Posts Tagged "actually"

Reducing FHA Mortgage Insurance Premiums Actually Worked

on Mar 7, 2015 in FHA Information | Comments Off on Reducing FHA Mortgage Insurance Premiums Actually Worked

Reducing FHA Mortgage Insurance Premiums Actually Worked Last month, price the POTUS announced that HUD was reducing FHA monthly mortgage insurance premiums in an effort to make home financing more affordable for more consumers. In previous posts I have posited that this action was necessary to stimulate FHA … If you would like more informaiton please visit here… Reducing FHA Mortgage Insurance Premiums Actually...

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With all the relief efforts out there, are foreclosure rates actually dropping yet?

on Mar 16, 2013 in HARP Refinance | 1 comment

Question by Painted Jezebel: With all the relief efforts out there, buy are foreclosure rates actually dropping yet? With programs out there like Hope Now and Neighborworks, click and so on, shouldn’t the foreclosure rates be slowing down? It doesn’t seem to be the case in my town, but what are the updated national numbers? Best answer: Answer by roadhunterThey are actually rising. No big national relief has been put into place yet. I hope it never is. People who borrowed 100% for their home, are on interest-only loans, or bought houses thinking they would explode in value are not my problem, and it sickens me to think my tax dollars will go to help them. I need my money to make my own house payment! What do you think? Answer below! With all the relief efforts out there, are foreclosure rates actually dropping...

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Can a single woman on a land contract deal actually apply for a federal grant to buy this first home for me?

on Dec 5, 2012 in HARP Refinance | 1 comment

by U.S. Army Garrison Japan Question by deemark1961: Can a single woman on a land contract deal actually apply for a federal grant to buy this first home for me? I hear of federal funding programs but don’t know where to apply? Is this a good time to even apply for one? Best answer: Answer by Dances with AardvarksThere are no federal grants for the purchase of a private residence. You can get an FHA loan though if the property is eligible and you meet the lending guidelines. Add your own answer in the comments! Can a single woman on a land contract deal actually apply for a federal grant to buy this first home for...

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Where are the low-income home mortgage lenders that actually make home loans to families with low incomes?

on Oct 3, 2012 in Stated Income Loans | 2 comments

by eyewashdesign: A. Golden Question by Stephen C: Where are the low-income home mortgage lenders that actually make home loans to families with low incomes? Where are these so-called low-income home mortgage lenders I hear so much hoop-la about? I’ve been searching for months and have yet to find one that actually makes these loans. Most won’t make a loan for less than 100k. Others won’t touch you if your monthly income is less than 2k a month. The rest won’t touch you unless you have good credit. If your actually low income you can’t afford to buy anything on credit (even if you could find someone to extend you credit), viagra dosage thus your credit is considered poor because you don’t have any credit history. The catch 22. Best answer: Answer by katbIf you live in a rural area than look for a bank that does Rural Development loans. Up to 115% financing for low-moderate income. Otherwise look for a bank that does FHA loans. Add your own answer in the comments! Where are the low-income home mortgage lenders that actually make home loans to families with low...

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