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.
Maryland FHA responds to Short Sales and here are the 5 things you need to know. Changes are effective immediately. Maryland borrowers ARE eligible for new FHA financing if they are 0X30 on the mortgage in the last 12 months and the proceeds from the short sale serve as payment in full. Maryland borrowers whose mortgage [...]
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 [...]
FHA Streamline Refinances in Philadelphia are available to lower your principal and interest payments on your current FHA insured mortgage. FHA Streamline refinances are designed to alleviate some of the normal requirements of a typical refinance. Here are some nuances of the FHA Streamline refinance…. – FHA Streamline refinances can be obtained with or without [...]
There are a lot of other things to consider when thinking about a refinance. Are you looking to pay other items off? What is my loan to value? What is my credit score? The way to find out if a refinance is the right thing to do is to talk to a professional in the business. I am always available to answer your questions regarding refinancing or purchase. Rates are great, but that isn’t the only thing to be concerned with when considering a mortgage loan. Is it right for you? Should I put more down or borrow more? FHA/VA/USDA loans may be the way to go instead of conventional. FHA allows cash out refinancing up to 95% loan to value. VA cash out refinances are available up to 100%. USDA doesn’t do refinances but has purchase money available up to the appraised value even if it is over the purchase price.
Buying a home vs. renting is a big decision that takes careful consideration. For many years, purchasing real estate was considered an extremely profitable investment. Over the past view years many have held off, due to the Housing bubble burst and the declining market values due to the historic credit crisis.
Delinquency on your mortgage is a serious business. There are counselors available through several sources to help you if you are in trouble. Don’t lose your home because you were unwilling to ask for help. There are numerous agencies that are available to help home owners with their finances. If you can’t find someone locally, call the number for HUD. There are times that even tough people need help. There are positive ways to make it through tough times.
There are some really great people here that
What is a Green Home Loan?
It is a Home Loan for both Purchase and Refinance applicants. EEM offer lower interest loans to energy efficient borrowers. The EEM forecasts the future savings on energy efficient upgrades/improvements and allows the borrower to account for the savings as additional income. With increased income = increased loan amount.
Temecula, CA FHA Mortgage Jonas Kruckeberg First Priority Financial 951-506-4663 Email About Jonas Kruckeberg, California FHA Loan Originator: Jonas has been originating mortgage loans since 2004 in Temecula, CA. He specializes in Government loans in Riverside County, CA for First Time Home Buyers & Move-Up Buyers. His unique approach to mortgage lending includes a combination [...]
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 [...]
*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
