How low can mortgage rates go? A few short years ago, borrowers who were able to refinance in the mid to low 5% range thought they would never have to refinance again. Little did anyone realize during the housing boom years that the subsequent crash in housing prices would result in mortgage rates lower than […]
FHA Fixed Mortgage Rate Of 2.75% Possible By Year End
July 19, 2012 Filed Under: FHA loan, FHA mortgage, FHA refinance
The First Step When Facing FHA Mortgage Foreclosure Is To Find Out What Your Options Are
June 7, 2012 Filed Under: FHA loan, FHA mortgage, Mortgage Default
Not since the Great Depression have so many American homeowners faced hard economic times. High unemployment, a very slow economy and lack of income growth have resulted in millions of homeowners facing foreclosure. The crash in real estate values since 2008 has resulted in negative equity for millions of FHA borrowers which makes refinancing or […]
FHA Purchasers Immediately Have Negative Equity – The Buying Dilemma
May 15, 2012 Filed Under: Benefits of FHA Mortgage, FHA Down Payment Requirements, FHA loan, FHA mortgage, FHA Mortgage Insurance, FHA property
Most first time home buyers who have done their homework know that there are both benefits and disadvantages associated with FHA mortgage financing. Real estate agents and the mortgage industry will typically stress the benefits of a low down payment requirement and flexible underwriting standards with FHA financing. However, there are also disadvantages associated with […]
Do FHA Low Down Payment Loans Make Financial Sense?
April 14, 2012 Filed Under: Benefits of FHA Mortgage, FHA Down Payment Requirements, FHA loan, FHA mortgage
Home ownership rightfully remains the goal of many Americans and a plethora of government loan programs run by agencies such as the FHA, VA and USDA all provide mortgage programs with little or no down payment requirements. Before buying that dream home, however, a borrower should analyze whether or not it makes financial sense to […]
FHA’s 75% Increase In Mortgage Insurance Premiums May Hurt Housing Sales
April 13, 2012 Filed Under: FHA Eligibility Requirements, FHA loan, FHA mortgage, FHA Mortgage Basics, FHA Mortgage Insurance
After the implosion of Fannie Mae and Freddie Mac in 2008, the FHA was seen as the savior of the housing industry. Liberal underwriting guidelines combined with a low down payment requirement made FHA financing the preferred choice for many home buyers. As a result, the FHA’s share of total mortgage lending soared to almost […]