Best Mortgage Rate Blog

Ask Kate

What's new? The Best Mortgage Rate Blog by Kate, an entertaining source of information, translates the secret language of mortgage lending making it easy for anyone to understand.

Here you'll find the latest additions, interest rate news and a wealth of information about real estate and mortgages.

**Super Kate Tip: Shouldn't you see your credit score?
Get your Credit Score from CreditReport.com - fast, free and easy!**

How To Become Part Of This Blog

Simply tell your favorite mortgage or real estate story on the Mortgage Forum. Or are you seeking solutions? Whatever the question, you can depend on a unique and personalized answer from Ask Kate!

Your contribution becomes part of this blog and a permanent page on Get-Your-Best-Mortgage-Rate.com for others to read. Bonus! I'll tweet your page at Twitter too. So enjoy. This is fun.

Okay! Onto the blog...

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Sep 1, 2010, Well This Is Something You Don't Hear About Everyday - How To Un Get Your Best Mortgage Rate

Whaddaya mean? How To Un Get Your Best Mortgage Rate?

What if you woke up one morning and your mortgage was paid off? Yes, just like THAT! In celebration of their upcoming one millionth closed loan, Quicken Loans has launched the "Thanks A Million" campaign and will pay off the mortgage of one lucky closed client.

Now that's How To Un Get Your Best Mortgage Rate!

Follow the link for Focus On Finance, my free newsletter. Pop your first name and email (Your email stays private) into the blue box to sign up. Easy! Free!

You'll be glad you did! Now follow the link...

Permalink -- click for full blog post "Well This Is Something You Don't Hear About Everyday - How To Un Get Your Best Mortgage Rate"

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Aug 31, 2010, Negative Amortization Loan

Ask Kate about refinancing a negative amortization loan: Hi Kate, I bought my house at the wrong time, obviously. I decided to get a Pay Option Arm, thinking

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Aug 30, 2010, Home Mortgage Tips And Forum Advice

Home Mortgage Tips - Discover savvy online mortgage advice contributed by Readers. Continue with Best Mortgage Advice Forum to share your mortgage experiences.

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Aug 30, 2010, Best Mortgage Advice Forum

Laugh and cry with the worst, funniest or best mortgage advice stories on the Mortgage Advice Forum. Your comments, tips and advice wanted!

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Aug 30, 2010, Foreclosure Questions

Ask Kate Foreclosure Questions: Hi Kate, Will the bank call in my loan? When I bought the house I was making $50,000. I got laid off and now work for $32,000.

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Aug 29, 2010, Refinancing A Mortgage - Homeowners Tell Stories And Ask Questions

Refinancing a mortgage simplified! Homeowners ask Kate for refinance help. They also offer their advice and experiences about mortgage refi.

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Aug 29, 2010, Refinance Fees

Ask Kate! Refinance fees! Too high? Hi Kate, I am having a problem understanding these refinance fees. Compensation From Rebate $4839 and Credit for Specific

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Aug 28, 2010, List Of Mortgage Companies In Florida - Best Mortgage Interest Rates

List Of Mortgage Companies In Florida - Find your best mortgage interest rates in Tallahassee, Jacksonville and other Florida cities using this mortgage lender directory.

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Aug 28, 2010, Focus On Finance by Ask Kate - News, Reviews and Stories

Focus On Finance Newsletter - Free mortgage news, reviews and stories from Ask Kate providing premium mortgage information and credit self-help.

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Aug 28, 2010, List Of Mortgage Companies In California - Best Mortgage Interest Rates

List Of Mortgage Companies in California - Find your best mortgage interest rates in Sacramento, San Diego and other California cities using this mortgage lender directory.

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Aug 28, 2010, Ask Kate - Contact Kate With Your Mortgage Questions

Contact Kate - Ask Kate. What if you could ask a mortgage insider anything you wanted regarding mortgage financing? Now you can. Ask Kate!

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Aug 27, 2010, Best Mortgage Rate Blog

What's new? Best Mortgage Rate Blog by Kate, an entertaining source of the latest information, translates the secret language of mortgage lending making it easy for anyone to understand.

