fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

Over 3 Million Refinance Candidates -Black Knight

Monday, July 6, 2015

Despite years of low interest rates an estimated 6.1 million homeowners could still both qualify for and benefit from a traditional refinance according to Black Knight Financial Services.  Its Mortgage Monitor based on May data, said over 3 million borrowers could save at least $200 a month by refinancing their existing mortgage and over half a million could save $500 or more.  The average savings would be $250 per month.  An additional 450,000 borrowers are thought to be eligible for a HARP (Home Affordable Refinance Program) refinance at an average savings of $300.  That program has been extended through the end of 2016.


Read Full Article


"I very much appreciated Midwest Family Lending walking us through all of the steps we needed to take along the way. For us much of the process was like a foreign language and they helped lead us and teach us along the way. Appreciate their experience and industry knowledge, which In an industry like real estate with many types of loans, potential issues with property, the city or county and financial institutions, and many other matters that can crop up, makes this so important. The wealth of experience that Midwest Family Lending has is very much needed to see complex situations/ projects through to completion. Highly recommend!"
Cheryl K.