Freddie Mac: Refinancing Homeowners Pick Fixed Rates, Shorter Terms
Posted May 16, 2012
Homeowners who refinanced through Freddie Mac in the first quarter of 2012 overwhelmingly picked fixed rate loans and 31 percent chose new loans that would amortize in a shorter period than the old loan. The information came Monday from Freddie Mac’s Quarterly Product Transition Report. The number of borrowers choosing a one-year adjustable rate mortgage…Continue Reading
Check HERE to see if your loan qualifies for the HARP Program!
Posted March 19, 2012
A HARP refinance only applies to Fannie Mae or Freddie Mac owned mortgages. Click on the links below to check if your loan qualifies. Fannie Mae http://www.fanniemae.com/loanlookup/ Freddie Mac https://ww3.freddiemac.com/corporate/ Contact Western Pioneer Financial today to get on the priority list for this historic program!!
The HARP 2.0 Refinance Program is available starting today!!!
Posted March 19, 2012
The HARP 2.0 refinance program is available starting today,Monday March 19, 2012and is expected to bring mortgage relief to homeowners who are current on their home mortgage, but have been unable to refinance because of their negative equity status. The full implementation of the revamped HARP 2.0 program, which was announced by President Obama in…Continue Reading
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
Posted March 8, 2012
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one…Continue Reading
Obama Refi Plan Could Net One Million FHA Borrowers
Posted February 21, 2012
President Barack Obama has proposed allowing underwater homeowners to refinance their mortgages with FHA-insured loans. The proposed program would extend today’s low rates to homeowners who owe more than their homes are worth. The plan would be similar to the Home Affordable Refinance Program, or HARP, but it would apply to private mortgages that are…Continue Reading