House Refinance Center
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Refinancing A Mortgage Information
FHA Streamline 203(K) Allows $35K Added To House Price
For Repairs
There are millions of foreclosure houses waiting for qualified buyers. The inventories of bank
owned real estate (REO) are at record highs. The problem is that these properties are sold "as
is". Therefore the buyer has to have some cash reserves in order to complete the transaction. In
other words there must be enough money to purchase the house plus make the repairs. The
FHA Streamline 203(K) mortgage is the answer. It is available for purchases as well as
refinances. read more...
Hope For Homeowners (H4H): Refinancing For
Homeowners With Reduced Income
Hope For Homeowners is a refinancing program created in 2008 to help homeowners
avoid foreclosure.

The new loan is a 30-year fixed rate mortgage that is insured by the Federal Housing
Administration (FHA). H4H program ends on September 30, 2011.

Some of the features of Hope For Homeowners are:
  • The house must be the principle residence.
  • The homeowner can not own or have an interest in any other houses. read more...
How To Finance Your Fixer-Uppers And Handyman Specials
Many American are looking for a house they can afford. Considering that the housing market is
still in a tailspin bank owned real estate (REO) is a viable option. The obstacle here is that the
banks are not in the business of repairing or improving properties. They simply want to sell the
houses. What can a homebuyer do? The FHA 203(K) mortgage is worth a look and the process
is simple. read more...
Refinancing With An Adjustable Rate Mortgage (ARM)
When you are ready to refinance your house, an adjustable rate mortgage could be the right
loan for you. There have been plenty negative comments said in the last several months about
ARMs. Some justifiably so. However, you are the one in control. You have to monitor and stay on
top of the mortgage news and trends. Only you can pull the plug when the rates are moving
against you. read more...
How To Negotiate A Second Mortgage
Getting a second mortgage is easy. However, getting the best rate and the greatest options in
the mortgage can be a challenge.

You must be prepared to do some legwork and some homework. Start with the internet. Make a
list of 5 lenders in your area that offer second mortgages. You then have to start by comparing
mortgage rates and the options being offered. read more...
Lock In Your Rate: Refinance Now
The rate that you are quoted when you are shopping for a mortgage might be entirely different
when you go to settlement.

A rate-lock, or lock-in, is a commitment by the lender to guarantee and hold a specific rate for
a specific time period. You may lock in the rate when you make the loan application, during
processing of the application or after your loan is approved. The rate lock-in protects you from
rising mortgage rates before the deal closes. However, what happens if the rates fall? Will you
get the lower rate? And if you get the lower rate? Is this considered a new rate lock, and do you
have to pay again? To avoid any disappointment, you need to have these questions
addressed. read more...
HARP Mortgages: Now Is The Time To Refinance
Home Affordable Refinance Program (HARP) is one of the solutions for borrowers to refinance
their mortgage loans. HARP is also a strategy used by President Obama to get the housing
market back on track to profitability. read more...