It is important for Florida Home buyers to know that Florida FHA loan limits are going down for 2009. For 2008 Seminole County loan limits, it is a HUGE drop. The new loan limits per county are as follows: MSA Name MSA Code Division County Name County Code State One-Family Two-Family Three-Family Four-Family Last Revised [...]
Can anybody remember when the times were not hard, and money not scarce? - Ralph Waldo Emerson I am nowhere near old enough to have lived through the Great Depression. In fact, even the gas lines of the late ‘70’s are a foggy memory from my childhood. I did just turn 40, however, and I [...]
Jim Duffy Brand Mortgage 6224 Sugarloaf Parkway Duluth, GA 30097 1.800.MY.LOANS (1.800.695.6267) jim(at)MortgageLenderAtlanta.com NMLS # 35122 I want to welcome you and introduce myself, Jim Duffy, and my team. I have worked hard over the years to assemble a top class team to provide a mortgage concierge level services. And proof of that as so [...]
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 [...]
WHAT IS AN FHA SHORT REFINANCE? An FHA Short Refinance is when a home owner refinances a loan where they owe more on their mortgage than their current mortgage is worth. FHA Short Refinance applicants are upside down on their equity, and so they need an FHA Short Refinance. The only way to refinance the [...]
During an economic downturn, especially involving real estate, there is almost always someone around to take advantage of homeowners. Now, with an increase of foreclosures, we have a number of foreclosure scams starting or continuing to operate. Homeowners facing foreclosure should beware of foreclosure scams. Scammers can cause the homeowner to lose both the home [...]
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 [...]
About Fred Chamberlin with Alpine Mortgage Planning in Eugene: With over 20 years of real estate lending in Eugene Oregon, Fred specializes in first-time home buyer FHA, VA and USDA mortgages. I have been in the mortgage business for over 20 years and working in the Eugene/Springfield area for more than 15 years. I am a native Oregonian [...]
It is truly amazing right now the number of homeowners who are upside down on their mortgages and could benefit from an FHA Short Refinance, if only they knew it existed. Every day I get calls from homeowners who owe $30,000 to well over $200,000 more than what their property is worth (this is one [...]
*This is not an offer to lend. 
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