Category: Refinance

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 »

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 »

Should I refinance? How does a refinance work?

Are you thinking about refinancing? Chances are if you have not refinanced in the last year, you could be missing out on some significant financial savings on your mortgage payments. Interest rates are at record lows and there’s a good chance we won’t see them any lower in the future. Not only are the rates… Read more »

2012 Setting Record lows for Mortgage Rates

Mortgage rates are setting new records for all-time lows. For the seventh time in eight weeks, we are seeing record low mortgage rates. According to Freddie Mac’s weekly survey, the average prime offer rates for 30-year fixed mortgages are at a 3.66% rate, which is down from last week’s average rate of 3.71% rate.  Currently,… Read more »

FHA Streamline Refinance

What’s the point in earning money if it just gets thrown towards outrageous bills like that of your mortgage? Well thankfully there is something that is here to help you out. The FHA (Federal Housing Administration) Streamline Refinance program has been around for a little while now and it has manifested itself into one of the more popular… Read more »

FHA Streamline Refinance Saves Homeowners Money

The FHA Streamline Refinance (Federal Housing Administration) program has been saving homeowners money on their mortgage payments for years allowing them to reduce their rate without appraisal however the new update will help to save even more. There are plenty of homeowners out there that could tell you exactly how much they were able to save. Well… Read more »

FHA Streamline Refinance Changes

I’m sure I don’t really need to go over the drastic changes our housing market has witnessed over the past few years so I’ll just limit this blog to the ever expanding hope on the horizon for homeowners. At least for those of you who have found yourselves in quite a sticky situation in regards… Read more »