HARP Refinance Program Extended Until 2016


Somewhere in the neighborhood of 600,000 homeowners may be interested in the announcement by FHFA head Mel Watt last Friday in California. In a prepared statement he gave at the Greenlining Summit, he announced that the HARP and HAMP programs would be extended through December 31, 2016 (currently they are set to expire at the end of 2015) and that many people who could benefit from getting HARP approved still haven't done so. From his remarks: In the meantime, we want to encourage the … [Read more...]

9 Places You Won’t Find Your Loan Officer


Occasionally I hear people complain that their loan officer is nowhere to be found. "Really?" is my usual response when I hear them tell me how their loan officer is MIA and how they need to get in touch with them immediately. I think that normal people who can't find their loan officer must just be looking in all the wrong places. If you are looking for your loan officer, here are 9 places that you don't have to look - because the chances of finding them at any one of these are … [Read more...]

Arizona HARP Refinance: Is It a Good Option For You?


The Home Affordable Refinance Program was first announced in 2009 as a way to help underwater homeowners refinance their homes and hopefully stimulate the economy. After HARP 1 didn't go as well as hoped, the HARP program was modified and labeled HARP 2.0 early in 2012. While HARP 2.0 is helping more homeowners than HARP 1.0 did, there are still millions of homeowners left out in the cold when it comes to refinancing their home and taking advantage of lower interest rates. As a result of these … [Read more...]

Canadian Citizen Financing Options in 2012


Here in the Phoenix area, pretty much any lender can help you get a property financed if you are a US citizen and can meet the qualification criteria. A quick-and-simple overview of what loan options are available for US citizens include: FHA loans - popular with first time home buyers and people who have less-than-perfect credit. Generally speaking, you will need higher than a 620 credit score and have a 3.5% down payment. VA loans - popular with Veterans because of the zero down … [Read more...]

What To Expect After a Short Sale


A wise mentor of mine once taught me this concept: Crisis + Time = Humor Over the last few years, more than just a few homeowners have went through the short sale process - and from what I can put together, there will be people trying to decide whether a short sale is right for them for years to come. For better or worse, I happen to be an expert on the subject of "what to expect after a short sale" because it was about 2 1/2 years ago now that I finalized a short sale after not making … [Read more...]