Taking out a hard money mortgage can be a useful short-term solution to some struggling buyers. However, if you’re ever on the other side of the equation (i.e. asked to be the lender instead of the borrower), use caution. Although there are many legitimate opportunities to invest, there are also a number of ways to get [...] [...more]
In order to qualify for the federal Making Home Affordable refinancing program, you must have a Fannie Mae or Freddie Mac mortgage. But, how can you tell if you meet this requirement? The easiest way to find out is to pick up a phone and call your lender. They should be able to look up your [...] [...more]
The federal government recently released more details on how to qualify for the new refinancing program. In a nutshell, if you want a federally-insured refi at a a lower rate, you must meet the following requirements: 1. you must live in the property as a primary residence 2. your mortgage must be insured by Fannie Mae [...] [...more]
Under the new Homeowner Affordability and Sustainability Plan, a whopping 9 million Americans may be able to refinance with lower rates and incentives for paying on time. Although the complete details won’t be available until the beginning of March, the White House just released their preliminary plans. Basically, there are two groups of people the foreclosure [...] [...more]
