Cincinnati, OH -- (SBWIRE) -- 08/09/2013 -- It seems like everyone in Ohio is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, Ohio residents have to be even more careful about shopping for the best loan," says Dennis Straw, NMLS #841790, a Cincinnati, Ohio based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Straw, NMLS #841790 offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don't rush to refinance unless it's truly worth your while. If you're working with a mortgage broker rather than going it alone, you can be assured that they're bringing you the best offers out there. If you're going it alone, you'll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

Cincinnati, Ohio - based mortgage expert Dennis Straw, NMLS #841790 specializes in providing mortgage information to Ohio residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Dennis Straw, NMLS #841790 is available for interviews and will welcome all your mortgage related questions.

Call 513-678-3266 for a Free No-Obligation Consultation or visit Dennis Straw

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cincinnati, OH -- (SBWIRE) -- 08/09/2013 -- More people than ever with homes in distress are able to refinance under the HARP 2.0 program. This bodes well for homeowners looking to reduce their interest rates and lower their monthly mortgage payments and with no Appraisal.

The only problem is that still many Ohio homeowners don't know the program exists.

Ohio mortgage originator, Dennis Straw, NMLS #841790 educates his potential clients on the basics of this program at his Online HARP Refinance Information Center.

Straw, NMLS #841790 explains that the Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible borrowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home value.

In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in Ohio.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more homeowners than ever are now eligible to refinance at lower interest rates.

According to Straw, NMLS #841790, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those Ohio homeowners with high LTVs (Loan-to-Value ratios) and less than perfect credit scores have been able to successfully refinance their homes.

You May Be Eligible For A HARP Refinance If:

1) Fannie Mae or Freddie Mac owned or guaranteed your home loan along with FHA or VA.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage is current for the last six months.

4) You owe more than your home is worth, or is there minimal equity in your home.

5) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

6) You have no more than one late payment over the past 12 months.

Call Dennis Straw, NMLS #841790 at 513-678-3266 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://harploansohio.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Cincinnati, OH -- (SBWIRE) -- 07/08/2013 -- Cincinnati Ohio based Mortgage Expert finally reveals the secrets at his new Online Mortgage Information Center.

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Ohio or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

-Little Known Secrets That Will Show You How To Improve Your Credit Score

-Important Terms You Must Know BEFORE Obtaining A Mortgage

-Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

-The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

-How To Finally Stop Renting And Own A Home Of Your Own

-How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

-7 Things You Should NOT Do When Applying For A Home Loan

-12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

About Dennis Straw
Cincinnati, Ohio - based mortgage expert Dennis Straw, NMLS #841790 specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Dennis Straw, NMLS #841790 is available for interviews and will welcome all your mortgage related questions.

Call 513-678-3266 for a Free No-Obligation Consultation or access free mortgage information on Straw's website.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Ohio Refinancing Expert Dennis Straw, NMLS #841790 explains all about the revamped government program that provides refinancing options to homeowners who owe more on their mortgage than their house it worth called HARP 2.0.

Cincinnati, OH -- (SBWIRE) -- 07/02/2013 -- Help has finally arrived for Ohio home owners whose property values have dropped over the past couple of years. In order to lower costs of mortgage installments today and get a good fixed rate plan underway for repayment, many people are turning to the Home Affordable Refinance Program (HARP or HARP 2.0), also known as the Making Home Affordable Program.

However, as new information appears on government sites, people are finding the documentation to be lengthy and somewhat confusing.

Dennis Straw, NMLS #841790, a Cincinnati, Ohio based mortgage consultant, has released a new HARP 2.0 Refinance web site designed to remove the confusion about this latest government program.

This new HARP 2.0 resource site shares details about the basics of this mortgage lending solution and answers questions like:

- What are HARP loans all about, in a nutshell – in layman's terms? 
- What are the benefits of HARP loans? 
- What kind of mortgage loans can HARP funds be used for?
- Do I qualify for the HARP program?
- What documents do I need to bring to the lender when I apply?
- And much more…

The new resource site showcases pages of information to help Ohio borrowers realize that HARP loans are an ideal way for families with homes that have dropped in value to rebuild their investment, creating equity faster under a new structure.

HARP Specialist Straw, NMLS #841790, says "readily available and with low interest rates, these HARP loans are an exciting way for people to enjoy double savings with lower monthly mortgage installment loan payments and increased equity over the long term restructuring."

