Mortgage Rates Reach Record Low; HARP Applications Spike

Deals are just harder, order mind but why?
It would be easy and cheap (and not very popular with me) to blame the lawyers for this, but there is something more, and very tangible, going on here. Commercial real estate was never graced to the “No Doc. Loans” that made the housing market the …
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Question by : Can I shop for other lenders through a mortgage broker under the new HARP refinance guidelines?
I believe I am eligible for a HARP refinance with my current lender (Citi), medicine but Chase (a participating HARP refinance lender) advertises better rates. I have a close family friend in the mortgage industry as a mortgage broker and I was wondering if I am able to use his brokerage to look into other options for my HARP refinance, sildenafil Any thoughts?

Best answer:

Answer by Shawn H
I believe this should help you:

http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx

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Question by mmcpo29: No docs loan/stated income home loans?
I need some help with no docs/stated income home loans.
My husband and I are in the process of getting pre-approved for a home loan. I was assigned a loan officer that asked for all documents, website like this W-2, look pay stub, ailment bank statements, 401K. I provided him with all documents. He told me he will be using a stated loan because the fact the my husband pays child support will disqualified us. My husband credit is in the upper 700’s close to 800 for the highest and mine low 700 lowest 706.
Now here come the question is this loan officer trying to take advantage of us? If we provided proof of income don’t we should be doing a full loan documentation? Oh and he is using my credit score vice my husband and he stated the reason child support again, we were approved already for a mortgage but the loan officer was not honest and we backed out of the deal and child supports was never an issue.
I live in the San Diego, CA area.
Can I make this loan officer use my husband score and full loan doc?
Thx

Best answer:

Answer by little eccy
You can’t make him do anything, he is only doing his job. find another source to get your loan and ask up front on all relevant info regarding getting the loan. Doc/no docs, stated income, interest rate, points if any, appraisal fee, pre payment penalty. have him put everything in writing so you know exactly what you will be getting.

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Mortgage Rates Reach Record Low; HARP Applications Spike
Mortgage rates improved for conforming mortgages, more about FHA mortgages, link VA mortgages and USDA loans. Jumbo mortgages improved slightly, too. Click here to get today's mortgage rates. Freddie Mac : Mortgage Rates At 3.49% Nationwide. Thursday, Freddie Mac's …
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Take Advantage Of The Lowest FHA Streamline Refinance Rates To Save Your …
All that applicants need to make sure is that their present home mortgages are being owned or guaranteed by the FHA and that they are current on their monthly mortgage payments for the past 12 months. It is needless to say that FHA streamline refinance …
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