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The Race is On to Refinance.(Brief article)
- Article from:
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Kiplinger's Personal Finance Magazine
- Article date:
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April 1, 2008
- Author:
- Esswein, Patricia Mertz
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: PATRICIA MERTZ ESSWEIN
RATES WELL UNDER 6% FOR a 30-year fixed mortgage have many homeowners racing to their lenders--none faster than homeowners whose adjustable rates reset soon. The Mortgage Bankers Association reported in mid January that refinance applications were up 92% since the beginning of November.
The better your credit score and the more equity you have in your home, the better the deal you will get. Most lenders won't make loans equal to more than 90% to 95% of the home's value except to borrowers with the very best credit scores--say, 720 or above.
Adjustable-rate mortgage borrowers are also getting some relief. Last summer, borrowers with ...
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Corpses found in Soviet-era jail ; World News IN BRIEF
The Independent - London;
July 6, 2007 ;
57 words
......the outskirts of the capital, dates from the Soviet occupation of the 1980s. Many of the bodies were blindfolded with their arms tied. The find was revealed by a 70-year-old Afghan who worked for the Russians and recently returned to the country.
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Finance a '50s Revival.(Ahead)(tax abatement on home remodeling)(Brief...
Kiplinger's Personal Finance Magazine;
February 1, 2007 ;
Esswin, Patricia Mertz;
119 words
...Byline: PATRICIA MERTZ ESSWEIN If you're looking to buy or restore a middle-aged home in a close-in suburb, learn whether...guidance, such as the First Suburbs Coalition Idea Book ($10; www.marc.org/firstsuburbs). --PATRICIA MERTZ ESSWEIN
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Condos for a Crowd.(Ahead)(condominiums )(Brief article)
Kiplinger's Personal Finance Magazine;
April 1, 2007 ;
Esswein, Patricia Mertz;
232 words
...Byline: PATRICIA MERTZ ESSWEIN In san francisco, where condominiums cost an average of $600,000 and ordinary townhouses...borrowing rates ease, but the movement could go nationwide--or at least to other expensive cities. --PATRICIA MERTZ ESSWEIN
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Mold-Free Nation.(Ahead)(Brief article)
Kiplinger's Personal Finance Magazine;
April 1, 2006 ;
Esswein, Patricia Mertz;
220 words
...Byline: PATRICIA MERTZ ESSWEIN Hurricane Katrina elevated the lowly mold spore to a prime pestilence. But you need...named Michael, now lives in. In Texas, mold is a real nasty word, the elder Speciale says. --PATRICIA MERTZ ESSWEIN
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TV Watt Reduction.(Ahead)(energy efficiency standards for...
Kiplinger's Personal Finance Magazine;
October 1, 2007 ;
Esswein, Patricia Mertz;
119 words
...Byline: PATRICIA MERTZ ESSWEIN The two biggest energy-eaters among your collection of consumer electronics will soon...product guides and links to recycling programs--an important way to make your devices greener. --PATRICIA MERTZ ESSWEIN
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Calling All Shoppers.(Ahead)(online shopping )(Brief article)
Kiplinger's Personal Finance Magazine;
December 1, 2007 ;
Esswein, Patricia Mertz;
117 words
...Byline: PATRICIA MERTZ ESSWEIN Love the convenience of online shopping and the immediacy of your cell phone? Mobile...capability. Merchants, in turn, will reach out with ads. You'll have to opt in to receive them. --PATRICIA MERTZ ESSWEIN
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Mortgage Bank of Mom & Dad.(Ahead)(Brief article)
Kiplinger's Personal Finance Magazine;
September 1, 2007 ;
Esswein, Patricia Mertz;
202 words
...Byline: PATRICIA MERTZ ESSWEIN Should we help out with the down payment on our son's first home? In formerly hot markets...deposit slip, or if your son deposited the money earlier, a few months of account statements. --PATRICIA MERTZ ESSWEIN
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1040 Boo-Boo.(Ahead)(tax deduction)(Brief article)
Kiplinger's Personal Finance Magazine;
May 1, 2007 ;
Esswein, Patricia Mertz;
194 words
...Byline: PATRICIA MERTZ ESSWEIN What you've probably heard is that Congress wants to close the tax gap--the perpetual...you can file an amended return (Form 1040X) for the year in question to claim the deduction. --PATRICIA MERTZ ESSWEIN
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Racing to Refinance
The Washington Post;
April 13, 2008 ;
Pat Mertz Esswein;
189 words
......borrowers with ARMs could have expected their rates to reset to 7 or 7.25 percent; ARMs tied to one-year Treasury notes now reset at 5.25 percent. ARMs tied to the London interbank offered rate reset at 5.6 percent. If you have a jumbo loan...
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A Sigh of Relief.(motgage-payment adjustment)(Brief article)
Kiplinger's Personal Finance Magazine;
January 1, 2008 ;
Esswein, Patricia Mertz;
284 words
...Byline: PATRICIA MERTZ ESSWEIN Two million homeowners face mortgage-payment shock by the end of 2008 as their interest...statements. You may also have to prove that you've lost enough equity to preclude refinancing. PATRICIA MERTZ ESSWEIN
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How are things at home base?(Christopher Cuevas)
Kiplinger's Personal Finance Magazine;
December 1, 2006 ;
Esswein, Patricia Mertz;
344 words
...Byline: PATRICIA MERTZ ESSWEIN Fitness pro and personal trainer Christopher Cuevas, 31...that forces you to ignore other, more lucrative investments. --PATRICIA MERTZ ESSWEIN SAVE FOR A DOWN PAYMENT. During the real estate boom...
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Great Places to Retire.(Your Money)
Kiplinger's Personal Finance Magazine;
March 1, 2005 ;
787 words
...Byline: Patricia Mertz Esswein, Mary Beth Franklin and Magali Rheault COVER | Where to live for the rest of your life.By Patricia Mertz Esswein, Mary Beth Franklin and Magali Rheault For most of our lives, where we live is firmly tied to where...
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Daley Hits Search Limits // Says ACLU, CHA Accord Blocks Hunt For Weapons
Chicago Sun-Times;
October 24, 1992 ;
Tom Seibel;
427 words
......weapons during public housing sweeps has left police with "their arms tied behind their backs." The mayor's comments came during his first...Daley said. "That's why the police and the CHA have their arms tied behind their backs when it comes to certain things they have...
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The Buffalo News, N.Y., Strategies for Success column.
Buffalo News (Buffalo, NY);
January 10, 2005 ;
787 words
......Navy's nuclear submarines. Wayne and Patricia Mertz already owned sheet-metal fabricator...Based in Buffalo and majority owned by Patricia Mertz, it qualifies as a small, woman-owned...package it for us, chief executive Patricia Mertz said. Bechtel began work on the Hanford...
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Break Your ARM?(Your Money)(Adjustable Rate Mortgage )(Column)
Kiplinger's Personal Finance Magazine;
June 1, 2005 ;
Esswein, Patricia Mertz;
581 words
...Byline: Patricia Mertz Esswein HOME | Don't let the fear of rising rates scare you into a costly decision. By Patricia Mertz Esswein Seven times in the past year, the Federal Reserve Board has hiked short-term rates. And seven times, homeowners...
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