Much ink in the press has been expended writing about the under performance of the mis-named Obama Mortgage Relief Plan. It’s really called the Making Home Affordable Program and with the recent changes it may finally be starting to provide the assistance to those who need it. Removal of the LTV cap, reduction or removal of some fees and an extension until December of 2013, have seemingly energized the plan which languished for a couple years with few takers.
The fact that the economy seems to have stabilized a bit probably doesn’t hurt either. No great job gains but not as many losses either.
The MHAP plan has many different aspects to help a wide range of people with a wide range of concerns and although the HARP (Home Affordable Refinance Program) gets a great deal of press, there are plans that will reduce interest rates both temporarily and permanently depending upon the plan and the mortgage holders circumstances. There is even help for those people whose situation is such that moving out and giving up their home is the only option left.
If you have been reading about the program and are experiencing some financial difficulties but have never visited the MHA website, you should do so. There just may be a program or some assistance available to you about which you may not have heard. If you are a veteran or widow of a veteran there have been some changes made in programs that can be accessed on the VA site or for active military programs are outlined on the Army Corps of Engineers website as they administer programs for active military members.
Whatever program in the MHA arsenal works for you the mortgage experts at LoanexFastCash.com can help you to understand the requirements and help you reap the benefits. We have the companies who can provide the refinances providing you have an FHA, VA, Fannie Mae or Freddie Mac loan as that is the basic requirement for all of the Making Home Affordable plan. Need help, a simple online application and it’s just a click away!

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If you’ve got an FHA loan and want to take advantage of today’s historically low rates, now is the time. Although the FHA Streamline refinance program has been around since the 1980’s with today’s low rates it’s an attractive option for those who’d like to save money. Since there are fees involved FHA approved lenders have two different ways to handle these refinances. For those who have the money available to pay the fees upfront, you will be offered today’s low rates. For those who may be cash strapped and find it difficult to pay these fees up front the lenders are making offers to do it with no charges but at slightly higher rates from which they will recover the costs.
Under FHA streamline rules the refinance must result in a lower payment for the mortgagee or it will not be approved. You must be current with your payments and not in default and no cash maybe taken out of the refinance. If you are struggling with your payments and want to put some money back in your pocket by reducing your monthly mortgage payment consider an FHA streamline refinance.
Not happy with you current lender, there are many approved FHA lenders who are interested in your business and would be happy to be of assistance. Don’t know how to contact them? LoanexFastCash.com does! By filling out our simple application form our mortgage experts will get the process that can save you money every month started today!
Here’s the basic requirements:

You must currently have an FHA backed mortgage. This is not a program for people wishing to switch to an FHA mortgage
The mortgage to be refinanced must be current (not in default).
The refinance must results in a lowering of monthly principal and interest payments, or with certain provisions, converting an ARM to a fixed rate product.
No cash is available when using the streamline refinance process.

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Are you upside down with your car loan?  This means you owe more than the car is worth.  Has your financial situation changed where you are having a difficult time making your car payments? Are you not satisfied with your car? This is not an unusual problem.  There is help for you.

First, find your loan contract.  Look at the terms.  How many months is the loan for?  What is the interest rate?
Read the contract to see if there are penalties for paying off your car loan early.
Call your lender to find out the way to payoff your car loan.
Find out how much your car is worth.  You can go on the internet and find the value of your car.

Once you are armed with this information, you are now ready to see what options are out there.  There are several possibilities for you!

If you have just purchased your vehicle, there is usually a window within the first couple of days that you are able to return the car with no penalties.
If the car is not operating properly and the dealer cannot repair your problem, check and see if there is a “lemon law” in your state.  If your car qualifies and your state has the law, you may be able to be released from your loan.
Is your interest rate extremely high?  Your lender may have illegally charged you too high of an interest rate.  Once you point this out, your lender may refinance your car loan at a lower interest rate.  This would lower your loan payments.
You may not be able to pay your car payments at all.  You would need to sell your car or find someone to take over your car payments.  Usually, this requires the lender to approve.

