WHAT IS AN FHA SHORT REFINANCE? An FHA Short Refinance is when a home owner refinances a loan where they owe more on their mortgage than their current mortgage is worth. FHA Short Refinance applicants are upside down on their equity, and so they need an FHA Sh...
With the FHA Secure Short Refinance, when you owe more than your home is worth, there are typically three outcomes. Which option you are presented with in the outcome of your FHA Secure Short Refinance will depend upon the negotiations with your current mortga...
Is FHA Secure a Bad Credit Mortgage? Is it the Foreclosure Refinance? These are two very popular questions I’ve been getting about the FHA Secure Short Refinance Loan so let’s look at these mortgage questions one at a time. Is FHA Secure a Bad Cred...
Last week the Housing Rescue Bill passed Congress and that is great news for households facing the possibility of foreclosure. This bill would allocate an additional $300 Billion for FHA Short Refinance Loans (FHASecure) allowing home owners faced with the pro...
Since September 2007 the FHA Secure mortgage loan, also known as the Short Refinance, has now helped just over 200,000 homeowners refinance their mortgages and avoid foreclosure. At this current pace the FHASecure mortgage loan is on pace to help more than hal...
Bush Administration Plans To Help Homeowners Stay In Their Homes And Avoid Foreclosure The Bush Administration has created a plan to help familes stay in their homes and avoid foreclosure. The plan allows the FHA (Federal Housing Administration) to provide FHA...
Is Your Mortgage Loan Keeping You Up At Night? Do you need help with your mortgage Loan? Are you concerned that there are hurdles keeping you from refinancing or that you may be faced with foreclosure? It’s The ARMS That Have It Reality is that home sale...
