Buying a New Jersey home vs. renting is a big decision that takes careful consideration, however, the rewards of home ownership are significant. For many years, purchasing New Jersey real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages. Since [...]
A Principal Reduction Short Refinance may be an option for Las Vegas homeowners who are making high mortgage payments on properties that are worth less than the amount owed. Even though the most recent round of legislation with the new housing rescue plan does not provide for a significant principal reduction, there are still cases [...]
So much of today’s on the market housing stock is in the form of foreclosures. Many of them aren’t livable and have been vacant for some time. Entire neighborhoods sit vacant, havens for crime and an eyesore to surrounding neighborhoods. What if we could get a movement going to help take these properties and provide affordable green renovations for buyers in need through FHA 203K renovation loans?
Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market according to an anonymous source. The Treasury could, under this new plan, step up purchases of mortgage backed securities (MBS) to drive down interest rates on some loans to 4.5 percent, the official [...]
Changes to the HOPE for Homeowners (H4H) program were announced last week by HUD. I am hopeful that these changes will give the program the jumpstart that it needs to make it more viable as a way to help more distressed borrowers refinance into affordable, government-back mortgages. The changes are supposed to reduce the program [...]
American Homestead Mtg LLC 495 N Main St Kalispell, MT 59901 406-756-1505 217 W 2nd St Whitefish, MT 59937 406-863-1505 111 Main St Billings, MT 59105 406-248-7124 About American Homestead Mortgage: American Homestead has been serving the Flathead Valley and Kalispell Montana since 1994. With offices in Kalispell, Whitefish and Billings our committment to our [...]
I think everyone in the country has heard of the $800,000,000,000 (that’s a lot of zeros) bailout that was put into place in October. You can benefit from the bailout in several different ways. FHA has been granted some special exceptions by the government to help homeowners get through these tough times. Here are some [...]
In news announcements this morning, Fannie Mae and Freddie Mac say they are working on a mass loan modification program. This program is designed to rework hundreds of thousands of delinquent mortgages. Loan modifications are a way to bring delinquent mortgages back to producing status from the lenders “toxic” mortgage pool. This came on the news that Citi [...]
A Las Vegas FHA short refinance is a possible solution for a homeowner who owes more than their appraised value. The following options fall inline with the new Bailout Bill or Hope for Homeowners program: 1. FHA Secure Refinance – This is typically the case when the borrower has two separate mortgages that total more [...]
It is not a secret that most lenders who hold the notes on Las Vegas properties are not cooperating with short refinance requests. For some reason, these large banks would rather force a homeowner into foreclosure, sit on the property for 12 months, pay for maintenance, and then sell it at an even lower price [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
