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rates: Bankruptcy Chapter 13 Refinance FHA Buyout Mortgage - 08/17/08 08:56 PM
About 2 million families in the United States have filed for bankruptcy between 2002 and 2003. If you have recently filed for Chapter 13 bankruptcy in the previous 12 months, you are probably having difficulties getting credit approval, especially for a Bankruptcy home loan. You may find a lender that will work with you but the mortgage rate will be a lot higher than the average mortgage rates.A Chapter 7 bankruptcy status stays on your credit bureau file for ten years following the date that you are declared insolvent, and 7 years for a Chapter 13 Bankruptcy. While many mortgage lenders do not permit applicants with negative credit
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rates: FHA Home Mortgage Loans - 07/04/08 10:15 PM
What is the Federal Housing Administration? The Federal Housing Administration, also known as "FHA", provides insurance on home loans made by approved FHA lenders throughout the United States. FHA insures home loans on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of home loans in the world, insuring over 34 million properties since it began in 1934. Section 203b FHA mortgage program is the most frequently used. You may use this FHA loan program to purchase a new or existing one-to-four family residences, including manufactured homes, in both rural and urban areas. A section 203b FHA fixed mortgage loan may be
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Lauren Kramer
Charlotte,
NC
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