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One thing you never really think about are other housing markets. By this I mean markets located throughout the world. For the longest time the only market on everyone’s radar was of course the housing market in the United States. As time progresses though, we begin to see news of other markets come to the… Read more »
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Category: Local Michigan
News and Updates in our home turf Grand Rapids, MI.
January 2012 Jobs Report
The butt of many jokes and a lot of stress in the recent past has been the economy and the unemployment rate. It was feared we were beginning to slip in our own “great depression” for a moment there. Good’ole American ingenuity pulled through though! Now yes we’re still in a slump when you compare… 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 »
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 »
Fed Rates to be Low Until 2014
The feds have just announced that they will be keeping the Federal Reserve rates low until 2014. In the past they announced that rates would remain low until the middle of 2013, which helped the market confidence and ensures recovery. The recovery has been present however it has not been as “booming” as economic analysts… 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 »
Finding the Right Home for You
In the last article of our series for homebuyers we went over how to establish an actual dollar amount of what type of home you can not only afford, but will fit into your monthly budget. This is possibly the most difficult part for first-time homebuyers though. Attempting to select one home out a list… 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 »
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