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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "refinance"

Helpful Tips For Home Owners Who Want to Refinance a Mortgage

Prior to now few months, more mortgage refinancing applications have been turned in for approval than ever before. This is due to a struggling economy, low dwelling interest rates, and new stimulus programs that make getting approved for mortgage refinancing simpler than ever before. However, many householders refinancing purposes are being denied as a consequence of simple, easily avoidable problems. Listed below are some things owners can do to help ensure that they get a mortgage refinancing approval without having to deal with denials or purposes being returned as incomplete. Many new mortgage refinancing options now exist for nearly any homeowner. These choices exist because of the Obama housing stimulus plan, and since mortgage lenders and banks do not want to deal with extra houses that will be lost to foreclosure … Read entire article »

Filed under: Mortgage Refinancing

Refinance your mortgage with the help of the government- Harp Program

Article by giovanni lambrusco Maybe you didn’t get a refinance with a traditional refinance bank, because the value of your home has decreased? Or maybe you owe more on your mortgage than your house is worth? Then the Home Affordable Refinance Program (HARP) may help you to refinance your mortgage. Many homeowners try to refinance their mortgage but are failing for many reasons. Whether you watch the financial news on CNBC or Bloomberg TV,  I’m sure you’ve heard about the existance of certain government programs aimed at helping home owners who cannot take advantage of cheap mortgage rates, just because they don’t qualify to refinance their mortgage. This “HARP loan program” is a great chance for property owners with mortgages owned by either Fannie Mae or Freddie Mac. Are You Considering Re-Financing? Homeowners who … Read entire article »

Filed under: Debt Relief, Mortgage Refinancing

Importance of Home Affordable Refinance Program Rates

The government and private companies have introduced harp program which help the people to deal with negative equity using good home affordable refinance program rates. There are many people who are unable to pay their mortgage. The reason behind it can be their unemployment, loss in business, high inflation or any other unexpected reason. Due to all these reasons people face bad credit history. Looking at this condition of the people the term refinancing was introduced. It is the term in which the borrower decides to pay his current loan through the new loan plan. Harp program is a key solution to the people who face negative equity. The harp stands for home affordable refinance program. This program has been serving people since so long. This program includes many different factors. Interest … Read entire article »

Filed under: Mortgage Refinancing

The Home Affordable Home refinance Program

Article by Pepple Holli Many homeowners try to remortgage their mortgage but aren’t succeeding for many factors. Whether you enjoy the financial media on CNBC or Bloomberg Tv set, or listen to your neighborhood radionews, I’m sure you’ve heard about your existance of government packages aimed at helping homeowners who cannot take full advantage of low mortgage rates, simply because don’t qualify to re-finance their mortgage. This specific “Harp loan program” is a fantastic chance of property owners with home loans owned by either Fannie Mae or even Freddie Mac. Maybe you failed to get a refinance using a traditional refinance traditional bank, because the value of your house has declined? Or you owe more than industry price of your house? Then this Home Affordable Remortgage Program (HARP) may help you to … Read entire article »

Filed under: Mortgage Refinancing

Home Refinance Program Guidelines

It is suggested you gain the benefits provided through Making Home Affordable Program which is support with the federal government, and reorganize your present mortgage loan to make it more reasonable to pay back. The Making Home Affordable Program consists of two major parts: The Home Affordable Modification Program (HAMP) This alternative makes it achievable to reorganize or modify your obtainable mortgage loan, and make it additional reasonable to pay back with reducing the monthly repayment amount and/or lengthen the loan repayment time or the loan term. The Home Affordable Refinance Program (HARP) The HARP mortgage refinancing alternative supports the refinancing activity that makes it likely to modify your obtainable mode of mortgage rate of interest, and make your repayment alternatives simple to provide. One has to turn out to be qualified, or eligible … Read entire article »

Filed under: Mortgage Refinancing

Home Affordable Refinance Program: Helping the Under-Water Homeowner

Article by Bret Pippen The Home Affordable Refinance Program also referred to as “HARP,” helps homeowners refinance their mortgage who otherwise might not qualify. If you’re current on your mortgage payments, but your home’s value has fallen to a point you owe more than your home is worth, this program may help. Current market conditions have slammed home values especially hard. And, many responsible homeowners have been unable to get traditional refinancing. HARP is designed to help by providing eligible homeowners with more affordable, stable mortgages. The Home Affordable Refinance Program is part of the federal government’s “Making Home Affordable” initiative. According to President Obama, the goal of HARP is “to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices.” By refinancing, responsible homeowners may improve their financial positioning. The … Read entire article »

