Everything about Home Mortgage - Mortgages, Home Equity Loans, Refinance, Mortgage Rates and more

FHA Mortgage Guidelines May Change

If you have been thinking about getting an FHA mortgage, it may soon cost more and be harder to qualify because of possible guideline changes. Since the conventional mortgage market crashed, FHA mortgage loans have increased as a viable source of financing because of easier qualifying guidelines and lower costs. FHA market share has jumped from [...]

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FHA Streamline Refinancing is Like Stated Income Loan

If you currently have an FHA home loan, you have something that other homeowners don’t, that is the opportunity to refinance with no income verification, using the FHA streamline refinancing program. Stated income refinancing appeared to be history, but FHA will streamline your refinance in order to reduce the documentation and underwriting normally required. That means [...]

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What About The New Government Loan Programs

  Beginning in 2008, Uncle Sam has introduced a number of home loan refi programs that they hoped would spark the economy and help homeowners. The loans would be made available through normal lenders, but backed by the government. There were foreclosure bailout loan programs introduced. There were also initiatives introduced that would streamline the [...]

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