Posts Tagged ‘Lending’

HARP – the magic bullet for housing and the economy?

| Harlan Griswold III

There is excitement among under-water homeowners and others, about the newest program coming from the Government, called HARP. HARP stands for Home Affordable Refinance Program; it’s known informally as the “short refinance”. It will allow homeowners with no equity and those who owe more than their home is worth, to refinance into today’s record-low interest ...       [Read More]

There is excitement among under-water homeowners and others, about the newest program coming from the Government, called HARP. HARP stands for Home Affordable Refinance Program; it’s known informally as the “short refinance”. It will allow homeowners with no equity and those who owe more than their home is worth, to refinance into today’s record-low interest [...]

Using the $8000 for money down, closing costs on FHA loans

| Harlan Griswold III

For weeks, the subject of HUD allowing buyers to use the $8000 Federal tax credit for FHA money down and closing costs, was bandied about, with no real expectation it would actually become a reality. On Friday, May 29, 2008 HUD announced they would indeed allow the use of this tax credit for money down ...       [Read More]

For weeks, the subject of HUD allowing buyers to use the $8000 Federal tax credit for FHA money down and closing costs, was bandied about, with no real expectation it would actually become a reality. On Friday, May 29, 2008 HUD announced they would indeed allow the use of this tax credit for money down [...]