Why is my lender telling me 5% is the lowest mortgage rate available FHA?

Posted on Aug 28, 2012 in FHA Information

Question by Bill: What going on with the FHA HOPE program?
I have a FHA backed mortgage that is a subprime @9.75%. Ameracam servicing company ASC did give me a mod to set it at a fixed rate. The HOPE web site says if I am having truble paying it and it is over 31% and I an keeping up with my payments I have been 30 days late only becouse the payments are so High. What can I do. As asc says they will not ajust my rate.

Best answer:

Answer by Judy
Try anyway. I heard quite the oppposite. I heard that they won’t help you unless you are a month or two behind.
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Add your own answer in the comments!

A couple of great apartment constructing images I identified:

03j St Regis (E)

Image by Kansas Sebastian
Extended Beach Historic Monument No. 16.52.140

St. Regis Apartment Constructing, cialis 40mg 1926
1030 E Ocean Blvd, capsule Extended Beach, CA
Joseph H Roberts

Situated at 1030 East Ocean Boulevard in the city of Lengthy Beach, the St. Regis Apartment Creating is a seventy-six unit, eight-story, brick and masonry high rise structure resting on the ocean front bluff at Ocean Boulevard and Second Location. The penthouse that comprises the eighth floor is rather basic in style compared to the rich architectural elements that operate with each other to kind the overall Greek motif. An instance of such is the ionic entablature that rims the seventh floor. Element of this decoration is a large triangular pediment and boxed cornice which are both detailed with oversized dentils. Symmetrically placed above the principal entry on the sixth floor is a shallow balcony with a masonry spoke design, all supported by cement brackets. The flat columns that rise above this are capped by voluted capitals.

The St. Regis Apartment Building is architecturally substantial to Extended Beach simply because it is a uncommon example of the Greek Revival style on this huge of a scale. It also represents an example of the early high rise apartment construction along the coastal bluff.

The principal entry is special. The huge platform marble stairs rise into the recessed entry that is characterized by a semi-elliptical arch with a keystone. Flanking the entrance on both sides are round columns next to windows that have molded arch trim. Whilst the upper stories are brick with a header bond pattern, the 1st floor is constructed in cement block and is decorated with a horizontal pattern that radiates from the larger windows. The round columns that help the second story balcony/porch have large bracket variety capitals. The balcony rail is made of masonry spindle rails with huge square corner posts. The name of the constructing is boldly imprinted along the center of the balcony. The entrance off of Ocean Boulevard is similar in design, but the facade is dominated by a fire escape that traverses its way down to the Street.

With the exception of a couple of new window frames and aluminum awnings, the original exterior of the constructing is intact. The interior of the constructing has been changed. The larger alterations contain the moving of apartment walls and/or the combining of two units into one.

Beach Cities: www.beachcalifornia.com/lbhis1.html

For a lot more houses click here…

03b St Regis (E)

Image by Kansas Sebastian
Lengthy Beach Historic Monument No. 16.52.140

St. Regis Apartment Developing, 1926
1030 E Ocean Blvd, Long Beach, CA
Joseph H Roberts

Situated at 1030 East Ocean Boulevard in the city of Lengthy Beach, the St. Regis Apartment Developing is a seventy-six unit, eight-story, brick and masonry high rise structure resting on the ocean front bluff at Ocean Boulevard and Second Place. The penthouse that comprises the eighth floor is rather easy in design compared to the wealthy architectural elements that work with each other to form the overall Greek motif. An instance of such is the ionic entablature that rims the seventh floor. Part of this decoration is a huge triangular pediment and boxed cornice which are each detailed with oversized dentils. Symmetrically placed above the main entry on the sixth floor is a shallow balcony with a masonry spoke style, all supported by cement brackets. The flat columns that rise above this are capped by voluted capitals.

The St. Regis Apartment Building is architecturally substantial to Long Beach since it is a rare instance of the Greek Revival style on this significant of a scale. It also represents an example of the early high rise apartment construction along the coastal bluff.

