Refinance

Refinance

When a debt is repaid by making another loan on different terms.

Industry: Banking

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Refinance

home affordable unemployment program (UP)

Banking; Refinance

Part of the federal government’s Making Home Affordable program, this program is designed to help homeowners who are unemployed. If you are currently unemployed and having difficulty making your home ...

home affordable second lien modification program

Banking; Refinance

Part of the federal government’s Making Home Affordable program, this program may help you arrange more affordable payments if you’re having trouble making home equity loan or line of credit payments ...

home affordable refinance program (HARP)

Banking; Refinance

Part of the Federal Government’s Making Home Affordable (MHA) program, the Home Affordable Refinance program was developed to help you if you’re having trouble keeping current on your mortgage ...

home affordable modification program (HAMP)

Banking; Refinance

Part of the Federal Government’s Making Home Affordable (MHA) program and backed by government incentives, the Home Affordable Modification program offers loan modifications that help create ...

home affordable foreclosure alternatives (HAFA)

Banking; Refinance

Part of the Federal Government’s Making Home Affordable (MHA) program, the Home Affordable Foreclosure Alternatives (HAFA) program was developed to give homeowners a way to settle their mortgage debt ...

hardship letter

Banking; Refinance

A hardship letter is a letter to your lender that explains the circumstances behind your inability to pay your monthly home loan payments. Examples of acceptable hardships include job loss, illness, ...

foreclosure

Banking; Refinance

A foreclosure is when a lender sells the property securing the mortgage loan at an advertised public auction to recover the amounts owed on the mortgage and any other costs involved in collecting the ...