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FHA Manual Underwriting Some lenders will not touch an FHA loan that can not be approved through an automated underwriting system, and some have started to require minimum credit score requirements. However, there are quite a few lenders who will manually underwrite FHA loans. ... (Posted: 5/17/2008 6:55:26 PM) Permanent Link Finance Repairs into Home Purchase If one is looking to purchase a home in need of repair, there are several options currently available in which one can finance home repair costs into the purchase of a property. The most notable are the FHA 203k and Streamlined K, as well as Fannie Mae's Homestyle and EasyFix Products. We will tak ... (Posted: 5/15/2008 5:43:08 AM) Permanent Link Tags: [finance home repair, fha, fannie mae] FHA Streamline Refinance For a normal refinance, you must qualify for the loan and provide all of your income, banking, credit, and liability information as well as an appraisal. If an FHA streamline refinance is done without a property appraisal, the new loan amount cannot exceed the original loan amount. The FHA streaml ... (Posted: 1/30/2008 8:51:26 AM) Permanent Link Tags: [fha, streamline, refinance] FHA Lending in the State of Florida FHA mortgage loans are an excellent source of financing in the State of Florida. FHA loans are a government insured loan that tends to be a little more lenient credit-wise than traditional Fannie Mae financing. With purchase money financing with just 2.25% down and cash-out refinancing up to 95% of ... (Posted: 10/6/2007 5:13:00 AM) Permanent Link Tags: [fha, hud, florida, mobile home, maufactured home, ] "FHASecure" Loan Program The Federal Housing Administration will be installing a new program soon known as the "FHASecure" loan. This program is designed to refinance consumers who have fallen behind on Subprime ARM loans due to recent adjustments in the rate. The "Fhasecure" loan will help consumers keep their homes. Fo ... (Posted: 10/6/2007 5:12:57 AM) Permanent Link Tags: [fha, fhasecure, subprime] Bush Has Announced the FHASecure Initiative Recently, President George Bush announced the FHASecure Initiative. This is an FHA-Insured loan program designed to help consumers who have fallen behind on mortgage payments due to their mortgage payments adjusting upward. Many consumers who have purchase or refinanced in the last 5 years did so ... (Posted: 10/6/2007 5:12:55 AM) Permanent Link Tags: [fha, bush, federal housing administration] Subprime ARM Refinance Help Throughout the late 90's through 2007 many first time home owners and current home owners used Sub prime ARMS to either purchase or Refinance their homes. Many of these home owners are now facing mortgages that have hit there adjustment date and are difficult or impossible to pay. ... (Posted: 10/6/2007 5:12:53 AM) Permanent Link Tags: [sub prime, arm, refinance, bad credit] ARM Rate Adjusted If your ARM rate adjusted recently, you are one of the millions of Americans who has a mortgage payment that just increased. Fortunately, in most cases there are loan programs you can qualify for that offer the stability of a fixed monthly payment. Many of the following programs or products can he ... (Posted: 10/6/2007 5:12:48 AM) Permanent Link Tags: [arm, refi, rate] refi-fhasecure HUD has recently announced a refi-fhasecure program designed to help consumers who have fallen behind on their recently adjusted loans. This refi-fhasecure will allow a consumer to roll up to 6 months past due payments into a new refinance loan as long as they qualify. We will be taking a look at ... (Posted: 10/6/2007 5:12:46 AM) Permanent Link Tags: [refi, fhasecure, refifhasecure, loan, mortgage] Reverse Mortgage Unlike conventional mortgages, where the homeowner makes payments to the lender, a Reverse Mortgage actually has the lender making payments to you. Basically, equity-rich, elderly homeowners get cash (monthly or in a lump sum) in return for a mortgage on their home. The amount, of course, is d ... (Posted: 10/6/2007 5:12:41 AM) Permanent Link Tags: [reverse, mortgage, retired, senior, equity] ARM Rate Increase The initial rate for an ARM mortgage is fixed for an introductory period ranging from 1 month to 10 or more years. Most Adjustable Rate Mortgages have a fixed, or "teaser" period of 2 or 3 years (2/28 or 3/27 are the industry terms for these ARM loans). After the ARM's introductory period expire ... (Posted: 9/3/2007 11:55:38 AM) Permanent Link Tags: [arm, adjustable rate mortgage, fixed, refinance] Negative Amortization Loan Negative Amortization Loan programs, which were once available to only the wealthiest of a bank's customers due to their ability to allow borrowers to defer interest, are now being marketed to more "conventional" self employed borrowers, business owners, and beneficiaries of passive income, investme ... (Posted: 9/3/2007 11:55:36 AM) Permanent Link Tags: [brand names, option arm, pick a pay, smart choice] Negative Amortization When mortgage payments on a loan do not cover the full amount of interest that is due, any unpaid interest is then added to the principal balance of the loan. Under a standard amortization, the principal balance decreases with each payment over until the loan is completely paid in full. ... (Posted: 9/3/2007 11:55:34 AM) Permanent Link

Recent Posts: FHA Manual Underwriting Finance Repairs into Home Purchase FHA Streamline Refinance FHA Lending in the State of Florida "FHASecure" Loan Program Bush Has Announced the FHASecure Initiative Subprime ARM Refinance Help ARM Rate Adjusted Refi-fhasecure Reverse Mortgage ARM Rate Increase Negative Amortization Mortgage Types Negative Amortization Loan Negative Amortization FHA Loan Mortgage Meltdown - A Changing Market Foreclosure Prevention Pre-Foreclosure Sale Taking Appliances Fixtures After A Foreclosure How Long Can I Stay In My Home After Foreclosure Homebuyer Below 500 Refinance Refinance Adjustable to Fixed ARM - Index 30 Year Fixed Rate Down Payment from 401K or 403B Retirement Annuity Fixed Rate Refinance ARM Adjustment Caps Appraisal Rental Properties

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