Category: Home Affordable Refinance Program

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 »

Affordable mortgage refinance through HARP

In conventional mortgage refinance, you should have substantial equity in your home, in order to become eligible for mortgage refinance, but the Home Affordable Refinance Program (HARP) has been aimed at helping the homeowners to refinance their mortgages even if their outstanding balance is more than the current market price of their home. This particular… Read more »

Home Affordable Refinance Program Updates

There has been some exciting news which was recently released by Fannie Mae and Freddie Mac.  These two government agencies who help support the housing financial system, have announced that they are loosening some of the guidelines on their popular Home Affordable Refinance Program also known as HARP.  This ultimately means that it will be… Read more »

Obama Increasing Down Payment Required for a Mortgage

Thousands of people agree that the down payment for buying a home should be increased.  Today, if you are in the market to purchase a home you may not even need a down payment if you are able to qualify for a USDA Rural Housing Mortgage or VA Loan.  Most other qualified borrowers have the… Read more »

Government seeks phase out of Fannie and Freddie

The talking heads have been weighing in on a new report that came out today by the Treasury Dept.  This report is called the “White Paper”.  The White Paper report is going to be given to your elected officials so that they can figure out how to get the pseudo-government entities of Fannie-Mae and Freddie-Mac out of the mortgage business.  The government wants to lower… Read more »