Recently, the option for a 125% refinance became available. In prior years, the maximum amount was 105%, but with the housing values dropping so much and with so many people now owing more than their home is worth, the rules were changed. There are several exceptions and specifications to this new refinance, which will be discussed in this article. One of the most important … [Read more...] about 125 Percent Refinance: What You Should Know
The government’s Home Affordable Refinance Program or the HARP Refinance Program has been adjusted in order to attract more borrowers. Since its launch in 2009, right after the United States real estate market crisis hit, this refinancing program has only succeeded in getting less than 10% of the target underwater borrowers into the program. This refinancing program was … [Read more...] about HARP Refinance Program: Info and Advice
A 100 percent mortgage refinance is a loan program in which homeowners are able to refinance a property for its total value. Most mortgage refinance loans will only provide a certain percentage of the home’s worth, perhaps 75%-80%. If the homeowner wants to borrow more, it typically involves sky-high insurance payments. This strategy is typically meant to protect the lender … [Read more...] about 100 Percent Mortgage Refinance: Tips You Won’t Want to Miss!
A 15-year refinance is a home loan for homeowners who want to refinance their property. Refinancing is typically done after the homeowners have some equity in it. Various lenders have different policies about loans depending on the amount or equity a homeowner has. In most cases, this type of loan is sought by homeowners who bought their property when it was at a higher value … [Read more...] about 15-Year Refinance: Tips You Won’t Want to Miss!
Filing for bankruptcy can feel a lot like admitting defeat. After months or even years of financial turmoil, it is easy for consumers to feel like they have reached the bottom of a very deep pit when they declare bankruptcy. However, bankruptcy can also be seen as an opportunity to start over. It may not be easy, but it actually is possible to do many things in the wake of … [Read more...] about Can I Refinance with Bankruptcy?