Posts Tagged ‘finance’
How to Make Use of a Mortgage Calculator with Ease
Monday, January 30th, 2012Mortgage calculator is an automated tool that is fabricated to effortlessly determine the financial implications of changes in one or more in a lending arrangement. You can get it for free in the internet and there are also software programs that are being sold with mortgage calculators and other financial tools. It is a must have tool so that you can plan your finance and mortgages. For several would-be homeowners, the online mortgage calculator has become a very useful tool that enables them to determine how much they can pay on any home loan. Therefore, these programs are widely used by home buyers whose diverse needs range from calculating the monthly payment of a loan when it comes to determining the finest options that are available with respect to paying the balance of any loan.
Where's the Promised Government Loan Money (HARP) for Distressed Homeowners?
Wednesday, December 28th, 2011WHERE’S THE HARP MONEY?
Since 2007, when the American housing bubble burst, untold numbers of homeowners have found themselves in the dire dilemma of seeing the value of their homes sink below the amount they owe on their mortgages, putting them “under water” in mortgage jargon. With most mortgage lenders requiring a loan to value ratio (LTV) of 80% or less on refinancing (not requiring private mortgage insurance [PMI]), these homeowners have been basically locked out from taking advantage of the record low interest rates. Seeking solutions, the Federal Housing Finance Agency (FHFA) introduced the Home Affordable Refinance Program (HARP) in March 2009 thus began the history of HARP.
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Thursday, December 22nd, 2011Will I Qualify for Harp?
Monday, November 28th, 2011On October 24, 2011 the Federal Housing Finance Agency (FHFA) broadcasted a series of changes to the previous Making Homes Affordable Refinance Program. These changes were made in the hopes of targeting even more homeowners that are currently underwater. The program changes were a collective effort between lenders, mortgage insurers, and industry participants under the FHFA’s Direction. The goal is to offer more stability to Fannie Mae and Freddie Mac by offering refinancing opportunities to borrowers.
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Timothy Powers of Alamo, California Reports Mortgage Rates Shrink as Economy is Slow to Recover
Wednesday, October 19th, 2011Paragon Mortgage Bankers’ Timothy Powers says Alamo& Contra Costa homeowners are opting to stay in their home and pay less for it.
