Best Mortgage Rate Blog

Feb 10, How to Reduce Mortgage Refinancing Costs | Junk Fees and Changed Circumstance

Fri, 10 Feb 2012 23:19:56 GMT

Ask Kate how to reduce mortgage refinancing costs: Audra asked me for help understanding how to reduce mortgage refinancing costs. My answer might surprise you. Follow the link and I'll meet you there.

Also as promised, you'll find out how to avoid getting stuck with hidden junk fees and just as important, something you should be aware of called Changed Circumstance that could increase your mortgage cost after receiving a good faith estimate.
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Feb 10, If HARP 2 Refinance Condo Mortgage Rates and Closing Costs Make You Cranky

Fri, 10 Feb 2012 02:27:20 GMT

Ask Kate if HARP 2 refinance condo mortgage rates and closing costs make you cranky: Reading Rae's letter the first time, she sounded a bit cranky. So I read it once more and understood.

Because when you're hearing "because it's a condominium", or realize you're getting higher mortgage rates and additional closing costs, or don't understand "No you can't" and "If we choose to", well who wouldn't feel (at least a little bit) cranky?

For the rest of Rae's story, go to HARP 2 Refinance Condo Mortgage Rates and Closing Costs. While you're at my website, add a comment if you can relate to Rae's feelings or ask your own question!
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Feb 9, Today's Mortgage Rates and Trends | 30 Year Fixed Rate Shines Brightly

Thu, 09 Feb 2012 22:44:06 GMT

Here is Super Kate with today's mortgage rates and trends for the week ending February 9, 2012: The 30 year fixed rate shines brightly this week, the only one of the 4 mortgage products to do as well as last week's averages. The others rose due to strong employment data.

30 year fixed rate mortgage averaged 3.87 percent, same as last week, and down from 5.05 percent this time last year.

15 year fixed rate mortgage averaged 3.16 percent, up from last week's 3.14, and down from 4.29 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.83 percent, up from last week's 2.80, and down from 3.92 percent this time last year.

1 year adjustable rate home mortgage averaged 2.78 percent, up from 2.76 last week, but down from 3.35 percent this time last year.

Watch here at Super Kate's Best Mortgage Rate Blog for next week's rate report.

Feb 8, Who Can Make Monthly Payments on the Mortgage

Wed, 08 Feb 2012 23:00:50 GMT

An underwriter has to ask, who can make the monthly payments on the mortgage: Her credit history is perfect but she can't find a job. Her husband has a job but a recent foreclosure on his out-of-state rental property has tarnished his credit. If only their mortgage approval could be patched together like a quilt.

Vicky has mortgage questions about qualifying with self-employed income. For the rest of Vicky's story, go to Who Can Make Monthly Payments on the Mortgage.

Here are the buttons for simple sharing on Facebook and Twitter.
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Feb 8, Four HARP 2 Homeowner Questions and Ask Kate Answers

Wed, 08 Feb 2012 00:51:30 GMT

Four HARP 2 homeowner questions and Ask Kate answers: Don't be afraid to ask about refinancing with HARP 2.0. In fact, in the last couple of days, I received several HARP questions from homeowners. Here are four of them.

1 - How can I refinance my underwater mortgage without an appraisal?

2 - Will a few wallops to my credit history raise my HARP 2.0 interest rates?

3. Why are they telling me I have to pay for HARP closing costs and fees?

4. Can I use a deed to be removed from a HARP mortgage?

For the rest of the Making Home Affordable story, go to Four HARP Homeowner Questions.

Share this page with friends using my Facebook and Twitter buttons. Or that old-fashioned method of talking to someone works well too.
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Feb 7, Can the mortgage company lock my interest rate without my permission | Who Can Lock My Mortgage Interest Rate

Tue, 07 Feb 2012 14:14:02 GMT

Who Can Lock My Mortgage Interest Rate: Linda from Seattle, Washington asks, Can the mortgage company lock my interest rate without my permission?

You can feel the storm brewing, right? For the rest of Linda's story, go to But I Never Signed a Mortgage Rate Lock Agreement.

And here are the buttons to share this with your friends on Facebook and Twitter. Thanks, Kate
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Feb 6, Harp Refinance - Should I Use My Current Mortgage Lender

Mon, 06 Feb 2012 17:25:01 GMT

Harp Refinance - Should I use my current mortgage lender: Allison is contacting mortgage companies to refinance with Making Home Affordable's HARP program. But everyone is referring her back to her current lender. So Allison asks me -

1 - Do lenders set their own HARP mortgage rates?

