Refinance Appraisal – Will this Step Hurt My Chance to Refinance?
President Obama has worked very hard in his attempt to put a bottom in the housing market. The Making Home Affordable Plan was created partly to help current homeowners refinance at a lower rate which would put more money in their pockets in the long run. The biggest problem that this plan has seen in [...]
Rise in Mortgage Applications along with Low Mortgage Rates Could Cause Lending Crisis
For quite some time, I have made the observation that the increasing amount of mortgage applications could cause a lending crisis. With the Obama Mortgage Plan in full swing, the number of mortgage applications has greatly increased during the months of March and April. While many of these applications are getting turned away due to [...]
Refinance Sunday – Will the Obama Refinance Plan Help You?
As many of you know, the Making Home Affordable plan is President Obama’s way to help you refinance. The plan is expected to help home owners refinance at the current historically low rates. This seems like a great idea in theory, but it is not working out exactly to plan. The problem that many borrowers [...]