refinance: What is Home Affordable Refinance Program HARP - 12/29/11 08:28 AM
WHAT IS Home Affordable Refinance Program (HARP)?
If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA's Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.

You may be eligible for HARP if you meet all of the following criteria:
The mortgage must be owned or guaranteed by Freddie Mac or Fannie … (0 comments)

refinance: HARP 2.0 has been Updated! - 12/29/11 08:09 AM
HARP 2.0 has been Updated!

The same day that lawmakers deluged the GSEs and their regulator with criticism, Fannie Mae and Freddie Mac finally released guidelines Tuesday for lenders and servicers about modifications to the Home Affordable Refinance Program (HARP).

The Obama administration ended weeks of speculation when it announced the modifications – specific to HARP 2.0, as dubbed by the media – in October.
Changes for the program included an end to the 125-percent loan-to-value ratio cap for refinancing homeowners, the elimination of risk-based fees for short-term borrowers, and an extension for HARP until December 2013.
New guidelines … (0 comments)

refinance: How do you know if Fannie Mae or Freddie Mac owns your Mortgage? - 11/01/11 01:28 PM

I get this question all the time and the answer is simple. Go to and type in your address, city, state, etc.  Just click the above address to view the site.
Why do you want to know if Fannie Mae owns your loan and can this tool be used for your clients?
The reason you may want to know if Fannie Mae owns your mortgage is because this information is helpful in regards to refinancing your home. Especially if the balance is high and you are trying to refinance using their Home Affordable Refinance Program for people with high loan to value … (6 comments)

Daniel Young, The Loan Doc (Choice Lending Corp)

Daniel Young

The Loan Doc

Rancho Cucamonga, CA

More about me…

Choice Lending Corp

Address: 9227 Haven Avenue, Suite 300, Rancho Cucamonga, Ca, 91730

Office: (909) 952-2882

Fax: (760) 780-4631



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