2 - Are 20 year mortgages a better deal compared to 40 year terms since they are both over 50 years old?

Go to Allison's letter at HARP Refinance - Who has Better Mortgage Rates for my answers. And please use these buttons to share with a friend. ***SOCIALIZEIT***

Feb 5, Brick Walls, Mortgage Refinancing, Discrepancy in Home Appraisal Value

Sun, 05 Feb 2012 23:12:21 GMT

What do brick walls, mortgage refinancing, and discrepancy in a home appraisal value have in common? Betty from Waterloo, Iowa understands firsthand! And the combination did more than ruin her day. It rammed her mortgage refinance up against a brick wall. Betty wrote me for help. For the rest of the story go to Discrepancy in Home Appraisal Value.

Feb 4, HARP II Refinance with PMI vs Strategic Default

Sat, 04 Feb 2012 16:08:41 GMT

HARP II refinance with PMI vs strategic default: What would you do if...

1) You had perfect credit, made every mortgage payment on time but...

2) Providing for your kids is taking backseat to your house payments and...

3) No one will refinance your mortgage?

Yes, what would YOU do?

For the rest of the story, go to HARP II Refinance with PMI vs Strategic Default and while you're there, as uncomfortable as this subject is, please leave a comment.

Feb 4, Special Edition Making Home Affordable Options

Sat, 04 Feb 2012 14:35:31 GMT

Ask Kate's Special Edition of Making Home Affordable Options - 13 Making Home Affordable programs. This is part 2 to The Bad Behavior of Making Home Affordable,

Feb 3, HARP Refinance Rates

Fri, 03 Feb 2012 03:11:15 GMT

Ask Kate who determines HARP refinance rates: Hi Kate, We are considering a HARP refinance with our current lender. We were told that the finance rate

Feb 2, Introducing Dennis at List of Mortgage Companies in Colorado

Thu, 02 Feb 2012 21:49:06 GMT

Here's a warm welcome for Dennis in Englewood, CO to the List of Mortgage Companies in Colorado, my free lender directory. Follow the link to his contact information where he also says, "Offering the best in loan services at modest rates."

Feb 2, New Lows! Today's Mortgage Rate Report from Super Kate

Thu, 02 Feb 2012 20:17:44 GMT

Today's mortgage rate report from Super Kate at Get-Your-Best-Mortgage-Rate.com: Whew, after last week's spike in mortgage rates, this week's all time record lows for the 30, 15, and 5 year mortgages are a welcome relief! Here are the averages -

30 year fixed rate mortgage averaged 3.87 percent, down (yes!) from last week's 3.98, and down from 4.81 percent this time last year.

15 year fixed rate mortgage averaged 3.14 percent, down from last week's 3.24, and down from 4.08 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.80 percent, down from last week's 2.85, and down from 3.69 percent this time last year.

1 year adjustable rate home mortgage averaged 2.76 percent, up slightly from 2.74 last week, but down from 3.26 percent this time last year.

Watch the Best Mortgage Rate Blog for next's week rate report from Super Kate.

Feb 1, Seller Financed vs Stated Income Mortgages | When Traditional Mortgage Approval a la Vanilla Fails

Wed, 01 Feb 2012 21:04:27 GMT

Ask Kate about seller financed vs stated income mortgages: T. has been doing cash-in-hand work for 3 years. I doubt that traditional mortgage approval, a la vanilla, is cut out for him.

How about you? What happens when traditional programs aren't sufficient for financing your home loan? Don't give up on your dreams! Find your solution at When Traditional Mortgage Approval a la Vanilla Fails. While you're there, leave a comment, especially if you've been in a similar situation or someone who has.

Feb 1, Celebrating 100 Day Anniversary of HARP II Making Home Affordable Sweeping Changes

Wed, 01 Feb 2012 13:01:16 GMT

Celebrating 100 Day Anniversary of HARP II Making Home Affordable Sweeping Changes with Curtis and Darlene: 100 days have passed since Making Home Affordable (MHA) announced sweeping changes for homeowners struggling with unaffordable monthly house payments. See how this couple with 37 years in their home experienced success and prevented mortgage foreclosure after Curtis suffered a grand mal seizure and was laid off from his job.

