Refinancing a mortgage is a topic of hot discussion these days as rates continue to hover around historic lows. With federal programs pushing for more lenders to participate in refinancing offers, many previously unqualified homeowners may not be able to secure a lower payment and reduce the risk of  mortgage debt in the future. Inside  … Read more

Homeowners aren’t the only ones threatened by mortgage debt these days. Commercial property owners have found themselves upside down on properties with sinking values and vacant from renters. However, the U.S. Small Business Administration has refinancing program to help commercial property loan holders lower their payments and avoid foreclosure. Help For Businesses The government has  … Read more

Owning an investment property has some additional considerations that traditional property owners don’t face. For one, obtaining foreclosure help on an investment property can be near impossible in some situations. Even options like refinancing come with some stipulations and challenges that must be met before an refinancing offer is approved. Investing In Lower Rates High  … Read more

While refinancing your mortgage can be a great tool for lowering your payments and gaining control over your mortgage payments, the process is quite tedious. There are numerous requirements and eligibility criteria you will have to face in order to successfully obtain a refinanced mortgage. Before going into the process it is best to prepare  … Read more

Now that the government has revamped their Home Affordable Refinance Program to expand its reach to more homeowners, lenders are being encouraged to offer more flexibility in lending. Until now, many lenders have been stubborn about their refinancing offers and many haven’t been willing to participate in programs like HARP. However, one of the lending  … Read more

With all the talk about the federal refinancing program for struggling homeowners, many people not in immediate mortgage debt danger have had a renewed interest in refinancing. In the past, refinancing a mortgage was fairly difficult and some even found it impossible. These days, lenders have been encouraged to open up more refinancing offers for  … Read more

The Home Affordable Refinance Program (HARP) is part of the government’s Making Home Affordable Program. After its original release last year, the program failed to deliver the magnitude of help promised for at-risk homeowners. It has since been revamped to expand its reach and help more homeowners avoid foreclosure and resolve mortgage debts. What’s New?  … Read more

Refinancing is becoming increasingly popular among lenders these days. Not only is it less risky for a lender, but it may even has the potential to bring in more money. Compared to loan modifications or other option, refinancing carries less stigma and is often the first option of choice. However, there are a few important  … Read more

Refinancing isn’t only for mortgages. You can also refinance your car loan to lower your payments and free up some cash for other expenses. Like refinancing a mortgage, refinancing a car loan also comes with some additional considerations. Risks And Benefits Although many people never think to apply for a refinanced car loan, it can  … Read more

After the disappointing reach of the original Home Affordable Refinance Program, or HARP, the President took aim to revise the program. The new HARP 2.0 has been announced and is hoping to reach more homeowners in need and bring back a sense of stability to the real estate market and mortgage lending industry. Will You  … Read more