Mortgage | refinancing

WASHINGTON – President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners.Obama, in his radio and Internet address Saturday, urged the public to “get on the phone, send an email, tweet,” and visit with their lawmakers about his housing proposal to lower lending rates for    .. more …

SANTA MONICA, Calif.–(BUSINESS WIRE)– Anworth Mortgage Asset Corporation (NYSE: ANH – News ), a real estate investment trust (REIT), announced today tax information regarding its dividend distributions for the fiscal year ended December 31, 2011. Stockholders should check the tax statements they receive from brokerage firms to ensure that the Anworth dividend information reported in those    .. more …

A bad credit home mortgage refinance is an opportunity for those with bad credit to get all of the benefits of a standard home refinance loan. Many people who have bad credit never even think about trying to refinance in order to lower their payments or take equity out of their homes. However, a bad credit home mortgage refinance is a way to get all of those benefits if you have less than stellar    .. more …

Dear Dr. Don, My wife and I have a mortgage balance of about $60,000. Our principal and interest expense is about $1,000 per month. We’re about eight years into a 15-year mortgage. I was told that if we made a lump-sum additional principal payment of either $10,000 or $20,000, we would pay off our mortgage earlier and our monthly interest payment would go down quite a bit. At the same time, our    .. more …

Buying a house can be an overwhelming experience, the idea of dealing with mortgage rates can be intimidating, especially as most simply do not have the means to make the purchase outright. How do you make sense of it all?It always helps to know what the terminology means, if only so you know what you are getting into. A mortgage is a temporary and conditional agreement that stipulates the use of    .. more …

As per the stimulus mortgage refinance package, Americans are expected to benefit by more and better paying jobs, since the main objective focuses upon improving the economic conditions by creating many jobs, and reviving the spending potential of the average American. The package is also drafted to affect the mortgage industry. Amongst the major issues faced by many Americans today, the two    .. more …

Feb. 2 (Bloomberg) — Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. approved a mortgage and then scuttled three closings over two months with last-minute document requests. “It was crazy,” said the 54-year-old Army veteran whose travails ended Jan. 10 after he switched to a local mortgage broker who got the loan backed by the    .. more …

Life insurance professionals and financial advisors recommend reviewing your insurance policy at least once every year with good reason. The amount of coverage you need changes constantly, and the two events in a family that herald the most amount of change are marriage and divorce . These two events are significant in their occurrence. It’s understandable if you’re not thinking about life    .. more …

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 extra $200 payment monthly toward the principal. Our goal is to pay off the loan in less than 10    .. more …

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you’d like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. Before we sold our home, we were on track to pay off our 15-year, fixed-rate mortgage in under 10 years. While I never got the opportunity to see my goal through to fruition, I have no doubt that    .. more …