Kim Darwaza Northern Virginia Real Estate

During his State of the Union address on Tuesday, President Barack Obama called on Congress to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record-low mortgage rates. While details of the program have yet to emerge, the new legislation - in theory - is designed ...

Earlier this week, the Obama administration and The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who could benefit from refinancing their mortgage. Over the past two years, FHFA has ...

A friend of mine that works at Freddie Mac sent me an email with the following useful information.  It has great information on when it is worth while to refinance even if you are not in trouble but just want to reduce your rate.  I think the hardest qualification for a lot of people is the LTV not exceeding 105%.  Also, if you ...