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 Short Refinance. The only way to
refinance the home for any [...]
SHORT REFINANCE FHA SECURE, HOW TO GET THE BANK TO DISCOUNT YOUR MORTGAGE
In Arizona we have been seeing record numbers of foreclosures, record numbers of bank repos and record numbers of short sales. Homeowners are faced with rising mortgage payments when their once low adjustable rate mortgages reset and climb. A short sale has been [...]
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 Credit Mortgage?
No – I help homeowners all the time fit into the FHA Secure [...]
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 prospect of foreclosure to do an FHA Short Refinance and keep their home, even [...]
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 half a million homeowners who are “in the right home but the [...]
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 sales have slowed and in many parts of Arizona we are [...]
