Ставка рефинансирования | Размер ставки рефинансирования НБ РБ в Беларуси на сегодня, на 2014-2020 года

7,75%

Установлена: 01.07.2020

Предыдущее значение: 8%

Ставка рефинансирования — размер процентов в годовом исчислении, подлежащий уплате центральному банку страны за кредиты, предоставленные кредитным организациям. Эти кредиты являются рефинансированием временной нехватки финансовых ресурсов. Через такие кредиты обеспечивается регулирование ликвидности банковской системы при недостатке у кредитных организаций средств для осуществления кредитования клиентов и выполнения принятых на себя обязательств. Обычно под ставкой рефинансирования подразумевают ставку кредитования на одну ночь («овернайт», предоставляется кредитной организации в конце дня в сумме непогашенного внутридневного кредита), размер которой наибольший по сравнению с установленными ставками кредитования на другие сроки.

Своего пика за последнюю пятилетку ставка рефинансирования достигла к концу кризисного 2011 года. 12 декабря решением Национального банка индикативный показатель вырос до 45% годовых. После чего, на протяжении последних трех лет, финансовые власти страны предпринимали все усилия для того, чтобы снизить ставку рефинансирования до более-менее приемлемого уровня.

13 августа 2014 года ставка рефинансирования в очередной раз снизилась. Правда, всего на 0,5 процентного пункта до 20% годовых. Таким образом, за неполных три года регулятору удалось уменьшить индикативный показатель на 25 процентных пунктов.

В текущем году СР снижалась четырежды, и каждый раз – не более чем на 1 процентный пункт. Эксперты полагают, что в 2014 году едва ли приходится ожидать новых снижений – слишком велика инфляция, а резкое снижение ставок на кредитно-депозитном рынке, сдобренное плавной девальвацией рубля, может повлечь за собой отток рублевых вкладов населения и спровоцировать рост ставок. Подобную картину мы уже наблюдали в 2012 и 2013 гг. В году 2014 регулятор явно действует более осмотрительно.

Примечательно, что каждый год официальные прогнозы относительно ставки рефинансирования весьма оптимистичны. Так, к концу 2012 года планировалось снизить СР практически в два раза – до 20-23%. Однако по факту 12 сентября 2012 года СР установилась на уровне 30% годовых и до конца года больше не менялась. В 2013 году финансовые власти ожидали снижения СР до 13-15% годовых, но на практике в новый 2014-й год мы вошли с индикативным показателем на уровне 23,5% годовых. К декабрю 2014 года ставка рефинансирования ожидалась на уровне порядка 13% годовых (15-17% в среднем за год), однако в конце года СР составила 20%.

9 января 2015 года значение ставки рефинансирования повысилось на 5% и составило 25% годовых.

1 апреля 2016 года Постановлением Нацбанка СР снизилось на 1% и составило 24%.Следующие снижение ставки рефинансирования произошло с 1 мая до 22%, затем с 1 июля до 20%. С 17 августа СР установилась на уровне – 18%.

При условии замедления инфляции и обеспечения стабильности платежного баланса ставка рефинансирования к концу 2017 года может быть снижена до 14-16 процентов годовых.

В начале 2017 года Нацбанк объявил о снижении ставки рефинансирования на 1 процентный пункт. Соответственно с 18 января значение СР составит 17%. Еще одно снижение произошло 15 февраля, новое значение СР составило 16%. Ровно через месяц 15 марта ставка рефинансирования снова снизилась на 1% до 15%. Очередное и уже четвертое сначала года понижение ставки рефинансирование произойдет 19 апреля. Таким образом, СР снизится на 1 процентный пункт до 14% и выйдет на прогнозный показатель, который планировали достигнуть только к концу текущего года. В итоге Нацбанк не исключает дальнейшего снижения СР в течении этого года.

14 июня СР снижена в пятый раз в течение 2017 года и составила 13%. Очередное снижение ставки рефинансирования в этом году произошло 19 июля с 13% до12%. В августе Нацбанк объявил о седьмом снижении СР за этот год. С 13 сентября ставка составляет 11,5%. 27 сентября 2017 года на ежеквартальном заседании по вопросам оценки и прогноза ситуации в экономике Правление Национального банка Республики Беларусь приняло решение о снижение СР с 18 октября с 11,5 до 11%.

В 2018 году Нацбанк объявил о снижении ставки рефинансирования с 14 февраля на 0,5% до 10,5%. Следующее снижение СР произошло 27 июня до 10%. По итогам заседания Нацбанка по денежно-кредитной политике 19 сентября 2018 года решено сохранить СР на текущем уровне — 10%.

В 2019 году 14 августа СР снизилась до 9,5%. Снижение ставки рефинансирования произошло с 20 ноября 2019 года до 9% годовых.

В 2020 году ставка рефинансирования 19 февраля с 9% до 8,75%. Следующее снижение СР произошло 20 мая до 8%. Третье в этом году снижением ставки рефинансирования произошло 1 июля до 7,75% годовых.

Конкретных дат ближайших изменений ставки рефинансирования в Нацбанке не называют. Но обещают обеспечить положительную доходность по рублевым вкладам и сохранить жесткие подходы к решению финансовых и экономических вопросов.

