HARP was designed to help 5 million underwater homeowners refinance into a fixed loan with a lower monthly payment. Click Here To View More
What’s In Your Mortgage Payment?
What does your mortgage payment consist of? PITI. See what PITI means and a simple mortgage payment example. Click Here To View More
Tips to Make Mortgage Shopping Easier
Home buyers usually spend months trying to find the perfect house, but the perfect mortgage? Not so much. We get it. Researching a mortgage isn’t as [...] Click Here To View More
FHA Mortgage Insurance Premium to Rise
Starting April 18th, 2011 FHA is raising the FHA Mortgage Insurance Premiums for FHA loans. What to expect as a result of the changes. Click Here To View More
Principal Mortgage Balance Reductions | Underwater Owners Being Bailed Out
Breaking News: Major Lenders selectively reducing principal mortgage balances…yes, you read that correctly…major banks are finally bailing out underwater owners! Source: CNBC.com and The New York Times As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked. Two of the nation’s biggest lenders, JPMorgan Chase and Bank of America, are quietly modifying loans for tens of thousands of borrowers who have not asked for help but whom the banks deem to be at special [...] Click Here To View More
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