Tag: obama

Obama’s HARP 3.0 Proposal

Posted on May 17, 2012 by - Home Affordable Refinance Program, Local Michigan, Refinance

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 »

Obama Increasing Down Payment Required for a Mortgage

Posted on February 22, 2011 by - Home Affordable Refinance Program, Local Michigan

Thousands of people agree that the down payment for buying a home should be increased.  Today, if you are in the market to purchase a home you may not even need a down payment if you are able to qualify for a USDA Rural Housing Mortgage or VA Loan.  Most other qualified borrowers have the… Read more »