Ставка рефинансирования Национального банка Республики Беларусь

Дата, с которой установлена СР	Размер СР %, годовых	Нормативный акт, установивший размер ставки
01.07.2020	7,75	Постановление Нацбанка от 22.06.2020 №204
20.05.2020	8	Постановление Нацбанка от 13.05.2020 №151
19.02.2020	8,75	Постановление Нацбанка от 12.02.2020 №42
20.11.2019	9	Постановление Нацбанка от 06.11.2019 №449
14.08.2019	9,5	Постановление Нацбанка от 07.08.2019 №319
27.06.2018	10	Постановление Нацбанка от 20.06.2018 № 279
14.02.2018	10,5	Постановление Нацбанка от 30.01.2018 N 38
18.10.2017	11	Постановление Нацбанка от 27.09.2017 N 394
13.09.2017	11,5	Постановление Нацбанка от 23.08.2017 N 346
19.07.2017	12	Постановление Нацбанка от 28.06.2017 N 257
14.06.2017	13	Постановление Нацбанка от 31.05.2017 N 212
19.04.2017	14	Постановление Нацбанка от 29.03.2017 N 121
15.03.2017	15	Постановление Нацбанка от 07.03.2017 N 87
15.02.2017	16	Постановление Нацбанка от 07.02.2017 N 49
18.01.2017	17	Постановление Нацбанка от 28.12.2016 N 651
17.08.2016	18	Постановление Нацбанка от 03.08.2016 N 427
01.07.2016	20	Постановление Нацбанка от 10.06.2016 N 310
01.05.2016	22	Постановление Нацбанка от 25.04.2016 N 212
01.04.2016	24	Постановление Нацбанка от 15.03.2016 N 131
09.01.2015	25	Постановление Нацбанка от 06.01.2015 N 4
13.08.2014	20	Постановление Нацбанка от 05.08.2014 N 501
16.07.2014	20,5	Постановление Нацбанка от 10.07.2014 N 439
19.05.2014	21,5	Постановление Нацбанка от 12.05.2014 N 314
16.04.2014	22,5	Постановление Нацбанка от 04.04.2014 N 217
10.06.2013	23,5	Постановление Нацбанка от 05.06.2013 N 343
15.05.2013	25	Постановление Нацбанка от 07.05.2013 N 272
17.04.2013	27	Постановление Нацбанка от 12.04.2013 N 225
13.03.2013	28,5	Постановление Нацбанка от 11.03.2013 N 146
12.09.2012	30	Постановление Нацбанка от 07.09.2012 N 462
15.08.2012	30,5	Постановление Нацбанка от 06.08.2012 N 405
18.07.2012	31	Постановление Нацбанка от 12.07.2012 N 352
20.06.2012	32	Постановление Нацбанка от 13.06.2012 N 290
16.05.2012	34	Постановление Нацбанка от 10.05.2012 N 229
02.04.2012	36	Постановление Нацбанка от 26.03.2012 N 131
01.03.2012	38	Постановление Нацбанка от 24.02.2012 N 70
15.02.2012	43	Постановление Нацбанка от 07.02.2012 N 35
12.12.2011	45	Постановление Нацбанка от 06.12.2011 N 564
11.11.2011	40	Постановление Нацбанка от 08.11.2011 N 503
14.10.2011	35	Постановление Нацбанка от 12.10.2011 N 442
14.09.2011	30	Постановление Нацбанка от 09.09.2011 N 370
01.09.2011	27	Постановление Нацбанка от 26.08.2011 N 352
17.08.2011	22	Постановление Нацбанка от 11.08.2011 N 326
13.07.2011	20	Постановление Нацбанка от 11.07.2011 N 287
22.06.2011	18	Постановление Нацбанка от 14.06.2011 N 230
01.06.2011	16	Постановление Нацбанка от 30.05.2011 N 200
18.05.2011	14	Постановление Нацбанка от 11.05.2011 N 172
20.04.2011	13	Постановление Нацбанка от 11.04.2011 N 127
16.03.2011	12	Постановление Нацбанка от 10.03.2011 N 78

Ставка рефинансирования по прогнозным показателям к концу 2020 года составит 7-9%.

Если вы заметили ошибку в тексте новости, пожалуйста, выделите
её и нажмите Ctrl+Enter

90000 HARP Refinance Rates & 2018 Guidelines 90001
90002 90003 90004 Editor’s Note: 90005 90006 90007 The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. 90008 90009
90002 90007 However, Fannie Mae’s High LTV Refinance Option (HLRO) currently has no expiration date. Similar to HARP and FMERR, it’s a great loan option for underwater homeowners who do not have enough equity earned in their home to qualify for a refinance.90008 90009
90014

