Personal Lending

WHAT IS FHA Secure FHA Secure is designed specifically to address the needs of homeowners who are now facing inevitable foreclosure as result of mortgage payments adjusting beyond their means of affordability. WHO IS ELIGIBLE To qualify for FHA Secure, and include the delinquent loan payments, homeowners wishing to refinance must meet the following requirements: [...]

If the borrower has committed to staying in the property and fighting through the difficult period of pending foreclosure many lenders and their servicing agent are offering possible solutions. Early on, with mortgage lates, borrowers are being contacted with possible workout solutions to get caught up on their payments. However, many mortgage products with accelerating [...]

If you’ve gone through any part of the pre-foreclosure process, had a lis pendens filed against you (a notice of default – you promised to pay a mortgage, and secured that promise with the deed to the house you mortgaged), or have been harassed by the bank as their interest rates reset on your home [...]

Yes, even the IRS appears to have a heart! Did you know that you can actually be taxed on the foreclosed sale of your house? Evading tax is another good reason to try and stave off the foreclosure of your home. If you are trying to avoid foreclosure, many realtors know solutions to house buying [...]

1. The FHA Modernization Act of 2007 was recently passed today by the Senate authorizes lenders to help borrowers who are in default. a. lower down payments b. Allow FHA to insure bigger loans 3. Allow FHA more pricing flexibility Increased loan limits would also help people living in high-cost areas; current FHA limits make [...]

FHA loan programs: FHA Access FHA Cal Gold FHA Rural Gold FHA Mutal Mtg. Insurance FHA 203 (k) FHA 203 b FHA 251 FHA Title I program FHA MIP Refund The Federal housing administration was created by Congress in 1934 as part of the national housing act. The purpose of the act, and of the [...]

The “Sub Prime Mortgage Crisis” has claimed many victims. Subprime adjustable-rate mortgages represented just 7% of all loans, but made up 43% of loans entering the foreclosure process in the third quarter. High powered investors who bought into Structured Investment Vehicles (SIVs) that were backed by high interest mortgage loans could be forced to take [...]

If your adjustable rate has pushed your mortgage payment to unaffordable levels, you may have some relief. In response to the crisis of people facing default on their home mortgages because their adjustable rate mortgages are no longer affordable, the Federal Housing Administration is coming out with the FHA Secure Refinance Program. The new FHA [...]

As many as 2.5 million families will lose their homes in 2007 due to foreclosure. The White House and congress are working toward legislation that would enable homeowners facing foreclosure to refinance their mortgages. However, if you think you may be in danger of losing your home, should you wait for relief to crawl through [...]

A loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Lenders are willing to negotiate when borrowers are facing financial difficulties and can’t obtain other financing alternatives. You must show the lender why it would be in the lender’s best interest to agree to [...]