Reports of an improved job market, drop in the unemployment rate, settlement deals for unlawfully foreclosed homeowners and better mortgage debt solutions have brought a much needed sense of hope to Americans. It appears as though the economy is beginning to show some signs of recovery, albeit slow and small. The Future Mortgage Industry For  … Read more

The government has been trying to help homeowners through loan modification and refinancing programs for a few years now. However, these existing programs haven’t produced the full outcome as expected. A new program being offered by the Federal Housing Administration (FHA) aims to reach as many as 3 million homeowners through new refinancing conditions.    … Read more

The Home Affordable Refinance Program (HARP) has been in operation for a few years now, but previous efforts were disappointing at best. Recently, major changes were made to federal mortgage programs in order to help more homeowners find relief from their mortgage debts and avoid foreclosure. A Change For The Better A few program details  … Read more

There has been much attention over mortgage refinancing in recent months. As many homeowners have failed to qualify for refinancing in the past, government efforts have been implemented to help alleviate the gap. However, refinancing can be tricky and the process isn’t always as easy as one would think. Considerations Refinancing can be a great  … Read more

Although refinancing a mortgage can be a good way to lower monthly payments, it isn’t for everyone. More specifically, there are good times and bad times to refinance a mortgage and knowing when to take the leap is a very important step. Anyone considering a refinancing option should review the following criteria: Good rate— refinancing  … Read more

Homeowners have had a tough go at securing both loan modifications and refinancing options from lenders over the last few years. Holding strict credit qualification and high closing cost requirements many lenders have been able to avoid taking part in foreclosure alternative efforts. However, industry changes are on the way that could make it easier  … Read more

The last week has been flooded with talk about the President’s plan to end the foreclosure crisis and revamp loan modification programs. While these efforts are greatly needed, what about homeowners who have yet to default on their mortgages but may be experiencing the pressure of high mortgage payments? Refinancing Gets Boost Obama announced his  … Read more

Although refinancing hasn’t been the mortgage debt solution of choice for many people, there is still plenty of buzz surrounding the topic.  As more lenders begin to push homeowners towards refinancing before they seek options like a loan modification, many people are being bombarded with confusing offers they don’t understand. A prime example, a jumbo  … Read more

It has been a while since lenders have been able to be both powerful and profitable. With so many foreclosures and homeowners seeking loan modifications, many lenders have lost their sense of control over their own industry. As an attempt to make a comeback many are offering incentives to homeowners that refinance their mortgage. Expecting  … Read more

Refinancing a mortgage has been a popular option discussed by lenders for quite some time now. Refinancing isn’t for everyone and many people may have actually suffered worse financial states because of their decision to refinance. However, homeowners who have rejected or resisted refinancing offers may be rewarded for their efforts with new offers that  … Read more