Check your eligibility for a HARP-alternative program now.
90015 Updated Home Affordable Refinance Program (HARP 2.0) Guidelines for 2018 90016
90002 The Home Affordable Refinance Program, or HARP, has helped over 3 million American homeowners refinance into a lower rate and payment even though they owe more than their home is worth. 90009
90002 The real estate downturn of 2009 spurred the government to issue new lending guidelines to help people save money each month on their mortgages despite low home values.90009
Click here to check today’s HARP-alternative program rates.
90002 Current 2018 HARP guidelines are as follows. 90009
90023
90024 The current loan must be owned by Fannie Mae or Freddie Mac. 90025
90024 The loan must have closed by May 31, 2009. 90025
90024 The current loan-to-value must be greater than 80% (your loan amount is 81% + of the home’s value). 90025
90024 No 30-day late payments in the last 6 months. 90025
90024 No more than one payment that was 30+ days late in the past 12 months.(Some lenders may require no late payments at all in the last 12 months.) 90025
90024 You can not use HARP on the same property twice. 90025
90036
90002 There are two different versions of HARP. The Fannie Mae version is called 90004 DU Refi Plus 90005. The Freddie Mac version is called the 90004 Relief Refinance 90005. These two programs are essentially the same for most borrowers. The loan program homeowners use depends on who currently owns their mortgage. 90009
Check your eligibility for a HARP-alternative program now.90043 90002 Click to Download Our Free HARP eBook. Learn About Upcoming Changes, and Secrets on How to Qualify. 90009
90015 * New * HARP-Like Program Starts January 1, 2019 90016
90002 FHFA has confirmed that a new HARP-like program will open up to homeowners starting January 1, 2019. The new program eliminates the requirement that the loan must have been opened on or before May 31, 2009. Instead, the loan note date must be on or after October 1, 2017. 90009
90002 This program is designed as a HARP replacement.As HARP gets repealed, then, this new high-LTV refinance will take its place. 90009
90002 Take note that the program still does not allow homeowners to get a high-LTV refinance if their loan was opened between June 1 2009 and September 30, 2017. 90009
90002 Guidelines for the new program, according to FHFA sources, are as follows. 90009
90023
90024 The loan being refinanced must be owned by Fannie Mae or Freddie Mac 90025
90024 The refinance must provide a benefit to the borrower, such as a lower rate, payment, or shorter loan term 90025
90024 An LTV of 95% or greater, and can be more than 100% of the home’s value 90025
90024 At least 15 months have passed between the original note date and the refinance loan’s note date 90025
90024 No missed payments in previous six months 90025
90024 No more than one missed payment in previous 12 months 90025
90024 You can use the program more than once as long as at least 15 months have passed between refinances 90025
90024 HARP mortgage holders are 90003 not 90006 eligible 90025
90024 Homeowners who have had a HARP mortgage, but have since refinanced out of it, 90003 are 90006 eligible 90025
90036
90002 Until this program is rolled out, it is worth checking your standard HARP eligibility to take advantage of home payment savings now.90009
Check your eligibility for the current HARP-alternative program now.
90015 HARP Refinance Q & A 90016
90084 Are HARP Rates Low? 90085
90002 HARP mortgage interest rates are as low or lower than standard conventional refinance rates that require 20% equity. This fact is why HARP has been such a benefit in today’s refinance market. Homeowners with no equity or even negative equity in their homes can get the same rate as someone with a lot of equity. This is possible due to strong government backing.Lenders have discovered this is a safe and stable mortgage product to offer to their customers. The HARP program is a win for everyone. 90009
90084 What is HARP 1.0, 2.0, and 3.0? 90085
90002 90004 Harp 1.0 90005 debuted in 2009. It allowed borrowers to refinance at up to 125% loan-to-value. Loan-to-value is the comparison between the loan balance owed and the value of the home. 90009
90002 Then the Federal Housing Finance Agency (FHFA), the entity that oversees Fannie Mae and Freddie Mac, determined that the 125% cap was too limiting.Many homeowners were still unable to refinance because their values ​​had dropped so dramatically. 90009
90002 90004 HARP 2.0 90005 was rolled out by the FHFA on March 17, 2012. The new enhancement eliminated the loan-to-value cap for fixed rate mortgages. With this move, the FHFA hoped to allow millions more American homeowners to refinance. The current HARP program has been extended to December 31, 2018. 90009
See if you’re eligible for a HARP-alternative program.
90002 90004 HARP 3.0 90005 was a possible enhancement to the HARP program that would eliminate some rules and allow more to qualify.However, HARP updates are unlikely to happen at this point, since the program is set to expire in 2018. 90009

90104
90002 90007 remove_red_eye 90008 90007 settings 90008 90007 close 90008 90009

90002 90114 90009
90084 Do I Have to Use My Original Lender for a HARP Refinance? 90085
90002 No. Any lender already set up to do Fannie Mae and Freddie Mac loans can do a HARP loan, despite where the original loan was completed. In fact, you’ll probably get a better rate by shopping around.90009
Shop around for a HARP-alternative program rate by completing one short online form.
90084 Did Obama Waive Refinance Requirements? 90085
90002 A lot of rumors have been floating around that President Obama waived refi requirements, making millions more homeowners eligible. While the Obama administration is working toward waiving some requirements, there has been only a few changes to the HARP program since 2012. However, here’s one key change that happened since then: 90009
90002 On October 27, 2013, Fannie Mae and Freddie Mac changed the HARP cutoff date requirement slightly.Previously, the mortgage had to be 90003 sold 90006 to Fannie or Freddie on or before May 31 2009 to be eligible. This means you could have closed a mortgage at the beginning of May 2009 but be ineligible for HARP, simply because your lender did not sell the loan to Fannie or Freddie quickly enough. 90009
90002 Now, your loan just has to have closed by May 31, 2009 and you are eligible for HARP. If you purchased or refinanced in April or May of 2009 and have been denied for HARP before, try again now by completing a short online form to check eligibility.90009
See if you’re eligible for the current HARP-alternative program.
90084 90004 What is «Loan-To-Value» and is there a Maximum for HARP? 90005 90085
90002 On a HARP loan, there is no maximum loan-to-value set by Fannie Mae or Freddie Mac. The exception is that Freddie sets a maximum loan-to-value of 105% when the new loan is an adjustable rate. 90009
90002 Loan-to-Value, or LTV, is the proposed new loan compared to the property’s value. For example: 90009
90023
90024 If the proposed loan is $ 150,000 and the property is worth $ 100,000, the LTV is 150% 90025
90024 If the proposed loan is $ 150,000 and the property is worth $ 150,000, the LTV is 100% 90025
90036
90002 Even though Fannie and Freddie do not set maximums for fixed rate HARP loans, some lenders do.Some will HARP loans up to 125% LTV, and some to 200% LTV. Some banks may have higher limits or no limit at all. It’s up to the borrower to find a lender who will allow an LTV high enough to qualify. 90009
Check today’s HARP-alternative program interest rates.
90084 90004 I Have a Second Mortgage. Can I Use HARP? 90005 90085
90002 The HARP program allows borrowers to refinance the first mortgage while a second mortgage is in place. Fannie and Freddie do not set a combined loan-to-value (CLTV) maximum.The CLTV is the total of all loans on the property. 90009
90023
90024 If the proposed loan is $ 150,000 and the second mortgage is $ 25,000, and the property is worth $ 100,000, the LTV is 150% and the CLTV is 175% 90025
90024 If the proposed loan is $ 150,000 and the second mortgage is $ 25,000 and the property is worth $ 200,000, the LTV is 75% and the CLTV is 87.5% 90025
90036

90104
90002 90007 remove_red_eye 90008 90007 settings 90008 90007 close 90008 90009

