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what is the hamp program

Home Affordable Modification Program (HAMP) – What You Need To Know

What Is the Home Affordable Modification Program (HAMP)? The Home Affordable Modification Program (HAMP) is an initiative created by the federal government to help people cope with the collapse of the housing market. Not just because of the problems in the housing industry but also due to the global meltdown of the economy many homeowners […]

what is the harp program

Home Affordable Refinance Program (HARP) – What You Should Know

What Is Home Affordable Refinance Program (HARP) The Home Affordable Refinance Program (HARP) was an initiative launched the federal government in 2009 in the wake of the housing market collapse. This program was launched in order to help people cope with the issue of foreclosure. This program serves to initiate loan modification, refinance and provide […]

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Cash Out Refinance – What You Need To Know

What Is A Cash Out Refinance “Re-financing an existing mortgage in excess of the balance is owed on the present mortgage, is called a cashout refinance.” The present balance due is calculated after adding the settlement costs. The reason why you can refinance for a greater amount than due is if the value of the […]

How to Speed Up Refinance Process

Tips to make the home loan refinancing process go faster and avoid delays. If you are considering to refinance, taking quick steps to accomplish it may be important if you want to take advantage of the current financial situation. Here are a few ways if by which you can speed up your refinancing process. Fill […]

2 Reasons To Refinance An ARM When Interest Rates Fall

Refinancing an ARM when the Cap Limit Is More Than Current Interest Rates All good adjustable rate mortgage is come with a limit on the interest-rate. This is known as a Cap. This is an interesting point of view which many people with adjustable-rate mortgages do not consider. Someone with a fixed-rate mortgage has no […]

How Long Will It Take To Recover the Refinance Costs?

Calculate how long it takes to recover fee financing cost. In order to calculate how long it will take you to recover the refinancing cost with your reduced monthly payment, the calculation is quite simple. You divide your refinancing cost with your after-tax monthly savings and that will give you the number of months in […]

12 Strong Reasons Why It Might Be Time To Refinance Your Mortgage

Reasons for refinancing a mortgage There are many situations and reasons to refinance your current existing mortgage. Most of the people think that refinancing should only be done in order to reduce the interest rate on the mortgage and to cut down on the monthly mortgage payment. However, there are other situations as well which […]

3 Questions Before Closing a Remortgage Deal

Three Basic Things You Should Know About Your Refinance Deal Some very basic things that you should know about your refinance and ask your mortgage lender about before you sign on the dotted line. What are the terms and conditions of the refinance contract? You should fully understand the terms and conditions of the re-finance […]

Problems with Applying for a Self-Employed Mortgage

Applying for self-employed mortgage can be problematic as you will find a lesser number of mortgage lenders willing to deal with the self employed people. In some cases it becomes a problem to verify a stable and regular income. In such a case the mortgage lender does not feel safe in giving out a mortgage […]

Basic Steps for Remortgaging a Home Loan

When planning to remortgage a home loan this is the basic outline of how you should go about the process. If you’re planning to remortgage it is a good idea to go about the process in a systematic step by step manner. In order to get the best remortgaging deal you need to consider several […]