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  2. How to refinance an underwater mortgage - AOL

    www.aol.com/finance/refinance-underwater...

    An underwater mortgage, also known as negative equity, is when you owe more on your home loan (either a primary or a second mortgage) than the property is currently worth. In other words, the ...

  3. Mortgage loan modification: What it is and how to get one - AOL

    www.aol.com/finance/mortgage-loan-modification...

    FHA loan modification: There are a few options for an FHA loan modification, ... (an underwater mortgage). Your lender will need to approve this type of sale, and it can have tax implications. ...

  4. Underwater mortgage: What it is and what to do - AOL

    www.aol.com/finance/underwater-mortgage...

    If your original loan is an FHA loan, you might be able to qualify for a streamline refinance. Unfortunately, Home Affordable Refinancing Program (HARP) loans were sunset in 2018, and Fannie Mae ...

  5. Home Affordable Refinance Program - Wikipedia

    en.wikipedia.org/wiki/Home_Affordable_Refinance...

    The homeowner must not have a previous HARP refinance of the mortgage, unless it is a Fannie Mae loan that was refinanced under HARP during March–May 2009. The homeowner must be current on their mortgage payments, with no (30-day) late payments in the last six months and no more than one late payment in the last twelve months.

  6. What is negative equity? A guide to underwater mortgages - AOL

    www.aol.com/finance/negative-equity-guide...

    For example, let’s say that your current mortgage loan balance is $360,000. But your home is only worth $300,000. In that case, you would have negative equity of $60,000.

  7. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    The program was built as collaboration with banks, services, credit unions, the FHA, the VA, the USDA and the Federal Housing Finance Agency, to create standard loan modification guidelines for lenders to take into consideration when evaluating a borrower for a potential loan modification. Over 110 major lenders have already signed onto the ...

  8. Refinancing Throws a Lifeline to Underwater Mortgages - AOL

    www.aol.com/2010/12/09/refinancing-throws-a...

    The long-awaited rules that will allow homeowners with underwater mortgages to refinance using Federal Housing Authority (FHA) loans were finally announced by the FHA in a letter to mortgage ...

  9. Looking to refinance your FHA mortgage? Make it easier and ...

    www.aol.com/finance/looking-refinance-fha...

    “An FHA streamline refinance can be costly due to mortgage insurance premium calculations depending on how long you have owned the house, so make sure to explore all your options and have a ...

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