Tag: LTV
Fannie and Freddie’s 3% Down Payment Targets First-Time Home Buyers
Real Estate Media Host, Frank Garay of National Real Estate Posts expands on the new programs at 3:19 While there are concerns of another mortgage crisis in the making and skeptical lenders questioning the likelihood of safe lending, Fannie Mae and Freddie Mac executives assure that the new 97% LTV program is safe-guarded enough. Encouraging […]
Survive Your Underwater Mortgage
You’ve been told by your lender that a 6.75 percent home loan is the best value you’ll see in the industry, but that was several years ago. If you still have that loan, but are struggling to find the monthly funds to pay it, there is relief in the form of The Home Affordable Refinance […]
Reducing Expensive Mortgage Payments
With high interest rates and some remaining unemployment from the Great Recession, you may be struggling to stay current on the payments to this day. Although it may sound too good to be true, there is a government-backed program that helps you reduce monthly payments with a refinance. HARP Basics HARP is a program designed […]
A Refinance Program Giving Back to the Middle Class
Mortgage rates are lower today than they have been for years. For those who are already committed to a current existing rate, you are not out of options to achieve a lower rate through a refinance. Even though the opportunity has been around since 2009, one of the nation’s most effective mortgage payment reducing program […]
April 2014 FHFA Refinance Market Update
HARP 2.0 For the underwater homeowners who are unaware of the Home Affordable Refinance Program (HARP) it may seem like a short sale or taking a loss to foreclosure may be the only way out. Negative equity followed by the millions of foreclosures has taken a toll on the U.S. economy for many years now. […]
Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline
Between 2013 and 2014, home refinancing numbers dropped 56 percent, showing a market halt to an otherwise recovering housing industry. One of the key factors may have been rising interest rates, reflecting values based on credit scores. Rates were even smaller in 2012 at slightly lower than 4 percent. The need for refinancing is still […]
FHFA January 2014: Top 10 HARP Refinance States
The top ten states with highest HARP Refinance volumes for the month of January 2014 has been released. The state of Georgia contributed to 42 percent of the total refinances and 40 percent from Florida. The total HARP refinances reported as a nation was 22 percent for the January according to gathered data analysis from […]
February 2014: Realtytrac’s Top 5 Foreclosure States
According to a most recent Realtytrac (the leading online marketplace of foreclosure properties, along with detailed property and home sales data) report released for the month of February 2014, there are currently 1,196,954 properties that are in some stage of foreclosure in the United States today. The number of foreclosure filings received for the month […]
December 2013 CoreLogic Report: Top 10 Negative Equity States
As a nation, the U.S. currently has 1,188,502 properties currently in some stage of foreclosure according to the recent Realtytrac Foreclosure report for the month of January 2014. The nation’s negative equity share released by Corelogic (a leading property information, analytics and services provider in the United States) for the fourth quarter (most recent report […]
December 2013: FHFA’s Top 10 HARP Refinance States
The Federal Housing Finance Agency (FHFA) released its most recent HARP Refinance Activity report for December 2013. Ending the year of 2013, Florida had the highest HARP Refinance volume along with the most underwater borrowers with LTV’s greater than 125 percent. Underwater homeowners nationwide have been able to reap the benefits of the unique refinance […]
FHFA Report – November 2013: Top 10 HARP Refinance States
According to the Federal Housing Finance Agency (FHFA) and the most recent report put out in HARP Refinance activities for November 2013. HARP refinances have continued to decrease as mortgage rates are at a range of four to four and a half percent since June 2013. The average interest rate in a 30 year fixed […]
Negative Equity Report: CoreLogic – Top 10 States
CoreLogic’s negative equity analysis report in the third quarter of 2013 insists that if we are able to see an increase of an additional five percent in home prices, approximately 1.2 homes would be able to regain positive equity. The third quarter also showed the top 10 states currently struggling with negative equity. Nevada led […]
What Is The Maximum Loan Amount I Qualify For?
Before a borrower can get approved for a mortgage loan, a maximum loan amount is one of the many important things that lenders must decide on prior to approving a loan request. If someone asked to borrower a couple thousand dollars so they can take a vacation….. how would you calculate the odds of this […]
