If you are a Veteran and currently have a VA mortgage loan, you may be eligible for a VA “Streamline” Refinance or as the VA calls it, an IRRRL which stands for Interest Rate Reduction Refinancing Loan.
A reverse mortgage enables the borrower to own a home without making a monthly mortgage payment and without negatively impacting the continued appreciation of the home. There is never a risk of ever losing the home.
Announced in March 2009, the Home Affordable Refinance Program (HARP) is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. However, as of Aug. 31, only 894,000 borrowers have refinanced through HARP. On Oct. 24, 2011, President Obama announced an overhaul…
Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing HARP 3.0. The push for more HARP would allow private-label loans to be refinanced through the GSEs, Compass Point said. Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing…
Jon Hilsenrath explains how Wall Street is watching the Federal Reserve with wary eyes as it feels the Fed has overestimated economic growth which could result in the tapering of its bond-buying program.
Mark Livingstone, President and Owner of Cornerstone First Financial, makes an appearance on the John Fredericks Show to discuss the state of the mortgage market and take listener calls.
Dear Mark, WOW! You are to be commended for such a professional organization in Cornerstone First Financial. Our refinance with Emily handling everything went without a hitch and we are so grateful for the service she provided. She’s such a gem! We’ll call and gladly refer you! Sincerely, Paul and Carol Thompson
Mark Livingstone, President and Owner of Cornerstone First Financial on The Don Kroah Show on WAVA 105.1 FM / AM 780 on May 14, 2013.