You might need to just get lower car payments.  This can be accomplished by refinancing your current auto loan. Find an experienced car lender that specializes in financing car loans. At Loanstore.com, their auto financing experts are ready to help you.  They can possibly lower your interest rate and/or extend the length of your contract.  Both of these options will lower your car payments.
If you are having a hard time making your payments, you need to take action today.  You do not want to do anything that would damage your credit.  Be proactive! Your credit score stays with you for life.

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Are you having difficulty paying your bills each month?  Before you consider bankruptcy, you need to look at all your options.  Bankruptcy, while  an option will ruin your credit for up to 7 years and beyond.  Chapter 7 is when you have little property except for basic necessities and you have little money left over after paying your bills or are not even able to meet your bills.  It will eliminate all unsecured debts and this process is fairly quick.  Chapter 13 is when you have significant equity in your home or other property and have a regular income but still cannot keep up with your bills.  You should be able to keep most of your property and your bills a spread out over a 3-5 year repayment.  It is highly recommended you search for other options before contacting a bankruptcy lawyer. Avoid bankruptcy!
So, what are your other options? First, you need to total all of your debts.  Gather all your bills, statements, and include your daily expenses down to the last penny.  What are your assets?  How much equity do you have in your house, car, savings, or other property?  Now divide and conquer.

What is your good debt?  These are your home loan or student loan or bills with no interest.
Your bad debts are:  Credit cards, Personal loans, High interest bills and medical bills.
Total up all your bills and expenses.  Include everything like food & gas, down to the last piece of bubble gum.
Divide your expenses into 2 categories: Necessities and Non-Necessities.  Necessities are what are needed for you to survive.  A roof over your head and food in your stomach.
Add up your minimum payments on your debts and the total of your necessities.  This is what has to be paid each month.

Now, how much income do you have each month?  Take that figure and subtract what has to be paid. Are you in the negative or very close? If this is the case, then you need to look at alternatives to avoid bankruptcy.  Where can you save?  Sometimes you can only cut back so much.  Take a look at your debt.  Do you have a lot of small bills or bills with high interest rates?  Debt consolidation may be your answer.  What this does is combine all your bills into one monthly payment.  In most cases, the interest rate will be lower and so will your monthly payment.  Find a reputable debt consolidation lender such as Loanstore.com.  They can give you advice and hopefully come up with a low rate debt repayment plan.  Know that there are fees associated with these repayment plans.  Ask about these costs.
If you decide to take this path, remember you do not want to wind up in the same situation in the future.

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With interest rates at an all time low, now might be the time for you to refinance your current auto loan. You might ask, should I refinance a car? First, you need to gather information that you will need to make a sound financial decision.  Find your current car loan papers.  Check out the interest rate charged and the length of your loan.  Then find out what your credit score is.  You can do this for free by going on the internet. Once this information is gathered, check out some reasons you should consider refinancing your car loan.

You can lower your Interest Rate.  If you can drop 2 percentage points for example going from 6% to 4%, you can save money over the life of your loan.  If you had bought a new car, now it will be considered used.  This can cause a higher interest rate. But it would still be profitable to check into refinancing.
Has your Credit Score improved?  If your credit score was low when you first made your car loan, you are probably paying a higher interest rate.  With a higher credit score, you will be able to get a lower interest rate.  Save some money with auto refinancing.
With lower interest rates come lower car payments.  Can you use a little extra money each month to take care of other expenses?  Refinancing would do the trick.
Maybe paying off your car loan earlier is in your financial plan.  With lower interest rates, you can shorten the number of months to pay your loan off, while keeping the same loan payments.  This would allow you to purchase other items sooner than you thought.
Did you lease your last car?  Is the lease coming due and you want to keep the car?  Refinancing would be your option.  You might be surprised with your payments. Then in the end you would own your car.

There are many reasons to refinance your car loan but the ultimate goal is to lower your payments or pay your loan off quicker.  With low interest rates, now is the time to seize this opportunity.  Finding a reputable lender with low interest rates is your next step.  Log on to LoanexFastCash.com.  They will guide you through your refinancing process and let you know how much you can save.  Saving money is a good thing!

