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FHA Streamline Refinance just got much, much cheaper (for some)

June 8, 2012

HUD has announced a change to the FHA Streamline program that will make refinancing an FHA Mortgage in Pennsylvania and the rest of the country much cheaper for many homeowners. Essentially, HUD is drastically reducing the amount of Mortgage Insurance required for qualified FHA Streamline Refinances. FHA has always had two types of mortgage insurance [...]

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FHA Mortgages and Gift Funds

May 8, 2012

FHA Mortgages allow borrowers to use Gift Funds to meet the 3.5% down payment requirement. When using Gift Funds to purchase a home it is important that Gift Funds be documented properly to avoid any issues with the FHA underwriting process. The primary intention of these rules is too make sure that the FHA borrower [...]

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HARP Refinance with Mortgage Insurance

April 10, 2012

If you have Mortgage Insurance you CAN Refinance with the HARP program If you currently have mortgage insurance and would like to refinance with the HARP program make sure you contact a lender that is able to handle this request. Some potential HARP applicants have been running into roadblocks because they have been told that [...]

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HARP 2.0 : HARP Refinance Options in Pennsylvania

February 6, 2012

The Home Affordable Refinance Program, known as HARP, has been revised and expanded to hopefully help more homeowners How is the new HARP 2.0 different from the previous HARP? Under the new HARP refinance program, the big change is that IT DOES NOT MATTER HOW MUCH A HOME HAS DECREASED IN VALUE. HARP has eliminated [...]

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HARP Refinance Program in Pennsylvania : Help for Underwater Homeowners

January 26, 2012

The Home Affordable Refinance Program, known as HARP, has been revised and expanded to hopefully help more homeowners. How is the new HARP different from the previous HARP? Under the new HARP refinance program, the big change is that IT DOES NOT MATTER HOW MUCH A HOME HAS DECREASED IN VALUE. HARP has eliminated the [...]

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