[ F1 News: ] Obama evokes the luck of the leprechauns harp for publication

Posted on Apr 25, 2012 in HARP Refinance

Importance of Home Affordable Refinance Program

Article by Sally Mansell

The home affordable refinance program is gaining more and more popularity. Buying a house with the mortgage plan is very popular for so long. The mortgage was very easy to pay. But now due to inflation the whole world many people are facing problem to continue paying their mortgage at the same rate. For this purpose refinancing their mortgage is the solution to their problem. The refinance is name of the term in which the borrowers choose a new loan plan over the existing loan plan.

There are many reasons behind refinancing, generic the most popular reasons are:

Financial problemHigh inflationUpside down mortgageNegative equityBad credit rating

The home affordable refinance plan is adopted by people when due to any reason they face some financial problem and they are unable to pay their mortgage plan. People do not want to face any bad credit history. So, they find it better to refinance their mortgage plan so that they do not face any problem in paying their mortgage on time.

The home affordable refinance is also very good option for the people who are facing the negative equity. The negative equity means that market value of the house becomes less than the amount of mortgage that you are paying. The negative equity usually takes place when there is high inflation in the country and the prices of the property falls at a very alarming rate. With this refinance program you can bring balance between the worth of the house and the mortgage program.

The home affordable refinance program harp is the best term for the people who are facing bad credit rating. The bad creditors can improve their bad credit score. It is very difficult to pay the mortgage with the bad credit. This is why the bad creditor prefers to refinance their house. The refinancing makes it easy for them to pay the mortgage along with the missing one.

However before you refinance your house you have to spend a very little amount for it. It is a sort of investment that you make. Moreover it is very important that you choose the new loan plan offered from some new company as doing so there are more chances for you to meet the good interest rates. The good interest rates are very important in all type of refinancing. Choosing the loan plan from the same company sometimes turn out to be waste of time only.

About the Author

Sally is a regular writer for online mortgage refinance firm that provides detailed information on home affordable loan modification program, home affordable refinance program and other related issue.

If you would like more informaiton please visit here…

Obama’s Home Affordable Refinance (HARP) program www.rmilending.com has been revamped. Since there are a few changes to the plan, many homeowners now want to know if they qualify to refinance now. Watch this video to have the home affordable refinance program explained in under 2 minutes. The first thing you should be aware of is that Obama’s HARP program is NOT going to help everyone that is upside down or underwater on their mortgage. One of the main qualifications is that your loan must be owned by Fannie Mae or Freddie Mac and you must have received that loan before June 2009. Now, how do you know if Fannie or Freddie owns your loan? Just give me a call or send me an email and I can look that up for you. If it is owned by them, then it doesn’t matter how far upside down on your mortgage you are, because the loan to value cap has been lifted completely. In addition to that, you won’t need to have an appraisal, and loan fees will be reduced or possibly even eliminated if you are refinancing to a shorter term, like going from a 30 year to a 15 year fixed. It’s important that your last 6 payments have been made on time, and you can’t have more than 1 late payment in the last 12 months. More details and rate pricing from the banks will be revealed around November 15th, and the banks that I work with are expected to start taking loan applications for this program around December 1st. Also, the program will be available through the end of 2013, but there’s no guarantee that
Video Rating: 5 / 5

More great real estate info click here…

What Is The Home Affordable Refinance Program or What is HARP 2.0?

Article by Paras Shaw

According to the Wall Street Journal, doctor approximately 23% of US homes are underwater – meaning the homeowner owes more than their home is worth. The percentages vary widely state-by-state. For expample47.9% of Arizona mortgages were estimated to have negative equity, along with 34.7% of California mortgages and 19% of Colorado mortgages.

These days number one question clients are asking right now is what is the HARP? The Home Affordable Refinance Program, or HARP 2.0, is the new government-sponsored, no appraisal, home mortgage refinance program for underwater home mortgages.

