HARP refinancing beat 2012 estimates with nearly 1.1 million loans closed last year. Fannie Mae and Freddie Mac released a report for the Federal Housing Finance Agency confirming last year totaled nearly half of the 2.2 million loans completed since the HARP program was announced in 2009.The majority of homes were primary residences with 1.89 million… Read more »
Category: Refinance
FHA MORTGAGE INSURANCE PREMIUMS TO GO UP APRIL 1ST!
Unfortunately, FHA has recently announced some change to the FHA mortgage insurance premiums for all new FHA loans starting April 1, 2013. It just seems as if FHA continues to raise the mortgage insurance premiums to try to get it back in line so the program remains self funding. Unfortunately, the reason behind these changes… Read more »
UNLIMITED LTV FREDDIE MAC HARP REFINANCE IS HERE!
Unlimited LTV Freddie Mac HARP refinancing through the Open Access Refinance Program. HARP Open Access assists borrowers who are making timely mortgage payments, but have been unable to refinance due to declining home values. The program helps home owners to better their financial positions for successful, long-term, home ownership. The program has recently been adjusted to allow… Read more »
WHAT TO EXPECT FROM MORTGAGE AND HOUSING in 2013
Here we are already into the halfway point of February. My how time flies when you are having fun. Now that we have one and half months of data we can start to figure out what is going on in the 2013 housing market. Are we picking up steam or are we losing ground. This… Read more »
MORTGAGE STEALTH STIMULUS | COMPLIMENTS OF FANNIE, FREDDIE AND THE OBAMA ADMINISTRATION
The Obama Administration is planning to launch yet another mortgage refinance program in the new year. This program is going to target subprime borrowers, who are current on their loans but underwater with these loans, extending government support to the mortgage market to yet another borrower group. The timing raises the question of why this… Read more »
THE FISCAL CLIFF AND MORTGAGE RATES
EXPERTS CONCERNED ON WHAT FISCAL CLIFF MEANS FOR MORTGAGR RATES We can’t get through the end of the year without more drama coming from Washington and there more financial market drama. The talk of the Fiscal Cliff has put shock waves in the markets and caused much uncertainty. Whenever there is financial uncertainty rates start… Read more »
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 »
Top 3 Reasons to Refinance your Mortgage
Are you ready for a change? Are you looking for a reason to refinance your home? Well below is a list of the Top Three Reasons why you should refinance. As your income and lifestyle changes over time it is important to have a home loan that is consistent with your financial situation. 1. Refinance… Read more »

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