Loans For Underwater Homeowners : HARP 2.0 Now Available - 03/20/12 11:19 AM
The new, revamped HARP program is now available in Arizona and nationwide. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac.
HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the conforming mortgage loan product meant for "underwater homeowners". Under the HARP program, homeowners in Phoenix can get access to today's low mortgage rates despite having little or no equity whatsoever.
HARP is expected to reach up to 6 million U.S. homeowners who would otherwise be unable to refinance.
HARP is not a new program. It was originally launched in 2009. However, … (0 comments)

What's Ahead For Mortgage Rates This Week : March 19, 2012 - 03/19/12 11:06 AM
Mortgage markets worsened last week as the Federal Reserve's Federal Open Market Committee suggested economic recovery may be closer than it originally expected, and that inflation may be a near-term economic concern.
Although the FOMC voted to leave the Fed Funds Rate unchanged in its current range near 0.000 percent, its published comments sparked a broad-based mortgage bond selloff.
Conforming mortgage rates throughout Arizona rose sharply post-FOMC, climbing by as much as 0.375%.
If you've been shopping for a mortgage rate, the run-up was both untimely and unwelcome.
According to Freddie Mac's weekly mortgage rate survey, for most of the year, … (0 comments)

Are You Wasting $471 per Month on Your Mortgage - 03/12/12 12:56 PM
According to Freddie Mac's weekly mortgage rate survey, for 13 straight weeks, the average 30-year fixed rate mortgage has held below 4.000% for mortgage applicants willing to pay up to 0.8 discount points plus a full set of closing costs.
These are the lowest mortgage rates in history and now -- with a bevy of loan programs for the nation's 11 million "underwater homeowners" including HARP, the FHA Streamline Refinance, and the VA IRRRL -- millions of U.S. homeowners can exploit the current mortgage rate environment.
In this 4-minute clip from NBC's The Today Show, you'll learn about today's mortgage market … (0 comments)

 
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John Reising

Scottsdale, AZ

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AmeriFirst Financial, Inc.

Address: 15111 N. Pima Rd., Suite 110, Scottsdale, AZ, 85260

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