90002 90168 HARP does not allow the borrower to pay off the 2nd mortgage with an increased 1st mortgage balance.The second mortgage must be subordinated behind the new first mortgage refinance. Subordinating is simply obtaining an agreement from the second mortgage owner to remain in second position after the new first mortgage is opened. 90009
90002 Keep in mind that subordination agreements can be difficult to get because second mortgage holders are reluctant to subordinate a loan at 200 +% CLTV. However, second mortgage holders have been strongly encouraged by the government to approve subordinations so that the first mortgage can be refinanced.90009
90002 In the past two years, more 2nd mortgage lenders are subordinating their loans without issue. Be prepared for long waits of two to six weeks, however, as lenders are inundated with subordination requests. 90009
Check your eligibility for a HARP-alternative program.
90084 90004 Can I Wrap Closing Costs into the New HARP Loan? 90005 90085
90002 Yes. HARP allows you to wrap in closing costs, with limitations. Fannie Mae allows you to roll up to 4% of the existing loan balance in closing costs.Freddie Mac allows up to 4% of the existing loan or $ 5,000, whichever is less. If these limits are exceeded, the borrower will have to pay the extra amount in cash. 90009
90002 90003 90182 90183 90184 90006 90009
90084 90004 Can I Receive Cash Back on HARP? 90005 90085
90002 Both Fannie Mae and Freddie Mac limit cash back to $ 250. The exception is if the borrower pre-pays for any fees. Then the borrower would be able to receive $ 250 plus the amount they prepaid. Except in this scenario, any amount over $ 250 will need to be applied to the principle at loan closing (called a principal reduction), or by re-underwriting the loan with a lower loan amount.90009
90002 Not all lenders will agree to do a principal reduction at closing. In some cases the loan amount has to be sent back through underwriting with a lower loan amount, causing delays. 90009
90084 90004 What Types of HARP Loans are Available? 90005 90085
90002 A borrower may open a 15-, 20-, or 30-year fixed rate HARP loan. Also, 5, 7, and 10-year ARMS are available. However, if you have a fixed rate mortgage, you can not refinance into an ARM. 90009
Apply for a low rate on your HARP-alternative refinance here.90084 Can My New HARP Loan be an ARM? 90085
90002 You can refinance into an ARM loan if you currently have an ARM. For instance, you received a 10-year adjustable rate loan nine years ago and it is about to adjust. In this case, you can refinance into a new ARM with HARP. This will keep your payments lower than if you refinanced into a fixed rate. Many borrowers who have an ARM simply can not afford the new fixed-rate payment. 90009
90002 The maximum loan amount for a HARP ARM loan is 105% of the home’s current value.Make sure your home is not too far underwater. Otherwise, you would have to opt for a fixed HARP refinance. 90009
90084 Can I Get an Interest-Only HARP Loan? 90085
90002 Fannie Mae stopped offering interest-only loans after the housing downturn. The only options for HARP are fixed and adjustable rate mortgages that are fully amortized, meaning full principal and interest payments are required. 90009
90084 Will I Need Mortgage Insurance if I Open A HARP Loan? 90085
90002 One of the biggest benefits to HARP loans is that borrowers do not need private mortgage insurance (PMI), even though their loan-to-value is above 80%.However, if you have PMI now, you’ll have to keep it on your new HARP loan. The lender will take care of transferring your current PMI account to your new HARP loan. 90009
90084 90004 Can I Get a HARP Refinance if I Have Mortgage Insurance? 90005 90085
90002 Yes. However, you’ll need to keep your existing PMI on the new loan. You can not eliminate your current mortgage insurance payment by refinancing with a HARP loan. 90009
90002 Keeping your mortgage insurance requires the HARP lender to transfer your existing PMI.Not all lenders are willing to do that, however. If the lender will not, the borrower should find a lender who does. 90009
90084 90004 Can I Refinance a Rental Property with HARP? 90005 90085
90002 Fannie and Freddie allow HARP loans on primary residences, second homes, and rental properties, as long as the loans are owned by Fannie or Freddie, and meet the other criteria. 90009
90084 90004 Are Condos and Townhomes Allowed? 90005 90085
90002 Yes. Since the condo or townhome was eligible for the original Fannie or Freddie loan, it is eligible for HARP.However, lenders may require a questionnaire from the condo association to prove it is not in pending litigation (has a law suit opened against it). 90009
Check today’s HARP-alternative program rates.
90084 90004 Will I Need an Appraisal? 90005 90085
90002 An appraisal may or may not be required. The lender will run the refinance scenario through an automated underwriting system (AUS), a computerized system that determines loan eligibility. Part of the function of the AUS is to determine if the loan needs an appraisal or if the requirement for an appraisal is waived.The AUS makes this decision based on estimated value input by the loan officer, the geographical area, among other criteria. 90009
90002 Fannie and Freddie have updated their AUS systems as part of HARP 2.0 to allow for more appraisal waivers. However, there’s no way to tell if a borrower’s property will need an appraisal or not until the whole loan scenario is run through the AUS. 90009
90084 90004 What is the Maximum Loan Amount for HARP? 90005 90085
90002 The HARP loan amount can be up to $ 510,400 in 2018 for a single family (1-unit) home.There are increased loan limits for properties with multiple units: 90009
