Archive for 'Mortgage Rates'

Everybody Loves These Loan Programs

We wish everyone a happy and properous 2013. As we approach spring home buying season and interest rates continue to trend higher, the following programs may be beneficial to you or your friends & family. Some of these programs were specifically designed for those who don’t have 20% down for purchasing a house, currently own a house or investment property that you want to refinance but don’t have enough ...

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Historic Housing Market and Mortgage Rates

Clearly the housing market is turning around as prospective homebuyers are taking advantage of close to record-low mortgage rates and lower home prices, encouraging signs the industry is healing after a multiyear slump. Solid gains in employment, easier access to credit and a reduction in foreclosures will be key to boosting the rebound allowing housing to become a major contributor to economic growth. The median price of an existing home ...

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Refinance Program HARP 3.0?

The buzz on Capitol Hill is that Congress is considering a bill dubbed “Responsible Homeowner Refinancing Act of 2012” – HARP 3.0. The bill is designed to streamline the refinancing process for underwater homeowners on mortgages held by Fannie Mae and Freddie Mac. HARP 3.0 may never pass but at least “faster and less expensive” refinances for stressed homeowners are still on the radar ...

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Credit Inquiries and FICO Scores

Can credit inquiries hurt FICO scores? The short answer is yes. Racking up large numbers of inquiries can lower your score. The FICO models consider them significant because extensive behavioral research has shown that consumers who are seeking new credit accounts are riskier and more prone to defaults. Statistically, people with six or more inquiries on their credit reports can be up to eight ...

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Refinance Program HARP 2.0 is Here….

The cornerstone of Trulending Mortgage is a fierce commitment to integrity, service and expertise and these core values have, thankfully, resulted in client relationships for life. Please visit our testimonial section to see what our customers are saying;

HARP 2.0 (Home Affordable Refinance Program):
Finally, this past week Fannie Mae and Freddie Mac released the much anticipated guidelines for HARP 2.0. ...

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