HARP 2 Guidelines for Refinances Appraisals Waived Alameda

On November 1, 2011, in HARP, Video, by Wendy Werdmuller

Direct Link http://www.youtube.com/user/RealEstateBuzzz?feature=mhsn#p/a/u/0/FQw1fPRZuLM The big news this week is HARP. THE Home Affordable Refinance Program has been “re stringed” HARP was designed to assist distressed borrowers who are current on their mortgages but “underwater” meaning they owe more than their home is worth. It’s no surprise several studies identified these borrowers as being likely to [...]

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS

On October 4, 2011, in Mortgage News, Real Estate, by Brendan Fontaine

HUD No. 11-215 Shantae Goodloe (202)-708-0685 FOR RELEASE Wednesday September 14, 2011 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS Foreclosure protection offered to displaced families in three counties WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State Of Maine and provide support [...]

FHA refinances still a great option for Rhode Islanders.

On September 30, 2011, in Tips And Advice, by Lynda Mckenzie

Rhode Island homeowners who are looking to refinance, FHA is still a great option.  In today’s real estate market when property values are decreasing in most areas, FHA mortgages remain a viable option for many Rhode Island homeowners.     MAXIMUM CLTVs FOR FHA REFINANCE TRANSACTIONS    Rate and Term (or No Cash Out) Refinances       97.75%       Refinances [...]

How Many Times Can You Refinance A Mortgage?

On August 9, 2011, in Mortgage Programs, by Anna Platz

Homeowners often ask how many times they can refinance a mortgage loan. The short answer? There is no set limit to the number of times you can refinance the mortgage for a single property. If interest rates steadily drop lower and lower it’s not uncommon to see homeowners go through a series of no cost [...]

Refinancing your FHA Home Loan in Maine.

On June 2, 2011, in Mortgage Programs, Tips And Advice, by Seth Jacobs

Maine House hunters who purchase a Maine Home with an FHA mortgage loan may eventually decide to refinance the home to get a better interest rate, lower payments or to take advantage of the equity built up in the home. Maine homeowners are curious about FHA cash-out refinancing options–does the FHA allow a cash-out refinancing [...]

Three Refinance Loans That Could End Up Costing You More Money

On May 25, 2011, in Mortgage Programs, by Anna Platz

Most homeowners refinance their mortgage with the purpose of saving money. They are trying to achieve a lower monthly payment, or long term interest savings with a lower mortgage rate. Still, when considering a refinance it is important to carefully compare the new loan with your existing mortgage to see whether you will truly save. [...]

Can I Qualify For A VA Refinance If I Currently Have A Conventional Loan in San Francisco?

On May 13, 2011, in Tips And Advice, VA Loans, by Wendy Werdmuller

With home values still declining in the Bay Area many homeowners cannot take advantage of today’s low rates on a home mortgage loan refinance. Values in the Bay Area are still declining and we see appraisal issues quite often when refinancing properties in San Francisco, Oakland and Alameda. If you are an eligible veteran or [...]