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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...
What you should know about mortgage forbearance

What you should know about mortgage forbearance

by Attorneys Real Estate Group | Apr 29, 2020 | Blog, Mortgage

Some 3.4 million mortgages are currently in forbearance as a result of COVID-19. That is according to a recent report from Black Knight. Further, in March, mortgage delinquency increased by 3.39 percent, the first time that month has seen a jump since the “turn...
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