Tag: mortgage

2016 HARP Program Extension and Other Government Housing Refinance Programs

[Updated for 2016] – The Home Affordable Refinance Program (HARP) has been extended to the end of 2016. Under this program home owners may be able to reduce their mortgage payments by as much… Read more »

Saving $95,000 by Refinancing into a Lower Rate and Shorter Duration Mortgage

Many homeowners with good credit are ditching their old 30-year fixed rate mortgages for the 15-year or 20-year versions. This is primarily to leverage historically low rates for these shorter… Read more »

15 Year Versus 30 Year Fixed Rate Mortgages – How to Determine Which is the Better Option

As mortgage rates continue to hover at 30 year lows, many people are wondering whether a 15-year or a 30-year mortgage term is a better option. After all, even though… Read more »

Solving the Housing Foreclosure Crisis by Cutting Mortgage Principal Balances – Big Mistake

Mortgage interest rates are at their lowest point in decades (about 4.5%) and the housing credit has been in effect for more than three years, yet the housing market is… Read more »

Housing Market Predictions and Forecast For Home Prices in the Year Ahead

The American housing market is still in the doldrums according to the latest S&P/Case-Shiller Home Price Index which showed that U.S. home prices are down a record 5.9% from the… Read more »