Search Results for : financing

26 results

More Refinancing Options for Underwater Homeowners

The Obama administration announced plans to expand the Home Affordable Refinance Program to make it easier for homeowners who are struggling but still making mortgage payments to refinance their homes. Changes to the program include refinancing despite how much a home’s value has fallen, reducing some fees, and eliminating the […]

FHA Premiums Lowered for Refis

FHA is lowering its mortgage insurance premiums to help borrowers refinance into lower interest rates.  Additional help to military who have been wrongly foreclosed on or denied the opportunity to refinance as well, as announced by President Obama earlier this week FHA is reducing its up-front premium to .01 percent, […]

Coming Up Short

A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.