Home Refinancing Popular but Not Always Possible
Sun-Journal Lewiston, Me. › October 18, 2011
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Summary
Brendan Fontaine gets four or five phone calls a day from people looking to refinance.
As a mortgage banker for Reliant Mortgage Co. in Auburn, he tells them rates are at historic lows, with 30-year mortgage rates hovering around 4 percent and 15-year mortgages even lower. He tells them they might be able to lower their monthly bill by $100 or shave years off their loan.See the full content of this document
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Home Refinancing Popular but Not Always Possible
But he also tells them they may not get any of that.
Although mortgage rates are very low, lenders say few qualify for the best rates and some -- to the homeowners' surprise -- don't qualify for a r...See the full content of this document
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