Ar_home_b_search
 



fha mortgage: FHA Mortgage Co-brokering: Watch Out! - 10/30/07 07:27 PM
One of the most frequent solicitations being received by mortgage brokers these days is an offer from FHA approved lenders for the non-FHA approved mortgage broker to be paid "up to 3 points" for referring an FHA loan to the lender. There IS a provision for non-approved mortgage brokers to be paid, but these ridiculous plans for mortgage brokers to be paid exorbitant fees will be cracked down on. Here's an announcement from HUD on this issue which was sent out this afternoon (10/30/2007):
"All-
THE SUBJECT MESSAGE IS APPLICABLE ON FORWARD MORTGAGES ONLY
POLICY ALERT – RESPA/FHA EXISTING POLICY REGARDING … (4 comments)

fha mortgage: Manufactured Home Refinance With FHA Loans Part 2 - 10/23/07 03:54 AM
In part 1, we noted that many manufactured homes are purchased with loans which have terms that make refinancing an absolute necessity. Owner financing or bank financing with high rates and/or balloon notes need to be refinanced as quickly as possible.
Let's now explore the qualification and processing requirements for using an FHA insured loan to refinance a manufactured home. Most of these items should be handled by your mortgage professional, however it is useful for you to be aware of the guidelines yourself.
The first step is to determine whether the home was built after 1976 according to HUD Code. … (11 comments)

 
30484_1118766985527_1717597777_213494_798318_n3

Carl Pruitt - http://FHALoanAdvice.com

Buford, GA

More about me…

FHA Loan Advice

Office Phone: (678) 245-4744

Email Me

Information and updates about FHA mortgage programs


Links

Archives

RSS 2.0 Feed for this blog

Find GA real estate agents and Buford real estate on ActiveRain.