Loan Modification - Home Affordable HARP and HAMP - Strategic Default - Real Estate Short Sale - FHA Short Refinance

Welcome to the Loan Modification, Short Sale, FHA Short Refinance, Home Affordable HARP and HAMP, Strategic Default, and Open Access question and answer center.

Loan Modification and Making Home Affordable Help

I'm Kate Ford author and publisher of this mortgage website. I will be your guide to reaching affordable monthly house payments. Begin with questions and answers about Home Affordable Program featuring HARP and HAMP.

HARP helps homeowners who make payments on time but can't refinance due to a loss of equity in their homes. HAMP assists struggling homeowners with a loan modification because of an interest rate increase or decrease in income.

Newly added are FHA short refinance, real estate short sale and strategic default question and answer sections which further address loss of equity. Near the bottom is the Q and A loan modification series by Ask Kate!

As you browse this page, look for Super Kate's picture. (You can't miss her red boots.) That's where you will find a link to my Mortgage Modification Guide. Enjoy!

Making Home Affordable Overview and Breaking News Updates

When Home Affordable Modification Program says No - I've missed 3 mortgage payments. I'm disabled, my wife has cancer and Hamp says my income is too high. Where can I turn for help?

November 15, 2011 HARP II Eligibility Requirements Announcement Part 3 - Overview, Benefits, Features, Qualification of HARP II new eligibility requirements that just got easier.

HARP Mortgage Closing Costs Reduced Part 2 - Kate, We wonder if it's wise to wait until the "new rules" for HARP are issued and fees might be lowered or eliminated. We don't want to pay out closing costs we don't have.

October 24, 2011 Sweeping Changes to Home Affordable Refinance Program Part 1 - The Obama Administration with Fannie Mae and Freddie Mac announced major changes to boost much needed refinancing opportunities.

Special Edition Making Home Affordable Options - Super Kate's overview of 13 options from Making Home Affordable to help homeowners with unaffordable payments and fallen property values.

NEW! Most Recent Ask Kate Questions and Answers

Bizarre Refinance of 1st and 2nd Mortgage with a Bizarre Twist - It is an investment property, but I could move into it as my primary house. Can I get a loan balance reduction? Should I walk away?

HARP 1st 2nd mortgage refinancing - We are refinancing with a local bank who informed us that our 2nd mortagage holder won't cooperate. What options are open to us? Is there a way to play hardball?

How to Understand Making Home Affordable Refinance Offer - My mortgage lender is offering a HARP refinance program at 4.125% and paying the closing fees. Is a good offer?

FHA Short Refinance Questions

Tip: Here is where you will find you are not alone when it comes to questions about FHA Short Refinance.

Nightmare 401k Withdrawals For Home Buying - Afraid that we would lose the house, I took money from my 401K for the down payment, intending to put it back when we sold the condo. Then real estate bottomed out.

FHA Short Refinance - I am a frustrated responsible home owner with a credit score over 700 but cannot find a mortgage lender that will refinance my first mortgage under the HARP program.

Home Affordable Refinance Program (HARP) Questions

Tip: Here is where you will find you are not alone when it comes to questions about HARP.

The Bad Behavior of Making Home Affordable - I asked my lender for help with refinancing under Making Home Affordable but I was denied. The reason. my gross income was too high, $748 a week take-home.

Is This Nationwide Mortgage Lender My Only HARP Refi Option - Is this our only option due to circumstances and rules or regulations of the HARP program?

Mortgage and Foreclosure Relief For Distressed Homeowners - Kate, I was doing some research about the HARP program and ran across your website. I got more information than the past 5 sites combined. Here is our situation.

Why have my monthly house payments increased 500 dollars after my Making Home Affordable Refinance? - Hi Kate, Can my mortgage company raise my monthly house payments two months after I refinanced?

Home Affordable Mortgages For Self-Employed - Automatically denied a Home Affordable refi because he is self-employed?! And I thought I'd heard everything!

Who Sets HARP Refinance Rates - Who is right? I just read in your article that the HARP interest rate is not set by Fannie Mae, so now I am confused.

Making Home Affordable Refi and Subprime Mortgage Loans - I thought Making Home Affordable Refi programs were to help people. I've read Fannie Mae guidelines. It seems EA-II loans and some subprime mortgages can do a HARP.

Confusing Mortgage Problems - I can't refinance with Home Affordable Refinance Program (HARP) because (believe it or not) my 1st mortgage has turned into a 2nd mortgage due to a title mix up.

Making Home Affordable Refinance - My Freddie Mac backed mortgage was then dumped on a company who is merely a servicer and does not originate loans. They informed me that they could not refinance, nor help me refinance.

Open Access and HARP - We are refinancing through the HARP program. Do we have to go through our current loan servicer or can we shop around?

HARP Mortgage Refinance - Regarding the Home Affordable Refinance Program, how do the mortgage interest rates differ from conventional loans rates?

Home Affordable Modification - You've heard of HARP, not the musical instrument! HARP also has a related program but not for refinancing.

More Home Affordable Refinance Program (HARP) Questions

Tip: Here is where you will find you are not alone when it comes to questions about HARP.

