Mortgage Options

Extension of HARP 2.0 Program Till 2015 Cause More Lenders to Participate in Stabilizing the Housing Situation

Extension of HARP 2.0 Program Till 2015 Cause More Lenders to Participate in Stabilizing the Housing Situation

Homeowners, Troubled With The Fact That Their Home Value Is Much Lower Than The Value At Which It Was Purchased, Can Still Hope For A Refinance With HARP 2.0 Program. Normally, Finding A Lender Ready To Refinance An Underwater Home Is Improbable. This Is Exactly Why Refinancing Through HARP Becomes An Unique Opportunity Borrowers with […]

HARP Mortgage Lender Reports Washington HARP Refinance Remains A Great Refinance Solution for Underwater Homeowners

HARP Mortgage Lender Reports Washington HARP Refinance Remains A Great Refinance Solution for Underwater Homeowners

With the deadline for the Home Affordable Refinance Program (HARP) drawing near, underwater homeowners are taking advantage of this unique program before December of next year. With just a little over a year and a half left, and a push in hopes for HARP 3.0 to go into effect, FHFA HARP Refi activity reports are […]

How do I Qualify for USDA 502 Home Loan Program?

How do I Qualify for USDA 502 Home Loan Program?

by Ron White, Demand Media A United States government-supported program can help you buy a home in you live in a rural area. The Section 502 Loan Guarantee Program, administered by the U.S. Department of Agriculture (USDA), guarantees home loans to households if they cannot obtain loans through typical mortgage programs and qualify under rules […]

What is an FHA Loan?

What is an FHA Loan?

by Anisha   Whether you’re a first-time homebuyer, or need to refinance, an FHA loan usually comes up on the docket as an option. But what, precisely, is an FHA loan, and is it the best course of action for your financial circumstances? How do you know if you qualify? Here is a quick guide to […]

Are Subprime Loans Making A Comeback?

Are Subprime Loans Making A Comeback?

by Aaron Janus   Subprime loans make it possible for many homeowners to qualify for a mortgage and buy a home. In 2005, subprime loans also triggered a housing bubble that we are still feeling the effects of for nearly the last decade. Subprime loans are made to borrowers who are highest risk: either they […]

HARP 2.0 – Home Affordable Refinance Program

HARP 2.0 – Home Affordable Refinance Program

Refinancing, Even for Underwater Mortgages By Justin Pritchard The Home Affordable Refinance Program (HARP) is an initiative designed to help homeowners refinance their homes. HARP 2.0 is the second attempt at getting the program off the ground, after limited success on the first attempt. Homeowners were previously only able to refinance with a loan to […]

USDA Home Loans

USDA Home Loans

  USDA Home Loans allows 100% financing for a home purchase, or refinancing in a USDA designated rural area. These home loans are guaranteed by the United States Department of Agriculture and must meet guideline requirements. Home loan eligibility is based primarily on income and the property you are choosing to purchase. USDA Guidelines: Purchase or streamline refinance […]

Fix Your Interest Rate with an FHA Streamline Refinance

Fix Your Interest Rate with an FHA Streamline Refinance

By B Wood   Many homeowners are still stuck in an adjustable rate mortgage (ARM) loan. These loans can be extremely risky because they can go up at any time. Families that have budgeted for a specific loan amount could find themselves strapped for cash if their interest rate and monthly payment goes up. An […]

The Basics of Subprime Mortgages

The Basics of Subprime Mortgages

By E Singer   Unless you’ve been living in seclusion for the last twenty years, then you’ve probably heard of subprime mortgages at some point. But what is subprime lending and who are these loans meant for? How do these types of loans work? Moreover, what is the relationship between subprime loans and the financial […]

HARP 2.0 May Soon Run Its Course

HARP 2.0 May Soon Run Its Course

By E Singer   Rising home values are poised to offset the usefulness of HARP 2.0 as the program is scheduled to come to an end on Dec 31st 2015. This makes the need for HARP 3.0 all the more important in order to service all of those who have still been unable to refinance. […]

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