Posts Tagged ‘HARP’
Pending Legislation Could Help Homeowners Refinance
The Responsible Homeowner Refinancing Act, a recently proposed bill in the House of Representatives, would help millions of homeowners refinance at lower interest rates, thus saving thousands of dollars a year and rewarding those who have been responsible in keeping up with mortgage payments. HARP, he current refinancing program, only saves homeowners on the average…
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Can Underwater Homeowners Refinance?
One of the biggest problems with the state of housing ownership is that one in four homeowners in the U.S. are underwater, meaning that they owe more on their mortgage than the current market value of their homes. In many situations this leads to foreclosure or other options like short sales or deeds in lieu…
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