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making home affordable: FHA Underwater Refinance Program is Here - 08/10/10 07:22 AM
As part of the government's Making Home Affordable Refinance program, a new program has been released that is aimed toward helping millions of underwater home owners refinance their mortgage and stay in their homes.
The plan, set to be launched on September 7, will allow non-FHA borrowers to refinance into an FHA mortgage at 97.75% of their home's appraised value, with the mortgage balance being written down, or forgiven, to bring the balance down to that ratio. 
However, there is one aspect of the program that is problematic, and may make it difficult for many people to qualify.  The plan requires … (6 comments)

making home affordable: Another Obama Bailout Rumored for August - 08/07/10 09:06 AM
In an article this week by James Pethokoukis of Reuters, An August Surprise From Obama?, Mr. Pethokoukis outlines a rumored plan by the Obama administration to bail out the millions of home owners who are under water on their homes through the Making Home Affordable Refinance program. 
The plan, supposedly set to initiate just in time for the fall elections, would influence Fannie Mae and Freddie Mac to forgive a portion of home owner mortgage debt that is in excess of the home's appraised value.
If you are a home owner that is in that situation and reading this article, you are … (5 comments)

making home affordable: New Obama Refinance Plan to Help Millions or Hundreds? Denver Colorado - 03/26/10 05:05 PM
New Obama Refinance Plan to Help Millions or Hundreds? Denver Colorado
The Obama administration announced today that they will be providing increased help to home owners who are struggling to make house payments or are upside-down on their mortgages.  The New Obama Refinance Plan does not have a set inception date, but it is rumored that the plan will last three to four years and could help millions of home owners avoid foreclosure.
The New Obama Refinance Planwill reportedly not bring more tax burden upon consumers, but will tap into a estimated $14 billion of the allocated $50 billion of government TARP money.
The New Obama Refinance … (0 comments)

making home affordable: Freddie Mac Open Access Program - Evergreen, CO - 01/24/10 03:57 PM
Freddie Mac Open Access Program - Evergreen, CO
As part of the government's Making Home Affordable refinance program, the Freddie Mac Open Access program was released recently.  This new program helps families with Freddie Mac backed mortgages to refinance under the initiative, where previously they may not have been able to take advantage of this program.
The major change is that home owners are now allowed to go to a new bank to obtain the Freddie Mac Open Access mortgage, where previously, they had to go directly to their servicer.  This was a big announcement as a large percentage of home … (0 comments)

 
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RJ Baxter 303-670-0137

Lakewood, CO

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Gold Star Mortgage Financial

Address: 12211 W. Alameda Pkwy, Suite 210, Lakewood, CO, 80228

Office Phone: (303) 670-0137

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I am a Colorado Mortgage Broker focusing on the Colorado Mortgage Market, with guaranteed 15 day closings on home purchase transactions in the Colorado market.

A former teacher, my philosophy is to educate my clients so they understand the loan process and can make informed decisions on the best options available for their long and short term financial goals.

Gold Star Financial is a Ann Arbor, MI based mortgage bank, recently appearing on the Inc 500. Gold Star has a customer-focused philosophy, always putting our customers first in order to deliver a high level of satisfaction in the home loan process.

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