Filed under: Mortgage Refinancing

HARP Loans For Underwater Homeowners To Refinance Into Lower Mortgage Rates

Article by Karan Agarwal For much of the past year, mortgage rates have been at or near record low points. Unfortunately, many homeowners have been unable to take advantage of these rates due to declining home equity. Many homes have lost significant amounts of value since the housing market peaked in 2006. As a result, many homeowners now owe more on their mortgage than their home is worth (this condition is known as being “underwater” or “upside-down” on one’s mortgage). Homeowners who lack equity in their homes are frequently unable to meet the loan-to-value (LTV) ratios required by lenders in order to refinance their mortgages. These borrowers may be missing out on thousands of dollars worth of savings. In response to this situation, the government created the Home Affordable Refinance Program (HARP). … Read entire article »

Filed under: Mortgage Refinancing

Home Affordable Refinance Rates Offer Mortgage Relief

With the advent of Obamas making home affordable program, many lenders have made its guidelines a part of their business practices. Bad credit mortgage refinance are loans approved for people with any type of credit to not only avoid foreclosure but also to make ready cash available for their emergency needs. With the advent of Obamas home affordable refinance program, many lenders have made its guidelines a part of their business practices. Bad credit mortgage refinance are loans approved for people with any type of credit to not only avoid foreclosure but also to make ready cash available for their emergency needs. Comparative information on mortgage refinancing rates can be easily got thru free quotes from many companies on the internet. Just make sure they are accredited by reputable national organization … Read entire article »

Filed under: Mortgage Refinancing

Debt Settlement vs Mortgage Refinance? Advantages and disadvantages

When individuals are faced with a mountain of debt, they could consider bankruptcy, debt counseling, debt negotiation, or refinancing mortgage Home mortgage refinancing seems like a great option when personal credit card debt appears to be insurmountable. Yet you should be aware of good, the bad, and also the ugly of refinancing while also comparing it to debt consolidation. Many people go through the concept of refinancing their mortgage to repay high interest personal credit card debt like a no-brainer. The truth is, taking 10K of credit debt with 15, 20, or 25% interest levels and turning it into a low interest mortgage has its advantages. However the decision isn’t really easy, as others might believe. Rather, it’s a serious matter that needs a large amount of attention. For those who have … Read entire article »

Filed under: Foreclosure Help

Making Home Affordable Program and His Refinance Part

The making home affordable program consists of two main parts: the home affordable modification program (HAMP) and the home affordable refinance program (HARP). The difference between HAMP and HARP Between those two variants there are no many differences. They are both about making the monthly payments affordable for the house owner in order to avoid foreclosure. HAMP will realize this through the modification of the interest rate and/or extending the loan repayment time. Harp will use refinancing as a tool to reduce mortgage interest rate. Home affordable refinance plus program may sometimes consist in a second mortgage when the equity is big enough. How does HARP work in practice? As you may know, when it comes to practice a lot of paperwork brake social programs from its straight course. Home affordable refinance application process did … Read entire article »

Filed under: Mortgage Refinancing

What Is The Home Affordable Refinance Program or What is HARP 2.0?

According to the Wall Street Journal, approximately 23% of US homes are underwater – meaning the homeowner owes more than their home is worth. The percentages vary widely state-by-state. For expample47.9% of Arizona mortgages were estimated to have negative equity, along with 34.7% of California mortgages and 19% of Colorado mortgages. These days number one question clients are asking right now is what is the HARP program? The Home Affordable Refinance Program, or HARP 2.0, is the new government-sponsored, no appraisal, home mortgage refinance program for underwater home mortgages. The HARP program is available for Fannie Mae and Freddie Mac owned mortgages that were originated prior to June 1, 2009. You can check eligibility at www.HARPtool.com The original Home Affordable Refinance Program was limited to 125% loan-to-value. The 2.0 version of the HARP program … Read entire article »

Filed under: Mortgage Refinancing

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