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HARP Refinance Program Expanded
Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the Home Affordable Refinance Program (HARP) by removing the current 125 percent loan-to-value cap for fixed-rate mortgages backed by Fannie Mae and Freddie Mac. Other program enhancements include, among other things, reducing certain fees, eliminating the need for a new property appraisal if the FHFA has a reliable automated valuation model (AVM) estimate, and extending HARP until the end of 2013. New federal guidelines for the HARP changes should be released to mortgage lenders and servicers by November 15.
The basic eligibility requirements for an enhanced HARP loan are as follows:
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Existing mortgage loan must be owned or guaranteed by Fannie Mae or Freddie Mac. To check whether a borrower has a Fannie Mae or Freddie Mac loan, go to http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx.
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Existing mortgage loan must have been sold to Fannie Mae or Freddie Mac before June 1, 2009.
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Existing mortgage loan cannot have been refinanced under HARP previously (except for Fannie Mae loans refinanced between March and May 2009).
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Current loan-to-value (LTV) ratio must be more than 80%.
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Existing mortgage loan must be current, with no late payments in the past six months, and no more than one late payment in the past 12 months.
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Fall Back on November 6th and Check Your Smoke Detector Cranberry Salsa Dip with Cream Cheese How to Check Your Oven Temperature If you are worried about your oven not properly heating, you can quickly check it yourself. Buy an oven thermometer and place it in the oven. Set the oven thermostat to 350 degrees F. The oven should heat to between 325 degrees and 375 degrees. In most cases it is considered acceptable if the actual temperature is within 25 degrees of the set temperature. It is often possible to adjust the thermostat knob or to recalibrate the electronic range control if the oven is not reaching the right temperature. Clean Filters Make for a More Efficient Dishwasher Filters protect the pump and motor seals. Many dishwashers have a filter located under the spray arm, near the bottom of the appliance. The filter can get clogged with sediment from hard water, food residue, or even detergent build-up. It is important to check the condition of the filter to make sure it is intact, has no holes in the screen and is free of debris.If the filter has been damaged you can purchase a replacement. Say Goodbye to Smelly Garbage Disposals If your kitchen doesn’t smell its best, check your garbage disposal. Food particles easily collect inside the disposal blades. The fact that you frequently run water through your disposal isn’t enough to prevent this collection of food debris. Freshen up a disposal by grinding half a lemon or lime.
Fall Back on November 6th and…Don’t Forget to Check the Smoke Detector The most important project this month is to replace batteries in smoke, heat and gas detectors. A good way to remember when to change batteries is to do it when you fall back to Standard Time this month, and when you spring forward to Daylight Saving Time in the spring. Election day in the United States is the day set by law for the general elections of public officials. It occurs on the Tuesday after the first Monday in November. • For federal offices (President, Vice President, and United States Congress), election day occurs only in even-numbered years. • Presidential elections are held every four years, in years evenly divisible by four, in which electors for President and Vice President are chosen according to the method determined by each state. • Elections to the United States House of Representatives and the United States Senate are held every two years. • Senators serve six-year terms, staggered so that one-third of Senators are elected in any given general election. From Wikipedia, the free encyclopedia. At Thanksgiving, you usually want a big-enough turkey to provide leftovers—but not to go to waste. Here are some guidelines. These weights are for uncooked turkeys.
2. Figure on 1 pound of un-stuffed, whole turkey per person for moderate leftovers. Allow about 1.3 pounds per person for more leftovers. 3. Figure on about 3/4 pound per person if you're buying just a turkey breast. Allow 1/2 pound per person for boneless turkey breast. By an eHow Contributor. Read more at: www.ehow.com 1. Preheat oven to 325 degrees. 2. Grease a 9-by-13 baking dish. 3. Rinse the turkey and pat it dry with paper towels. Place in the baking dish. Rub with olive oil and sprinkle with spices. 4. Place in oven, breast side up, and roast uncovered for 1-1/2 hours. 5. Remove from oven, tent with aluminum foil, and let rest for 10 to 15 minutes. 6. Carve slices on the diagonal and serve. Discard carcass, or save to boil for turkey soup. NOTE: Do not cook at higher heat or the turkey may dry out. By Claire Bush, eHow Contributor. Read more at: www.ehow.com |
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1. Count the number of people who will be eating turkey—remember that this number may be different than the total number of guests if the group includes vegetarians.

