Posts Tagged "above"

FHA's MMI Fund Turns The Corner; Reserves Now Above Required 2%

on Dec 15, 2015 in HARP Refinance | Comments Off on FHA's MMI Fund Turns The Corner; Reserves Now Above Required 2%

FHA's MMI Fund Turns The Corner; Reserves Now Above Required 2% Most of the losses were in the FHA's reverse mortgage program, pills also known as the Home Equity Conversion Mortgage (HECM) program. However, erectile most of the problems with that program were fixed when the Reverse Mortgage Stabilization Act was signed … More informaiton please visit here… Feature: The Impact As a product shaped and insured by the federal government, this web reverse mortgages are subject to frequent regulatory change. In the past few years, the program has … The industry has endured its fair share of ups and downs—product variations have come … If you would like more informaiton please visit here… FHA's MMI Fund Turns The Corner; Reserves Now Above Required...

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How to refinace a non- FHA mortgage above 80% LTV?

on Aug 20, 2012 in FHA Information | 3 comments

Question by betahedger: How to refinace a non- FHA mortgage above 80% LTV? I purchased my how in late ’09 with 5% down, drug on a Non-FHA loan, try I was probably the last person to be able to get away with that. Then in late ’10, I was able refinance my loan to 4.5% due to a very favorable appraisal that claimed my home value rose 15% and therefore I had a 80% LTV. Is there any way I can refinance my house at the current rates, assuming I won’t get lucky on my appraisal again, and without mortgage insurance or bringing money to the table. Both of which will probably wreck the economics of a refi as I doubt I will be in my current house for another 5 years. My loan is for about $ 300k, so 75 basis points (0.75%) would save me 2,250 pre-Tax, about 1,800 post tax a year. So that is the point, and I am not complaining I am trying to save money, but I will complain about people giving answers that are opinion not answers. If you want to give your opinion write a blog that no one will read, don’t waste peoples time on yahoo answers. Best answer: Answer by Common Sense has died.Let me get this right…you have a 4.5% loan and you’re complaining? And you don’t think you’ll be there in 5 years? Then what’s the point of a refi??? Know better? Leave your own answer in the comments! How to refinace a non- FHA mortgage above 80%...

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