can I refinance my mortgage using the “Making Home Affordable” Program and make it assumable?

Posted on Sep 25, 2012 in Unique Loan Programs

A couple of nice castle images I found:

Castle Munot
castle
Image by sailor08
Castle Munot by night in Schaffhausen/Switzerland.

For more residences click here…

Castle at Bran
castle
Image by PRDH
Castle exactly where Dracula lived. . . apparently

For far more homes click here…
Obama Mortgage Relief Plan 2012 Help To Stop Foreclosure For Underwater
The Obama Housing Plan 2012 is nothing but implementation of a revamped initiative which will allow underwater home makers, page across the United States, approved to refinance Fannie Mae and Freddie Mac guaranteed home loans at low interest rates with ease.
For more informaiton please visit here…

The New HARP 2.0 Program Has The Potential To Benefit Millions
The HARP 2.0 which was released in early March 2012 provides distressed homeowners a rare opportunity for refinancing homes at lower interest rates and flexible terms. By qualifying for the HARP 2.0 schedule, a borrower could be able to avoid possible …
If you would like more informaiton please visit here…

RPT-Obama, Romney tiptoe around housing morass as they woo voters
When pressed for specifics, Romney points to programs that Obama has put in place. "There's a federal program that helps people refinance homes and receive lower interest rates," he told an NBC affiliate in Reno, Nevada, in July. "That's already there …
More informaiton please visit here…

Question by ?????: I am buying a new home. What is the 30 yr fixed rate mortgage forecast for the next month (May-June)?

What I am really asking is, information pills does the forecast for interest rates predict a continued drop in mortgage rates for the next 30 days? Trying to decide when to lock in. Thanks

Best answer:

Answer by Tacgnol
I picked up a 5.75% rate. (new mortgage)

Home prices are expected to drop by as much as 10% next month.

Add your own answer in the comments!
Question by Curious: can I refinance my mortgage using the “Making Home Affordable” Program and make it assumable?
My current mortgage is not assumable but I qualify for the “Making Home Affordable” Program. When I refinance can I make my loan assumable? Thanks in advance

Best answer:

Answer by Appraiser guy
No way, cheap all loans are non assumable.

What do you think? Answer below!

5avg.rating 16 votes.

3 Comments

  1. I don’t believe there is any such thing as an assumable mortgage loan anymore and especially not under the HARP or HEMP programs offered by the “Making Home Affordable” Program.

    It would serve no purpose to make your home loan assumable. The purpose of these affordable loan programs is to allow you to take advantage of the low interest rates when you either don’t have enough equity or you are behind in your payments. The two links below might give you some better ideas about how and why these home affordability programs can serve you best.

  2. Thanks for the post about finance. There's a reason I keep coming back to this blog!

  3. However, I I think the explanation on unique loan programs could be expanded.