The News Review:
- Fitch Ratings Affirms GMAC 1999-C1; Assigns Outlooks
- New mortgage options available for veterans
- Mortgage Refinancing
- On Your Side: Ready to Refinance?
Fitch Ratings Affirms GMAC 1999-C1; Assigns Outlooks
MarketWatch
The loan was
transferred to special servicing due to an imminent default as the
borrower has indicated that it will be unable to payoff the loan at the
Nov. 10, 2008 maturity date. The borrower has requested a loan extension
to provide additional time to refinance. The servicer reported YE07 DSCR
was 0. 93x with the occupancy rate at 74. 7%, compared to a DSCR of 1. 72x
with an occupancy rate of 99% at issuance.
New mortgage options available for veterans
Upper Rogue Independent, OR
"
VA
has never guaranteed subprime loans. However, as a result of the new
law VA can now help many more veterans who currently have subprime
loans. The new law makes changes to VA’s home loan refinancing program. Veterans
who wish to refinance their subprime or conventional mortgage may now
do so for up to 100 percent of the value of the property. These types
of loans were previously limited to 90 percent of the value. Additionally,
Congress raised VA’s maximum loan amount for these types of refinancing
loans. Previously, these refinancing loans were capped at $144,000.
Related: NextStudent Inc. to Explore Liquidity Options for Outstanding …
Mortgage Refinancing
Food Consumer, IL
But before deciding, you need to understandall that refinancing involves. Your home may be your most valuablefinancial asset, so you want to be careful when choosing a lender orbroker and specific mortgage terms. Remember that, along with thepotential benefits to refinancing, there are also costs. When you refinance, you pay off your existing mortgage and create anew one.
On Your Side: Ready to Refinance?
WRDW-TV, GA
How many points can I save on my interest rate?
If those sound good to you, experts say now may be the time to re-fi. “Rates are at a point now where you’d be crazy not to refinance. ” said Andy Passmore of The Mortgage Center. Something Tyler Brooks knows all too well. “Blew me away that we could do that right now.