HARP Refinance Home Loan

HARP Refinance Home Loan from United Fidelity Funding

By: United Fidelity Funding  09/07/2016
Keywords: Refinance, Property Mortgages, Investment Homes

HARP refinance loan for your mortgage Millions of homeowners found themselves in a difficult predicament after the U.S. housing bubble burst in 2006. As inventories soared nationwide, home prices plummeted. Many new homeowners saw the value of their homes drop below the balance of their mortgages, or nearly so. Later, these same homeowners were prevented from taking advantage of lower interest rates through refinancing, since banks traditionally require a loan-to-value ratio (LTV) of 80% or less to qualify for refinancing without private mortgage insurance(PMI). Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume the homeowner owes $120,000 on the mortgage. In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance. If the homeowner was not already paying for PMI, the added cost could nullify much of the benefit of refinancing, so the homeowner could be effectively prohibited from refinancing. To Learn More Visit http://uffhomeloans.net/ or call David Fothergill at (866) 760-0600 for FREE CONSULTATION no strings attatched.

Keywords: banking service, Broker, Buyer Broker, Estate Homes, Investment Homes, Investment Loans, Loan Calculators, Property Mortgages, Ranch Style, Ranch Style Homes, Real Esate Listings, Real Estate Listing Service, Refinance, Residential Loans, single family

Contact United Fidelity Funding

Email

Print this page

Other products and services from United Fidelity Funding

USDA Home Loan from United Fidelity Funding thumbnail
09/07/2016

USDA Home Loan

The USDA Home Loan(also know as the farmers loan) changed rules in 2009 and now offers a 0% down payment to more than just farmers, see if you qualify at UFF.


Free Mortgage and Home Loan Information from United Fidelity Funding thumbnail
09/07/2016

Free Mortgage and Home Loan Information

United Fidelity Funding offers use a multitude of tools including mortgage calculators, a home loans dictionary or glossary, pre-qualification, and FREE CONSULTATION so act now!


Jumbo Home Loan from United Fidelity Funding thumbnail
09/07/2016

Jumbo Home Loan

The Jumbo Home Loan is an amazing opportunity for home buyers who are looking to purchase a larger home, learn more and get free consultation here!


VA Home Loan from United Fidelity Funding thumbnail
09/07/2016

VA Home Loan

The VA home loan is an amazing opportunity for our countries veterans, learn more here!


FHA Home Loan from United Fidelity Funding thumbnail
09/07/2016

FHA Home Loan

Learn more about the FHA Home Loan, it's a great opportunity for first time home buyers!


Free Consultation from United Fidelity Funding thumbnail
09/07/2016

Free Consultation

Our experienced home loan officer David Fothergill offers FREE MORTGAGE LOAN CONSULTATION and can be reached at (866) 760-0600.