Question by Chef Jack: is assuming a mortgage considered a refinance? my wife and I are considering buying a property. there is an assumable existing VA with a payoff of 85,500. The purchase price of the property is 181,500. I only have about 6000 to put down, how can I finance the remaining balance of [...]

Mortgage Refinance Applications Decrease Despite Decline in Rates RISMEDIA, September 30, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending September 24, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8% on a seasonally adjusted basis from… TheTruthAbout… Read more on RISMedia Real Estate [...]