obama home loan refinancing

The takeaway from this is that now is an excellent time to research a mortgage refinance or a home purchase. Rates are near historic lows and there are several government-backed mortgage programs available. Contact in the sidebar for guidance regarding refinances or on our home purchase page for assistance qualifying for a home purchase loan.

The home affordable refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.

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WASHINGTON » First-time homebuyers who obtain government-backed loans would. means new home buyers would pay $900 less a year than they would without the change. The rate drop announcement will be.

The Obama administration proposed a plan aimed at helping millions of homeowners refinance their mortgages to today’s historically-low rates. To make it work, he’ll need $5 billion to $10 billion.

In early 2009, the Obama administration announced a program called Making Home Affordable. This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.

Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.

harp-program-refinance-loan – The Lenders Network – See if you can qualify for the home affordable refinance program before it’s too late.. HARP allowed homeowners to refinance a mortgage as long as the loan amount.. HARP was created in 2009 by the Obama Administration to reduce the .

Obama Mortgage Refinancing Options August 8, 2016 – Some borrowers need Obama mortgage help from the Making Home Affordable (MHA) program because they have fallen behind on their mortgage payments and don’t know what their options might be.

For Immediate Assistance Call 888-995-HOPE (4673) (Hearing impaired: 877-304-9709 TTY) Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.

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This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments. HARP Refinance: Loans For Underwater Homeowners. HARP is an acronym. It stands for Home Affordable Refinance Program.