Permalink -- click for full blog post "Best Mortgage Rate Blog"

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Aug 27, 2010, Get Your Best Mortgage Rate and Private Money Lender

Yet another week, the 30 year mortgage reached record lows.

The 30 year fixed rate mortgage averaged 4.36 percent, down from last week when it averaged 4.42 percent.

Are you sick and tired of me telling you these low mortgage rates won't last? It's still my story AND I'm sticking to it.

So do we have one day, one month, or one year left of the best mortgage rates since 1971? Who knows... But I do know if you can, go ahead and refinance! Buy a house! Don't wait.

If the bank is being a pill, here is an alternative. Yesssss... Borrowers and investors alike, cut out the bank!

Now the follow the link for an inside look at private money lending....

Permalink -- click for full blog post "Get Your Best Mortgage Rate and Private Money Lender"

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Aug 27, 2010, SBI Wants Dreamers - Create A Business Website

SBI - Learn how to make money online. Mortgage originators and serious entrepreneurs, put the spark back in your life by building a business website. Start dreaming again.

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Aug 27, 2010, Easy Mortgage Leads Brought To You By Kate Ford

Easy mortgage leads to even out ups and downs in the market. Free newsletter helping lenders, mortgage brokers, Realtors, RE service providers increase an online presence.

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Aug 26, 2010, Peer To Peer Lending - Cut Out The Bank

Peer to Peer Lending - Cut out the Bank! Borrowers save money. Investors make money. Debt consolidation, home improvement loans, car loans, personal loans.

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Aug 26, 2010, Site Build It Review - How To Make Money Online

Site Build It Review - Combining desire and commitment to your dream with SBI know-how and SiteSell tools, learn how to make money using the internet.

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Aug 25, 2010, Debt Relief Programs

Regarding debt relief programs: Hi, Kate After completing 3 international adoptions over the past 11 years, we owe $63,000 in credit card debt and a 2nd

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Aug 25, 2010, Debt Relief Programs

Ask Kate: Debt Relief Programs And Buying A House Hi Kate, I am interested in buying a home, but feel my credit is poor. I was laid off my job a few years

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Aug 25, 2010, Pay Off House

Ask Kate how to pay off your house: Hi Kate, We are trying to pay off our house. I have lived here for a long time and still owe around $57,000 for this

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Aug 25, 2010, Refinancing Interest Only Mortgage

Ask Kate About Refinancing Interest Only Mortgage: Hi Kate, My husband and I are interested in refinancing an interest only mortgage. We currently own

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Aug 25, 2010, Home Affordable Modification Program

Ask Kate: Home Affordable Modification Program - Can I combine my first and second mortgage using the Making Home Affordable Program? I have a Fannie Mae

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Aug 25, 2010, What Is Home Equity

Ask Kate: What Is Home Equity? Can I use it to consolidate debts? Dear Kate, Can you tell me how to calculate the value of my property? I want to know

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Aug 25, 2010, Ask Kate About Mortgage Rate Lock

Ask Kate answers mortgage rate lock questions - Questions from Readers and online mortgage advice by Kate Ford. Ask Kate for an answer to mortgage and real estate questions.

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Aug 25, 2010, Powerful Cure For Subprime Mortgages

Are you among homeowners who have subprime mortgages? Discover the long-term plan and powerful cure to subprime mortgage loans.

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Aug 24, 2010, Stories And Advice For Buying A Home

Stories, questions, and advice for buying a home by visitors to Get-Your-Best-Mortgage-Rate where Ask Kate answers your mortgage and real estate questions. Ask Kate!

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Aug 24, 2010, Private Money Lender

Ask Kate about private money lender legitimacy: Hi Kate, I was not able to qualify for a mortgage due to my credit score. I was referred to a private money

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Aug 23, 2010, Best Mortgage Rates Remain Tame -- How Does Refinancing Work

Looking for the averages on best mortgage rates? Just getting back in town from 2 weeks away. In my absence, the best mortgage rates were quite tame. (How polite of them)

Here is what Freddie Mac said Thursday: "For yet another week, the fixed-rate mortgages reached another low."

The 30 year fixed rate mortgage averaged 4.42 percent. Last year at this time, the 30 year fixed rate mortgage averaged 5.12 percent.

