Category: Home Affordable Refinance Program

How to Save with the Mortgage Interest Tax Deduction

The average person that files taxes gets between three to four thousand dollars on their income tax returns. If you get less then it is important to figure out all the tips and tricks to rake it in when it comes to April 15th for tax season. One way would be to increase your deductions… Read more »

Michigan First Time Home Buyer Grant | Free $3000 MSHDA Credit for first time home buyers

**This program has expired – please visit No Down Payment Mortgage for other options.** Homebuyer Assistance and HARP Refinance Grant Programs Due to the National Mortgage Settlement, Michigan received $97.2 million for the purpose of creating the Homeowner Protection Fund and has created 2 new programs for the mortgage industry. 1. HOMEBUYER ASSISTANCE – $15 million… Read more »

Michigan HARP Lenders

Many homeowners are dealing with the reality of their home now being worth much less than what they currently owe on their mortgage. Unfortunately there aren’t a lot of options to help homeowners who are facing this problem, but luckily the HARP program was created. While there may not be many HARP lenders in Michigan,… Read more »

HARP 3.0 | Responsible Homeowner Refinancing Act

The Home Affordable Refinance Program or HARP has been utilized by many homeowners who were underwater on their mortgage. It allowed them to refinance their home regardless of the loan-to-value (LTV) ratio in most circumstances. Recently, two U.S.Senators reintroduced a bill that would extend the guidelines and reduce fees even more. The new bill was… 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 »

15 Year HARP Refinance

Many homeowners that have purchased their homes and have been paying their mortgage down payment after payment are unsure if they should refinance back to a 30 year mortgage. With the goal of someday retiring, starting up another 30 year mortgage may not be an option for your financial plan therefore you should look at… 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 »

Obama’s NEW Mortgage Program

During his State of the Union address, President Barack Obama announced a new refinance program, which would help “responsible” borrowers finding themselves in “underwater” situations to refinance their mortgages.  This could greatly benefit millions of homeowners, that is, as long as Congress allows the plan to pass on through, however at this point is up… Read more »