mortgage

government mortgage refinance program

How Successful is the HARP Government Mortgage Refinance Program?

H.A.R.P. Government Mortgage Refinance Program It’s been nearly four years since the original version of the Home Affordable Refinance Program (HARP) was announced by the White House and the Federal Housing Finance Agency (FHFA). HARP is part of an Obama administration initiative to bring stability to the U.S. housing market by helping homeowners avoid foreclosure. […]

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Differences Between Pre-Qualified and Pre-Approved For a Home Loan

Pre-Qualified vs. Pre-Approved for a Home Loan- People commonly use the terms pre-approval and pre-qualified interchangeably when they are in the market to buy a home. However, these are two entirely different concepts, and it’s important to understand the difference between the two. One is an estimate, the other is a tentative commitment, and neither is

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Low Mortgage Rates – Reduce Your Payment or the Length of the Loan?

Prior to 2008 current mortgage rates were at their lowest levels in decades and many people were refinancing. At the time I warned that “this trend seems dangerous to me because rather than using this as an opportunity to shorten the life of their mortgage people are just reducing their payments.” Or worse still they were

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A Bi-Weekly Mortgage can Save You Thousands

How to  Save $$$ on Your Mortgage You can save literally thousands of dollars and quite possibly “tens of thousands” of dollars by following this simply relatively painless method. By using this simple Bi-Weekly mortgage system to make your mortgage payments you drastically reduce the total amount of your interest payments and you can even cut

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