New Government Refinance Assistance Programs Announced?
Question by Brian: anyone know a lender that does a SIVA program with a 660 fico? Best answer: Answer by Carolinahomerates.comtry gateway…you need 2yrs in same line of employment Give your answer to this question below! Question by Ms Penny Lane is In My Tree: How long do you have to wait before you can sell a home that you purchased with a FHA loan? My husband and I recently purchased a home with an FHA loan. Although we enjoy the home, recipe it is not exactly what we were expecting, here we probably rushed into the decison a little faster than we should have. We are wanting to sell the home and go with our original plan. Is their a waiting period between buying and selling a home that you bought with a fha loan? Best answer: Answer by Biggie @ Arbor MortgageThere is no waiting period. There is no prepayment penalty if that is what you were thinking. I don’t know how long you have been in the home, check but it may be a little early trying to sell if you just purchased it no too long ago. Good luck trying to sell! Give your answer to this question below! Check out these big house photos: The Massive House Image by pdbreen Cohasset, more about MA July 2009 Copyright 2009 Patrick Breen Canon EOS 5D Mark II/EF16-35mm f/2.8L II USM @ 16 mm 1/60 sec at f/11, ISO one hundred, EV, Aperture priority, no flash Far more fantastic homes click right here… Some cool apartment creating photos: Max Mehl Building, pill Magnolia and Henderson, Ft. Worth Image by StevenM_61 This South Side apartment developing with a storefront was recently restored. For far more homes click right here… Apartment Developing Image by rjackb An apartment developing behind my apartment. For more homes click here… Apartment Building Image by rjackb An apartment developing behind my apartment. A lot more great houses click here… Why FHA streamline refinancing is over The mortgage insurance premiums paid in accordance with FHA Mortgage Financing have nearly doubled in the last year and a half, visit web eroding the savings otherwise incurred by the reduction in the rate. Put another way, there the Federal Housing Administration's … For more informaiton please visit here… Mortgage Rates: Low Mortgage Rates Holding On as Housing Stats Lead the Way Borrowers may be concerned because FHA closing costs (APR) are high due to various FHA fees and the upfront mortgage insurance premium, but FHA allows these costs to be added to the loan amount, in most cases, or paid through seller concessions. If you would like more informaiton please visit here… Mortgage Rates: Low Mortgage Rates Remain Stable As Builder Confidence … While FHA closing costs (APR) are higher than conforming mortgages because of the upfront mortgage insurance premium and other FHA fees, FHA allows these expenses to be added to the loan amount or to be paid through seller concessions. In order to … For more informaiton please visit here… Question by romanccmg: New Government Refinance Assistance Programs Announced? http://www.governmentrefinanceassistance.com/ I recently applied for the government assistance program. I meet all the qualifications listed in this bill. However, check Chase is now telling me i make to much money to qualify for the assistance. However, check if you read the bill it does not indicate the amount of money generated in a household. Is this a stipulation that chase is throwing in and using this as a loop hole? What recourse does one have if they don’t follow the qualifications for the program? Best answer: Give...
Read MoreFHA/Ameridream assistance?
Question by DearAbby: Who is at fault for the Subprime Mortgage Crisis? I’ve heard opinions that the subprime mortgage crisis is the result of predatory lending, buy more about prostate uneducated borrowers, over-valued homes, and a lack of government regulation. What do you think is the main cause? Are there other causes than the ones I mentioned? How do we avoid this situation in the future? It sounds like there are a lot of groups to blame, but how do we keep this sort of crisis from recurring? Best answer: Answer by Greg SBasically it is the fault of people loaning money to people that were high risk. And people that couldn’t afford loans taking them anyway. In both cases the root cause is greed. Add your own answer in the comments! Question by Fantasy Dominator: FHA/Ameridream assistance? Whats the good & bad for these programs? My Husband and I have less then perfect credit so I heard that we should think about these 2 options…opinions? We are in the market for a foreclosed home (As MI tops the list)…for example we seen 1 home that would usually sell for $ 148, sildenafil 000 for $ 72, check 000)–Insane but true. Best answer: Answer by Miss VThe first person to determine if you qualify for FHA would be a mortgage lender. FHA’s minimum downpayment may be 3% of the loan which can be added to the loan if you don’t have the cash. Ameridream seems to be a ‘gift’ program that will assist with downpayment assistance however, as with most gift programs, the cost is added to the loan. Know better? Leave your own answer in the...
Read MoreIs there a government refinance assistance program available?
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...
Read MoreCan someone tell me the difference between HUD assistance and FHA?
Mortgage Price: Low Mortgage prices continue Ahead of Home Price Data The complete loan file must be in a position to buy a mortgage approval for a house and to support traditional mortgage refinance. HARP provides underwater borrowers the opportunity to refinance without the need for testing or other documentation. It is … more informaiton please visit here … Question by Crazyhorse: Can someone tell me the difference between HUD assistance and FHA? I’ve heard people say that they are getting HUD assistance to help pay towards their mortgage, page but they cannot exceed a certain household income. This is not what I want, hospital I do not want to be restricted on how much money I make. I will be a first time home-buyer so I am looking for a program that will help me because my credit is not too great. Is the FHA program through HUD is what I need? Thanks! Best answer: Answer by francescmoreHUD stands for Housing and Urban Development and is generally for people who are low income. HUD generally builds homes in low income neighborhoods to help the economic development of that neighborhood.The homes are built with minimal amenities and the mortgage is low as well as the interest rate FHA stands for Federal Housing Authority. This is a loan for the purchase of an existing home. FHA is the best way to go when purchasing 1st time, but they are very strict with the property you want to purchase. The home must be inspected and any deficiencies must be repaired before loan is approved. FHA loans will generally let you borrow more money against the value of the property, but unless you have at least 20% equity left in the home, you will probably have to pay PMI, mortgage insurance. A conventional loan is basically a bank loan, they are more difficult to obtain, but can have great interest rates. With this type of loan you will not be able to borrow more than a certain percentage of the value, I think it is 85%. Either way you go, it is a long process and this economy is making it very hard to get loans no matter what your credit score. Know better? Leave your own answer in the...
Read MoreHow can I pay off my down payment assistance when I refinance my home? With a simple interest loan perhaps?
by marsmet526 Question by hotguyfromrincon: How can I pay off my down payment assistance when I refinance my home? With a simple interest loan perhaps? I have an FHA loan at 6.5% I obtained down payment assistance from Cal HFA for $ 8200 which doesn’t need to be paid back until I sell or refinance the house. Looking to do an FHA streamline refinance but don’t think my down payment assistance of $ 8200 can be subordinated onto new loan. Best answer: Answer by PojoWhy not call and ask your lender what is and is not possible on YOUR particular loan? Good luck What do you think? Answer...
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