Mortgage Refinancing Help Ahead?

If you can lower the interest rate on your $200,000 30-year mortgage from 6 percent to 3.5, over the life of the loan you’ll keep $100,000 that would otherwise have gone to your lender. Don’t have good enough credit or enough equity to refinance? If the White House has its way, there’s help ahead.

Mortgage Reform Needed Badly

The nation’s housing crisis is crippling our economy. So, what’s the government going to do about it? One idea is to reform the mortgage process, eliminating the ‘bad brokers’ more interested in making a commission than a responsible loan.