How Does HARP 2.5 Sound?
For the past couple years now, there has been a big push for a so-called HARP 3.0, which would essentially open the door to private-label… Read More »How Does HARP 2.5 Sound?
Refinance
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
There are many reasons to refinance a mortgage, but it usually boils down to wanting a lower interest rate or the desire to tap home equity.
Those who simply want a lower rate (or a different loan program) go with a rate and term refinance.
And those who want to tap equity go with a cash out refinance, which can also result in a lower mortgage rate if the timing is right!
There is also the streamline refinance, which makes it easier to refinance your home loan thanks to fewer paperwork requirements, even if your property value has declined.
I’ve also written a thorough article on the the mortgage refinance process, step-by-step, which is a must-read as well.
Check out those in-depth articles or browse the latest refinance-related posts below to learn more about the process!
HARP May Be Expanded and Extended to Promote Mortgage Refinancing
There’s been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing
New Petition Urges Mortgage Re-HARPing
Well, file this one under “was bound to happen,” or, “was only a matter of time.” A clever guy by the name of Marcus J.… Read More »New Petition Urges Mortgage Re-HARPing
Mortgage Rates Not as Low as They Could Be
A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such… Read More »Mortgage Rates Not as Low as They Could Be
HARP Refinancing Takes Off Thanks to New Guidelines
As a result of recent enhancements, and perhaps ultra-low mortgage rates, the Home Affordable Refinance Program has actually made a meaningful impact. Last month, there… Read More »HARP Refinancing Takes Off Thanks to New Guidelines
New Refinancing Program for Loans Not Owned by Fannie or Freddie
Yet another mass refinancing program has been proposed, this time by Oregon Senator Jeff Merkley. His program, “The 4% Mortgage: Rebuilding American Homeownership” (RAH), is… Read More »New Refinancing Program for Loans Not Owned by Fannie or Freddie
Facebook Founder Mark Zuckerberg Has a 1% Mortgage
It’s always interesting to see what the rich and famous are doing, right? Heck, celebrity magazine Us Weekly features a section called “Just Like Us,”… Read More »Facebook Founder Mark Zuckerberg Has a 1% Mortgage
Obama Hasn’t Refinanced His Mortgage in Seven Years
Despite a push to allow more Americans to refinance their mortgages (Harp 2.0), the Obamas haven’t taken the time to refinance their own, according to… Read More »Obama Hasn’t Refinanced His Mortgage in Seven Years
Do I Qualify for the National Mortgage Settlement?
In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back… Read More »Do I Qualify for the National Mortgage Settlement?
Bank of America Has a Waiting List to Refinance
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has… Read More »Bank of America Has a Waiting List to Refinance