Arizona FHA and USDA Rural Development Home Loans Blog

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FHA Secure Short Refinance Options When You Are Upside Down On Your House - 09/22/08 10:15 AM

When you owe more than your home is worth and you need an FHA Secure Short Refinance, there are typically three outcomes. Your FHA Secure Short Refinance options will depend upon the negotiations with your current mortgage lender.
Short Refinance Write Down - This is the option of preference. The existing … (5 comments)

Is A Fed Bailout Of Bad Mortgages On The Way? - 09/19/08 09:06 AM

It looks like the Feds are in the process of creating a company to buy unwanted assets of financial institutions. The Feds have done this before; back in the 1930s they created the Home Owners Loan Corp to issue bonds to refinance people and the Resolution Trust Corp to sell off … (7 comments)

The Short Refinance REQUIRES A Budget Worksheet - 09/17/08 10:12 AM

I've been getting a lot of calls about how to do a Short Refinance. One of the most important things a homeowner must do in order to increase the odds of success for a Short Refinance is to complete a monthly budget worksheet.
The montly budget worksheet will be provided to … (3 comments)

The Feds Seize Fanny and Freddie - whats that mean for Arizona? - 09/10/08 01:16 PM

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