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It's not a boom, at least not officially. But the rush to refinance is definitely on. "This month may make our year," says Tom Ward, president of Majestic Mortgage Corp. Normally, January is a slow month for the Mundelein, Ill., lender because of the harsh Chicago weather....


Refinancing homeowners who want to cash in on record mortgage interest rates had better get prepared to beat the rush. When interest rates shrink, mortgage activity balloons, the paper-intensive loan underwriting process bogs down and the best prepared borrowers go to the...


With 30-year mortgages' fixed interest rates teasing this generation's record 6.74 percent rate, brace yourself for a rush to refinance mortgages. Refinancing activity accounted for 52.1 percent of total mortgage applications last week, a big surge up from 45.5 percent the...


Buying a home is probably the single largest investment most people make in a lifetime. By preparing yourself and your credit before a home purchase or refinance, you can ensure a smooth finance process and can potentially save thousands on your loan. Improve your financial...


A few years ago, a loan officer who worked for me was having a problem helping a customer. He was new to the business and had very little patience for problems (as you might have already guessed, he didn’t last very long). He told me the customer was a doctor, who had left a...


When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs....



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