Mortgage Points and Fees, They Are a Changing

If you’ve ever applied for a mortgage, you know just how convoluted the whole process can be. Just trying to read a HUD-1 statement is enough to send you over the edge. And then there are origination fees and discount points. Discount points are fees charged that generally result in a lower interest rate on […]

Published or Updated: May 22, 2012

Should You Pay for a Biweekly Mortgage Payment Plan?

Recently we refinanced our mortgage. With a rate of 3.875% fixed for 30 years, it was just too good to pass up. About a week after the refi closed, we got a letter from our bank offering what it called the EMPP–Early Mortgage Pay-Off Plan. The letter promised that we could lower our interest rate […]

Published or Updated: March 30, 2012

Which FICO Scores Do Mortgage Lenders Use?

As I’ve mentioned before, I’ve been on a refinancing binge. My wife and I have refinanced our home twice in the last 12 months, and my business partner and I are doing the same with three rental properties. With mortgage rates at an all time low, these deals were just too good to pass up. […]

Published or Updated: July 27, 2016

Your Mortgage Statements May Be Changing

Our mortgage statements might soon be changing because of a recent proposal by the Consumer Financial Protection Bureau. The mission of CFPB is to ensure consumers receive the appropriate information so they can fully understand their agreements with financial companies. In an effort to fulfill their mission, the CFPB is proposing that our mortgage statements […]

Published or Updated: March 5, 2012

Where and How to Refinance an ARM into a Fixed Rate Mortgage

Welcome to our week-long series on refinancing your mortgage. In this last of five articles, we look at when and how you should refinance from an adjustable rate mortgage into a fixed rate loan. Adjustable rate mortgages are a two-edged sword. You get an initial mortgage rate lower than what you’d find on a fixed […]

Published or Updated: February 16, 2012

7 Obstacles to Refinancing Your Mortgage (And How to Overcome Them)

Welcome to our week-long series on refinancing your mortgage. In this fourth of five articles, we look at some obstacles to refinancing and how to overcome them. With current mortgage rates at historic lows, refinancing your home loan can be a really easy way to save a bundle of money. Unfortunately, there are a number […]

Published or Updated: February 16, 2012

FHA Streamline Refinance

Welcome to our week-long series on refinancing your mortgage. In this third of five articles, we look at the FHA Streamline Refinance program. Yesterday we looked at the Home Affordable Refinance Program. Called HARP, this program helps homeowners who have an underwater mortgage lower their interest rates. But it only applies if your mortgage is […]

Published or Updated: February 16, 2012

Home Affordable Refinance Program (HARP) Revamped

Welcome to our week-long series on refinancing your mortgage. In this second of five articles, we look at the Home Affordable Refinance Program, better known as HARP. As the real estate market hit bottom, it created a significant hurdle to refinancing–home values. Many homeowners owe more to the bank than the value of their home. […]

Published or Updated: April 13, 2016

When to Refinance Your Mortgage

Welcome to our week-long series on refinancing your mortgage. In this first of five articles, we look at when you should refinance. As I mentioned yesterday, my wife and I just closed on the refinancing our mortgage. We purchased our current home in 2004 and obtained a 30-year fixed rate mortgage at 5.625%. We are […]

Published or Updated: April 13, 2016

Advertising Disclosure: The credit card and savings account offers that appear on this site are from companies from which Doughroller.net receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Doughroller.net does not include all credit card companies, banks, or all available offers, although best efforts are made to include a comprehensive list of offers regardless of compensation.

X CLOSE