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fha loan mortgages: FHA Loans vs Conventional Loans - A Rude Reality Check - A Comparison with 20% down - 04/03/09 02:54 PM
Important Point to remember -
Never assume that conventional mortgages are cheaper than FHA mortgages if you are putting 20% down, just because you have no mortgage insurance.
I just received a referral from Katerina Gasset the other day who wants all buyers to be approved on her bank owned properties by someone that she trusts, even if that borrower is going to use their choice of lender. The borrower must have told me that she wanted the best rate 3 times. This was up most on her mind and I don't think she heard anything else that I … (26 comments)
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fha loan mortgages: FHA loans vs Conventional loans - A true numbers comparision with 5% down - 12/20/08 09:51 PM
FHA loans have been the main source of financing in the last 6 months. What I hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage and the real estate industries. The realization has been that 30% of the subprime mortgages in the last 5 years previous to the last 2 years should have been FHA mortgages, not subprime. And that is a hard core fact.
The subprime loan for many years could go … (31 comments)
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fha loan mortgages: FHA loans vs Conventional loans - A real comparision with 5% down - 11/15/08 08:11 PM
FHA loans have been more wisely used in recent months as the choice of mortgages. What I hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage and the real estate industries. The realization has been that 30% of the subprime mortgages in the last 5 years previous to the last 2 years should have been FHA mortgages, not subprime.
The subprime loan for many years could go down to a 500 credit score, depending … (68 comments)
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fha loan mortgages: FHA loans vs Conventional loans -- Numbers don't lie - A 5% down comparison - 09/20/08 09:20 PM
FHA loans have been used 30% more as the choice of mortgages as of lately in many parts of the country. What I hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage industry and the real estate industry. The realization has been that 30% of the subprime mortgages in the last 5 years previous to the last 1 1/2 years should have been FHA mortgages, not subprime.
The subprime loan for many years could … (27 comments)
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fha loan mortgages: FHA loans vs Conventional loans - Knowing the true numbers.... - 06/01/08 05:03 PM
FHA loans have been the choice of mortgages as of lately in many parts of the country for numerous reasons. What I do hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imagination. This statement is from those that are inexperienced in both the mortgage industry and the real estate industry.
The subprime loan for many years could go down to a 500 credit score, as long as you had more money down. But your rate was usually higher. The better your score, the less you needed … (8 comments)
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fha loan mortgages: FHA loans vs conventional loans -- The true story told by numbers.... - 04/28/08 09:42 AM
FHA loans are not the next subprime loans. Don't let anyone else fool you on this. FHA has been around since 1934 and subprime mortgages started to emerge in 1994. Subprime loans in many cases were good for those lenders that weren't FHA approved. The problem with that is the rates on subprime mortgages were typically 2% higher than FHA mortgages.
Lastly, just because someone said that they can qualify you for a conventional loan and that it would be cheaper than a FHA mortgage, might not always be correct. In many cases, FHA loans are now cheaper than conventional … (14 comments)
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fha loan mortgages: FHA Streamlines - FHA Loans make it an easy process to refinance - 04/28/08 12:04 AM
I decided to venture out in the blogoshpere today to see what some other lenders are writing about FHA Streamlines. As I have stated, you can't believe everything that you read, even if it sounds true.
In this post, I want to highlight some of the misleading facts that I read and to share with you what is actually right.
FHA loans have been around since 1934 and FHA streamlines been around since the 1980's. It is basically for those borrowers that currently have a FHA mortgage. FHA's sole purpose is to streamline the process, making it … (6 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
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Social Media - Infinity Home Mortgage Company, Inc
Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
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