The 15 year fixed rate mortgage this week averaged a record low of 3.90 percent. A year ago at this time, the 15 year fixed rate mortgage averaged 4.56 percent.

The 5 year hybrid adjustable rate mortgage averaged 3.56 percent this week. A year ago, the 5 year hybrid adjustable rate mortgage averaged 4.57 percent.

To unravel another mystery, follow this link and see how refinancing works!

Permalink -- click for full blog post "Best Mortgage Rates Remain Tame -- How Does Refinancing Work"

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Aug 23, 2010, List Of Mortgage Companies In New York - Best Mortgage Rates Available

List Of Mortgage Companies In New York - Find your best mortgage rates available in New York City, Albany and other NY cities using this mortgage lender directory.

Permalink -- click for full blog post "List Of Mortgage Companies In New York - Best Mortgage Rates Available"

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Aug 17, 2010, How Does Refinancing Work

Ask Kate: How does refinancing work with PMI? Hi Kate, We are hoping to refinance but the private mortgage insurance (PMI) will sky rocket offsetting lower

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Aug 13, 2010, Get Your Best Mortgage Rate and Monthly Payments On A Mortgage

Have you ever wondered if you need to continue monthly payments on a mortgage when you are in the midst of a refinance? Before I answer, an update on getting your best mortgage rate...

Best Mortgage Rate Trivia and Best Mortgage Rate Update:

30 year fixed rate is surveyed lower than it's been since 1971, the beginning of the survey -- 4.44 percent

15 year fixed rate is surveyed lower than it's been since 1991, the beginning of the survey -- 3.92 percent

5 year adjustable rate is surveyed lower than it's been since 2005, the beginning of the survey -- 3.56 percent

Now follow the link to read what Mary asked me about her mortgage refi after she told me she's short on cash...

Permalink -- click for full blog post "Get Your Best Mortgage Rate and Monthly Payments On A Mortgage"

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Aug 13, 2010, HARP Refinance Made Impossible

Regarding HARP refinance Made Impossible: Dear Kate, I contacted my lender (Major Lender #1) who holds my first mortgage on April 8th about refinancing.

Permalink -- click for full blog post "HARP Refinance Made Impossible"

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Aug 13, 2010, List Of Mortgage Companies In Michigan - Best Home Loans

List Of Mortgage Companies In Michigan - Find your best home loans in Lansing, Detroit and other Michigan cities using this mortgage lender directory.

Permalink -- click for full blog post "List Of Mortgage Companies In Michigan - Best Home Loans"

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Aug 12, 2010, Best Mortgage Rates and Refinancing - Ask and Answers

Best Mortgage Rates and Refinancing - Q and A, Financing Advice and Stories from Homeowners, Helpful Tips from Kate.

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Aug 12, 2010, Monthly Payments On Mortgage

Ask Kate about making monthly payments on a mortgage: Hi Kate, We are extremely low on cash. I would like to skip the August 1st payment which will be

Permalink -- click for full blog post "Monthly Payments On Mortgage"

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Aug 6, 2010, Get Your Best Mortgage Rate - Plunger At Work - Does Your Bank Want Another Mortgage Down Payment

Best Mortgage Rate Alert! Seems somebody somewhere has taken the plunger to interest rates.

Call it a sinking GDP, you bet, yep, yes sir, you got it... Best Mortgage Rates Down Again!

30 year fixed rate mortgage averaged -- DRUM ROLL -- 4.49 percent this week.

And now for the question of the day. Does your bank want another mortgage down payment from you? Anne wonders if her credit union does. Follow the link to find out...

Permalink -- click for full blog post "Get Your Best Mortgage Rate - Plunger At Work - Does Your Bank Want Another Mortgage Down Payment"

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Aug 6, 2010, Mortgage Down Payment

Ask Kate about mortgage down payment: Hi Kate, If I refinance with another mortgage company do I have to pay another deposit? We paid $147k for our house

Permalink -- click for full blog post "Mortgage Down Payment"

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Jul 30, 2010, Interest Rate Lock In

Ask Kate about your Interest Rate Lock In Agreement: Hi Kate, My partner and I are buying our first home. We are going through through a credit union.

