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 Alabama Mortgage Company - (HARP) has been designed to complement Making Home Affordable by helping homeowners who have not been delinquent on their monthly mortgage payments, but are still unable to refinance and take advantage of the historically low mortgage rates due to the declining home values, thus raising their current loan-to-value (LTV) over 80%.

Fixed-Mortgagerate.com offers Mortgage rate quotes on Alabama fixed and adjustable rate mortgages, refinance loans, home equity loans and home equity lines of credit. Local lenders compete for your mortgage loan, let them get you the best rates on your Alabama mortgage loan

President Obama's $75 Billion Making Home Affordable housing stimulus program will assist as many as 9 million homeowners by either making their monthly mortgage payments more affordable, or by stemming foreclosure

Fannie Mae's DU Refi Plus™ and Freddie Mac's Relief Refinance Mortgage are the two mortgage refinance programs that will ultimately make HARP loans a success.

Home Affordable Refinance  loans will allow the flexibility necessary to make the refinance process quicker and more cost-effective for both the borrower and the lender. All HARP loans require less documentation for underwriting, and some HARP loans will not require an appraisal.

Alabama Mortgage Company - Resources

 

Financial Report - Times Daily

Financial Report
Times Daily
That November number represents that less than 1 percent of house mortgages were foreclosed in the Shoals during November. In comparison, the national foreclosure rate for November was 3.41 percent, while the rate in Alabama was 1.36 percent.

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Old mortgages rise from the dead, haunt homeowners - Reuters

Old mortgages rise from the dead, haunt homeowners
Reuters
The problems grew from a lot of sloppy recordkeeping that began during the housing boom, when Wall Street built a quick-and-dirty back-office operation to process mortgages quickly so lenders could sell as many loans as possible. As the loans were ...

and more »

Obama pressures Congress on mortgage refinance program
President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. 

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Alabama Mortgage Company Facts - Real Estate Contract - 1. A purchase agreement. 2. A land contract. 3. Any contract having to do with real property. -

 

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