A recent survey conducted by the Professional Risk Managers Association and FICO respondents, showed that during the first quarter of 2013, 45.2 percent of respondents believed that mortgage delinquency rates would remain constant over the next six months and 38.5 percent saw further rate declines, as compared to the fourth quarter of 2012, when 31.3 […]
Next-Day Cash-Out Refinancing Available At Affordable Financial Services LTD, we can cash-out refinance a day after a purchase, as long as we can show that improvements were made or the home was purchased below market value. This is great for someone who purchased a steal, or for investors who want to pull some of their […]
The Washington Post reported today that Fannie Mae will charge people more to get a home loan — even for those with perfect credit and can afford to put down a large down payment. The cost for a home loan may be even higher for those with less-than-perfect credit who do not have that much […]
Remember the old commercials urging people to turn their home equity into cash for new cars, vacations and other luxuries? Well, people are still cashing out, but for a different reason: to decrease the size of their home loan. MarketWatch reported today that “cash-in refinancing” is the new trend in which borrowers tap their home […]
Do you know your credit score? It’s important that you do if you intend to apply for a home mortgage. If you want a lower interest rate, then it’s time to improve your credit score. In the 1960s, Fair Isaac and Company started working on a system that lenders could use to evaluate the likelihood […]