All Posts Tagged With: "lower"
Mortgages: Can You Stop Line of Credit Freezes?
The Federal Reserve has published a new guide to home equity line of credit financing — and what you can do if your lender reduces or freezes your HELOC. To be polite, not a damn thing. The Board’s 5 Tips for Dealing with a Home Equity Line Freeze or Reduction first tells us the following: [...]
10Aug2009 | Peter G. Miller | 0 comments | Continued
How To Cut Real Estate Closing Costs
It may well have been the most unusual stewardship seen by the Department of Housing and Urban Development in recent years. HUD Secretary Mel Martinez has both resigned and left behind an impressive record. What’s remarkable about Martinez — now a U.S. senator from Florida — is that during his time in Washington HUD operated [...]
13Sep2008 | Peter G. Miller | 0 comments | Continued
What is a “float-down?”
A “float down” is a form of rate lock-in used by some lenders. The particulars may differ, but in general a “float down” means that you lock at today’s rate and can re-lock at least once before closing if rates fall. Since programs differ, speak with lenders to discuss individual lock-in options. Technorati Tags: down, [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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