A new FHA refinance program is targeting non FHA home owners that are upside down on their mortgage equity. There is now more information from FHA about the program and how it will work.
Continue reading...Sunday, July 25, 2010
But Were Afraid to Ask! You may have heard that building up equity in your home can be a valuable asset. But how can staring at your walls help you take that long needed vacation, send your child to college, or pay your bills? The answer, refinancing.
Continue reading...Saturday, October 31, 2009
Have you heard about FHA Jumbo Loans?
Continue reading...Saturday, October 31, 2009
Have you heard about FHA Jumbo Loans? In 2008, the economic stimulus package was put into place. Part of the package was to offer FHA Government Insurance on higher loan limits than in the past. These larger FHA loans are known as FHA Jumbo Loans aka FHA Jumbo Home Mortgage Loan. FHA Jumbo Loans can be used to purchase or refinance a home in Bergen County and other high-cost areas in New Jersey.
Continue reading...Saturday, October 31, 2009
The FHA 15 year fixed program has several benefits for Orange County, CA FHA borrowers . While it does result in a higher payment because it is fully amortizing, it can save thousands of dollars for the borrower in the long run.
Continue reading...Saturday, August 29, 2009
The FHA Streamline Refinance program has been very popular in Orange County in 2009. Interest rates have been low relative to 2008 for most of the year, allowing people who bought their homes only 1 year ago or less to drop their interest rate any where from .5% to 1% or more with having to go through the approval process like they did when they first bought their home
Continue reading...Saturday, July 18, 2009
Bergen County NJ FHA Loan Limits More New Jersey families are eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama. The American Recovery and Reinvestment Act of 2009 allows HUD’s Federal Housing Administration (FHA) to temporarily increase its loan limits and insure larger mortgages at a more affordable price in high cost areas of the country
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Wednesday, August 18, 2010
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