Celebrating 100 Day Anniversary of HARP II Making Home Affordable Sweeping Changes

Jan 30, New Interactive Directory Map for List of Mortgage Companies

Mon, 30 Jan 2012 16:59:20 GMT

New Interactive Directory Map for List of Mortgage Companies: How cool! A new interactive map of the 50 United States! I just put it up on Get-Your-Best-Mortgage-Rate.com last night.

The directory at List of Mortgage Companies has been bringing together home buyers and homeowners with mortgage professionals for some time now. But this new map makes it easier than ever (and more fun) to network across the United States. You can see it at List of Mortgage Companies.

Bringing together home buyers and homeowners with mortgage professionals! Escrow, title and abstract services are welcome here too!

Jan 28, Ned's story of Nitty-Gritty and the Watchdog | Bizarre Underwater Refinance of a 1st and 2nd Mortgage

Sat, 28 Jan 2012 17:46:39 GMT

Ned's story of Nitty-Gritty and the Watchdog - His bizarre underwater refinance of a 1st and 2nd mortgage: Ned's mortgage experience defines bizarre! It could happen to anyone. His 1st mortgage slipped backward into a 2nd mortgage and it's super-underwater.

His line of credit accidentally became his 1st mortgage and no one closed it when he paid it off in a refinance. He doesn't live in the house but he could. Or maybe he should walk away. For the rest of Ned's story, go to Bizarre Underwater Refinance of 1st and 2nd Mortgages.

Jan 27, Underwater Refinance of 1st and 2nd Mortgage

Fri, 27 Jan 2012 23:10:27 GMT

Ask Kate about an underwater refinance of 1st and 2nd mortgage with a bizarre twist: Kate, I purchased an investment property in 2003 for $60,000 cash.

Jan 26, Meet Korene in List of Mortgage Companies in Arizona | Get-Your-Best-Mortgage-Rate.com

Thu, 26 Jan 2012 23:48:15 GMT

Meet Korene at my List of Mortgage Companies in Arizona: A mortgage pro from Scottsdale, AZ, she is now found in my free mortgage lender directory at Get-Your-Best-Mortgage-Rate.com. Korene offers financing for owner-occupied, investors, FHA, Reverse, USDA and VA guaranteed financing, conventional, high balance and jumbo loans as well as foreign nationals, tenant buyers, hard to place loans, and credit challenged.

Go to List of Mortgage Companies in Arizona to learn more about Korene. Please tell a friend!

Jan 26, Has the Trend Reversed | Best Mortgage Rates for the week ending January 26, 2012

Thu, 26 Jan 2012 22:36:44 GMT

Ouch! Has the trend reversed? Best Mortgage Rates and Trends Summary for the week ending January 26, 2012: Up! Both the 30 and 15 year fixed! The 5 year fixed is up also. Oddly, the most stable is the 1 year ARM.

30 year fixed rate mortgage averaged 3.98 percent, up from last week's 3.88, and down from 4.80 percent this time last year.

15 year fixed rate mortgage averaged 3.24 percent, up from last week's 3.17, and down from 4.09 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.85 percent, up from last week's 2.82 percent, and down from 3.70 percent this time last year.

1 year adjustable rate home mortgage averaged 2.74 percent, the same as last week, and down from 3.26 percent this time last year.

Super Kate is all over interest rate trends! You'll find the super hero's weekly report on mortgage rates at Best Mortgage Rate Blog!

Jan 26, You can find Jana in List of Mortgage Companies in Texas, my free Lender Directory

Thu, 26 Jan 2012 01:29:37 GMT

Introducing Jana, mortgage professional in Cleburne! You can find Jana in List of Mortgage Companies in Texas, my free Lender Directory introducing home buyers and homeowners to local mortgage professionals.

I like this quote from Jana's entry in my directory, "I understand life is hectic and moving a family can be a stressful experience. Allow me to give you the peace of mind families have trusted for years." Go to List of Mortgage Companies in Texas to contact Jana.

Jan 26, Michael of Westerville in List of Mortgage Companies in Ohio

Thu, 26 Jan 2012 01:21:59 GMT

Introducing Michael, mortgage professional in Westerville, newly added to the List of Mortgage Companies in Ohio. This is my free Lender Directory to introduce home buyers and homeowners to mortgage professionals.

Michael says, "We provide a relaxed, non-pressured experience throughout your loan process." Go to List of Mortgage Companies in Ohio for more about Michael. And please tell a friend about the directory!

