Tag: mortgage 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 »

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 »

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 »