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Mortgage Articles
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| FHA has released a letter that revises the loan application for reverse mortgages as well as the agreement for these loans. The FHA Home Equity Conversion Mortgage (HECM) is the most popular reverse mortgage program in the United States. Reverse... |
| 3/21/2010, 11:03 AM by Dave Hershman |
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| The process of purchasing a home takes savvy, time and diligence. It is the most important investment we make in a lifetime and studies have shown that a consumer takes anywhere from six months to two years to contemplate the... |
| 2/7/2010, 12:16 PM by Dave Hershman |
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| FHA has announced that they are introducing a series of significant changes to their guidelines. These changes include an increase in the cost of FHA mortgage insurance which is required on all FHA mortgages. The upfront mortgage insurance will be... |
| 1/25/2010, 01:30 PM by Dave Hershman |
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| Late last year, the Federal Housing Administration issued a letter with new condominium lending policies that went into effect in December. The letter limits the number of condo units in one complex that can be financed with FHA-insured loans at... |
| 1/18/2010, 07:38 AM by Dave Hershman |
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| The Federal Housing Administration (FHA) recently announced that the effective date of proposed appraisal rules will be delayed until February 15, 2010. These rules were issued in 2009 and are intended to shield appraisers from influence by loan officers... |
| 1/10/2010, 10:30 AM by Dave Hershman |
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| The Federal Housing Administration has issued a letter which changes the maximum fee requirements for lenders effective January 1, 2010. Traditionally, the lender’s “origination fee” has been limited to 1% of the loan amount. FHA has allowed the lenders... |
| 1/8/2010, 07:38 AM by Dave Hershman |
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| Congress recently held hearings regarding the financial status of the FHA lending program. Now the most popular program in the nation, this lending program is essential for the health of the housing market because of the easier qualification standards that... |
| 1/4/2010, 04:53 PM by Dave Hershman |
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| In December, the Federal Housing Administration proposed a new rule which will affect the approval requirements of lenders that offer FHA mortgages to consumers. Under this rule, lenders will be required to have a net worth of $2.5 within the... |
| 1/4/2010, 04:33 PM by Dave Hershman |
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| In the year 1910, life expectancy in the United States was only 50 years. By the year 2000, life expectancy had increased to 73 years. The overall effect of this longevity on the population of the United States is significant.... |
| 1/4/2010, 04:29 PM by Dave Hershman |
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| Congress recently held hearings regarding the financial status of the FHA lending program. Now the most popular program in the nation, this lending program is essential for the health of the housing market because of the easier qualification standards that... |
| 12/28/2009, 09:32 AM by Dave Hershman |
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| FHA recently released a letter that provides standards regarding when borrowers who are purchasing a home but have a short-sale on their credit record can quality for a new FHA loan. FHA clearly indicated that that homeowners who used short... |
| 12/28/2009, 09:20 AM by Dave Hershman |
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| Late in 2009, new guidelines were released by FHA mortgages which apply to the FHA Streamline refinance mortgage. At the time of application, the homeowner must have made at least six payments on their present loan. In addition, FHA now... |
| 12/28/2009, 09:18 AM by Dave Hershman |
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The fact is, you never realize the importance of the information contained in your credit report until that information comes back to bite you. That is certainly true in my case, and I once watched the car loan... |
| 11/18/2009, 02:40 PM by Jim Woodard |
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Many homebuyers – at least those with good credit records – have no problem in obtaining a needed mortgage at very low rates historically. That may surprise some readers, after hearing all the bad news about problems plaguing... |
| 11/18/2009, 02:37 PM by Jim Woodard |
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| According to a recent study by Synergistics Research Corporation, the use of Web sites for learning about and applying for mortgages is on the increase. The survey included key questions to homeowners who have a first mortgage. They... |
| 11/16/2009, 01:33 PM by Jim Woodard |
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| The home appraising field is in a state of transition, as more home sellers and buyers rely on brokers to help establish current market values (usually by researching sales prices of comparable properties) or using home value generating Web sites... |
| 11/15/2009, 05:38 PM by Sam Jones |
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| Considering the rising popularity of FHA mortgages and FHA mortgage rates in today's market, this is a good time to review some basic guidelines for these mortgages -- loans that are insured by the Federal Housing Administration.One of the key... |
| 11/7/2009, 03:24 PM by Jim Woodard |
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| FHA loan guidelines are generally more lenient than those of conventional lenders. The Federal Housing Administration is a government program administered by Housing and Urban Development (HUD) to help Americans who can't qualify for a conventional loan to become homeowners.... |
| 11/7/2009, 03:23 PM by Sam Jones |
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| The FHA Revitalization Bill, now working its way through Congress with the president’s strong support, will empower the Federal Housing Administration to make changes that will open the door wider to families wanting to purchase their own home. It will... |
| 11/7/2009, 03:21 PM by Sam Jones |
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| If you would like to own your own home, but don’t have a substantial income, then an FHA home loan may be a good option for you. FHA loans are designed with the average citizen in mind giving them the... |
| 11/7/2009, 03:17 PM by Sam Jones |
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| FHA mortgages and FHA mortgage rates – those insured by the Federal Housing Administration – have long been considered one of the best ways to finance the purchase of lower-priced homes, particularly for first-time buyers. Recently the FHA overhauled their... |
| 11/7/2009, 03:10 PM by Jim Woodard |
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| Three simple steps take you from the beginning to the end of applying for a mortgage loan- research, pre-qualify, and apply. As you tackle each step, you will discover how easy the process actually is. The first thing that you... |
| 11/7/2009, 02:44 PM by Jim Woodard |
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| New FHA policies, now being finalized, will be implemented on January 1, 2010. There are now new guidelines for FHA loans that have been updated to serve the greater good of the community. In a letter sent to mortgagees, FHA... |
| 11/7/2009, 02:30 PM by Jim Woodard |
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| FHA mortgages – loans insured by the Federal Housing Administration – are booming in popularity. In fact, the availability of these cost-effective mortgages is a major reason for the recent rise in home sales in most markets. It's no surprise... |
| 11/7/2009, 02:29 PM by Jim Woodard |
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| FHA mortgages are not only being enhanced to make them more accessible and affordable to home buyers, they are also structured to serve the real estate needs of other groups. FHA mortgage rates have never been lower or accessible to... |
| 11/1/2009, 04:13 PM by Jim Woodard |
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| About 40 percent of today's home loan applications are for FHA mortgages, insured by the Federal Housing Administration. And nearly 80 percent of those home loan applicants are first-time home buyers, according to FHA commissioner David Stevens. The FHA provides... |
| 10/31/2009, 03:35 PM by Jim Woodard |
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| A mortgage (loan) makes home ownership possible for most of us. Without our mortgage, well…we’d just be renters. When we buy a home, we buy security. It doesn’t matter whether this is our first mortgage or only one of several;... |
| 10/25/2009, 03:25 PM by Jim Woodard |
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| Sub-prime mortgages can be very important to those who have a bankruptcy lurking in their past, and although the down payment requirements and interest rates can be higher than for traditional loans, sub-prime mortgages can be a good way for... |
| 10/24/2009, 11:14 PM by Jim Woodard |
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| It is important for every consumer to keep on top of his or her credit report and credit score. The information contained in your credit report is of vital importance to your financial well being, and it will determine... |
| 10/24/2009, 03:20 PM by Jim Woodard |
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