Refinancing and Reverse Mortgages Archives - search4answers.com
  • what-is-a-reverse-mortgage-and-how-does-it-work-featured

    What is a Reverse Mortgage and How Does it Work?

    Reverse mortgages are a home loan option for senior homeowners over the age of 62. The loan allows homeowners to tap into the equity they have invested into their home over the years to pay unexpected expenses or increase their quality of living. The equity in the home is...
  • 5-disadvantages-of-taking-out-a-reverse-mortgage-featured

    5 Disadvantages of Taking Out a Reverse Mortgage

    For a lot of seniors, a reverse mortgage is an excellent method to improving their financial situation during retirement. Reverse Mortgages are providing enhanced financial security, an improved lifestyle, and monetary aid to hundreds of older Americans. However, there are a number of disadvantages. Some of the disadvantages of...
  • How-Much-Does-a-Reverse-Mortgage-Cost-Featured

    How Much Does a Reverse Mortgage Cost?

    Reverse mortgages have become more and more popular as the baby boomer generation ages into retirement. Unlike a traditional mortgage, a reverse mortgage uses your home as collateral against a loan that you can use to supplement your income. However, instead of receiving the proceeds of the loan in...
  • how-to-find-the-best-reverse-mortgage-company-featued

    How to Find the Best Reverse Mortgage Company

    A reverse mortgage can help you get equity out of your house, but it’s a major decision to make. Picking a good lender can make the situation easier, smoother, and better overall. This guide may help you choose a great reverse mortgage company to help you get the money...
  • Applying-for-a-HARP-Loan-Featured

    Applying for a HARP Loan

    The Home Affordable Refinance Program (HARP) is an alternative financing structure that is meant to allow people who are up-to-date on their mortgages to stabilize their home purchase through refinancing. HARP is meant to focus on helping people who are unable to get traditional financing because of the declining...
  • Are-you-Eligible-for-HARP-Refinancing-Featured

    Are you Eligible for HARP Refinancing

    You may be considering refinancing your home for a wide variety of reasons. You may want to switch to a fixed-rate mortgage rather than a variable-rate mortgage. You may be struggling financially and may want to lower your payments or your interest rate. Perhaps you want to perform a...
  • harp-refinancing-a-history-featured

    HARP Refinancing: A History

    The Home Affordable Refinance Program (HARP) is a U.S. federal program that began in 2009. The goal of the HARP refinancing program is to help struggling homeowners refinance their mortgages. The following is a short history of HARP and how the program continues today. The Crisis After the U.S....
  • when-should-you-refinance-your-home-mortgage-featured

    When Should you Refinance your Home Mortgage

    Refinancing your home mortgage is a major financial decision, but it’s also one that has the potential to save you thousands of dollars over the life of your loan. Refinancing your mortgage can help you to pay less every month, pay your mortgage loan at a faster rate, or...
  • How-to-Apply-for-a-HARP-Loan-Featured

    How to Apply for a HARP Loan

    The Home Affordable Refinance Program (HARP) is an alternative financing structure that is meant to allow people who are up-to-date on their mortgages to stabilize their home purchase through refinancing. HARP is meant to focus on helping people who are unable to get traditional financing because of the declining...
  • Why-do-People-Need-to-Refinance-their-Home-Loans-Featured

    Why do People Need to Refinance their Home Loans?

    The Home Affordable Refinance Program (HARP) is a federal program for struggling homeowners in the United States. The program was designed in 2009 by the Federal Housing Finance Agency. The agency created the program to help certain debtors refinance their homes without complications. Many people who own homes are...
  • harp-refinancing-the-pros-and-cons-featured

    HARP Refinancing: The Pros and Cons

    The Home Affordable Refinance Program (HARP) is a U.S. federal program designed to help homeowners who are struggling with their current mortgages. Before you apply for refinancing through HARP, you should consider the advantages and disadvantages of this type of loan. Advantages Lower Payments One of the reasons that...
  • Refinancing-your-Home-with-FHA-Loans-Featured

    Refinancing your Home with FHA Loans

    Homeowners considering refinancing of their properties may qualify for an FHA streamlined refinance loan, cash-out refinance loan, or a no-cash refinance loan. According to FHA loan rules, applicants for a new mortgage must meet the eligibility criteria, not be the same party as the original loan, and reside on...
  • what-qualifications-do-you-need-for-harp-refinancing-featured

    What Qualifications Do you Need for HARP Refinancing

    More than 75 million U.S. consumers own homes, and many of them have little equity in their homes. Such consumers may want to refinance their mortgages for various reasons, but traditional lenders usually deny refinancing for homes that do not have much equity. The HARP refinancing program allows people...
  • the-5-most-important-terms-about-harp-refinancing-featured

    The 5 Most Important Terms about HARP Refinancing

    The Home Affordable Refinance Program (HARP) has provided much-needed financial relief for thousands of Americans. People who have found that the value of their home has declined may be eligible to participate in HARP. The HARP refinancing program enables homeowners to refinance an existing mortgage so they can receive...
  • how-to-lower-your-mortgage-repayments-featured

    How to Lower your Mortgage Repayments

    Many people believe, quite mistakenly, that there is no way to reduce mortgage repayments once a deal has been struck with a loaning institution. However, the savviest investors recognize that this is one of the main ways to save money over the long term. Below are just a few...