90023
90024 1-unit: $ 510,400 90025
90024 2-unit: $ 653,550 90025
90024 3-unit: $ 789,950 90025
90024 4-unit: $ 981,700 90025
90036
90002 Higher HARP loan amounts are available in some areas. These loans are known as «Jumbo-Conforming» or «high balance» HARP loans. The below limits apply in areas where housing is more expensive, as determined by Fannie Mae. 90009
90023
90024 1-unit properties: $ 679,650 90025
90024 2-unit properties: $ 870,225 90025
90024 3-unit properties: $ 1,051,875 90025
90024 4-unit properties: $ 1,307,175 90025
90036
90002 Loans for properties in Alaska, Guam, Hawaii, and the Virgin Islands can exceed even these limits.90009
90002 You can click on the below image for complete 2018 HARP loan limits by county. 90009
90002 90276 90009
Check HARP loan limits for your area.
90084 90004 90168 What’s the Difference Between the Servicer and the Mortgage Owner? 90005 90085
90002 Your loan must be 90003 owned 90006 by Fannie Mae or Freddie Mac to qualify for a HARP refinance. But there’s a lot of confusion around what «owning» the mortgage means. There’s a difference between a mortgage servicer and the entity who owns your mortgage.The difference is as follows: 90009
90002 90004 90007 Servicer 90008 90005 90009
90023
90024 Collects monthly mortgage payments 90025
90024 Distributes property taxes, homeowners insurance, and mortgage insurance to third parties appropriately 90025
90024 Receives a small percentage of the mortgage interest to perform these services. 90025
90036
90002 90004 90007 Mortgage Owner 90008 90005 90009
90023
90024 Entity that has ultimate rights to the mortgage and receives most of the interest 90025
90024 May be a different entity than services the mortgage 90025
90036
90002 Remember that homeowners never make their monthly mortgage payment to Fannie Mae or Freddie Mac.For instance, if someone pays Chase or Bank of America each month, the loan may still be owned by Fannie Mae or Freddie Mac. Fortunately, there’s an easy way to check if Fannie or Freddie own your mortgage 90009
90002 If your loan is owned by Fannie Mae or Freddie Mac, there’s a chance you could qualify for the HARP-alternative program. 90009
90084 90004 What are HARP’s «Benefit to the Borrower» and «Net Tangible Benefit» Requirements? 90005 90085
90002 All HARP refinances have to demonstrate what’s called a 90007 Net Tangible Benefit 90008 (NTB), also called a benefit to the borrower.In simple terms, the refinance must put the borrower in a better financial position. Some examples of an NTB are 90009
90023
90024 Reduction in interest rate and payment 90025
90024 Refinancing an ARM into a Fixed 90025
90024 Refinancing a 30-year loan into a 15-year loan 90025
90036
90002 Most borrowers are savvy enough to know when a refinance will benefit them. However, Fannie and Freddie require lenders to complete certain forms making sure the refinance pencils out to the positive for the borrower as an added protection.90009
See if you’re eligible for the HARP-alternative program and check today’s rates.
90084 90004 What is an «AUS approval» and do I Need it for HARP? 90005 90085
90002 Your loan officer may say you need an automated underwriting approval. This can also be referred to as AUS approval. More specifically this type of approval can be called 90009
90023
90024 DU (Desktop Underwriter) approval for Fannie Mae loans 90025
90024 LP (Loan Prospector) approval for Freddie Mac loans 90025
90036
90002 These are proprietary computerized underwriting systems Fannie and Freddie have developed to analyze the borrower’s complete credit, income, asset, and property picture to arrive at a final decision on your loan.Real-life underwriters then verify the information that was input into these systems. You will be required to receive an «approved» response from either DU or LP, depending on who currently owns your loan. Without an «approve» recommendation from one of these systems, Fannie and Freddie typically will not purchase the mortgage, so the lender will not close the loan. 90009
See if you can be approved for the HARP-alternative program.
90084 Can I Add or Remove a Borrower when I Refinance with HARP? 90085
90002 Generally, as long as one of the original borrowers on the loan is to remain on the new loan, a borrower can be added or removed.Fannie and Freddie have additional requirements when adding or removing borrowers, such as 90009
90023
90024 The borrower staying on the loan may have more stringent qualification standards 90025
90024 The borrower staying on the loan may have to show proof he / she has been making the payments for 12 months 90025
90024 A borrower being added must plan to occupy the property 90025
90036
Get a free HARP-alternative rate quote here.
90084 90004 90168 Can I Pay Taxes and Insurance Separately on My New HARP Loan? 90005 90085
90002 No.Paying property taxes and insurance with your mortgage payment each month will be required on the new HARP loan. 90009
90015 When Does the HARP 2.0 Program Expire? 90016
90002 Recently, the Federal Housing Finance Agency (FHFA) extended the HARP program until December 31, 2018. Those who wish to use HARP to refinance still have time. However, there’s no telling whether interest rates will stay low enough to make refinancing worth it. 90009
90002 On January 1, 2019, a new HARP-like program begins.Fannie Mae and Freddie Mac loan holders will be able to refinance even if their LTV is over the standard Fannie / Freddie limits. 90009
90084 90004 How Do I Know if I’m Eligible for HARP? 90005 90085
90002 The best way to find out if you qualify is to complete a short questionnaire here. In just a few minutes you’ll have access to your eligibility status and today’s HARP-alternative rates. 90009

