Home Affordable Refinance Program (HARP) Although the housing market is constantly increasingly there still are numerous homeowners that have little or no equity in their homes as the value of their property has severely declined during the recent housing crisis. The Home Affordable Refinance Program also known as HARP has been designed to help homeowners
Mortgage Re-Amortization Explained While the advantages and potential drawbacks of refinancing are well-known to most home buyers the loan recasting is an unexplored option. If you are looking to diminish your monthly payment amount and also save on interest you can take advantage of a strategy, called “recasting,” or “re-amortization. This game plan allows you to lower
Energy Efficient Mortgage Homeowners Guide Homeowners can take advantage of green loans to either finance energy efficiency improvements to existing homes, or to increase their home buying power with the purchase of a new energy efficient home. There are Two Types of Energy Mortgages: Energy Improvement Mortgage – An EIM is meant to
Government Home Loans: Find the Right Loan for You If you are like most people, and you do not have enough cash to go buy a property you will be happy to find out that there are several options of advantageous government home loans. Through these programs the US government offers solutions even to customers
The Pros and Cons of Different Types of Mortgage Lenders The most puzzling part for most home buyers is figuring out the advantages and disadvantages of all the different kinds of mortgage lenders. One of the most important questions you should ask yourself is which one would work better for you? To help you answer