Refinancing a home mortgage is generating big-time benefits for many homeowners. That was determined in a study by Freddie Mac of refinance transactions in the last quarter of 2012.
I live in a home that my mother and I financed jointly. I have been on the note and deed for about 10 years and have always made the payments and lived there. Our verbal agreement was that after two or three years she would give me the house because she wanted to go into a facility with people her age. She often forgets that the house is in both of our names. The last two years she was living in the home we agreed to sell it a number of times, but she would refuse to sign the final documents. I also tried to buy her out with the same result.
DEAR BENNY: I enjoy reading your articles and I have a question of my own. My wife passed away three years ago and I recently remarried. I plan to retire this year and want to refinance my home. The house is in both my deceased wife’s name and mine. What complications will I run into [...]
President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth.