Posts Tagged "allow"

True or False Congress passed the Federal Home Loan Bank Act to lower mortgage rates for home owners and allow?

on Oct 27, 2012 in HARP Refinance | Comments Off on True or False Congress passed the Federal Home Loan Bank Act to lower mortgage rates for home owners and allow?

by eyewashdesign: A. Golden Question by : True or False Congress passed the Federal Home Loan Bank Act to lower mortgage rates for home owners and allow? if false replace lower mortgage rates with the correct words Best answer: Add your own answer in the comments! True or False Congress passed the Federal Home Loan Bank Act to lower mortgage rates for home owners and...

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Are there any loan programs out there that would allow me to refinance my home at today’s present market value?

on Oct 22, 2012 in HARP Refinance | 3 comments

Some cool condominium images: Terrace Row Condominiums Image by davereid2 Terrace Row Condominiums Construction Nears Completion If you would like to see a lot more homes click right here… Apparently a New Condominium Community on the East Side of Utah Valley Image by bterrycompton Apparently a New Condominium Community on the East Side of Utah Valley. The blue color of every little thing is determined by it becoming dusk. For a lot more houses click right here… by senatorchriscoons Question by Matthew: Are there any loan programs out there that would allow me to refinance my home at today’s present market value? Hello, medications I have a question for anyone out there that may be able to shine some light on our situation. My wife and I live in Rhode Island and are in the process of expanding our family. We recently had a baby boy and will soon attempt for child number two. Everything in our lives seems to be going as planned with the exception of our current housing situation. We currently live in a two bedroom 1000 Sq. ft. condo and we are busting at the seams. It is time to start looking for a larger home but we like many owe more than the home is worth. Probably about 50K plus upside down. We both have strong income and good credit so purchasing and affording a new home is not the issue, illness it’s what to do with our current situation. I feel very stuck. Ideally I would like to rent the condo and hold onto it as a future investment, link but being so upside down makes that thought less and less appealing. And selling it would have to result in a short sale and I’m pretty positive that negatively affects your credit. So my long and winded questions are: 1.Are there any loan programs out there that would allow me to refinance my current home at today’s present market value? The reason I ask is because I vaguely heard about such a program. 2.What do you recommend about getting out of my home and into a new one without destroying my credit in the meantime? 3.Is there another option that exist that would be a good fit for my situation Thank you all for your help on this. Best answer: Answer by Common SenseNo one will allow you to refi while you’re upside down. No way. A short sale, by the way, is only one baby step above a foreclosure. It destroys credit. Just rent the damn thing. Give your answer to this question below! Are there any loan programs out there that would allow me to refinance my home at today’s present market...

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Will the new HARP guidelines allow me to refinance?

on Sep 24, 2012 in HARP Refinance | 3 comments

by marsmet526 Question by Dolan A: Is there a government refinance assistance program available? I have decent income and credit, visit web capsule but not a good home mortgage. I want to refinance but my loan is above the market’s value, viagra approved and my loan is not with Fannie Mae nor Freddie Mac. Is there any government program that will get me a loan without mortgage insurance? I checked out MakingHomeAffordable.gov, and the site says, I “don’t quality” for any of the available options. Any other suggestions? Best answer: Answer by BNICKSwww.makinghomeaffordable.gov check out the website … either option on the site refi or modification would help … i wouldn’t worry to much about having mortgage insurance … What do you think? Answer below! FHA eases burdensome condo financing rules The certification process is intended to provide the FHA, buy information pills a government-run mortgage insurance agency, with key information about a development's legal, physical and financial status. Without approval of an entire development — regardless of whether it … If you would like more informaiton please visit here… FHA Relaxes Condo Rules 13 and took effect immediately, should make it easier for large numbers of condo associations to seek certification by FHA. The certification process is intended to provide FHA, a government-run mortgage insurance agency, with key information about a … For more informaiton please visit here… Question by Dave T: Will the new HARP guidelines allow me to refinance? I am current with my payments on my FHA mortgage, and however it’s a rental property. I rent an apartment as my “primary residence”. Under the current guidelines, price I’m not able to refinance since HARP excludes FHA loans that are rental properties and not “primary residences”. With his recent State of the Union address, the President announced upcoming expansions to HARP. Has anyone heard of the details of this expansion? Will it allow someone in my situation – an FHA loan used as a rental property, to refinance? Best answer: Answer by Lisa LI hope not. These programs are intended to be used for people needing help on their primary residences not to up the income for landlords. Add your own answer in the comments! Will the new HARP guidelines allow me to...

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FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage?

on Aug 30, 2012 in FHA Information | Comments Off on FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage?

the destruction of Wamu But the majority of Washington Mutual problem loans were prime mortgages and home equity loans. Grind reports that 70% of the options ARM mortgages and 90% of the home equity loans were taken on the basis of “stated income” instead of … For more informaiton please visit here … Question by vixxen: FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage? Will I get the loan? I have about 10% down… Best answer: Answer by Jay CFirst of all, decease if you have a previous foreclosure(does not matter if it is FHA/VA/Conventional), information pills you MUST wait 3 years before you are eligible to apply for another FHA loan. This is the critera from the FHA itself. So if it has not been 3 years, I’m afraid you are not eligible for an FHA. Secondly, if it has been 3 years since the foreclosure, and if you HAVE perfect credit since, you may be APPROVED for another FHA. HOWEVER, FHA will TYPICALLY REQUIRE that any outstanding collection accounts be paid BEFORE being able to close on the loan. So whatever amount is showing on any collection(including your foreclosure), must still be paid before you can close. I wish I had better news for you but unfortunately this is the criteria for an FHA Give your answer to this question below! FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA...

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Why does our government allow FHA lenders to deny virtually all those on SSI ?

on Aug 14, 2012 in FHA Information | 2 comments

Question by Good Guy: Why does our government allow FHA lenders to deny virtually all those on SSI ? Why does our government allow FHA lenders to debt virtually all those on SSI ? Doesnt matter if you have thousand down for a down payment you still get denied. 2 minutes ago – 4 days left to answer. Additional Details You cant even get into Detroit where you pay 3 grand down and pay 20 bucks a month , medical side effects they aint leaving the poor nothing all the good stuff will be solf to the capitialist hell the poor man has nothing out here and is sometimes better dead there isnt **** our here. Best answer: Answer by Lori OFHA means the government backs the loan. However, information pills if you were to default, approved the mortgage company would still have to cover the costs for all the legal fees. Because of this, they are still pretty picky. Different lenders will have different requirements. You have 45 days from an original loan application to have others and only ding your credit once. Try applying elsewhere. Know better? Leave your own answer in the comments! Why does our government allow FHA lenders to deny virtually all those on SSI...

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