Taking steps toward refinancing a rental property
I have a rental property that I bought five years ago for $170,000 but now is valued at $120,000. I have a mortgage at 6.75 percent with about $45,000 in equity on the property. I am not in financial difficulty, but I would like to take advantage of low interest rates. Is it possible to refinance my rental home? If so, any tips would be appreciated.
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Mortgage rates again at new low; average for 30-year fixed loan at 4.54 percent
Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making home-buying and refinancing -- for those who can get loans -- the most attractive it has been in decades. Mortgage - Business - United States - Financial Services - Loan
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The changes on FHA loans and how they will affect borrowers and sellers
Seller concessions What are they? Contributions that sellers kick in to help defray a buyer's costs. They can include closing costs, inspections, appraisals and free upgrades. What's changing? The FHA proposes slashing allowable seller concessions in half, capping them at 3 percent of the home pr... Federal Housing Administration - Business - United States - Mortgage - Financial Services
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The changes on FHA loans and how they will affect borrowers and sellers
Upfront insurance premium What is it? A fee the Federal Housing Administration collects from borrowers that can be paid in cash at the closing table or rolled into the loan. Federal Housing Administration - United States - Business - Mortgage - Financial Services
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Mortgage rates hit low of 4.54 percent
NEW YORK -- Mortgage rates are the most affordable in decades for those who can qualify for a loan. Mortgage - Business - United States - Financial Services - Refinancing
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