Archive for 'Refinance'

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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Is Now The Right Time?

To refinance or not to refinance? To buy or not to buy? These are two key questions everyone is asking these days. The answer is clearer today than 4 months ago when interest rates reached historic lows. when the federal reserve rolled out a plan to infuse $600B into the credit markets industry experts figured rates were likely to decline further, but with the Economy showing signs of strengthening and job ...

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Rates On The Move…12/7/2010

Whether you are looking to buy a new home or refinance your current mortgage, there are three new programs you can’t afford to ignore. Stay tuned for more information in the coming weeks…. 

This past week rates rocketed up from their all-time lows a month ago based on some “good” economic news in the US and positive developments in the ongoing European sovereign debt crisis that soothed markets and led investors to ...

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“Cash-In” Refinances & Interest Rates

We have all heard of “cash-Out” refinancing but are you familiar with “cash-in” refinancing?  With a “cash-in” refinance, you get to lock in today’s historic low rates by bringing the funds “out of pocket” needed to cover the difference between your mortgage balance and the maximum loan amount you can qualify for on your new mortgage loan.

While this isn’t a “new” concept, it is seeing renewed life in today’s mortgage market.  ...

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