.90000 Should I Refinance? — Today’s Mortgage Rates Holding 2020 Lows 90001

90002 Two things you need to know about refinancing now 90003

90004 When mortgage rates drop, homeowners typically wonder: Should I refinance my mortgage? 90005

90004 The short answer is probably «yes» — especially if you keep these two things in mind when deciding whether to refinance: 90005

90008 90009 90010 Getting approved for a mortgage is simpler and faster than it used to be 90011, so it’s likely the refinance process will feel smooth and easy compared to your original mortgage application 90012 90009 90010 In general, you should refinance if it will save you money 90011 — and with current interest rates at historic lows, there’s a good chance it will 90012 90017

Verify your eligibility fora historic low rate.Start here (Jul 12th, 2020)

90018 Table of contents (Skip to section …) 90019

90002 Why 2020 is a good time to consider a refinance 90003

90004 Current mortgage rates are holding low, and they’re expected to stay that way through the rest of the year. 90005

90004 Even if you missed record-low rates in the beginning of 2020 року, it’s likely not too late to secure a world-class mortgage rate. 90005

90004 Consider this: According to Freddie Mac’s records, interest rates for a 30-year fixed mortgage averaged 4.7% for the week of September 27, 2018. 90005

90004 For the week of April 9, 2020 року, they averaged about 3.3% — almost a full 1.5% lower. 90005

90030 90004 Dropping your rate by just 1% now could put more than $ 12,000 back in your pocket over the next 10 years. 90005 90033

90004 Dropping your rate by just 1.0% puts about ten percent of your mortgage payment back into your pocket each month. 90005

90004 That means for every $ 1,000 you pay to your lender today, you could reduce your payment by $ 100.90005

90004 That’s $ 12,000 saved over the next 10 years — simply by doing a refinance. 90005

90002 More than 11 million homeowners stand to save by refinancing — even some who are underwater 90003

90004 Thanks to today’s low rates, more than 11 million homeowners stand to shave at least 0.75% off their mortgage rate by refinancing, according to a report by mortgage analytics firm Black Knight. 90005

90004 Many homeowners have already leaped at the opportunity. 90005

90004 In fact, a survey of The Mortgage Reports readers showed that the number of people looking into a refinance was up by 458 percent between August 2018 and August 2019.90005

90004 Homeowners who are «underwater» — meaning they owe more on their home than it’s currently worth — have options to take advantage of 2020’s low rates, too. 90005

90004 Fannie Mae’s high loan-to-value refinance might be a good option for homeowners looking for a lower rate, but who owe too much on their home to meet traditional lending requirements. 90005

90004 Fannie Mae’s program replaces government-sponsored programs like HARP, which expired in 2018, and FMERR, which is set to expire at the end of September 2019.90005

90004 If homeowners can drop their rate, there are few reasons not to refinance in this environment. 90005

Verify your refinance eligibility (Jul 12th, 2020)

90002 Is a refinance worth it for you in 2020? 90003

90058 90059

90004 Low mortgage rates are enticing, but homeowners balance the want for a lower rate with the question of «Is this even worth it?» 90005

90004 They worry about things 90063 other 90064 than low mortgage rates; maybe how they felt the last time they applied for a mortgage, or things they’ve heard from friends or family about the process.90005

90004 It’s understandable to avoid refinancing because of the stress it may add to your life, but what if that stress is misplaced? The mortgages of 2008-2012 are very different from the mortgages of today. 90005

90004 Getting approved for a mortgage is simpler and faster than it used to be. 90005

90004 And then there’s the question of «Does it make financial sense to refinance?» On this point, it’s best to avoid «common knowledge» because the common arguments consumers make against refinancing can be quietly misleading.90005

90004 Perhaps you’ve heard these two arguments. 90005

90004 The first argument against refinancing goes that it does not make sense to refinance unless you’re lowering your mortgage rate by one percentage point or more. 90005

90004 The second says that it does not make sense to refinance if you’re going to move before your loans hit its «breakeven» point. 90005

90004 Let’s debunk this «conventional wisdom.» 90005

90018 The fallacy of «saving one percent» on your mortgage: Even a 0.5% or 0.25% drop can be worth it 90019

90004 The «saving one percent» argument is a holdover from the 1950s when closing costs were big, loan sizes were small, and homeowners lived in homes until their death. 90005

90004 Back then, when loan sizes were typically less than $ 60,000, a homeowner had to lower their mortgage rate at least one percent to save $ 1,000 annually. 90005

90004 At today’s loan sizes, the typical refinancing homeowner can save 90063 six 90064 90063 times 90064 that amount.90005

90004 Even a 90063 modest 90064 mortgage rate reduction can result in substantial monthly savings. So long as costs are held low, even a quarter-percentage point reduction can be worthwhile. 90005

90004 You do not need to save 1 percent for a refinance to make sense. You only have to save money. 90005

90018 The logic leap in the «recoup your closing costs» strategy 90019

90004 Another reason homeowners pass on a refinance is that they think they’ll never «recoup their costs.»90005

90004 They rely on a vaguely-mathematical approach known as the «break-even method» which, it turns out, is as flawed as the 1% fallacy. 90005

90004 The main issue in using the break-even method to evaluate a refinance is that the break-even formula makes three huge assumptions. 90005

90106 90009 That you’ll never 90063 want 90064 to refinance your home again 90012 90009 That you’ll never 90063 need 90064 to refinance your home again 90012 90009 That you’ll never sell your home or move 90012 90117

90004 These assumptions carry heft.90005

90004 Of 90063 course, 90064 you may want to refinance your home sometime in the future. There are a lot of reasons why you might. 90005

90004 Maybe mortgage rates have dropped again. Or, maybe you’d like to take cash-out for a home improvement project or to diversify your assets. 90005

90004 Additionally, 15-year mortgage rates are extremely low. Maybe you’ll want to reduce your long-term interest payments because 15-year mortgages pay 65% ​​less mortgage interest over time.90005

90004 Now, before you say «mortgage rates will never go lower,» remember that people have been saying that since 2009 and, every year, they’ve been wrong. 90005

90004 The fact is, no one can accurately predict mortgage rates in the future. 90005

90004 Mortgage rates can go lower. Wall Street is unpredictable. And, furthermore, your financial situation could change. That, too, is unpredictable. 90005

90004 It’s for these reasons that the break-even method fails to work — you can not possibly know for how long you’ll hold your refinanced loan, which means that you can not 90063 really 90064 determine your break-even point.90005

90004 So how can you tell whether it’s a good idea to refinance? 90005

Verify your refinance eligibility (Jul 12th, 2020)

90002 A «safe» refinance option: The zero-closing cost refinance 90003

90004 There’s a better way to know whether it’s time to refinance — better than the one percent method and better than the break-even method. 90005

90004 90063 Can you save money and pay nothing out-of-pocket to do it? 90064 Yes, you can. 90005

