Author: admin
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Consumer Mortgage Guide
How to qualify and shop for a mortgage loan in today’s market Here are some sample documents you can download figures are based on a home loan to purchase a home for $150,000 using a standard FHA 203b mortgage with 3.5% down. Sample GFE TIL 150K FHA purchase(Letter) Many professionals with good stable income,…
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Who Owns My Home Mortgage Loan?
Fannie Mae? Freddie Mac? Is my loan held privately or owned by my bank in their portfolio loan program? What about FHA? Most of the mortgage accounts funded prior to 2009 are going to be either FHA, Fannie Mae, or Freddie Mac backed / owned. Servicing lenders manage your account and may have an ownership…
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Streamline Refinances
Streamlined refinances are a powerful weapon for borrowers looking to lower mortgage payments. They can be used for underwater borrowers since no appraisal is needed when the borrower can pay closing costs out-of-pocket. The best programs out there are the FHA Streamline refinance, the USDA streamline refinance program and VA IRRL home loan refinance program.…
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HARP Underwater Refinance & Closing Case Studies
Underwater Mortgages Updates to the HARP Refinance Program 1.8 million homeowners now eligible Refinance any Fannie Mae or Freddie Mac backed mortgage Loan No Appraisal Required any LTV with HARP 2.0 Even if you owe 2x the property value if the loan is paid up to date we can refinance it. Huge rate and fee discounts…
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540 Credit Score Mortgage
Update a 560 middle credit score is now required please check out our credit guide to learn how to improve your score and qualify for FHA. So what’s the catch? OK well there is just one catch you’ll need a 10% down payment and some closing cost money OR the seller can pay closing costs.…