Mortgage Options

FHA Loans Become Less Appealing Following New Mortgage Rules

FHA Loans Become Less Appealing Following New Mortgage Rules

By E Singer   FHA loans were once the most popular loan option for buyers with less than perfect credit scores and who didn’t have a lot of money to put forward as a down payment for their loan. In today’s market, much of the incentive to get a FHA loan has started to disappear. […]

Advantages of USDA Home Loans

Advantages of USDA Home Loans

  While the USDA Rural Development Department offers a direct mortgage loan, they also offer a guaranteed loan, backed by the U.S. government, similar to FHA or VA loans. Originally designed to help rural Americans realize the dream of homeownership, these mortgages can also be used to finance a wide array of properties from single-family […]

How Do I Know I Need an FHA 203k loan?

How Do I Know I Need an FHA 203k loan?

By.Michele Lerner   QUESTION: I am a first-time home buyer preapproved for an FHA loan. I’m looking at a short-sale property, and upon the initial viewing, my REALTOR@ suggested that the roof may or may not need work and I would need to be preapproved for a 203k loan before the process could continue. How do I […]

How You Could Profit From The Next Subprime Loan Crisis

How You Could Profit From The Next Subprime Loan Crisis

By David Goodboy StreetAuthority   We all remember the subprime mortgage crisis. The financial system was thrown into chaos, and many homeowners lost their overleveraged homes during these dark days. Fortunately, the vast powers of the Federal Reserve were summoned to help stabilize the housing market, and along with it, the entire economy. The Fed worked […]

HARP 2.0 refinance: What you need to know

HARP 2.0 refinance: What you need to know

By Polyana da Costa • Bankrate.com   Highlights HARP 2.0 allows refis on mortgages, no matter how far underwater they are. Among the requirements: You must have a good recent payment history. Having a second mortgage shouldn’t be as much of an obstacle. The wait is over for homeowners who want to refinance but owe more on […]

Is an FHA Loan Right for You?

Is an FHA Loan Right for You?

AUTHOR:RICK GRANT   Since the Great Depression of the 1930s, the U.S. government’s Federal Housing Administration (FHA) has provided a form of mortgage insurance to back loans made to Americans who would not otherwise qualify for a home loan. Over the years, FHA-insured loans have allowed consumers all across the country to become homeowners. The […]

7 crucial facts about FHA loans

7 crucial facts about FHA loans

By Marcie Geffner • Bankrate.com   What is an FHA loan? In the wake of the housing bubble’s collapse, FHA loans have taken on renewed importance for today’s mortgage borrowers. Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay […]

2013 … So Far So Good for the USDA Single-Family Loan Program

2013 … So Far So Good for the USDA Single-Family Loan Program

  By.Rich Obermeier The year 2013 has been good thus far for the USDA single-family program in adding additional scope to the refinance program, clarification to underwriting criteria and an eligibility deadline extension. Effective in February, the USDA added 16 new states to their Rural Refinance Pilot Program. Individuals with existing USDA-insured home loans located […]

Is an FHA Loan Worth it When Buying a House?

Is an FHA Loan Worth it When Buying a House?

By Polyana da Costa   The most popular type of mortgage for buyers with low down payments keeps getting pricier and less appealing as more buyers question whether it’s still worth getting an FHA loan. Compare Mortgage Rates in Your Area The mortgage insurance premium on loans backed by the Federal Housing Administration has nearly tripled since 2008. […]

Investors still see relative value in subprime mortgage bonds

Investors still see relative value in subprime mortgage bonds

By.Jacob Gaffney   Describing a conference in two words is becoming a bit of a thing. Yesterday, I described the feeling at the ABS East 2013 conference, held earlier this week in Miami, as one of subdued complicity. Analysts at Barclays (BCS) say it is more like “cautiously optimistic,” in an email titled, “Notes from ABS East 2013.” […]

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