Dennis Straw, NMLS #841790 is available for interviews and will welcome all your mortgage related questions.

Call 513-678-3266 or visit our HARP Refinance site to see if you qualify for this new program.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Struggling Ohio homeowners now have real help available through the new FHA streamline refinance program.

Cincinnati, OH -- (SBWIRE) -- 06/05/2013 -- Ohio mortgage lender, Dennis Straw, NMLS #841790 is now offering a newly revamped FHA streamline refinance program aimed at enabling even the deepest underwater or upside down homeowners to reduce their payments and enjoy current record low mortgage rates.

The newly released FHA streamline mortgage no longer requires a home appraisal and offers superior savings in addition to many benefits which Ohio homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, Ohio borrowers with FHA home loans have had limited opportunities to receive mortgage assistance.

In addition to incredibly low interest rates and massive savings over the life of your mortgage loan, streamlined refinances offer the following benefits:

- Lower Mortgage Insurance
- No appraisals required
- 'No-cost' refinancing possible
- Lower credit scores OK
- No loan balance increase to cover loan costs
- Can refinance even if 'underwater' or 'upside down'
- Minimal paperwork

The Federal Housing Administration (FHA) who insures these home loans actually has no minimum credit score requirement and requires no income verification, although each individual mortgage lender may have their own underwriting guidelines requiring a minimum credit score and additional income verification.

Still, what is really different about the new streamline program is the reduction of mortgage interest for those whose original loans were endorsed on or before May 31st, 2009. According to the FHA this equates to additional savings of over $3,000 at closing and over $100 a month for the average borrower compared to the previous program.

This is on top of the ongoing payment savings for a borrower, which could be thousands of dollars per year depending on the loan amount and interest rate change.

Clearly, no borrower could ask for an easier mortgage program to qualify for and the savings could be quite significant, even for those who already thought they had pretty attractive rates.

FHA Streamline Specialist, Dennis Straw, NMLS #841790 says "these FHA loans are an exciting way for people to enjoy double savings with lower monthly mortgage payments and faster equity building with the long term restructuring".

Ohio property owners who currently have FHA loans can discover more information on the program and check out the 60 second eligibility form for personalized quotes and savings calculations at http://fharefinanceohio.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Real help for struggling Ohio homeowners is now available through the new FHA streamline refinance program.

Cincinnati, OH -- (SBWIRE) -- 05/28/2013 -- Ohio mortgage lender, Dennis Straw, NMLS #841790 has finally announced the release of the FHA Streamline Refinance program which can really help struggling local homeowners since qualifying for this program is easier than ever.

Many homeowners have become weary after years of promises that real help was on the way which would make their mortgage payments more affordable and enable them to avoid falling into foreclosure. However, until now initiative after initiative seemed unable to provide real assistance to property owners with FHA home loans.

HARP 2.0 delivered relief for some homeowners, but only for those with mortgages backed by Fannie Mae or Freddie Mac.

Thankfully, a real effort has been made to assist Ohio borrowers with FHA mortgages to reduce their monthly payments and take advantage of low interest rates.

This now means there are no appraisals being required to qualify so being underwater or upside down on their mortgage will not prevent homeowners from refinancing. The FHA has also announced that it is waiving the necessity for credit reports and income verification to enable more Ohio homeowners to qualify. However, it is important to note that individual mortgage lenders all have their own underwriting guidelines which may mean some income verification is needed as well as a credit check but most will still be far more lenient than trying to get approved for any conventional home loan today.

What is really different about the new FHA Streamline refinance program is the reduction in mortgage insurance for those who had their loans endorsed on or before May 31st, 2009. Until now, recent rate increases had eliminated much of the savings for those attempting to refinance or meant they had to bring cash to closing. Now 'no-cost' refinancing is available and that coupled with lower mortgage insurance rates can equal thousands of dollars in savings.

When asked about the new FHA streamline program benefits Dennis Straw, NMLS #841790 of MCS Mortgage Inc. - NMLS #1027389 said "This program finally delivers really substantial savings to underwater homeowners and anyone with an FHA loan who has not refinanced in the last six months should seriously consider this option, even if turned down before".

Those interested in finding out more about the FHA Streamline Program or would like to see if they qualify can discover more details on eligibility and receive a customized rate quote by visiting http://fharefinanceohio.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm