Refinance Your Home Without an Appraisal Soon, homeowners will be able to refinance their homes without an appraisal! Beginning December 10th 2016, Fannie Mae will offer an Enhanced Property Inspection Waiver (PIW) for ONE-IN-FOUR transactions. What is a Property Inspection Waiver? A Property Inspection Waiver is Fannie Mae’s offer to waive the requirement for an… Read more »
Considering home renovations, debt consolidation or just need to get some cash in hand? A Cashout Refinance Mortgage may be the right fit for you. You can actually refinance your home mortgage for more than you owe and cash out the difference. It may seem like an easy way to get extra cash, but here’s… Read more »
Want to save money on your mortgage? Refinancing might be the best way to take advantage of the historically low rates. Depending on your goal, make make great financial sense to refinance your mortgage. Here’s what you need to know to make the best decision. Benefits of Refinancing your Home Loan Before you refinance your… Read more »
If you are a person that plans for the future then you most likely have given thought about paying down your mortgage. For many families, your mortgage is the largest debt you have above car loans, student loans, credit cards and personal loans. You should put an equal amount of focus on paying off this… Read more »
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 »
The feds have just announced that they will be keeping the Federal Reserve rates low until 2014. In the past they announced that rates would remain low until the middle of 2013, which helped the market confidence and ensures recovery. The recovery has been present however it has not been as “booming” as economic analysts… Read more »
There has been some exciting news which was recently released by Fannie Mae and Freddie Mac. These two government agencies who help support the housing financial system, have announced that they are loosening some of the guidelines on their popular Home Affordable Refinance Program also known as HARP. This ultimately means that it will be… Read more »
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