Jan 24, Buying A Bank Foreclosure

Tue, 24 Jan 2012 03:42:21 GMT

Ask Kate about buying a bank foreclosure and PMI approval: Hi Kate, My fiance and I just recently put in an offer on a foreclosure house. It has been about

Jan 23, Introducing Michael from Chester, MD | List of Mortgage Companies in Maryland

Mon, 23 Jan 2012 04:06:52 GMT

Introducing Michael from Chester, MD who is now found at List of Mortgage Companies in Maryland, my free Lender Directory. This will tell you a little about Michael - "You will feel my enthusiasm, knowledge and dedication to your transaction from our first conversation." Cool! I like it!

Go to List of Mortgage Companies in Maryland for more about Michael. And tell a friend about the directory!

Jan 23, Meet in Greg Serving Albuquerque Homeowners for 20 Years | List of Mortgage Companies in New Mexico

Mon, 23 Jan 2012 03:20:36 GMT

Meet Greg who has been serving Albuquerque homeowners for 20 years at List of Mortgage Companies in New Mexico, my lender directory at Get-Your-Best-Mortgage-Rate.com. Tell a friend!

Jan 22, What is a Reverse Mortgage | Income for Senior Homeowners

Sun, 22 Jan 2012 02:58:19 GMT

What is a Reverse Mortgage? Reverse mortgages are a source of income for Senior Homeowners. Instead of the traditional method of borrowing money and being obligated to monthly house payments, reverse mortgages are... simply put, reversed!

The order is reversed because the bank pays the homeowner! Here is a brief rundown, an introduction, to a source of income for Senior Homeowners at What is a Reverse Mortgage.

Jan 19, Announcing Today's Best Mortgage Rates and Trends by Super Kate | Get-Your-Best-Mortgage-Rate.com

Thu, 19 Jan 2012 15:52:27 GMT

Today's Best Mortgage Rates and Trends Summary: Announcing the 7th consecutive week below 4.00 percent for the 30 year fixed rate mortgage which averaged 3.88 percent, down from last week's 3.89, and down from 4.74 percent this time last year.

15 year fixed rate mortgage averaged 3.17 percent, up slightly from last week's 3.16, and down from 4.05 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.82 percent, the same as last week, and down from 3.69 percent this time last year.

1 year adjustable rate home mortgage averaged 2.74 percent, down slightly from 2.76 last week, and down from 3.25 percent this time last year.

Super Kate is always on the hunt for interest rate trends! Discover the super hero's weekly report on mortgage rates here at the Best Mortgage Rate Blog!

Jan 19, When the Bank Says No Think Yes | Buying Without Selling a Current Home

Thu, 19 Jan 2012 03:04:15 GMT

Jane asks Kate about buying without first selling a current home: If you are sure there is no possible way for you to get a mortgage, it's time to start thinking outside the box. Take Jane's story for example. She wants to buy a house without first selling her existing home. Even though several big banks told her no, I'm glad Jane isn't giving up. And I'm super glad she wrote me.

If you've been turned down for mortgage approval or have a friend who can't get a home loan, I hope you'll read the 5 out-of-the-box ideas I passed onto Jane at How to Buy a House Without Selling Your Current Home.

Jan 18, Buying Without Selling a Home

Wed, 18 Jan 2012 20:30:26 GMT

Ask Kate about buying without selling a current home: Kate, my husband and I moved to the USA three years ago and as a result have very little credit history.

Jan 15, Reduce Your Vulnerability - Ask Kate Tips to Successful Cash Out Mortgage Refinancing

Sun, 15 Jan 2012 23:55:38 GMT

Bb asks Kate for tips to successful cash-out mortgage refinancing: Kate, I've never refinanced before and am hoping to get some cash to remodel my parents' home. Is there any advice that you can offer to help me through the refinancing process?

Don't put your home and mortgage at risk when you refinance. Get Ask Kate's time-proven tips to Successful Cash-Out Mortgage Refinancing.

Jan 15, Empowering Video from Making Home Affordable Program | How To Stop Mortgage Foreclosure

Sun, 15 Jan 2012 22:16:41 GMT

Watch this empowering video from Making Home Affordable Refinance Program and stop mortgage foreclosure: You will sleep better at night if you learn what to do to Stop Mortgage Foreclosure! Watch this how-to video and get a second chance as a homeowner. Learn what you need to do before you begin the Making Home Affordable Program.