90004 Use a zero-closing cost mortgage.90005

90004 Zero-closing cost mortgages are precisely what their name implies — they’re mortgages for which there are, literally, no closing costs. When there are no closing costs, there are no break-even points to consider, and no one-point savings to monitor. 90005

90004 When you can lower your mortgage rate and pay nothing to do it, 90063 that’s 90064 when you refinance. 90005

90004 The good news is that no-closing-cost mortgages are readily available across all loan types including FHA loans, VA loans and conforming mortgages.90005

90004 In general, for loan sizes of $ 250,000 or more, you can get a zero-closing cost mortgage by increasing your mortgage note rate 25 basis points (0.25%). For loan sizes over $ 400,000, the typical increase is 12.5 basis points (0.125%). 90005

90004 The extra bump in your mortgage rate creates more value for the lender. The lender then uses this extra value to pay your loan’s closing costs on your behalf. It’s a win-win situation, and you’ve paid nothing to get your refinance completed.90005

90004 Zero-closing cost mortgages are available in all 50 states. 90005

90002 What are today’s mortgage rates? 90003

90004 Today’s mortgage rates are at historic lows — and they’re expected to stay there for the foreseeable future. 90005

90004 There are refinance opportunities everywhere. Ignore «saving one percent» and your «break-even» — look at 90063 your 90064 potential savings instead. 90005

90004 Compare rates from major lenders today to see how much you could save over the life of your home loan.90005

Verify your refinance eligibility (Jul 12th, 2020)
.90000 HARP Refinance Is «Not A Scam», Says Govt; Program Ends In 2018 90001
90002 90003 90004 Editor’s Note: 90005 HARP expired 12/31/18. However, Fannie Mae has a current option for High LTV refinances. Read about it here. This post will remain active for archival purposes. 90006 90007
90008 HARP Refinance Is «Not A Scam», Says Government 90009
90002 The HARP refinance has been a staple of the U.S. housing market recovery, helping more than 3.3 million homeowners to refinance to lower rates since 2009.90007
90002 Recently, however, HARP loan closings have slowed. Fewer HARP loans closed last year than during any year since the program’s launch. 90007
90002 HARP’s sponsoring agency — the FHFA — believes that the HARP slowdown is an issue of «awareness», which is probably accurate. Consumers frequently tell officials that the program appears «too good to be true»; that it «must be a scam». 90007
90002 But, HARP is 90003 not 90006 a scam. It’s real and thousands of U.S. households remain «in the money» to HARP-refinance right this very minute.90007
90002 Via an outreach program which includes mailers and town halls, the Federal Housing Finance Agency wants today’s eligible HARP households to get started on their refinances now. 90007
90002 If you’re a current U.S. homeowner and think your mortgage rate is too high for today’s market, it’s a terrific time to take a look at your HARP loan eligibility. 90007
90002 HARP expires in December 2018. 90007
90002 Find HARP replacement programs here (Jul 12th, 2020) 90007
90008 Marketing Tactics To Be Aware Of 90009
90002 Just because HARP is not a scam does not mean there are not shady lenders using questionable marketing tactics.90007
90002 For instance, a popular ad states «Born before 1985? The government will pay off your mortgage. » 90007
90002 In reality, the «Born Before 1985 Mortgage» is likely referencing the HARP program. But HARP does not pay off your mortgage, and you do not have to be born before 1985 to use it. 90007
90002 Rather, the loan refinances your existing balance into a potentially lower interest rate, thereby lowering your payment. 90007
90002 Eligibility is based on the age of the loan, not the age of the loan holder.If your loan was opened before June 2009 and it is owned by Fannie Mae or Freddie Mac, you are likely eligible. 90007
90002 But do not let misleading ads turn you off to HARP. It is in fact a government-sponsored program that can save you money monthly and over the life of your loan. 90007
90002 Find HARP replacement programs here (Jul 12th, 2020) 90007

