The Elite Equity mortgage calculator provides more information about a loan than your typical. By inputting some basic information you will get more detailed information than any physical mortgage calculator. It breaks down amortization, interest, and accurate...
Homeowners have been asking this since 2012 when our economy was in recovery mode. The quick answer, Not Much Longer. We can talk about how interest rates work and why they fluctuate when the Fed makes an announcement or Europe’s economy becomes unstable....
If you own a home and are looking to either sell or refinance, you are in a very good position. If you’re considering selling your home, it’s no secret that Los Angeles Real Estate has always been and will continue to be a hot commodity. If your house is priced right...
Beginning June 11, 2012, FHA will lower both mortgage insurance premiums (UFMIP & Annual MIP) to encourage homeowners to refinance their current FHA loans and take advantage of these historically low-interest rates. The specific changes made to the mortgage...
HARP is an acronym that stands for the “Home Affordable Refinance Program.” The program was created in order to let borrowers, who got into a home prior to the housing crisis, refinance their mortgage despite the fact that their home value has decreased since they...
Fannie Mae and Freddie Mac – the largest buyers of residential loans in the United States – have both recently stated that they will be revamping the HARP program (Home Affordable Refinance Program). HARP was originally introduced by President Obama in 2009 with the...
