Mortgage Refinancing Advice Links

Free foreclosure help Feb. 18

The state’s Mortgage Relief Project will offer free foreclosure-prevention help during a workshop from 9 a.m. to 1 p.m. Feb. 18 at the Orland Park Civic Center, 14750 S. Ravinia Ave.The event will offer advice on mortgage refinancing, foreclosure prevention, credit counseling and avoiding scams. Homeowners can also obtain one-on-one counseling sessions with housing counselors.For information ...

Mortgage Q&A: Running the numbers on refinancing

Q. I'd like your sage advice on whether you think I should consider refinancing. My current loan balance is $250,000 with a fixed interest rate of 5.50 percent on a 20-year term. Our monthly principal-and-interest payment is $2,710. Our property is worth at least $600,000. I have been making an ...

Mass refinancing: The ‘biggest thing’ Obama can do without Congress

From 2001 to 2003, Glenn Hubbard served as President George W. Bush’s chief economist. Today, he’s dean of Columbia University’s School of Business and one of Mitt Romney’s top economic advisers. But right now, the candidate who could most benefit from his advice is President Obama. Hubbard is an advocate for using Fannie Mae and Freddie Mac to set off a nationwide wave of mortgage refinancing ...

First Person: The New Refinancing Plan Will Save My Home

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Risks when refinancing your home

If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. However, if you bought your home when rates were higher, or perhaps you have an adjustable rate loan and would like to refinance, be cautious.