Understanding FHA Loans
Updated Oct. 9, 2013
The FHA Streamline Refinance is a special mortgage product, reserved for homeowners with existing FHA mortgages. Homeowners with conventional mortgages via Fannie Mae or Freddie can't use it. FHA Streamline Refinances are the fastest, simplest way for FHA-insured homeowners to refinance their...

Understanding HARP 2.0
Updated Oct. 9, 2013
Home Affordable Refinance Program (HARP) is a government-backed refinance program. It was launched in 2009 as a tool to stimulate the economy. At the time, mortgage rates were falling but few homeowners were able to refinance because they had lost too much equity in their respective homes. HARP waived certain...

Understanding Homestead Declaration
Updated Oct. 24, 2014
Homestead Declaration Given the current housing and foreclosure crisis, it is not surprising that many people are interested in Homestead Declarations. Unfortunately, there are many unscrupulous websites and companies that are attempting to illegally capitalize from confusion over California's...

Understanding Credit Scores
Updated Oct. 9, 2013
A consumer's credit score directly influences their opportunities to be approved for loans or establish revolving credit accounts. It is also important to consider that credit scores have a profound impact on interest rates in terms of what a bank or lender might offer a consumer.. A consumer having a low...