The sign on the property for sale in Somerville, Massachusetts reads, ‘ ‘ buy this House I’ll Buy You for Cash ‘ ‘, October 25, 2010.
However with tough standards and more people in home-equity due to the housing slump, it’s hard to get the best price. There are several ways to increase your odds and revamped Government program may help, but You have to jump through some hoops to sweeten your loan application.
Because there are not too many home buyers around, about 80 percent of mortgage refinancing activity is, according to the Mortgage Bankers Association. But up to half of those registered for refis may qualify, according to an online lending exchange, LendingTree.com.