Jan 15, Cautionary Cash Out Mortgage Refinancing Tip

Sun, 15 Jan 2012 02:08:27 GMT

Ask Kate: Cautionary Cash-Out Mortgage Refinancing Tip! Hi Kate, it is nice to know that there is someone out there that has taken the time to answer questions

Jan 13, Mortgage Refi Tips | Do I have to pay homeowners insurance and property taxes through the escrow company when refinancing

Fri, 13 Jan 2012 19:03:45 GMT

Ask Kate Mortgage Refi Tips: Do I have to pay homeowners insurance and property taxes through the escrow company when I'm refinancing?

Hi Kate, For a home mortgage refi in California, do I have to prepay my home insurance renewal and property taxes through the escrow company?

Ask Kate Answers: In the west, most mortgage transactions are closed by an escrow company who assists the lender with the initial payments of property taxes and homeowner's insurance. More on this at How To Get a Mortgage - Meet Escrow Your Neutral Watch Dog

However, your mortgage lender may require ongoing escrow accounts for your homeowners insurance and property taxes. Called impound accounts or escrows, the Escrow Company has nothing to do with them. The funds are taken from your mortgage payments and placed in a dedicated account to be held until your homeowners insurance and property taxes are paid by your lender.

In case you were wondering, some homeowners pay their own homeowners insurance and property taxes, as determined by the terms of their mortgage.

Now go to Ask Kate Mortgage Refi Tips to determine if your mortgage refinance is worth the cost.

Jan 12, Today's Best Mortgage Rates and Trends | Get-Your-Best-Mortgage-Rate.com | January 11, 2012

Thu, 12 Jan 2012 20:04:25 GMT

Could this be a trend? Today's Best Mortgage Rates and Trends reveal averages in interest rates across the nation for the 30 year fixed mortgage rates are below 4% for six weeks in a row! Here is the summary:

30 year fixed rate mortgage averaged 3.89 percent, down from last week's 3.91, and down from 4.71 percent this time last year.

15 year fixed rate mortgage averaged 3.16 percent, down from last week's 3.23, and down from 4.08 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.82 percent, down from last week's 2.86, and down from 3.72 percent this time last year.

1 year adjustable mortgage rates averaged 2.76 percent, down slightly from 2.80 last week, and down from 3.23 percent this time last year.

Jan 11, Ask Kate About Hidden Cost of PMI

Wed, 11 Jan 2012 17:18:52 GMT

Ask Kate about the hidden cost of PMI (Private Mortgage Insurance): Hi Kate, I am refinancing my home that I bought in 2010. I do not have any money towards

Jan 11, Britney Asks Kate how to Refi an Underwater Mortgage with PMI

Wed, 11 Jan 2012 03:06:51 GMT

Ask Kate: How do I refi my underwater mortgage with PMI when I owe more than the house is worth? Britney and her husband bought their first home in 2006 but now their mortgage is underwater.

That means their home has dropped in value and their equity is in negative territory. Certainly not a homeowner's dream but Kate has answers.

Get Kate's 3-step plan to Successfully Refi Your Underwater Mortgage with PMI.

Jan 8, Reverse Mortgage Pitfalls For Heirs

Sun, 08 Jan 2012 18:03:34 GMT

Ask Kate about Reverse Mortgage Pitfalls For Heirs: Hi Kate, I am told to obtain a reverse mortgage, my home needs little to no equity. My concern is the

Jan 6, Announcing Zach in List of Mortgage Companies in Texas

Fri, 06 Jan 2012 15:50:30 GMT

Announcing Zach, mortgage originator in Plano, TX. Go to my free mortgage lender directory List of Mortgage Companies in Texas to find out what makes Zach tick. Tell your friends too!

Jan 6, Super Kate's Best Mortgage Rate Report for January 5, 2012

Fri, 06 Jan 2012 04:12:17 GMT

Super Kate's Best Mortgage Rate Report for January 5, 2012

Today's 30 year fixed rate mortgage slides below 4% for the 5th consecutive week. Awesome!

Now for this week's update: Average mortgage rates across the USA this week are as follows:

30 year fixed mortgage rates averaged 3.91 percent, down from last week's 3.95, and down from 4.77 percent this time last year.

15 year fixed mortgage rates averaged 3.23 percent, down from last week's 3.24, and down from 4.13 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.86 percent, down from last week's 2.88, and down from 3.75 percent this time last year.