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There are many factors which influence a homeowner’s eligibility for a refinance of their home mortgage some of the most important ones are:

A debt to income ratio of 38% or less, a calculation that takes into account your income, housing cost and other debts. A lender is the best person to determine this important number for you. Too much debt, consider paying down your bills before applying
Your home’s current value, most lenders will only consider a refinance if the LTV is 80% or less. There are government programs that are part of the Making Home Affordable Program for distressed real estate.
FICO score, though at this point it is difficult to say what score will disqualify you, the payment of your bills on time is what they are looking for.

The answer to the question, Can I get a Mortgage Refinance? is in the factors mentioned above. So, how to get a mortgage refinance begins by knowing that information and then determining where you want to go for refinancing. Many people begin with their current mortgage servicer since they have had a relationship with them and they presumably have much of the original paperwork, though this may not reduce the documentation required for the refinance it may help.
Of course the final factor to consider is whether it makes sense. Will you be able to get a lower interest rate which will not only lower your monthly costs but also the cost over the lifetime of the mortgage? Will a refinance allow you to make the same payment but shorten the term of your mortgage going from a 30 year to a 20 for instance? Will refinancing allow you go away from an Adjustable Rate Mortgage and into a fixed mortgage? Since refinances often involve significant fees and charges it’s important to make sure that a refinance makes sense in your situation. For example, if  a refinance means that you must plow all the costs fro the refinance back into the mortgage how much will your actual savings be?
If you’re sure you want to pursue a refinance why not begin right here at LoanexFastCash.com. We have the contact with mortgage professionals who can ease you through the whole process. It’s simple, online and the service is second to none!

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The MHA program popularly known as Obama Housing Plan 2012 has many facets to assist homeowner who were hard hit by the “Great Recession.” In April 2012, there were several modifications that were designed to make it even more user’ friendly and open it up to a greater number of underwater mortgages. The former LTV ratio which topped out at 125% was removed allowing some of the hardest hit mortgagee’s relief, many fees and requirements were either reduced or done away with and the program was extended until December of 2013 from December of 2012.
What do these changes mean for you? If the program previously did not fit your needs because of the cap, or if the fees and some of the regulations had you stopped, check again as the changes may have made the difference. Since one of the earlier requirements was a rule about delinquency and late payments within the past year, the new extension may allow people who have recently gotten control of their finances to qualify where they could not before. The fees and requirements have been reduced or  in some cases eliminated entirely allowing cash strapped homeowners to benefit from the Obama mortgage refinance program called How Qualify For HARP 2.0 in most press releases.
Some of the provisions do remain the same. Your mortgage must still be backed by Fannie Mae or Freddie Mac or have been acquired by them prior to May of 2009. In most cases, a previous refinance under the provisions of MHA disqualifies you from any further participation in the government program. Since the program is rather complex, homeowners would be well served to return to the MHA website periodically to see if any changes which may have been added will impact them.
If this all seems to complicated there are people who can help you to not only answer your questions but who can also put you in touch with lenders who provide the refinancing. The first place to go however is your current mortgage servicer to ascertain if your mortgage is backed by Fannie or Freddie. If it is and you’re unhappy with your current mortgage provider turn to the LoanexFastCash.com where help is only a click away. Filling out the simple online form you can find on our website will put you in touch with mortgage professional who will be able to walk you through the whole process.

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Like many other government backed mortgage programs the FHA streamline refinance program guidelines has been modified in hopes of stimulating the sluggish housing market. With the announcement that in many markets that prices have stabilized and are even on the rise, now maybe the time to refinance before interest rates go up!  The latest effort involves the reduction in mortgage insurance rates by as much as 99% for those who choose to refinance through this program. Though the streamline program does not allow for a homeowner to take cash out of the refinance, with today’s low FHA streamline finance rates the savings every month can be significant.
The streamline process is like its name implies, a reduced paper work and underwriting process though not a process without cost and an option which has been offered by the FHA since the early ‘80’s.
The basic requirements of a streamline refinance are:

Mortgage must already be FHA insured
The mortgage cannot be delinquent
The refinance must result in a lower payment though is some cases it may also be used to finance out of an ARM (Adjustable Rate Mortgage)
Homeowner cannot take cash from the transaction

