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Number of weekly distressed homeownership cases fall once again

Number of weekly distressed homeownership cases fall once again

by Attorneys Funding Group | Jul 13, 2020 | Blog, Mortgage

For the third consecutive week, the total number of mortgage loans in forbearance fell. According to the Mortgage Bankers Association, the rate fell by nearly 9 percent in the last week of June. In addition, Fannie Mae and Freddie Mac loan in forbearance statuses...
4 ways to get a lower refinance rate

4 ways to get a lower refinance rate

by Attorneys Funding Group | Jul 3, 2020 | Blog, Mortgage

Rates for refinancing do not always align with home purchase rates. Yet, there’s hope: Low rates for refinancing is very doable. It will just take a little extra work. Here are five ways you may be able to score a good interest rate if you’re thinking about...
Home purchase applications rise 18 percent year over year

Home purchase applications rise 18 percent year over year

by Attorneys Funding Group | Jul 3, 2020 | Blog, Mortgage

Driven by falling mortgage rates, the volume of purchase mortgage applications increased by 5 percent for its seventh straight weekly gain. Purchase activity increased by 18 percent year over year. While refinancing volume slid by a modest amount, overall purchases...
What to consider if you are thinking about a cash-out refinance

What to consider if you are thinking about a cash-out refinance

by Attorneys Funding Group | Jul 3, 2020 | Blog, Mortgage

Looking to boost the amount of cash you have available in the midst of the COVID-19 (Coronavirus) crisis? If you have equity built up in your house, a cash-out refinance might be an option to consider. A cash-out refinance allows you to refinance your mortgage and use...
Now could be a good time to refinance to boost monthly cash flow

Now could be a good time to refinance to boost monthly cash flow

by Attorneys Funding Group | Jul 3, 2020 | Blog, Mortgage

Though mortgage rates are somewhat in flux at the moment as a result of the COVID-19 (Coronavirus) crisis, there is a chance that today’s rates are lower than what your current mortgage rate is. What does that mean for you? Well, if your current interest rate is lower...
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