Help for Underwater Mortgages for Homeowners in the St. Louis MO and St. Charles MO area!
The HARP or Home Affordability Refinance Program has made a small but significant change that will help more homeowners in the St. Louis and St. Charles area, really all of Missouri, refinance their underwater mortgages.
WHAT IS A HARP REFINANCE? Harp was started in April of 2009, also known as the Home Affordable Refinance Program HARP is designed to allow responsible homeowners to take advantage of lower mortgage rates and payments, even if you owe as much … (0 comments)
refinance: What is the FHA 203k Renovation Loan?
- 06/24/12 11:02 PM
Foreclosures and distressed homes has represented over 1 in 3 homes sold in the St. Louis and St. Charles Missouri area for the past several years. We have all become very aware of HUD foreclosures, HomePath, REO, Bank Owned, Short Sale, and all the terms and definitions of today's housing market. What I hear all the time is; 'what is a FHA 203k?', a mortgage loan program that has been around for decades and has helped thousands of home buyers is still a very misunderstood source to help you purchase a new home. I still hear a lot of misconceptions about … (1 comments)
refinance: Home Remodeling and Improvement Loans in St. Louis and St. Charles Mo
- 06/17/12 10:45 PM
With interest rates so low Home Remodeling or Home Improvement loans are becoming very popular again. You have owned your home in the St. Louis and/or St. Charles Mo area for a long time, a short time or some where in-between and you are considering making improvements to the home. You have many choices available to you as to how to pay for this expense, you can use your own savings, put it on a credit card, use your contractor's financing, get a home equity line of credit, or you can refinance your current mortgage and receive the money to fix … (3 comments)
refinance: FHA Streamline - Refinancing Without An Appraisal in St. Louis, St. Charles and Missouri
- 10/05/11 09:30 AM
The FHA-insured mortgage market share has increased 10-fold since 2006, spawning a huge class of first-time FHA borrowers around the country. FHA mortgages are identical to conventional mortgages in most ways, they're offered as fixed rate or adjustable; they're available with 15- or 30-year terms; and they don't come with prepayment penalties. But, because FHA mortgages are government-insured, FHA homeowners get access to a special, FHA-only program known as the FHA Streamline Refinance. Want to learn more about FHA Mortgages? Click Here FHA Streamline loans can help homeowners lower monthly mortgage payments and interest rates. But what do you need to … (0 comments)
The New HARP 2.0 Refinance
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