Streamline refinances can be offered in several ways; the lender offers it at “no cost” by charging a higher than market rate than if the mortgagee paid the closing costs in cash, market rates with closing cost paid by borrower but the lenders may not include the closing costs in the new mortgage. For investment properties which are not owner occupied as a principal residence, the FHA only allows a refinance without an appraisal.  The complete details can be found on the HUD website under FHA Streamline Refinance.
If you find all of this confusing the LoanexFastCash.com has mortgage experts who can help to explain the whole process while guiding you every step of the way. If you are interested in saving money on a monthly basis as well as over the life of your mortgage loan contact the experts at the LoanexFastCash by filling out our simple online application. As your online financial superstore we’re here to help with all your mortgage refinance questions and needs.

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In case you missed it, the government announced further revisions to HARP back in April, revisions that were designed to make more struggling homeowners eligible. The HARP program which is a part of the Making Home Affordable Program had been less than successful and certain revisions have been made to attract further interest.  Here are some of the highlights of those revisions:

An extension of the ending date from December 2012 to December 2013 this change may allow those whose eligibility was affected by late payments to get current.
Removal of the cap on LTV formerly at 125%. With the upper limit removed those homeowners who saw there home values drop sharply will now be eligible.
Reduction or removal of certain fees and requirements for the refinance. For some struggling homeowners the additional fees and paperwork were a stumbling block to refinance, the new HARP program has reduced much of that.

Some of the program requirements remain the same. HARP still is only available to those with Fannie Mae or Freddie Mac secured mortgages and many other qualifications remain unchanged. If the original program did not fit your needs, take a moment to go to the government website and re-assess your eligibility. You may find that the programs changes will make a refinance under this program more attractive now. Certainly the removal of the LTV cap will make those homeowners whose home is in a severely impacted market better able to refinance.
How to get a home affordable refinance program begins with your current lender, though it may not end there.  Contact your current lender to determine if your current mortgage is backed by Fannie or Freddie, if so you can then proceed with your current lender or if you are not satisfied with them look elsewhere for a program .
One of the places to look is the LoanexFastCash.com which has connections to experts and lenders who can help you through the whole process. With the whole mortgage process a mystery to many, having someone to assist you in the process can help to a successful conclusion. Let us help you prevent foreclosure and protect your family’s greatest asset.

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Today, with interest rates on car loans at an all time low, even people with bad credit can have the option to refinance their auto loan. You do not have to be stuck in your high interest car loan. We all can get into credit problems, some of which is unavoidable due to unexpected expenses, loss of a job, illness, divorce and the list can go on.  Let’s concentrate on the Now!  By refinancing your auto loan, you can lower your monthly payments and/or shorten the time you will owe on your car.  This will give you some breathing room with your bills and also an opportunity to improve your credit rating. What do you need to do to obtain refinancing on a used car loan?

Find out what you still owe on your car loan.  You can call your lender or look on your recent loan statement.  What is the payoff of your loan?

You need to determine what your vehicle is worth.  To do this, you need your car information: Year, Make, Model, Mileage and your VIN (Vehicle Identification) number.  Then find Kelley Blue Book on the internet and fill in your information.  They will give you the loan value on your vehicle. This is what the lender will use to determine how much they will lend you.

Hopefully you have maintained a good payment history on your present loan.  This will help you with obtaining your refinanced auto loan.  If not, at least be current with your loan payments when you apply for this loan.  It will help.

Start looking for lenders that specialize in bad credit auto loans.  Make sure you shop around to find your best options of low interest rates and terms of loan.  Even though you don’t have the best credit, it doesn’t mean that there are no options for you.  Watch out for hidden fees they may charge you.  Check out the Loanstore.com.  They specialize in these loans and would be happy to help you out.

There are always options out there for people with bad credit.  If you do get the opportunity to refinance your current car loan, you need to take advantage of the opportunity to improve your credit.  You need to pay your bills on time and continually pay off bills. By doing this, you will your improve your options when borrowing money the next time.

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