1 year adjustable mortgage rates averaged 2.80 percent, up slightly from 2.78 last week, and down from 3.24 percent this time last year.

Jan 6, How to Avoid Raw Deals while Refinancing a Home Mortgage| Get-Your-Best-Mortgage-Rate.com

Fri, 06 Jan 2012 03:05:54 GMT

Ask Kate how to avoid raw deals while refinancing a home mortgage: The Nice family thought refinancing with their current mortgage lender would save them money.

It all sounded too good to be true, and now it seems like it was. Although the Nice's from New York were offered a screamin' deal to refinance for $100, at last account, their mortgage closing costs have soared to $4,000.

How about you? Have you ever felt trapped in a refinance that's going from bad to worse? Learn how to prevent ending up with a raw deal next time you refinance by going to Refinancing a Home Mortgage to Save Money, I Think. See you there!

Jan 4, Ask Kate about Transferring Title on a House | Get Your Best Mortgage Rate

Wed, 04 Jan 2012 23:37:52 GMT

Ask Kate about Transferring Title on Family Homes: Hi Kate, My Inlaws can't afford their mortgage payments anymore but their son (my husband) wants to help save the family home. The Inlaws want us to move into the home and take over the mortgage payments. They don't live there anymore. Right now the balance is $190,000. Basically, they're giving us the house, so they don't lose it.

My question is what would be the best for us to do? We don't have good credit score, so we couldn't transfer the loan title under our names. Should we transfer title after the loan is paid off, or is there other ways of going around this? Please help me. Thanks, Jessica in Fountain Valley, California

Hi Jessica, When it comes to title matters, I recommend consulting an attorney. Being a borrower on a mortgage is different from adding your name to a title. They may seem similar but title is something you should know more about. Learn more about the distinction between title and mortgage here at Credit Score Ratings and Quit Claim Deeds.

Then read How to get a Mortgage - Title Insurance to see why every homeowner should be protected from the prior history of a property. Best wishes to your family, Kate

Jan 4, You Need This for HARP Making Home Affordable Program

Wed, 04 Jan 2012 22:30:11 GMT

Watch how Making Home Affordable, also known as HARP, helps Jacqueline of Hialeah, Florida save her home.

Bring this paperwork to a Making Home Affordable community event near you.

Monthly mortgage statement

Information about 2nd, 3rd, 4th mortgages

2 recent pay stubs

Last 2 years of tax returns, all pages

Profit and loss statement if self-employed

Documentation for secondary income, such as child support or unemployment

2 recent checking, saving, and investment statements

Utility bill showing your name and home address

Credit card statements

Letter describing the hardship that is putting your home in jeopardy.

Learn about Local Community HARP Events put on by Making Home Affordable and HOPE NOW and how they can help you save your home.

Dec 31, Making Home Affordable Local Community Events | HAMP News at Get-Your-Best-Mortgage-Rate.com

Sat, 31 Dec 2011 20:32:17 GMT

Have you heard of the local community events sponsored by Making Home Affordable and HOPE NOW? The Home Affordable Modification Program, or HAMP for short, is one way the Making Home Affordable Program helps homeowners lower their monthly house payments. You can find Making Home Affordable updates at Get Your Best Mortgage Rate.

So today, George and Dorothy wrote me asking for help. They make too much money to be eligible for HAMP. But they desperately need help getting affordable monthly house payments.

Find out how local community events for HAMP can help George and Dorothy and maybe even YOU at Get-Your-Best-Mortgage-Rate.com and remember, you can ask Kate too!

Dec 29, Local Making Home Affordable Community Events in 2012 | Get-Your-Best-Mortgage-Rate.com

Thu, 29 Dec 2011 23:54:40 GMT

Local Making Home Affordable Community Events: Having trouble refinancing your mortgage? Making Home Affordable is sponsoring free community events. Here are dates for the next 3 Local Homeowner Events -

Tuesday, January 24, 2012 in Charlotte, North Carolina from 11:00am to 7:30pm, Charlotte Convention Center located at 501 South College St, Charlotte, NC 28202.

Wednesday, February 22, 2012 in Miami, Florida, details to follow.

Friday, February 24, 2012 in Tampa, Florida, details to follow.

Find out how Making Home Affordable Refinance Program can help you get affordable mortgage payments at Super Kate's HARP II Eligibility Requirements announcement at Get-Your-Best-Mortgage-Rate.com.

