Many lenders have limits on how soon after a property is taken off the market it can be refinanced; at Ethical Homes, we can refinance properties as soon as 1 day after they are removed from the market. Read the rest of this entry »

For borrowers who currently have FHA mortgages, using an FHA Streamline Refinance can provide significant savings, and can often also allow minimal documentation and looser underwriting guidelines, which in some cases can allow refinances for borrowers/properties that otherwise might not be eligible for refinances. Read the rest of this entry »

There are many criteria that need to be looked at to determine if a homeowner is eligible for a HARP refinance; many of them will need to be reviewed with your mortgage consultant, but one of the first steps can be easily done by the homeowner for themself. Read the rest of this entry »

HUD announced today what has been rumored for a while, namely that they are expanding the guidelines on the Home Affordable Refinance Program (HARP), to make it easier for homeowners who are “underwater” on their mortgages to take advantage of low interest rates and refinance. Read the rest of this entry »

Melissa B., an expat FSO and first-time buyer, was moving to the D.C. area and had just a few weeks in which to purchase a new home before starting her new job; working with Ethical Homes, she found a condo apartment in downtown D.C. that met all of her needs after just 4 days of searching. Read the rest of this entry »

The short-term indices that determine the rates charged to holders of ARMs have been rising steadily for a while now, and long-term rates have finally started to rise as well; as a result, many homeowners who used ARMs to purchase their homes should at least consider refinancing their loans as fixed-rate mortgages to lock in the still-relatively-low rates before they vanish. Read the rest of this entry »