Tag Archive | "fha-streamline"
Video Alert – Now is the time to Refinance!
Now is the time to Refinance! Especially if you have a FHA Mortgage in New Jersey or New York! Hope you liked the video! Now is truly a great time to refinance. Rates are at historical lows. If you live in New Jersey or New York we have a FHA Refinance program with NO APPRAISAL!!
Continue reading...5 Important Things To Know About An Arizona Refinance
Monday, September 20, 2010
5 Important Things To Know About An Arizona Refinance When doing an Arizona Refinance through the FHA Streamline Refinance program, there are 5 important factors that really make this work well for Arizona home owners. This version of the Arizona Refinance is helping people get into some crazy low interest rates, even if they owe
Continue reading...Time is Running Out for Maximizing Savings with the FHA Streamline Program in Orange County
Sunday, September 12, 2010
The FHA Streamline Refinance program has provided a very easy way for current Orange County FHA borrowers to lower their interest rate. With mortgage rates in Orange County at or near all times low’s, FHA borrowers have been able to drop their interest rates without having to re-qualify for the loan by taking advantage of
Continue reading...FHA Streamline Refinance Mortgages Are Still Popular in NJ
Monday, April 5, 2010
As the old saying goes, everything old is new again. The same can be said for the changes to FHA streamline refinance guidelines which went into effect November 18, 2009. The changes really just took us back to where we were in 2003, the biggest change being to the formula to determine the loan amount: Outstanding Principal Balance - Upfront Mortgage Insurance
Continue reading...FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
Friday, March 5, 2010
FHA's Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Continue reading...Massachusetts FHA Streamline Refinance Program Ending Soon
Saturday, November 7, 2009
Only a little over a week remains for Massachusetts FHA mortgage holders to take advantage of one of the most popular and easiest refinance programs available…the FHA Streamline Refinance. Effective with FHA case numbers assigned on or after November 18th, those seeking a MA FHA Streamline Refinance will face much more stringent rules which effectively eliminate the program as we know it. Current FHA Streamline Refinance guidelines allow existing Massachusetts FHA mortgage holders to refinance their loan without the need for a new appraisal and without income or asset documentation provided that all mortgage payments have been made on time for the last year (or past 6 months if a newly purchased home)
Continue reading...New FHA Streamline Refinance Guidelines in California for 2010
Friday, October 2, 2009
FHA Streamline Refinance Guidelines for 2010 for California will be new to some, but old to others. Under today’s FHA streamline refinance guidelines, homeowners with FHA loans have the ability to lower their monthly payment when FHA mortgage rates are reduced
Continue reading...FHA Streamline Refinance Changes coming to New Jersey ….and Nationwide
Thursday, September 24, 2009
If you have been thinking about doing an FHA Streamline Refinance in New Jersey , you should be aware of the changes that are coming very soon.
Continue reading...FHA Announces Significant Revisions to Streamline Refinance Transactions
Friday, September 18, 2009
HUD’s issuance of Mortgagee Letter 2009-32, Revised Streamline Refinance Transactions today. The announced changes may have effectively caused an indefinite hiatus for a popular program for FHA borrowers – the “No-Cost” FHA Streamline Refinance. I’ve provided an explanation of the loss of the “no cost” fha streamline refinance (streamline refinance transaction without appraisal that finances the closing costs into the mortgage) on my blog.
Continue reading...What Does FHA Insure?
Wednesday, July 15, 2009
What FHA Insures FHA insures mortgages on properties that consist of detached or semi-detached single family residences, townhouses or row houses, and individual units within FHA approved condominium projects. FHA will not insure mortgages on commercial enterprises, boarding houses, hotels and motels, tourist hourses, private clubs, bed and breakfast establishments, and fraternity or sorority houses. Second/vacation homes are not permitted. Investment property allowed on Streamline Refinances only
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Saturday, September 25, 2010
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