HARP 2.0 Offers 2 Big Advantages to Homeowners

The Home Affordable Refinance Program, aka HARP, has been rolling out slowly as an improvement over the first HARP version of the program. Although refinancing your home may not make sense if you are “underwater” on your mortgage, HARP 2.0 has some big advantages that could make a huge difference in your life. Listen in as I discuss two of the biggest advantages, what they could mean to your budget, and what is required.

Length: 3:17

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Should FHA Loan Limits Be Increased?

Would the current housing market benefit if the FHA loan limits were increased? Do you think an increase in these limits would benefit you in your local housing market? Listen as my guest, Bryan Robertson from the Sereno Group Los Altos  and I discuss the viability of increasing FHA loan limits.

Length: 2:21

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Do You Understand the Differences Between Home and Auto Financing?

Do you understand the major differences between  home and auto financing? Were you under the misconception that auto financing is primarily driven by your FICO aka credit score? Listen in as my brother Marc and I discuss the many components that differentiate auto from home loans.

Length: 2:40

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Strategic Defaults: How to Wade Through What Makes Sense

A strategic default is a decision made by a borrower to stop making mortgage payments. This decision usually occurs after a substantial drop in the value of the house results in the mortgage debt being considerably higher than the value of the property.

Listen as Cara Milgate of the Law Offices of Kristy Hernandez discusses how borrowers in this situation should review their options and gives some examples of what may or may not make the best course of action.

Length: 2:04

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2 Main Forms of Loan Modifications in Today’s Market

Loan Modifications: What’s Involved and What’s the Cost?

How to Protect Your Loan Modification from a Foreclosure Sale

How to Protect Your Loan Modification from a Foreclosure Sale

If you have gone through the process of modifying your mortgage note, how do you know for sure that the change will be permanent? What happens if your house has already been scheduled for a foreclosure sale? Listen as Cara Milgate of the Law Offices of Kristy Hernandez gives great advice on what confirmation to look for and what steps you can take to protect your home from being swept away in a foreclosure sale.

Length: 3:07

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2 Main Forms of Loan Modifications in Today’s Market

Loan Modifications: What’s Involved and What’s the Cost?

Loan Modifications: What’s Involved and What’s the Cost?

Most people’s first question about loan modification is “How much does it cost?” Listen as Cara Milgate of the Law Offices of Kristy Hernandez discusses the various steps involved in obtaining a loan modification. Learn what fees you are allowed to be charged and what needs to be accomplished for you to pay for the entire process.

Length: 2:27

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2 Main Forms of Loan Modifications in Today’s Market

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Strategic Defaults: How to Wade Through What Makes Sense

2 Main Forms of Loan Modifications in Today’s Market

While you might understand that the goal of a loan modification is to lower your monthly mortgage payment, you may not know how modifications are currently being structured. Listen as Cara Milgate of the Law Offices of Kristy Hernandez describes what a principle deferment and a waive are and how they work. Learn how interest rates are impacted in these kinds of loan modifications.

Length: 2:08

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The Right Time to Lock a Mortgage Interest Rate

When is the best time to lock an interest rate? Hear  Adam O’Donnell of Guaranteed Rate share his philosophies about the different strategies for purchase and refinance loans. Learn what makes you “lockable” and gain a new perspective on what makes a great rate for you.

Length: 2:40

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Benefits of Working with a Mortgage Banker

Savings Benefits of Single Premium Mortgage Insurance

Savings Benefits of Single Premium Mortgage Insurance

In today’s economy, who is not looking for ways to reduce your monthly expenses? Listen as my guest, Adam O’Donnell of Guaranteed Rate and I discuss what single premium mortgage insurance is and how it can help you to lower your monthly housing expense and increase your tax deductions.

Length: 2:28

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Self-Employed Borrowers: Tips to Help You Qualify for a Mortgage Loan

Self-Employed Borrowers: Tips to Help You Qualify for a Mortgage Loan

Adam O'Donnell

If you are a self employed person, there are things you can do to help yourself to qualify for a mortgage loan or refinance.  Listen as my guest, Adam O’Donnell of Guaranteed Rate and I provide you with tips on how you can handle your income and expenses in a way that will positively impact your ability to qualify.

Length: 3:37

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