Making Home Affordable Program - Can I choose my own HARP lender and get a competitive rate for my refinance?

HARP Refi - Does a HARP refi not allow adding a new spouse to a title during the refinance process?

Making Home Affordable Help - Until finding your website, I didn't realize I could use a different lender to originate a refinance under HARP.

Need HARP Lender To Refi My Home - It's been frustrating because they say they do HARP but actually try to give you high interest rates and closing costs.

Problems with HARP and Mortgage Refinancing - I am trying to refinance and really have no clue to what I am doing.

Who determines my HARP closing costs and interest rate - Do I have to shop my refinance?

Making Home Affordable Refinance Program - Can I refinance my second home using HARP?

Home Affordable Refinance Program - Should I wait for a new revision to the HARP program?

HARP Refinance Made Impossible By Subordination Agreement - How does a lender expect anyone to close a loan?

Home Affordable Modification Program (HAMP) Questions

Tip: Here is where you will find you are not alone when it comes to questions about HAMP loan modification.

Caught In A Balloon Payment Mortgage - Our mortgage company offered us two options during the course of the loan modification, either bring loan current or a mod with the following terms...

Is HAMP A Negative Amortization Loan - I do qualify for HAMP which will ultimately reduce my current mortgage payment by half. Does this create negative amortization? Will I end up further in debt?

Relief Refinance Mortgage and Open Access - I heard about relief refinance mortgage programs but my own bank does not know about it. Are they pulling my leg?

Home Affordable Modification Program - Can I combine my first and second mortgage using the Making Home Affordable Program? HARP or HAMP?

Mortgage Loan Modification Questions

Tip: Here is where you will find you are not alone when it comes to questions about mortgage loan modification.

Your Upside Down Mortgage - We are in danger of losing our home. I've seen so much different information on the web but don't know where to begin and what legitimate options are available for us.

Loan Modifications - Hi Kate, We've done the paperwork for loan modifications 3 times and keep getting denied. Our mortgage company received help in the form of bail out money but do not care about helping us.

Mortgage Modifications - My Loan Company denied my claim for a hardship loan.

Does mortgage modification apply to manufactured homes?

I went to your Modification tab on your website and clicked to check it out.

Asking Kate About Modifications - My hair dresser is upside down on her mortgage and considering a short sale.

Mortgage Stimulus - I have looked all over the internet to find out how the mortgage stimulus will help me.

Modification For Subprime - How do I get my bank to do a loan modification without having to go delinquent and ruin my credit first?

Homeowner Needs Fixed 30 Year Mortgage - I borrowed $412,000 with a negative amortization mortgage loan two years ago.

Real Estate Short Sale Questions

Tip: Here is where you will find you are not alone when it comes to questions about short sale.

Short Sale vs Foreclosure - Even with excellent credit, we can't refinance due to prevous short sale. Lenders tell us there is nothing they can do for us. Is there a government program for us?

Negotiating a Short Sale after Loan Modification - Will modifying our home loan through Making Home Affordable Program (MHA) hinder our attempts at a real estate short sale in a few months?

Short Sale Process - Should I negotiate our short sale process instead of a Real Estate Attorney? I don't know what would take so long for a Cash transaction? I don't want our credit ruined but I can't continue paying rent and mortgage.

Foreclosure Alternatives or Short Sales - I'm not able to refinance according to my mortgage company. Thinking about foreclosure and/or bankruptcy. Any help would be welcomed.

Real Estate Short Sale - I have extinguished my 401K and am unemployed. I'm living on credit card money and owe the IRS. Should I just start packing?

Strategic Default Questions

Tip: Here is where you will find you are not alone when it comes to questions about strategic default.

Strategic Default - What other options do I have? Is foreclosing and walking away feasible? Would the bank renegotiate on a rate?

You Can OWN My Brain

Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.

Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate. Rate Locks Part I

Ask Kate About Locking Mortgage Rates - The dilemma of locking mortgage rates continues with even more letters. Rate Locks Part II

Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here. Refinancing Part I

Refinancing Stories From Homeowners - With reversed rolls, Kate asks and Homeowners offer refinance advice. Refinancing Part II

Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience. Home Buying Part I

Stories From Home Buyers - Meet Kate's home buying visitors who tell their stories and give advice for buying a house. Home Buying Part II

Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.

FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.

PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?

ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.

Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.

How To Compare Mortgage Rates Online - You'll enjoy this collection of homeowner experiences while shopping for lenders.

Kate's Mortgage Advice Forum - Savvy home mortgage tips contributed by readers of this website.

Mortgage News Opinions - Bold opinions of Joe Public regarding mortgage and real estate news.

Website Answers by Kate - Yes... Readers even ask Kate how to build a website.

Ultimate Collection of Ask Kate Articles - Cruise My Site

Ask Kate For Mortgage Modification Advice

Kate's Mortgage Modification Guide

Blockbuster Article Collection A-J

Blockbuster Article Collection K-Z

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Haven't found what you're looking for? Here's the solution! Go ahead and Ask Kate for answers.

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