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liquidity crisis: FHA mortgages vs Conventional mortgages.... which is better? - 03/29/08 01:16 PM
I know some loan officers will debate that conventional mortgages can be better than FHA mortgages, but I always thought that real numbers always outweighed opinion. Aren't real facts correct over opinion? As long as these figures are accurate, right?
Yes, conventional mortgages are better if you have a credit score over 679 and if you have 15% down or more or 85% or less equity in your property. And we can get into more details, in regards to declining markets, monthly mortgage insurance, etc, etc. But let me just show you the basics and you can be … (22 comments)
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liquidity crisis: FHA mortgages vs Conventional mortgages - A True 3% down Comparison - 02/06/08 08:00 PM
FHA mortgages, in my opinion, are still one of the best mortgage options out there, as long as your credit score is above 500 and that you can prove your income.
This is a continued series showing you that in many cases, FHA mortgages might be your best solution when purchasing or refinancing your mortgage. Many lenders are still not FHA approved, which means that they might not have your best interest at hand, even though they are giving you their best mortgage program. But is it the best mortgage program for you?
As explained in previous blogs of … (14 comments)
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liquidity crisis: FHA mortgages vs Conventional mortgages - A True Comparison - 01/28/08 12:30 PM
The mortgage industry is changing right in front of us, basically on a monthly basis now. Which is why you need the advice of a mortgage professional and not an order taker. The word conventional mortgage doesn't mean that great rate or wholesome loan, that it did just several months ago. Don't be fooled by your typical loan officer or lender telling you otherwise. In many cases, your rate could be much higher on a conventional mortgage than on a FHA mortgage. To get a better understanding why this might be possible, please read FHA mortgages are better … (16 comments)
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liquidity crisis: Will Conventional loans be just like the Subprime mess? - 12/08/07 12:23 PM
The world is crashing all around us and were can we turn for help. No, that is not a picture of hell shooting arrows. But things are getting worse in the mortgage industry. Brian Brady wrote, Time Is Running Out For Some Borrowers. Brian talks about some of the major changes in regards to conventional mortgages. But before you could sneeze, many of the major lenders have made these changes already. Rey Gallegos talks about the exact changes, I blame you for the mess we are in..., and how it will affect even borrowers with good credit. There was a time … (60 comments)
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liquidity crisis: Shop Shop, tisk tisk, oh what a relief it is? -- Mortgage shopping -- Part 1 of 2 - 08/21/07 08:30 PM
Just as easy it is for buildings to fall from demolition or that of a category 4 or 5 hurricane, so are mortgage companies falling by the waste side. Just two more large lenders closed their doors in the last two days, GreenPoint Mortgage of 20 years and First National Bank of Arizona. This makes for 130 lenders to close their doors since the end of 2006.
There is a company called the Mortgage Lender that runs a web site called the implode meter. This site uses their expertise in the mortgage industry, their knowledge, and lots of research in regards to … (12 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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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
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