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  2. With many mortgage lenders, you can apply for a mortgage online and complete the process in 45 minutes or less — if you have all of your information ready beforehand. That’s a big if, of course.

  3. Should you apply for a mortgage online? - AOL

    www.aol.com/finance/apply-mortgage-online...

    Convenience – With an online mortgage application, ... Many will allow you to get a mortgage rate quote online before you apply. Keep in mind that rates change daily, and your credit score can ...

  4. Refinancing your ARM into a fixed-rate mortgage - AOL

    www.aol.com/finance/refinancing-arm-fixed-rate...

    Ability to afford closing costs: Refinance closing costs cost anywhere from 2 to 5 percent of your mortgage principal. That means, for a $300,000 mortgage, you may pay $6,000 to $15,000 in closing ...

  5. Home Affordable Refinance Program - Wikipedia

    en.wikipedia.org/wiki/Home_Affordable_Refinance...

    Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume the homeowner owes $120,000 on the mortgage. In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance.

  6. Loan modification vs. refinance: Which option is best for you?

    www.aol.com/finance/loan-modification-vs...

    A mortgage refinance involves swapping your current loan with a new one, typically with a different rate, term or both. Loan modification A loan modification is a form of relief for borrowers ...

  7. How many mortgage lenders should I apply to? - AOL

    www.aol.com/finance/many-mortgage-lenders-apply...

    Gather documents for your application. When you apply for a mortgage, you’ll provide the lender with information about your employment history, income and any assets and debt you have ...

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