Archive for April, 2012

Know Your Options

With the release of the new HARP 2.0 refinance program, the one that allows underwater homeowners to refinance, many banks are struggling to approve and close loans in a timely manner. Some of the larger banks are so backed up and slow in approving loans that they are requiring a 60 day minimum lock for anyone who wants to lock in their interest rate.  They are not allowing shorter lock periods because they simply can’t meet the deadline for a ...

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