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 mortgage lender.
Short Refinance Write Down – This is the option of [...]
Tags:FHA·fha refi·FHA Secure·Mortgage·Short Refi·Short Refinance
It is truly amazing right now the number of homeowners who are upside down on their mortgages and could benefit from a Short Refinance, if only they knew it existed. It isn’t unusual for me to get a call from a homeowner who owes $30,000 to well over $100,000 more than what their property [...]
Tags:Budget·Documents·FHA Refinance·Short Refi·Short Refinance
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 [...]
Tags:fha refi·FHA Refinance·FHA Secure·Short Refi·Short Refinance
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 [...]
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 Home Loans under specific circumstances to help and be “a good safeguard against foreclosure.”
Back [...]
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 [...]
Tags:FHA Short Refi·Foreclosure·H4H·Hope For Homeowners·Short Refi·Short Refinance