http://www.mortgagefit.com/blog Behind the scene Thu, 02 Jul 2009 12:20:58 +0000 http://backend.userland.com/rss092 en Hi all, For the first time in MortgageFit, we have a member making more than 4000 posts!! It's my pleasure to announce that George M Akerley, one of our moderators have reached this mark. George has been an active participant of the community since 2007. It's been a long participation with the community ... http://www.mortgagefit.com/blog/communitymember-4000posts/ Mortgage interest rates are at record low and you must be planning to refinance your mortgage to take advantage of the low rates. With a good credit score and stable financial situation, you can definitely go ahead and refinance your properties. But again, you should also have a clear idea ... http://www.mortgagefit.com/blog/5things-beforerefinance/ New set of credit card reforms have been announced by the federal regulators which will come into force from July 1, 2010. The new set of rules will give the credit card users more time to pay their monthly bills, greater advance notice of changes in credit card terms, to ... http://www.mortgagefit.com/blog/creditcard-reforms/ The Obama administration has come up with new guidelines for the foreclosure prevention program. It concentrates mainly on how to deal with borrowers who have home-equity loans or other second mortgages. Most of the borrowers who are delinquent on their mortgage payments also have a second mortgage. However, when the ... http://www.mortgagefit.com/blog/guidelines-foreclosureprevention/ This year borrowers will be receiving special tax breaks for refinancing. Most of us overlook the tax breaks available when we refinance our mortgage. You can get special tax breaks on the following: PMI premiums: Private mortgage insurance or PMI comes into the play when you are unable to pay 20% ... http://www.mortgagefit.com/blog/taxbreaks-refinance/ The faulty mortgage practices which damaged the economy and financial markets round the globe will now face tighter restrictions. H.R. 1728, Mortgage Reform and Anti-Predatory Lending Act would take steps to make sure that the borrowers avoid mortgages which are costly so that they can pay back their creditors and ... http://www.mortgagefit.com/blog/antipredatory-bill/ It has been noticed for quite some time that the mortgage rates have been incredibly low. It has tempted a number of people to refinance or buy their first home. But it's really doubtful whether everyone would qualify for the lower rates or not. There are lots of factors which ... http://www.mortgagefit.com/blog/low-rates/ Last week, the fixed mortgage rates fell again as the Federal Reserve planned to buy the mortgage backed securities. It was noted that rates for 30-year fixed home loan had declined to 4.80 %. On the other hand, the 15-year fixed rate was unchanged at 4.48%. In an announcement on ... http://www.mortgagefit.com/blog/drop-rates/ This is a common question which homeowners, who are upside down on their mortgage, ask in the forums. Recently, the Obama administration has come up with 2 types of programs which would make mortgage affordable around 9 million homeowners: refinancing and loan modification. Special refinancing program: This is a special program ... http://www.mortgagefit.com/blog/qualify-federalprograms/ If you are upside down on your mortgage and don’t know how to handle the situation, then the Home Affordable Refinance can help your cause. This is a new program introduced by the Obama Government to assist millions of homeowners who can’t refinance their property due to loss of equity. Home ... http://www.mortgagefit.com/blog/homeaffordable-refinance/