If you owe more on your mortgage than your home is worth, you have what’s known as an underwater or upside-down mortgage. Mortgages can become underwater when property values fall, when a homeowner takes on too much debt — or often, a combination of the two. ...
you might want to consider simply selling it. If you have an upside down mortgage, getting your mortgage refinanced will be difficult unless you have the cash to make
New Jersey HARP Refinance, also known as DU REFI Plus or the Obama Government Refinance Program. Helping homeowners with upside down mortgages.
So, if Wall Street is right, more mortgage savings are on the horizon. And the mortgage refi window will open for even more people. Is Now The Time To Refinance? Should you refi now or wait for potentially bigger savings down the road if the Fed cuts as much (or even more) th...
In fact, many are discovering that their current mortgage balance(s) now exceeds the value of their property, putting them in a position of negative equity, otherwise known as being upside down. Or put another way, the proud owner of anunderwater mortgage. ...
Sometimes it’s good enough just to get the interest rate and associated loan payment down to a more affordable level. Rate and Term Refinance Rates If you’re curious how mortgage rates are on rate and term refinances, they’re typically some of the lowest available. ...
Government Mortgage Financing Programs News HARP Program Loans or The Obama Refinance Program Updates on FHA short refi program – HOPE loan qualifications Upside Down (Underwater) Mortgage Programs VA streamlines / IRRRLs Archives December 2023 September 2022 May 2022 January 2022 February 2021...
I called my buddy, a mortgage broker, who dialed me in with a sweet 2.2% rate on our remaining balance. Two point two! Had we missed that deal, I’d never live it down. I may as well have slept in my office for a while. Well, this current situation in dividends is like that....
With a deep recession, mortgage crisis, adjustable rate mortgages re-setting, balloon payments coming to term, borrowers losing equity in their homes, a home market turned upside down by recent events, and a tidal wave of foreclosure filings, there are literally thousands of foreclosures, short ...
Personal information: Including previous addresses, your Social Security number, employment details and monthly rent or mortgage payments. Proof of income: This could include a tax return, employment history, or a paycheck stub. Copy of auto insurance on the current vehicle. ...