90008 HARP Refinance: Loans For Underwater Homeowners 90009
90002 HARP is an acronym. It stands for Home Affordable Refinance Program.90007
90002 Sometimes called the «Obama Refi», the HARP program was launched in 2009 as part of that year’s economic stimulus program. 90007
90002 At the time, current mortgage rates had been dropping and so were U.S. home values. 90007
90002 30-year fixed-rate mortgage rates had moved to the high-4s, opening refinance opportunities nationwide. Unfortunately, many homeowners — including those in Los Angeles, California; Miami, Florida; and Phoenix, Arizona — found themselves unable to refinance.90007
90002 As home values ​​cratered late last decade, many homeowners had too little equity to refinance. 90007
90002 That’s when the Home Affordable Refinance Program was first proposed. 90007
90002 Via a series of economic stimulus programs, the government promoted the idea that if homeowners who had lost home equity could only get access to a refinance, they could capitalize on low rates and lower their monthly mortgage payments. 90007
90002 With an increase in household cash flow, consumer spending would get a boost which, the government reasoned, would help propel the U.S. economy into a recovery. 90007
90002 When HARP was passed, its guidelines stated that a homeowner’s home equity was irrelevant for purposes of a refinance. So long as the consumer met several basic criteria, including a history of on-time payments, the existing loan would be HARP-eligible for lower mortgage rates. 90007
90002 The most popular headline regarding HARP read «Obama Waives Refi Requirements». 90007
90002 The program was an instant hit. 90007
90002 Find HARP replacement programs here (Jul 12th, 2020) 90007
90008 HARP 2: Removing 125% LTV Restrictions 90009
90002 When HARP first launched, it was expected to reach 7 million U.S. homeowners. 90007
90002 It was clear within the program’s first two years, though, that HARP would fail to reach its target. 90007
90002 One of the reasons HARP fell short was that the government asked banks to underwrite HARP loans in a similar manner as a streamlined refinance, but then held the banks responsible for whatever mistakes the loan’s previous lender may have made on the same loan. 90007
90002 For example, if Wells Fargo was making a HARP loan to an existing Bank of America customer, Wells Fargo would be accountable if Bank of America’s failed to properly verify the customer’s income; or if Bank of America issued a loan approval «by accident».90007
90002 Banks were scared by this clause. Rather than risk another bank’s «bad underwrite», then, lenders chose to restrict HARP loans to their existing customer base only. 90007
90002 Loans like these came to be known as «same-servicer» HARP loans. The lack of «cross-servicer» loans hindered HARP’s progress, and suppressed total loan volume. 90007
90002 A second reason HARP was falling short was because the program restricted HARP loans to homes with an LTV of 125% LTV or less. 90007
90002 The LTV restriction prevented homeowners in hard-hit states such as Nevada and Florida from using HARP because many had negative-equity positions greater which exceeded what HARP would allow.90007
90002 After two-plus years of HARP, then, in an effort to make HARP «better», the government re-released the Home Affordable Refinance Program as «HARP 2.0». 90007
90002 There were two main changes in HARP’s second release: 90007
90092
90093 New mortgage lenders were indemnified from errors of the original lender 90094
90093 All loan-to-value restrictions were removed; 125% LTV was no longer a limit 90094
90097
90002 The changes to HARP gave U.S. homeowners access to unlimited LTV loans, plus every HARP-participating lender.HARP volume tripled in the next 12 months. 90007
90002 As of today, more than 3.3 million Home Affordable Refinance Program loans have been closed for U.S. homeowners on a mix of primary residences, second homes, and investment properties. 90007
90002 The HARP program expires December 31, 2018. HARP will no longer be available after that date. 90007
90008 What Are Today’s HARP Mortgage Rates? 90009
90002 The HARP mortgage program expires at the end of 2016. If your existing mortgage rate is above today’s rates and your home has lost value since purchase, you may be HARP-eligible.90007
90002 Get today’s live mortgage rates now. Your social security number is not required to get started, and all quotes come with access to your live mortgage credit scores. 90007
90002 Find HARP replacement programs here (Jul 12th, 2020) 90007
.90000 Compare Refinance Rates for Mortgages & Home Loans 90001
90002 Mortgages can be tricky. Mortgages are, at their core, a contract between you and a creditor. The creditor is usually a bank or financial institution that loans you money, with which you can purchase your home. Mortgages come with their own risks, but there are a lot of benefits. Home ownership is a financial tool in and of itself. Do not allow yourself to be intimidated by a mortgage. While there were predatory lending problems in the past, there has been legislation passed to minimize these threats.A way that you can pay less on your mortgage is through refinancing. To refinance mortgages, you will need to go through a process. The process to refinance mortgages is not difficult. The refinancing may allow you to renegotiate interest rates and monthly repayment. 90003
90002 90005 Here is the crucial information you should know about how to refinance mortgages: 90006 90003
90008 What is Refinancing a Mortgage? 90009
90002 To refinance mortgages, there are some terms and definitions people need to know.First of all, refinancing itself involves taking financial stock once again of something. When you refinance the asset (such as when you refinance mortgages), you usually get a lower rate of interest. When refinancing, the debt obligation is replaced with a new obligation at a lower rate. So, a bank takes your mortgage and its interest rate and gives you a lower one. You might end up paying significantly less than you paid beforehand. 90003
90008 Benefits of Refinancing a Mortgage 90009
90002 As you can imagine, there are a lot of benefits to refinancing your mortgage.You pay less each month, for example. You can save money through the lowering of mortgage payments. You can also shorten the term of the loan. If you were paying something off for thirty years, that might be decreased once you have the new rate. Again, it depends on how the refinancing goes. 90003
90002 Debt consolidation is another benefit. If you owe multiple creditors and have multiple debts, you can group these (consolidate them) into one loan. This way, payments are easier to track and the whole single loan itself might have an easier interest rate.Debt consolidation is one of the most useful financial tools for people who have multiple debts. It makes things way easier. If you have a loan existing now that you want to improve or if you’ve found a lender with better terms, refinancing a loan is a good idea. Also, if your new loan terms help you pay off a debt completely, definitely refinance. 90003
90008 When to NOT Refinance Mortgages 90009
90002 Refinancing might save you money, but it is not cheap. The process to refinance mortgages can be expensive.If you check the figures and see that, after all is said and done, you do not come out ahead, you will not want to refinance mortgages. You do not want to lose money doing something that is supposed to save you money. 90003
90002 Also, note that refinancing can backfire. You might end up paying more than before if you refinance mortgages. This might mean that you pay out over a longer time period with lower rates. Choosing to refinance is a balancing act. You should definitely get professional input as to refinancing’s value to you.Also, if you have student loans, there might be benefits that you’ll lose if you refinance. If your loan has a fixed rate, changing that could harm you in the future if the market takes a turn for the worse. Adjustable rates can be volatile. There are some cases in which it’s better to stick with what you have. 90003
90002 There some things that do not change when you refinance mortgages. When you refinance mortgages, you do not increase your debt burden unless you roll closing costs and the loan together.Also, collateral does not change. You can expect these factors to stay the same. 90003
90008 FYI: Predatory Lending is Real 90009
90002 As with any mortgage discussion, it is important to talk about predatory lending. Back almost a decade ago, predatory lending caused a major financial crisis. Banks lent mortgages to people who the banks reasonably knew could not afford them. People lost their homes, and the market went south. This is not to dissuade you from a mortgage. It should encourage you to carefully research the financial institution lending you the mortgage.90003
90002 The ability to refinance mortgages is a gold mine for homeowners. You are not technically locked into your mortgage when it comes to the amount. There are multiple reasons a mortgage could become different as a result of refinancing. Repayment of a mortgage is, obviously, necessary. Failure to repay will damage your credit and potentially cause the bank to take your home. But this obligation can be negotiated with the right tools. Make sure to refinance your mortgage to keep it current.There is a chance that, without the choice to refinance mortgages, you might be paying more than you need to. 90003.