is expressed as the Annual Percentage Rate (APR). APR is the total amount of money repayable by the borrower to the lender on a loan, per annum.

It will also depend on the kind of mortgage refinance loan you would choose. The different kind of mortgage refinance options available can be broadly classified on the basis of:

-Fixed mortgage financed rate: Various bushel rate refinance contained 30 year fixed mortgage financed, 20 year fixed mortgage financed, 15 year fixed mortgage and 10 year mortgage refinance, etc.

-Adjustable mortgage refinance rate: This category includes 1 year ARM (Adjustable Rate Mortgage), 3/1 ARM refinance, 3/1 occupy only ARM refinance, 5/1 ARM refinance, 5/1 ARM interest only refinance, etc.

Few ways by which you tin reduce your bond refinance rat are: -Keep a check on your credit score: Your credit history will have a great squeeze on the mortgage refinance ordered you will be offered. Making payments late or missing payments will decrease your credit score. Also, take care to see that you don’t use your credit cards and line of credit loans to the maximum credit trammelling available to you. Doing so will again decrease your credit score. Having a bad attribute score will not stop you from availing a mortgage finance. But the mortgage refinance rate offered to you will be 2% to 6% higher than usual. So try to improve your credit score to get lower mortgage finance rates.

-Think about paying points: This is one more alternative to lower mortgage refinance rates. One point is equal to one percent of the mortgage amount. For instance, a mortgage loan of $ 10,000 with 3 points will incur additional $ 3000 as charges. Higher the points charged to the mortgage, lower will be your mortgage refinance rate. Points can either be paid upfront or financed by the amount from the loan.

-Do your research: As in all other sectors, there is intense competition in the contribute sector too. It might do sense to obtain mortgage refinance from your current lender, but they might not necessarily hook you the best mortgage refinance rates. Thus it is wise to compare rates offered by assorted lenders. And with World Wide Web at your finger tips this should not be a tedious task. Applying online will help you get multiple offers from various lenders. Compare the mortgage refinance rates as well as the services of the lender and then choose the best offer accommodate your needs.

To get the scoop mortgage refinance plow don’t compare only bonding refinance rates but also consider closing costs and redemption penalties.

Martin Lukac represents, http://www.RateTake.com

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November 2, 2010

Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action

Filed under: Mortgage Refinance — Tags: 2004, Action, After, Cites, Latest, Lowest, March, Mortgage, Rates, Refinance.com, Since — admin @ 12:27 pm

New York, NY (PRWEB) January 31, 2008

Refinance.com, the nation’s premier source for home mortgage refinancing, is plaining operated on mortgage rates at their lowest levels since March 2004. As a result of today’s actions by the Federal Reserve to lower interest rates and rising last week’s emergency rate kill, Refinance.com sees a large opportunity for homeowners to utilize advantage of these flat-growing mortgage rates.

“The new Federal Reserve rate cuts are boosting to the lowest 30 year defined mortgage rates since March of 2004, and Refinance.com is quetching 30 year fixed rates as contralto as 5.5 percent with zero points,” verbalized Nicholas Bratsafolis, chairman and CEO of Refinance.com. “The mortgage market is running ever building signs of yielding to liquidity for many homeowners who necessitate to finance from changeful to fixed rate mortgages. We push homeowners to immediately contact lenders with expertise in mortgage refinancing and research varied alternatives much as FHA fixed rate made loans,” he contributed

Homeowners can swing fast advantage of the past deficient mortgage rate, reduce their monthly payments, and enroll into the payment certainty of a tacked rate mortgage, possibly with a FHA loan. Refinance.com offers dozens of programs tailor-maked to each borrower’s incomparable situation with its general expertise and nearly twenty years in home mortgage refinancing. Homeowners should view this time as an abstract opportunity to finance their home mortgage at a historically low fixed rate

Only FHA-approved lenders can request FHA plunked for loans which provides mortgage insurance on those loans. Refinance.com has composed an online resource for borrowers angling to finance their homes with a FHA protected finance loan. Information, rates and mortgage calculators are free at www.refinance.com or by ordering 1-800-734-REFI.

“Last week the Federal Reserve reduced the target overnight lending rate to 3.5 percent. Today’s sabre brings that rate down to 3.0 percent and we conceive this cut and rambled further action will hash out to a stabilization of the home mortgage industry, which has been injected so dramatically over the past several months,” summarized Mr. Bratsafolis

About Refinance.com: Refinance.com is one of the nations promoting mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has wrought thousands of clients compass their home refinancing goals through its different range of mortgage and refinancing options, and specializes in FHA mortgage changing. Founded in 1989, Refinance.com is sent in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is ready at www.finance.com.

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