Archive | refinancing RSS feed for this section

FHA Lowering Refinancing Costs

icon: what?!

So, my last post was about how the FHA home loan program is getting more expensive for people buying houses. So why not follow up with a post about how FHA is going to get cheaper for refinancing? Wha-Wha-What?! Yep. But don’t take my word for it. Try this from CNNMoney, published March 6th, 2012: [...]

Leave a comment Continue Reading →

HARP home loans: help is on the way…eventually.

picture: Merry Christmas

I got an internal email today that had some information I wanted to share with you about the upcoming changes to HARP loans. The HARP loan is Fannie & Freddie’s way of minimizing the risk that you will walk away from your underwater mortgage. In short – I was right :-) When the changes were [...]

Leave a comment Continue Reading →

Refinancing – Freddie Mac’s LP Open Access

picture: world upside down

Refinancing for homeowners who are upside-down on their mortgage is a hot topic lately. The FHFA just announced some changes to HARP loans a few days ago, which I covered in a previous post. I have already written about Fannie Mae’s HARP program for homeowners who owe more than their house is worth. Now it’s [...]

Leave a comment Continue Reading →

Refinancing – Updates to HARP

picture: donkey radio announcer

Refinancing you home loan is no mean feat these days. Your income and credit must meet qualifying criteria. Then, there’s the appraisal. Du-Du-Duh! Obviously, home values aren’t what they were. That makes it difficult for homeowners looking to refinance and take advantage of the redonkulously low interest rates available. That’s why the government invented the [...]

Leave a comment Continue Reading →

Refinancing – Fannie Mae DU Refi Plus

picture: Olympic Flag

Refinancing to a lower interest rate is something of a conundrum for many homeowners in the current Real Estate market. As you are well aware, home values continue to slump in many areas of the Portland – Hillsboro – Vancouver MSA. To quote mortgage ads that make me cringe, interest rates are at historically low [...]

Leave a comment Continue Reading →

Refinancing | FHA Streamline Refinance

picture: rotating tesseract

Awhile back I did a video about the FHA streamline refinance program: The FHA Streamline Refinance – Changing With The Times Changes are inevitable in the mortgage industry, and the FHA Streamline Refinance program is not exempt from those changes. In the video (link for mobile), I said you might not need an appraisal for this [...]

Leave a comment Continue Reading →