The federalized Home Affordable Refinance Program (HARP loan) is a refinance program that targets underwater homeowners. It was introduced in 2009 and allows mortgage loan borrowers with or without a fraction of the equity to refinance into cheaper home loans without … [Read more...]
Archives for May 2019
5 Things You Should Know About Conventional Loan
The first thing you must do when you’re ready to purchase a new home is secure a mortgage. It’s called pre-qualification, and it’s an essential first step. Without a lender’s pre-approval letter, you may not be able to shop for a new home. Some sellers won’t accept offers … [Read more...]
10 Best Interest Rates
Image source: homebuyercafe.netA savings account is the best place to store money you aren’t using for day-to-day expenses, especially when you’re saving for something big. Savings accounts keep your savings separate from your daily finances, are secure, and if picked right … [Read more...]
How to Buy a Foreclosure: Our Step By Step Guide
When looking at how to buy a foreclosure, there are a couple of things you should consider. Foreclosures are usually listed well below the market value, but buying homes that have been foreclosed on require some extra effort. Before we look at how to buy a foreclosure, let … [Read more...]