The main entry is unique. The big platform marble stairs rise into the recessed entry that is characterized by a semi-elliptical arch with a keystone. Flanking the entrance on each sides are round columns subsequent to windows that have molded arch trim. While the upper stories are brick with a header bond pattern, the 1st floor is constructed in cement block and is decorated with a horizontal pattern that radiates from the larger windows. The round columns that help the second story balcony/porch have significant bracket sort capitals. The balcony rail is produced of masonry spindle rails with huge square corner posts. The name of the creating is boldly imprinted along the center of the balcony. The entrance off of Ocean Boulevard is equivalent in design, but the facade is dominated by a fire escape that traverses its way down to the Street.

With the exception of a handful of new window frames and aluminum awnings, the original exterior of the developing is intact. The interior of the building has been changed. The bigger modifications include the moving of apartment walls and/or the combining of two units into a single.

Beach Cities: www.beachcalifornia.com/lbhis1.html

Much more wonderful homes click right here…

03h St Regis (E)

Image by Kansas Sebastian
Lengthy Beach Historic Monument No. 16.52.140

St. Regis Apartment Developing, 1926
1030 E Ocean Blvd, Long Beach, CA
Joseph H Roberts

Situated at 1030 East Ocean Boulevard in the city of Extended Beach, the St. Regis Apartment Constructing is a seventy-six unit, eight-story, brick and masonry high rise structure resting on the ocean front bluff at Ocean Boulevard and Second Location. The penthouse that comprises the eighth floor is rather simple in style compared to the wealthy architectural components that work together to kind the general Greek motif. An example of such is the ionic entablature that rims the seventh floor. Portion of this decoration is a large triangular pediment and boxed cornice which are each detailed with oversized dentils. Symmetrically placed above the major entry on the sixth floor is a shallow balcony with a masonry spoke style, all supported by cement brackets. The flat columns that rise above this are capped by voluted capitals.

The St. Regis Apartment Developing is architecturally significant to Lengthy Beach because it is a rare instance of the Greek Revival style on this huge of a scale. It also represents an instance of the early high rise apartment construction along the coastal bluff.

The major entry is exclusive. The big platform marble stairs rise into the recessed entry that is characterized by a semi-elliptical arch with a keystone. Flanking the entrance on both sides are round columns next to windows that have molded arch trim. Although the upper stories are brick with a header bond pattern, the 1st floor is constructed in cement block and is decorated with a horizontal pattern that radiates from the larger windows. The round columns that assistance the second story balcony/porch have huge bracket sort capitals. The balcony rail is produced of masonry spindle rails with huge square corner posts. The name of the developing is boldly imprinted along the center of the balcony. The entrance off of Ocean Boulevard is related in style, but the facade is dominated by a fire escape that traverses its way down to the Street.

With the exception of a handful of new window frames and aluminum awnings, the original exterior of the constructing is intact. The interior of the creating has been changed. The bigger alterations consist of the moving of apartment walls and/or the combining of two units into 1.

Beach Cities: www.beachcalifornia.com/lbhis1.html

Much more great houses click here…
Smart Ways to Avail Mortgage Refinance Loan With Bad Credit

Article by Raksh Martin

For more informaiton please visit here…

www.richbonn.com For the last three months, viagra we have all heard a lot about HARP Mortgage Refinance Loans. A lot of people have asked me “Rich, are HARP Mortgage Refinances available in Houston, Texas? We all know that Houston was not hit as hard as many of the other markets out there during the real estate meltdown, but there are definitely some areas where the properties are under water and they can not refinance…that is, people owe more on the homes than they are worth, however, they are paying a relatively higher interest rate… somewhere about 5.5%. Many of the people who are in this situation had plenty of equity in the past, however, due to foreclosures, short sales or other factors, the values in their neighborhoods fell. These home owners were unable to refinance their homes because the value of the home was less than the debt owed. The HARP 2.0 program was released in concept last November by the Obama Administration ?but went into effect yesterday. It permits borrowers to refinance and drop their monthly payments regardless of the value of their home. If you have a ?Fannie Mae? or a ?Freddie Mac? loan, you live in ?Texas?, and you are interested in refinancing, contact me at 281.841.1723! I will assist you in determining whether HARP 2.0 is the right program for you! www.richbonn.com
Video Rating: 5 / 5