Dec 29, Best Mortgage Rate Report Dec 29, 2011 | How To Lock Mortgage Rates Successfully

Thu, 29 Dec 2011 22:45:17 GMT

Super Kate and Best Mortgage Rate Report for the week ending December 29, 2011.

Today's mortgage rates are too incredibly awesome to lose over not understanding how to successfully lock in your mortgage rate. Go to my Super Kate series - Understanding How to Lock Mortgage Rates and sidestep the agony of losing the lowest mortgage rates of a lifetime!

Now for this week's update: Average mortgage rates across the USA this week are as follows:

30 year fixed mortgage rates averaged 3.95 percent, up from last week's 3.91, and down from 4.86 percent this time last year.

15 year fixed mortgage rates averaged 3.24 percent, up from last week's 3.21, and down from 4.20 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.88 percent, up from last week's 2.85, and down from 3.77 percent this time last year.

1 year adjustable mortgage rates averaged 2.78 percent, up slightly from 2.77 last week, and down from 3.26 percent this time last year.

Dec 15, Best Mortgage Rates Report for December 15, 2011 | Easy Home Mortgage Payment Calculator | Get-Your-Best-Mortgage-Rate.com

Thu, 15 Dec 2011 22:24:19 GMT

Super Kate and Best Mortgage Rates Report for the week ending December 15, 2011.

Use the following mortgage rates to plug into my Mortgage Rate Calculator and see how much money you can save! You can print out a mortgage amortization chart to monitor how fast you are paying off your mortgage.

Now for the interest rates: Average mortgage rates across the USA this week are as follows:

30 year fixed mortgage rates averaged 3.94 percent (tied for lowest in history), down from last week's 3.99, and down from 4.83 percent this time last year.

15 year fixed mortgage rates averaged 3.21 percent (record low), down from last week's 3.27, and down from 4.17 percent this time last year.

5 year fixed - 25 year adjustable mortgage rates averaged 2.86 percent, down from last week's 2.93, and down from 3.77 percent this time last year.

1 year adjustable mortgage rates averaged 2.81 percent, up slightly from 2.80 last week, and down from 3.35 percent this time last year.

You can also get more help for using my calculator at Easy Home Mortgage Payment Calculator.

Dec 15, How to Refinance a Good Mortgage Gone Bad

Thu, 15 Dec 2011 01:08:14 GMT

Ask Kate how to refinance a good mortgage gone bad: Kate, While trying to refinance my mortgage, I have been working with one lender for over a month.

Dec 14, When Mortgage Loan Approvals Start Smelling Fishy

Wed, 14 Dec 2011 22:58:20 GMT

When Mortgage Loan Approvals Start Smelling Fishy -- Angela from Middletown, NY asks Kate why no one is contacting her about closing her mortgage: Kate, We have a date for closing in 3 days. Our appraisal is good. The mortgage processor requested updated pay stubs to verify my employment again. I have my loan approval commitment and house insurance.

But we have not heard anything from the processor or the mortgage broker since forwarding the updated documentation. What does this mean?

Ask Kate answers: Hi Angela, When communication slows down during the mortgage approval process, it could indicate several things. Occasionally it means your mortgage lender is relunctant to face a problem that has just surfaced.

Or it could just be that the lending office is super busy. Either way, you need to be the squeaky wheel that gets the grease because this is how you'll get your mortgage closed. Please go to Cure Mortgage Approval Hiccups to better understand what your lender may be telling you . Then go to 10 Best Secrets to Low Mortgage Payments for more help understanding the mortgage process!

Best wishes, Kate

Dec 14, List Of Mortgage Companies In New Jersey - Best Mortgage Offer

Wed, 14 Dec 2011 02:41:52 GMT

List Of Mortgage Companies In New Jersey - Find your best mortgage offer in Trenton, Newark and other New Jersey cities using this mortgage lender directory.

Dec 13, Making Home Affordable Program Helping Joseph of Dorchester, Massachusetts

Tue, 13 Dec 2011 20:52:27 GMT

Making Home Affordable offers Hope for Homeowners: Meet Joseph, a construction worker, who was soon left without his savings after losing his job. Watch this video to see how Joseph got help from Making Home Affordable (MHA) and saved his home.

See how HARP II, the new and improved Making Home Affordable Program, offers refreshing hope for homeowners, just like you.