One major part of the recent economic catastrophe we encountered was the downfall of our housing market which crushed home values in Michigan making it nearly impossible for homeowners to refinance.  Luckily things have begun to slowly repair themselves but not without some major help along the way.  There are plenty of homeowners out there [...]

We have seen a lot of help including programs enlisted to help homeowners with loans underneath Fannie Mae and Freddie Mac.  Those aren’t the only two companies American homeowners held loans under though.  That’s why a collective effort by Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and Ally Financial came to an agreement [...]

What’s one thing homeowners have in common?  Well that’s pretty obvious, mortgages.  For most people a mortgage is necessary in order to afford a home whether it be a 15 year or a 30 year fixed rate mortgage.  Unfortunately times are hard for many American house holds so wouldn’t it be great to refinance and [...]

If you previously watched President Barack Obama’s State of the Union speech, you may recall him making some remarks about a new mortgage refinance program.  On top of the already instated Home Affordable Refinance Program (HARP), this will help expand the saving potentials of this program for homeowners in currently rough positions. As the President [...]