Posts Tagged 'harp 2.0'

Refinancing Still an Option for Some

If you have been unable to refinance during the past 5 years due to a lack of equity, you may be able to do so now due to increases in home values over the past several years. Home prices in California rose in the past 12 months through August by the most in more than seven years helping boost owner equity.

Recently we refinanced several of our clients who, in the ...

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Market & Product Update (March 07, 2013)

The US housing market is in the midst of a robust recovery aided by low interest rates, pent up demand, an increase in cash buyers, low inventory and rising prices. It’s the perfect combination of factors we haven’t seen in a very long time. Home prices are up 14% in California and many areas are experiencing inventory drops of 50 to 70 percent. To compete in ...

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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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FHA Streamline Refinancing Saves Money

One of the easiest refinances to do is an FHA streamline refinance and we are well versed in the nuances of the program.  If you already have an FHA Mortgage, a Streamline Refinancing is a quick, low-cost option to lower your interest rate and monthly payments.  Below are some advantages:

  • No appraisal required
  • No income verification (Use income from original application)
  • We pull a mortgage only credit report and exclude all other liabilities
  • We ...

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