Archive for August 2010
New FHA Program to Help Underwater Borrowers
The FHA Short Refinance Program, scheduled for release September 7, is the latest in the arsenal of programs created to help underwater borrowers. The program will allow borrowers to refinance into a more secure mortgage that reflects current market value, as long as the current lender agrees to write off a minimum of 10% of…
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Real Numbers: Renting vs. Buying in Today’s Market
Many people are having a difficult time deciding whether to rent or buy right now. Sure the market has been through a downturn and there are likely to be more foreclosures and short sales hitting the market; sure rates are low ‚ some of the lowest we have seen in years ‚ but whether a…
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