Real estate blog entries tagged with negative equity by David Mordue - Wells Fargo - Kennewick (509) 736-2618 (Wells Fargo Home Mortgage

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Home : Blogs : David Mordue - Wells Fargo - Kennewick (509) 736-2618 : David's Blog : Tag "negative equity"

negative equity: APPROVED - New FHA SECURE Mortage for Borrowers with Negative Equity - 09/10/07 11:48 PM

The Federal Housing Administration recently passed legislation approving a new program known as the "FHASecure" loan. This program is designed to refinance consumers who have fallen behind on Subprime ARM loans due to recent adjustments in the rate. The "Fhasecure" loan will help consumers with negative equity, or who cannot meet the payments when their ARM loan adjusts. Expect to see the program available later this year.
At a glance, the FHASecure loan program will finance borrowers up to a 97.75% Loan to value. Up to 6 months past due mortgage payments may be included in the loan amount if the borrower qualifies.
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David Mordue - Wells Fargo - Kennewick (509) 736-2618

Kennewick, WA

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