what is obama refinance program

Filed Under: HARP Tagged With: HARP refinance program, Obama refinance, Obama refinance 2013, obama refinance program, Obama refinancing program About Justin McHood Justin McHood is America’s Mortgage Commentator and has been providing mortgage commentary for over 10 years on many of the nation’s leading financial websites.

President Obama will announce on Monday an expansion of a program that helps student loan borrowers manage. a Democratic proposal on Capitol Hill that would allow borrowers to refinance their.

us bank reverse mortgage 3 ways a reverse mortgage can leave you homeless – With a reverse mortgage, inflation could take away your home. Let’s review the basics: With a reverse mortgage, you give the bank a mortgage on your home based on your current equity, and in return,

For Immediate Assistance Call 888-995-HOPE (4673) (Hearing impaired: 877-304-9709 TTY) Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.

The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.

The federal government’s Home Affordable Refinance program is designed to help homeowners refinance their mortgages even if they owe slightly more than the current value of their homes.

obama program refinance – Nhslaf – In early 2009, the Obama administration announced a program called making home affordable. This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.

The Home Affordable Refinance Program (HARP) was an initiative put forward during the Obama administration, that offered a number of options designed to help homeowners, depending on their individual circumstances. Subsequently, the program came to be known as the "Obama Mortgage."

current non owner occupied mortgage rates Current Mortgage Rates – Ventura County Credit Union – Current mortgage rates for ventura county credit union.. 30 year High Balance/ Non-Conforming, 0.000%, 4.125%, 4.200%, $4.85. for the stated term for an owner occupied single family property with a Loan-to-Value (LTV) of 80%.

The Obama administration proposed a plan aimed at helping millions of homeowners refinance their mortgages to today’s historically-low rates. To make it work, he’ll need $5 billion to $10 billion.

Filed under Government Mortgage Financing Programs News, HARP Program Loans or The Obama Refinance Program Several weeks ago the federal housing finance agency (fhfa) announced that the HARP program would be extended through the end of 2018.

The Home Affordable Refinance Program, also known as HARP, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 under President Obama’s Making Home Affordable Program to help underwater and near-underwater homeowners refinance their mortgages.