Tag Archives: Freddie Mac
Check Your Potential Eligibility for HARP 2.0 Refinance
Many folks call to ask what is a HARP 2 0 all about The Answer: The Home Affordable Refinance Program (HARP) is a program designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value Our term for this is called "underwater "   Read more [...]
Update! Are mortgage interest rates starting to rise?
Freddie Mac reported Thursday in its weekly update that the average interest rate on 30 year, fixed rates moved upward this week, to 3 42%   This is the highest levle since September 29, 2012 In comparison, last week's average rate was 3 38%   When you compare rates from 30 years ago, rates Read more [...]
Delaware Home Owners Using HARP 2.0 for Refinances
Did you know that In July 2012, that over 28% of all closed mortgage refinances in Delaware were done through the HARP 2.0 program.  The HARP 2.0 program has gotten a lot of press alerting more and more Delaware homeowners that they can may qualify for the HARP 2.0 refinance, if their mortgage is Read more [...]
HARP 2.0 – Taking the right first steps!
Taking the right steps to prepare and have ready all the required information for the HARP 2.0 program can help in getting you approved more quickly.  New HARP The defining characteristic of the newly expanded HARP program is the allowance of an expanded loan-to-value (LTV) ratio. The old Read more [...]
The Basics on Home Affordable Refinance Mortgages (HARP 2.0)
  With changes in the economy and frequently fluctuating mortgage rates, many homeowners decide to refinance their mortgages to get better rates and save money as they pay off their homes. Unfortunately, the housing market is not what it once was, and the declining value of a home may prevent a Read more [...]
How do you qualify for the HARP 2.0 Refinance Program?
I am getting requests from many of you wondering if you qualify for the new HARP 2 0 Refinance Program The first question you need to ask is: Do you have a Fannie Mae or Freddie Mac Loan? Yes or No Your next question is probably, how do I know if my mortgage is a Fannie Mae or Freddie Read more [...]
HARP 2.0- Refinancing Boom Continue Record Pace
Fixed mortgage rates have hit new lows for three straight weeks, fueling a sustainable refinancing wave. The Home Affordable Refinance Program, now dubbed HARP 2.0, has drawn half a million applications as of the last report by U.S. housing officials, who could see up to 2 million refinance applications Read more [...]