Greg Cowart on Zillow
Greg Cowart - Mortgage Broker or Lender at The Securus Group
Greg Cowart - Roseville Loan Guy

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HARP myths debunked…

Tracy Mooney, Senior Vice President of Freddie Mac put out an insight on the mortgage giant’s blog today discussing some common misconceptions about the HARP program. Here is the link, check it out for the top 9 myths about HARP (such as myriad of ideas people have as to why they do not qualify for […]

New guidelines on FHA Streamline Refinances are life changing for some!

The government just made refinancing your FHA mortgage more affordable, and more importantly possible, at least for a few hundred thousand homeowners that couldn’t take advantage of today’s rates before (June 11th).

The Federal Housing Administration has reduced MI (mortgage insurance) fees significantly for SOME homeowners who qualify for the FHA’s […]

HARP 2.0: The Facts!

With more than 11 million homeowners underwater on their mortgages, 2008’s HARP (Home Affordable Refinance Program) mortgage has been updated to allow more homeowners to refinance their mortgages, taking advantage of today’s historically low interest rates. AKA: HARP 2.0…

The first edition of HARP was a great idea, in theory anyways. […]

The ALL-TIME, all time lows are here!

Interest rates on homes continue their downward trend. GSE Freddie Mac reported that the average 30-year fixed-mortgage rate sank to 3.91% last week, setting an all-time record low. 15-year fixed rates settled in at a historic low at 3.21%.

To put the declines into perspective, today’s homebuyers are paying over $1,200 less per year on […]

New Mortgage Help Center in Sacramento

When it opens in a few days, Sacramento area homeowners will have a new resource in Fannie Mae’s new Mortgage Help Center. The new center will provide counseling for homeowners that owe more on their home than it is worth as well as those seeking to modify their loans. To qualify for the […]

New refinance system being considered

The administration is now considering a new refinance program that would provide millions of homeowners with new, lower interest, lower payment mortgages…

The initiative would reportedly allow borrowers with loans backed by Fannie Mae and Freddie Mac to refinance at today’s rates, even if they are in negative equity or have […]

Is the “loan mod” business dead? Is that a bad thing?

As of January 31, 2011; the FTC has banned consulting firms from charging up-front fees for negotiating modifications of residential mortgage loans. In Nevada, the Mortgage Lending Commissioner said the constraints of the federal rule “will have substantial impact” on the number of licensed consultants for mortgage loan modifications. His office counts 39 […]

Being seduced by a 15 year mortgage?

Mortgage rates are sitting at record lows. If you haven’t refinanced lately, maybe you should consider it. And when you do, don’t be tempted to obtain a 15-year mortgage. Instead, stick with the 30 year fixed. Let me tell you why…

We’ll say you’re refinancing a $250,000 mortgage and you have two choices, […]