For more real estate new click here…

house
by iAudioguide

Home Equity Loans Versus Bankruptcy

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, case is expensive and complicated to file for bankruptcy. According to the website of the program manager of the United States, here are some new requirements must be met to register Bankruptcy:

• your income is subject to a two-part means test to determine whether you can apply for Chapter 7 bankruptcy or, if you file under Chapter 13.

• Before filing for bankruptcy must complete consumerCredit counseling from an agency, the Office of the U.S. administration has approved.

• spot checks and targeted checks to determine if a debtor in Chapter 7 bankruptcy documents are accurate. If they do, the prosecutor could be subject to heavy fines.

• Before paying their debts, you must take courses in personal financial management at their expense. Only after the evidence to the court that meets these requirements may obtain a declaration of cleaningtheir debts.

These are just some of the many requirements added by the new laws. If this is not enough, Chapter 7 bankruptcy stays on your credit report for 10 years. Chapter 13 is 7 years after completion of the scheme of payment is usually 3 to 7 years, which is a failure of Chapter 13 can be found on your credit report, most of Chapter 7

Instead of talking about the costs and inconvenience, not for the remaining damage to your credit card,Results, because they have a bad credit home equity loans? Bad Credit Debt Consolidation Loan can help you through your home to pay their debts, but not the collections and judgments obtained only for credit scores, but actually increased from below rate debt.

Even at rates higher than for people with good credit are bad home loan credit rate is still below the 18% + credit cards and a better rate than the rate of about 30%to pay if you miss a payment on a credit card or have your credit limit is exceeded.

This is called a universal default rate, the creditors of an increasing availability of applications. In this year, said that 45% of the banks by consumers (CA) has applied to adopt a policy of universal default – a slight increase from last year’s survey.

The refinancing of debt with a loan is the stigma is to try to get a mortgage, except for bankruptcygenerally worse than ever a loan for bad credit. Getting a home loan, you can now avoid the reduction of prices for years after the creation of a positive payment history for credit and contracting new debt. It usually takes about 2 years, which is much less than 10 years, would lead to a failure comes from credit reports.

http://www.americanequity.equitylinesite.com/2009/12/14/home-equity-loans-versus-bankruptcy/

If you would like more informaiton please visit here…

Do you have a strong credit score, plenty of equity and never missed a payment — and yet lenders keep telling you that you don’t show enough income on their tax returns to qualify? Qualified Home Loans can help! Qualified Home Loans was created for borrowers with lending problems – Our stated income loans do not require tax returns and have no income verification requirements. And the loan terms are friendly too — rates vary, however the typical rate is about 4.49% APR for a 15-year fixed-rate loan or 5.24% APR for a 5-year adjustable loan. And these loans are available for up to .5 million. Call us today at 800-781-0899 or visit our website (www.qualifiedhomeloans.com) to find out how we can help your clients qualify, because at Qualified Home Loans, we help your clients qualify!
Video Rating: 0 / 5

More great real estate info click here…

Find More Stated Income Home Equity Loan Articles
Question by tazzmainiandevils: Why is my lender telling me 5% is the lowest mortgage rate available FHA?
My bank is saying 5% is as low as it’s gone for months. Two other lenders claim throughout the day it drops to 4.85. This is FHA 30 year fixed. Who is telling the truth?

Best answer:

Answer by real estate guy
Maybe both. Every lender charges different rates. In addition, rx you didn’t say how many points you are paying or what the APR is for each lender. One lender may have a lower rate (in this case only 1/8%), more about but charge higher fees. This is why you have the APR rate to compare.

In addition, you may have credit issues that bumped the rate, and the “other” lender doesn’t know this.

Add your own answer in the comments!

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