IT's still a great time to purchase a home or to refinance !!!! Lenders still have money to lend. WARNING... WARNING.... buyers can still buy with little money out of pocket, all thanks to FHA mortgages. There has been a lot of doom and gloom out there in recent months. It's not even the media
...
10/09/2008
FHA Hope for Homeowners has finally arrived. The Housing and Economic Recovery Act of 2008 amended the National Housing Act to authorize a new temporary FHA mortgage insurance program called HOPE for Homeowners. This is also know as the H4H program. This program, even though introduced on HUD's
...
10/09/2008
WARNING.... WARNING...... WARNING..... This is not to say that mortgage interest rates have dropped today. Sometimes in the past, mortgage interest rates did become lower in weeks after the Fed dropped the fed rate. There have been times when rates went up. There are many variables for these two
...
10/08/2008
In obtaining a FHA loan might be a tad more challenging now, more than ever. Now with a slightly larger downpayment and the possibility of downpayment assistance programs being delayed or not coming back, the average consumer will just need to be a little more patient. Hence the reason why the
...
10/07/2008
FHA loans will no longer have mortgage insurance premiums based on a combination of loan-to-value ratios and credit scores. This actually starts today, October 1, 2008, and rescinds Mortgagee Letter 2008-16. This is for all FHA mortgages that have FHA case number assignments as of today. So, wh
...
10/01/2008
