Experts Offer Tips On How To Refinance Mortgages (CBS4 Miami)
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As thousands of South Florida struggle to meet their monthly mortgage payments, many are wondering where to turn to for help. Louis Navia, of Ft. Lauderdale, turned to foreclosure attorney Guillermo Perez for help. “Now is the time to remodify, restructure your note. The number one tip is act now,” said Perez.
401(k) is poor source of refinance funds (Bankrate.com)
Dear Dr. Don, A year or so ago, my 401(k) account was worth $265,000. Now it is worth $134,000. My mortgage balance is $289,000, while the home’s value — at least according to Zillow.com — is now about $275,000. I have a 5/1 interest-only adjustable-rate mortgage at 5.5 percent with its first interest rate reset in August 2010. I am 62 years old.
Owners to Refinance $165 Billion (Pravda)
U.S. Treasuries edged down in Asia on Tuesday, giving up some of the previous day’s gains, with investors now eyeing a three-year note auction a day before a Federal Reserve policy-setting meeting , Reuters reports.
