A considerable amount of positive feedback is coming from homeowners who have refinanced through the Obama Administration’s new HARP 2.0 program. This innovative program enables homeowners to refinance their mortgage to a much lower interest rate while using a less restrictive set of underwriting guidelines. Millions of homeowners can still» read more…
Take a look at James B. Nutter Sr.» read more…
We have all heard the ads about how rates are at all-time lows. It seems like the phrases “historic” and “record lows” have become the new rubber stamps when it comes to talking about interest rates these days. Mortgages have been around forever. When mortgages started, they had variable rates» read more…
In the wake of the subprime lending crisis, an unprecedented number of banks and mortgage brokers quickly folded their tents and exited the mortgage lending space. As mortgage rates dropped to record lows and millions of homeowners sought to refinance their mortgages, far fewer lenders were available to assist them.» read more…
Bernanke makes bold move to ensure low interest ratesHomeowners should definitely stop and take notice—on September 13, 2012 the Federal Reserve announced that that the central bank will embark on a third round of quantitative easing (QE3) and purchase $40 billion in mortgage backed securities each month in an effort» read more…
In the wake of the subprime lending crisis, the question that homeowners should be asking themselves as they contemplate refinancing is which mortgage lender will look out for their best interests–a trillion dollar multinational bank or a family-owned mortgage company that chose not to engage in subprime lending and specializes» read more…
At long last there is some good news for homeowners who have witnessed the worst real estate slump since the Great Depression. The U.S. Government has relaxed the qualifying requirements for the Home Affordable Refinance Program (HARP), making it easier for homeowners to refinance at today’s historically low interest rates.Known» read more…
We’re excited to introduce our new web site, which has undergone a complete home make-over. Everything’s been brightened up and made more functional, new pictures have been hung and the welcome mat is out. We’re ready to invite folks in to visit and take a tour.Like any big home improvement» read more…
Today’s interest rate - between 5 percent and 5.5 percent on a 30-year fixed-rate mortgage loan - is remarkably low by historical standards. Yet there is a disturbing trend among some lenders to push the envelope by offering what we call “teaser” rates of 1.5 percent or 1 percent interest» read more…