fha: 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)
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fha: USDA Rural Development Government Loan Saves Buyers TONS Of Cash! - 08/18/08 02:15 PM
The USDA Rural Development Guarenteed Loan is quickly establishing itself as the most cost effective Rural Housing Loan anybody could use.
Our Rural Housing Loan will save your buyers a truck load of cash and help them keep their money in their bank account after closing!
Here's a comparison of an FHA Government … (3 comments)
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fha: Short Refinance With FHA Secure And Maintain A Good Mortgage Credit Rating - 08/16/08 11:47 AM
The Short Refinance with FHA Secure is quickly becoming one of the most popular credit mortgage loan programs available. In Arizona Real Estatewe are seeing home values fall and Adjustable Rate Mortgages climb. The current recipe for Real Estate Disaster, and why there are so many REO properties on any Arizona … (0 comments)
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fha: FHA Short Refinance Gets A Boost From The Housing Rescue Bill - 07/28/08 11:07 AM
The Housing Rescue Bill just passed Congress and that is fantastic news for households facing the prospect of losing a home to foreclosure. An additional $300 Billion will be allocated for FHA Short Refinance Loans (FHASecure) allowing home owners faced with the prospect of foreclosure to do an FHA Short Refinance and keep their … (2 comments)
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fha: FHA Loan Impact From The Housing Bill That Just Passed Yesterday! - 07/24/08 10:42 AM
The House passed the Housing Bill yesterday with the primary goal of providing a safety net to GSEs Fannie Mae and Freddie Mac and will have an impact on the FHA Loan.
However there are some other important bits to the housing bill.
It will allow The FHA to guarantee up to … (9 comments)
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fha: How Much Can I Borrow With A USDA Rural Home Loan? - 07/17/08 01:50 PM
I am often asked "Paul, how much can I borrow with a USDA Rural Home Loan here in Arizona?"
The answer for home buyers is "It Depends".
For a USDA Rural Home Loanit depends on your repayment ability and the appraised value of the home you are buying. We'll look at the … (3 comments)
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fha: How To Buy A HUD Repo Home With FHA Mortgage Loan Financing - 07/16/08 12:28 PM
Everyone wants a great deal on buying their next peice of Real Estate and buying a HUD Repo Home and a very special FHA HUD REPO Home Loan, could be your path to finding just that... a GREAT deal in Arizona Real Estate.
What Exactly Is A HUD Repo Home and … (3 comments)
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fha: How Much Down Payment Do I Need To Buy Rural Real Estate? - 07/16/08 11:44 AM
One of the best things about the UDSA Rural Real Estate Loan is that it allows people with low to moderate income to qualify to buy real estate in a rural designated area for zero down payment.
Nothing Down...
No money out of pocket at all to get a USDA Rural … (0 comments)
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fha: So What Exactly Is An FHA Secure Short Refinance? - 07/11/08 09:53 AM
Hi I'm Paul Dunn, Tucson's #1 FHA Mortgage Loan Originator and I am constantly getting the question "What is an FHA Secure short refinance". A Short Refinance is a transaction where the current lender forgives debt in order to complete the transaction.
Here's a real life example: (very simplified)
Let's say you … (4 comments)
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fha: FHA Mortgage Loans Get Updated Mortgage Insurance Premiums - 07/10/08 03:00 PM
This just in... FHA Mortgage Insurance Premiums are going to CHANGE effective July 14, 2008. The change is designed to shift the burden of the FHA Mortgage Insurance costs to the higher risk borrowers. Basically, borrower characteristics showing the highest instance of default will pay higher premiums and vice-versa.
FHA Mortgage … (0 comments)
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fha: Short Refinance Is A Viable Option For Arizona Homeowners Looking At Foreclosure - 07/10/08 10:37 AM
The first thing I did this morning was read FoxNews and ran across this article that stated US Home Foreclosures Jump 53% In June. Being an FHA Mortgage Loan Originator in Tucson Arizona I was curious what the numbers looked like for Arizona. The reason I am writing this post is to … (0 comments)
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fha: How To Buy Bank Owned REPO Real Estate - 06/30/08 06:50 PM
The Bank Owned REPO Real Estate market continues to grow. Many of my clients have had questions about how to buy Bank Owned property and how to Finance Bank Owned Real Estate in Tucson with FHA Mortgage Loans. So I made a video...and in the video show them the 5 ways … (3 comments)
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fha: FHA Mortgage Loans are HOT - But Rural Home Loans Are Realtor Gold - 05/29/08 02:11 AM
You know me, I'm Tucson's #1 FHA mortgage loan guy and I'll usually blog about some great news coming out of HUD or talk about the recent changes to the FHA Secure short refinance.
But the hotest loan out there that is creating transactions for Realtors and helping Real Estate Agents … (5 comments)
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fha: FHASecure short sale refinance helps 200,000 families get out of bad loans - 05/22/08 09:19 AM
The FHA Secure mortgage loan, sometimes called the FHASecure Short Sale Refinance, has just helped it's 200,000th homeowner get out of a bad mortgage loan.
The popularity of FHA loans and the FHA Secure mortgage loan is really picking up steam as during the first six months of the program HUD … (2 comments)
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fha: FHA Mortgage Loans for the First Time Home Buyer - Paul Dunn Tucson's FHA - 05/07/08 12:05 PM
It's very interesting that many people have the initial idea that FHA somehow stands for First Time Home Buyer, and that the FHA Home Loan was designed with the First Time Home Buyer in mind.
In reality, the Federal Housing Authority (FHA) created the government guarnteed home loan back in 1934 with … (0 comments)
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fha: FHA Home Loans - Is It or Isn't It? - 04/28/08 10:15 AM
Tucson, AZ - FHA Home Loans are today's new subprime loans... We've been hearing this in the business since roughly August of '07 when the mortgage meltdown began to hit. I hear loan originators all the time comparing FHA lending to subprime lending; and based on credit scores some subprime loans … (2 comments)
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fha: I've Changed Companies And It Looks Brighter Than Ever - 04/25/08 02:19 AM
I've extended my reach and partnered with First Priority Financial who has the best back end and communication systems that I've seen in the industry. Over the coming weeks I'll try and show some of the client retention systems that both Realtors and LOs can use with maximum impact for their … (1 comments)
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