Tag: mortgage refinance

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 »

Michigan FHA Streamline Refinance

Owing more on your mortgage than your house is worth is a common problem in Michigan.  After the economy took a downturn only a few years back, property values have plummeted.  The U.S. federal government has recently announced programs to help people refinance their mortgages that are owned by Fannie Mae and Freddie Mac.  This… 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 »