Site Map Icon
RSS Feed icon
 
 
 

Today in Labor History

August 20, 1910
urricane-force winds bring a smoldering fire back to life in the Northern Rockies. The ensuing firestorm burned more than 3 million acres for two days. Several towns were completely destroyed by the fire and at least 85 people were killed, most of them firefighters. Union Communication Services

Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
  Member Resources  
     
  Teamster News Headlines  
 
Teamsters Ratify Contract with East End Bus Lines
UPS Tentative Agreements
UPS Freight Members Teleforum, August 22
Chicagoland Teamsters Ratify Contracts at First Student
Teamsters Push Back on Corporate Opposition to Supreme Court's Landmark Dynamex Decision
Teamsters Wrap Up Successful Organizing Bootcamp in Minneapolis
BLET Holds Regional Meeting In Washington, DC
UPS Freight Letter About Article 44 (Subcontracting)
Teamsters Win Industry-Leading Agreement for UPS Aircraft Mechanics
Safeway.com Home Delivery Drivers Ratify Teamster Contract
 
     
Affordable Home Refinancing Offered by First Choice
Posted On: Jan 03, 2012

The union mortgage company, First Choice Lending of New Jersey, has announced they will be participating in the Home Affordable Refinance Program (HARP).

First Choice knows that there are many homeowners who are eligible to refinance under HARP and those are the borrowers we want to reach.

The program has been updated allowing more homeowner’s to take advantage of the program. The New HARP Mortgage Program Guidelines, beginning December 1, 2011 have several benefits for home owners:

The program has been extended until December 31, 2013.

The maximum Loan to Value (LTV) cap has been removed on homeowners looking to refinance in to a fixed rate mortgage.

However, for homeowners looking to refinance in to an adjustable rate mortgage the maximum LTV is set at 105%.

The appraisal process has been streamlined; in cases where an automated value can be determined an appraisal would not be required.

Building on the industry’s experience with HARP over the last two years, First Choice has identified several changes that will make the program accessible to more borrowers with mortgages owned or guaranteed by the Enterprises. Our goal in pursuing these changes is to create refinancing opportunities for these borrowers, while reducing risk for Fannie Mae and Freddie Mac and bringing a measure of stability to housing markets.

First Choice Lending is recommending homeowners to call in and see if there loan is owned by Fannie Mae or Freddie Mac, to determine there eligibility. ??

Please call 215-750-6190 today to see how we can assist your members with the Union Mortgage program.


 
 
Teamsters Local 992
Copyright © 2018, All Rights Reserved.
Powered By UnionActive™
Visit Unions-America.com!

Top of Page image