The HARP is available for Fannie Mae and Freddie Mac owned mortgages that were originated prior to June 1, 2009. You can check eligibility at website.

The original Home Affordable Refinance Program was limited to 125% loan-to-value. The 2.0 version of the does not require an appraisal and there is no limit to the loan-to-value.

It is also possible to have reduced documentation for the program. As long as your payment doesn’t increase more than 20%, you will most likely only need a verification of employment instead of providing tax returns and pay stubs.

These days number one question clients are asking right now is what is the HARP? The Home Affordable Refinance Program, or HARP 2.0, is the new government-sponsored, no appraisal, home mortgage refinance program for underwater home mortgages.

Another great thing about the HARP is that the rates competitive. If you get a 30-year fixed-rate loan you will have a slightly higher than market rate, or a slightly higher fee to get a market rate. However, if you shorten up the term of your loan to a 20-year or shorter amortization, the risk adjustment is waived and you will get a market rate. Fannie Mae and Freddie Mac still have risk-based pricing for lower credit scores, so expect a little higher rate and/or higher fees if you credit score is below 740.

Fannie Mae and Freddie Mac have loosened the credit requirement on the HARP. This includes waiving the minimum credit score requirement and allowing borrowers with recent bankruptcy or foreclosures to participate. Borrowers do have to be current on their mortgage for the past six months, but can have been 30 days late one time seven to twelve months ago

Bottom line is that the HARP 2.0 program is the first loan program that has the potential to help a large number of homeowners seeking a refinance.

To learn more watch a recorded webinar on the most frequently asked questions on the HARP program at website.

About the Author

If you are unable to qualify for a traditional refinance, Harp Program help to refinance your mortgage. Learn What is Harp and Find out if you meet the HARP program eligibility requirements?

More informaiton please visit here…

Obama invokes the luck of the leprechauns for Harp Release

products by Ulysses

HARP 2.0 goes live this weekend, page bringing relief to millions of homeowners. It was a long journey, since the changes were originally announced in November, but like most epic journeys, the destination makes it worthwhile. We survived the countdown to the harp!

So, why did we wait so long for these changes to take effect? Was it affected a logistical nightmare of bureaucracy? Was it presented an unreasonable goal, hoping for change, without a realistic game system? For the answer we need look no further than the time of HARP 2.0 ‘s release looks; 17 March otherwise known as St. Patrick’s Day. Why St. Patrick’s Day? Because the government is for an extra boost to their housing market solution hope the luck of the Irish.

For three years we have fought nationwide through a terrible economic situation. The Americans are fed with the Fed. It began with the collapse of our real estate market and, now, this market has yet to recover. But have proved ineffective after all our efforts the federal government, HARP is an opportunity.

In addition to the strategic implementation of happiness, the harp program already has incentives helpful:

– removal of LTV cap. That means no matter how much you owe on your home, you can still qualify.

bankruptcy or foreclosure is permitted, even if it was recent, you can still refinance with Harp 2.0.

Reduction closing costs, no appraisal and closing fees of the cost reduction that can be rolled into your total credit.

The Irish are famous for the detection of extremely high levels of happiness. Coin tosses of profits and rock-scissors-paper-duels, there is no doubt that the luck of the Irish is a powerful tool, but is it enough?

be the end, we see that with Irish luck is a good idea.It perhaps disturbing to imagine the Obama administration’s request, leprechauns and four leaf clovers under the pillow is our best chance, but we are all hoping that HARP program begins to turn around the housing market. And maybe with a little luck, we’ll all be in a position to our own pot of gold at the end of the rainbow.

For more information, visit the harp or 2.0 are now in the State of Florida to go. WWW.ORLANDOFHALOAN.COM

If you contact us directly, please do not hesitate to email or call us at marketeers@mcity.pro us at 407-237-3131

About the Author

Hello, mCity a marketing company in Central Florida.

For more informaiton please visit here …
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