document.write("Mortgage News
from MortgageDaily.com

browse all headlines free | mortgage statistics

");document.write("
");document.write("Options to Finance Home Renovations
Many people don't realize that there are renovation loans that can help pay for your housing upgrades.

Whether you need a new roof or your kitchen is outdated, there is a mortgage that's right for your fixer-upper. Here are your options and what you should know about each one.


Government-Backed Home Renovation Loans




");document.write("Using Mortgage Refinance to Cut Short-Term Debt
While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some borrowers to refinance into mortgages that are less costly in other respects.

Previous articles looked at refinancing a mortgage that is burdened by mortgage insurance, or by a second (''piggyback'') mortgage, into a new mortgage that has neither.

This article considers a third option, which is to refinance in order to consolidate short-term debts.




");document.write("Editorial: Bad Director Nominee for CFPB (aka BCFP)
President Donald Trump has picked a nominee for director of the Consumer Financial Protection Bureau and, true to form, he's made a bad choice.

Trump this week will nominate Kathy Kraninger, a little-known White House budget official, to serve as the nation's top consumer watchdog.

She has no experience in consumer advocacy, no experience as a regulator and no experience in financial services.





");document.write("What Millennials Can Expect in Home Buying Process
Texas transplants Ashlea and Nick Garrison attended a Twin Cities, Minnesota, homebuying class on a Saturday in early May.

The couple met with a personal counselor the following Tuesday, got pre-approved for a loan that Friday, visited eight homes that Saturday and put in a competitive offer $5,000 above the $165,000 asking price the same evening.

The couple, both in their early 30s, learned their offer had been accepted Sunday morning. They closed on their first house -- a move-in ready three-bedroom frame-house in St. Paul's Dayton's Bluff neighborhood -- a couple of weeks later.




");document.write("Refinancing a Piggyback Can Be Profitable
While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some borrowers to refinance into mortgages that are less costly in other respects.

One possibility, discussed in a previous column, is to refinance a mortgage carrying mortgage insurance into one that doesn't require mortgage insurance [read Refinancing to Eliminate Mortgage Insurance].

Another possibility, the subject of this column, is to refinance a piggyback -- a combination of a first and a (more costly) second mortgage -- into a solo first mortgage.





");document.write("
");document.write("add these free headlines to your Web site

");