Tag: home affordable refinance program

How to Refinance a Home Loan

Want to save money on your mortgage? Refinancing might be the best way to take advantage of the historically low rates. Depending on your goal, make make great financial sense to refinance your mortgage. Here’s what you need to know to make the best decision. Benefits of Refinancing your Home Loan Before you refinance your… Read more »

Top 9 HARP Refinance Myths for Fannie Mae and Freddie Mac Home Loans

With over 2.9 million homeowners refinancing with the Home Affordable Refinance Program (HARP), there are still many people that are not taking advantage by refinancing their homes. There is a variety of reasons in which these homeowners are choosing not to drop their home loan rates with a mortgage refinance. Many of these reasons are… Read more »

FHFA EXTENDS HARP REFINANCING THROUGH 2015

The Home Affordable Refinance Program (HARP) has been extended again and will no longer expire on the original date of December 31 of 2012. Federal Housing Finance Agency (FHFA) has announced the extension of the program designed for homeowners that have been unable to refinance due to their underwater mortgages. The extension was announced to continue the… Read more »

Bank or Broker for a HARP Mortgage Refinance?

Many people have the misconception that to qualify for the Home Affordable Refinance Program they must contact their current servicer to refinance when they are underwater.  This is not the case.  While your current servicer or bank may be able to offer one option to drop your payment, many times they do not offer the… Read more »

Obama’s HARP 3.0 Proposal

The Home Affordable Refinance Program (HARP), which was originally proposed by President Obama, may be expanded for the third time.  The program has been in effect for a while now and it seems as if it may undergo yet another transformation to help additional homeowners refinance. Our previous blog post covered the transition to HARP… Read more »

Obama’s Plan to Help Responsible Homeowners

The U.S. housing market has encountered its fair share of struggles over the past few years.  Luckily it seems things are beginning to turn around and hopefully President Obama’s plan will help boost the turn around time.  What exactly does the President have planned for our housing market and will it actually work?  Obama and… Read more »

Fannie Mae and Freddie Mac Loan Lookup Tool

The Home Affordable Refinance Program (HARP) is a great opportunity for those homeowners who have found themselves in a sticky situation.  Anyone who is in an “underwater” situation with their mortgage, HARP was developed to solely help those people.  With extremely “relaxed” guidelines, it’s possible for the majority of homeowners to take full advantage of… Read more »

HARP UPDATES March 2012

We’ve lightly discussed the Home Affordable Refinance Program (HARP) on this blog in the recent past.  To freshen up your mind, HARP was instated to allow for those homeowners who are currently “underwater” to potentially refinance and get themselves into stress-free position regarding their mortgage rates.  HARP is beneficial to countless homeowners but that number… Read more »