As mortgage rates keep its position at historical lows and home values continue to rise, a new refinanceable population emerges. According to the Black Knight Financial Services (BKFS), the numbers rose to 4.5 million refinance-eligible borrowers in just a few months. This is the highest recorded Read more
How Healthy is the US Housing Market?
The economy still has to hit the escape button from the effects of the last financial crisis. And the housing market could propel it forward.All throughout the country, the demand still remains high. Mortgage rates are still at an all-time low. This drives more consumers to consider home buying Read more
Ways to Get out of a Toxic Mortgage
If you bought your house at the height of the housing industry and now sit and shake your head at its mediocre value, you are not alone. Thousands of Americans owe much more on their mortgage than their home is worth today. In addition, thousands of other Americans have an ill-fitting mortgage Read more
Post-HARP® Refinance Options for Underwater Mortgages
The Home Affordable Refinance Program®, as extended, will expire in September 2017. In its place, the Federal Housing Finance Agency has two streamlined refinance programs for borrowers with underwater mortgages. Fannie Mae’s High Loan-to-Value Refinance Option and Freddie Mac’s Enhanced Relief Read more
There’s Still Time for Mortgage Forgiveness Debt Relief
It’s one thing to lose your home as a result of foreclosure and yet another to pay taxes for it. The Mortgage Forgiveness Debt Relief Act of 2007, as extended to 1 January 2017, does away with that requirement, exempting eligible homeowners from paying taxes on canceled mortgage debts.With the Read more
