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Refinance Program Expands

In my September 2011 post titled “What We Are Hearing,” I mentioned that the Obama Administration was contemplating major refinancing programs and other incentives to keep homeowners who have either no or negative equity (underwater) in their homes. The Administration announced changes to the current HARP program that may be beneficial to you, your friends and/or your clients.

Home Affordable Refinance Program – HARP:
Under this plan, homeowners with loans backed ...

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It’s Finally Here . . .

Rates:
Rates continue to hit record lows driven by the Fed’s announcement last week that it would load up on purchases of long-term government bonds and mortgage securities. The extra demand was intended to drive down long-term interest rates, including those for home loans — and it seems to have worked temporarily. See latest rates below.

Building relationships with our clients is a cornerstone of Trulending Mortgage. By using facebook, Twitter ...

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What We Are Hearing . . .

We are hearing from sources that the Obama Administration has gathered with industry experts and is considering options to help stabilize the housing market and stimulate the economy. The Administration appears to be realizing that major refinancing programs and other incentives are needed to keep homeowners who have either no or negative equity (underwater) in their homes. At this point, some of this information is purely speculative. Some of these ...

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Mortgage Rates Plunge

It is certainly a small consolation but the stock market dive has also resulted in low mortgage rates not seen since November of last year. Call us for a pre-approval or refinance of your current mortgage and we will do all in our power to get your loan approved and funded while the rates are this low. On average, our turn time from application to funding is 20 days. Below ...

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Energy Efficient Mortgages….

Before we delve into Energy Efficient Mortgages (EEMs), I want to briefly highlight our service, competitive rates & fees. Due to strict new Loan Officer compensation and regulatory rules, many lenders suffered a 66% drop in profitability in the first quarter pushing them to drastically reduce staff and costs to remain profitable. We continue to follow our strong business model of keeping overhead costs extremely low and in turn passing those ...

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