Permalink -- click for full blog post "Interest Rate Lock In"

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Jul 28, 2010, Residential Construction Loan Interest Rate Lock

Ask Kate about breaking a residential construction loan interest rate lock: Hi Kate, Am I stuck or can I break my interest rate lock? I locked my interest

Permalink -- click for full blog post "Residential Construction Loan Interest Rate Lock"

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Jul 26, 2010, Loan Modification, Short Sale, Strategic Default, HARP, HAMP

Loan modification, short sale, Home Affordable, strategic default questions - Ask Kate answers letters sent in from Readers experiencing real estate distress.

Permalink -- click for full blog post "Loan Modification, Short Sale, Strategic Default, HARP, HAMP"

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Jul 26, 2010, Making Home Affordable Refinance

Ask Kate about Making Home Affordable Refinance Lenders: Hi Kate, I need help to refinance my home. My mortgage was with a major lender who was shut down

Permalink -- click for full blog post "Making Home Affordable Refinance"

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Jul 24, 2010, The Certificate Of Occupancy

Ask Kate how to locate the Certificate of Occupancy: Hi Kate, I am scheduled to close on my house on Friday and need to locate the certificate of occupancy.

Permalink -- click for full blog post "The Certificate Of Occupancy"

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Jul 23, 2010, Look what happened to Ryans Mortgage Rate - Current Mortgage Rate Trends

Whoo-hoo. Mortgage rates came down .01% this week. 4.56 percent for the 30 year fixed rate mortgage, down from 4.57 last week.

Now if I had some of those cute (and quite annoying in excess) smiley icons, I'd add 20 to my blog.

But it's serious. Mortgage rates, the best mortgage rates, are seriously low. And so is America's interest in them.

I saw a blog that said something like rates are screaming and we are sleeping right through it.

Please don't wait for a crisis to send mortgage interest rates through the ceiling in 5 minutes or less. It happens. I lived through it but it's not fun.

Read what Ryan says about his mortgage rate lock bouncing upward from 5 percent to 5.75 percent and then spiking to 6.75 percent --- all in 24 hours.

Follow the link...

Permalink -- click for full blog post "Look what happened to Ryans Mortgage Rate - Current Mortgage Rate Trends"

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Jul 23, 2010, Relief Refinance Mortgage

Ask Kate about Relief Refinance Mortgage Program: Hi Kate, I am trying to refinance my loan to see if I can enjoy the low rates now. I heard about relief

Permalink -- click for full blog post "Relief Refinance Mortgage"

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Jul 19, 2010, List Of Mortgage Companies In Arizona - Best Mortgage Interest Rates

List Of Mortgage Companies In Arizona - Find your best mortgage interest rates in Phoenix, Tucson and other Arizona cities using this mortgage lender directory.

Permalink -- click for full blog post "List Of Mortgage Companies In Arizona - Best Mortgage Interest Rates"

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Jul 17, 2010, Adjustable Rate Home Mortgage Answers

Adjustable Rate Home Mortgage Answers - ARM Q and A, true life experiences with variable rates as told by homeowners, tips and advice regarding adjustable mortgage rates by Kate Ford.

Permalink -- click for full blog post "Adjustable Rate Home Mortgage Answers"

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Jul 17, 2010, Adjustable Rate Mortgage - How To Avoid Surprises

Adjustable rate mortgage - Imagine what it would be like if you could plan for changes to your mortgage payments. Do you have a prepayment penalty? Are you facing foreclosure? Let me help.

Permalink -- click for full blog post "Adjustable Rate Mortgage - How To Avoid Surprises"

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Jul 17, 2010, Adjustable Rate Home Loan

Ask Kate about 4 year adjustable rate home loan programs: Hi Kate, I am thinking about combining my truck loan with my mortgage loan. Is refinancing to

Permalink -- click for full blog post "Adjustable Rate Home Loan"

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Jul 16, 2010, YSP Issue

Tom's experience a YSP Issue (Yield Spread Premium): I recently signed a contract on a condo, purchase price $65K. I put 30 percent down, with a credit

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