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Millennials are refinancing in waves — especially older ones

Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks — especially with older-aged Millennials.

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HIRO Mortgage Program 2021: The High LTV refinance option

The HIRO program (high-LTV refinance option) lets homeowners refinance into today’s low mortgage rates with little or no equity and easier documentation.

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Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance

The Department of Veterans Affairs (VA) has proposed a new loss mitigation method to help homeowners with VA loans in COVID-19 related forbearance get back on track. The new program, known as the COVID-19 Veterans Assistance Partial Claim Payment program, or COVID-VAPCP for kind of shorter, somewhat mirrors existing programs offered by the FHA and [&hellip

The post Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance first appeared on The Truth About Mortgage.

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Housing affordability increases, reaching highest point in three years

Though the start of 2020 has had its challenges, it also has a new silver lining: increased housing affordability in many markets.

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Refinance soon to avoid the FHFA adverse market refinance fee

Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.

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Home Prices Are Expected to Rise Another 10% by Next November

If you’re an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. That’s on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip

The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.