Mortgage | refinancing

TORONTO, ONTARIO–(Marketwire -05/10/12)- As part of BMO Financial Group’s ongoing commitment to financial literacy and ‘Making Money Make Sense’ for Canadians, BMO is releasing a financial tip every week in 2012.BMO’s Financial Tip of the Week: Review All of Your Mortgage Refinancing OptionsChoosing the right mortgage to fit your specific needs and situation is a critical part of homeownership.    .. more …

NEW YORK (Reuters) – Applications for home mortgages rose last week, with purchase demand improving for the third week in a row as loan rates fell to new lows, an industry group said on Wednesday.The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, gained 1.7 percent in the week ended May    .. more …

In March, Mark Morrison says he was offered a 4.63% rate by his mortgage company, Ally Financial Inc., when he asked about refinancing. That would have resulted in monthly savings of just $87, before figuring in $1,500 in upfront fees. Rates that week were being quoted at 4.13% in the local newspaper, and the Waukesha, Wis., resident says he “got the runaround” when he asked why his mortgage    .. more …

NEW YORK (AP) ” Wells Fargo has championed itself as a plain-vanilla lender in a sea of risky investment banking . But lately, the West Coast bank has been trying to look more like its Wall Street counterparts. That has raised the eyebrows of credit ratings agency Moody’s.Last month, Wells announced that it would buy Merlin Securities , a prime brokerage and technology provider based in San    .. more …

Toronto and GTA areas in the last 5 years have seen a frenzy of buying activity. Home prices increased rapidly, allowing more and more equity to build up. Mortgage refinancing is one of the best options to make use of existing equity and pay off debts such as higher interest mortgages, credit cards and personal loans. By lowering monthly mortgage payments and reducing payments on unsecured debts    .. more …

DUBLIN–(BUSINESS WIRE)– Dublin – Research and Markets ( ) has announced the addition of the “Understanding the Qualified Mortgage Proposal” report to their offering. Tough new standards for mortgages are coming. The Dodd-Frank Act requires that qualified mortgages be defined by at least eight stringent underwriting characteristics. Lenders who do not comply with the new QM standards could be    .. more …

No one wants to get ripped off when it comes to any purchase, and your mortgage loan is no exception. The problem is that very few homeowners understand how mortgage loans work and wind up overpaying thousands of dollars. Here are several “industry secrets” to help you avoid paying too much when refinancing your home mortgage loan.The Mortgage Industry Has a Dirty Little SecretWhen it comes to    .. more …

A mortgage broker in the West with a dodgy past is currently running radio ads that include a lengthy sound bite of President Obama during a speech extolling the virtues of mortgage refinancing. The clip goes on and on. It sounds like Obama himself is endorsing the brokerage. In Seattle, where the ad is airing, Paramount Equity Mortgage Inc. and its smooth-talking co-founder and president, Hayden    .. more …

A team of employees from Foundation Financial Group ‘s Atlanta regional center participated in an event that benefited the Make-A-Wish Foundation . Atlanta, GA (PRWEB) May 02, 2012 “The strength that these children maintain despite the illnesses that they face is remarkable,” said Foundation Financial Group’s Atlanta Division General Manager Raymond J. Drohan. “The Make-A-Wish Foundation provides    .. more …

There are mortgage loans to fit everyone’s needs today. There are FHA loans for the first time homebuyer, VA loans for Veterans and Reverse Mortgages for Senior Citizens. There are also Rural Development Mortgage loans through Farm Credit Systems for individuals living in rural areas.These loans are mostly associated with Farmers and agricultural development but are also available to individuals    .. more …