fha: Reverse Mortgages - Could it be the new sub-prime for those over 62? - 09/24/08 10:18 AM
Over the past several years, I have focused on refinancing individuals out of Chapter 13 bankruptcies.  There were two basic options: those clients with a perfect mortgage and trustee payment history, and those that weren't perfect.  For those that performed while in the Chapter 13, FHA was the answer.  You could put them straight into a 30 year fixed with a low rate without any difficulty.  For those without a good history, there were several sub-prime packages that made it a two step process.  Refinance out of the Chapter 13 using a sub-prime product, wait 12 months, and with a good mortgage … (1 comments)

Stephen Weakley (Nationwide Mortgage Services)

Stephen Weakley

Rockville, MD

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Nationwide Mortgage Services

Address: 1355 Piccard Drive, Suite 320, Rockville, MD, 20850

Office: (240) 364-9610

Mobile: (301) 514-3143

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