Refinancing Questions & Answers

Rate would be the standard as other FHA loans….

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Refinancing Questions & Answers

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    1. The following are the most commonly asked questions and answers about The Mortgage Forgiveness Debt Relief Act and debt cancellation: What is the Mortgage Forgiveness Debt Relief Act of 2007? The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, ... Debt used to refinance your home qualifies for this exclusion, but only to the extent that the principal balance of the old mortgage, immediately before the refinancing, would have qualified. ...

    1. With mortgage stories high the front-page news, people--whether they're buying a new house or refinancing--increasingly hit questions about the complicated issues at stake. Arranged in an easily reachable question-and-answer . ...

    1. With a lot of work we were able to get the prepayment penalty waived (this is a BIGGIE because the penalty was over $7000 in the event he sold his home or refinanced within the FIRST 3 YEARS of the loan!) Even though the terms were horrible , he DID close on ... As the process moves along, you want to have a real live person you can call to answer questions, follow up to be sure all the proper steps are being taken, and to hold accountable if/when they're not. Good luck! ...