Category: Refinance

FHA Streamline Refinance Update

It seems the Federal Housing Administration (FHA) is making its mortgage program (FHA Streamline Refinance) even more affordable. Allowing for hundreds of thousands of additional homeowners to reap the awesome benefits of today’s low mortgage rates. Their goal is to reduce the mortgage fees and mortgage insurances to all homeowner’s that qualifies. These lower fees… 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 »

FHA Streamline Refinance Premiums Dropping

There was a bit of speculation recently after an announcement from the Federal Housing Administration (FHA) stated their insurance premiums would be rising.  The speculation was that premiums regarding the FHA Streamline Refinance program would be dropping.  Well it seems that is the case.  Homeowners with mortgages backed by the FHA will now face premium… Read more »

Changes Coming to FHA Premiums

You know those nasty premiums that come along with mortgage loans?  Those ones that everyone hates to deal with.  Yeah, well I think you’re about to hate FHA (Federal Housing Administration) premiums even more.  FHA Acting Commissioner, Carol Galante, made an announcement regarding their current premium points.  It appears the “basis” points” will soon be… Read more »

Record Low Fixed Rates

Homebuyers have enough to stress over with everything that comes along with home hunting.  Selecting a realtor, inspections, bidding and everything else that comes into play means even more to put onto your plate.  Luckily, there is some good news for those of you looking to buy a home.  Specifically if you select a 30-year… Read more »

FHA Streamline Refinance no appraisal in Michigan

President Obama recently announced that a comprehensive package that will be placed which houses administrative actions and legislative proposals in order to help homeowners.  This is all in an attempt to support middle class families while also giving a boost to the economy.  We’ve got the facts regarding this housing market package in case you’re… 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 »