Real estate blog entries tagged with short refinance by Paul Dunn - Tucson's #1 FHA Mortgage Originator and USDA Rural Specialist (First Priority Financial)

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short refinance: 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)

short refinance: 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)

short refinance: Do You Squidoo? Check Out My FHA Secure Short Refinance Squid Lens - 08/18/08 01:38 AM

I finally got a spare 30-40 minutes and so I created a squidoo lens for the FHA Secure Short Refinance.
Please stop by, check it out and rate it a 5! Also feel free to leave a comment if you will as that seems to be good for the squid … (0 comments)

short refinance: 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)

short refinance: Short Pay or Short Refinance - How To Get The Lender To Discount Your Debt - 08/15/08 10:59 AM

Getting a Short Pay for a Short Refinance is possible and is happening on a regular basis. With FHA Secure and the new FHA HOPE more short pay and short refinance opportunities are oppening up.
There are specific requirements under both the FHA Secure and the FHA HOPE to do a … (25 comments)

short refinance: FHA Secure - Is It Just Another Bad Credit Mortgage Loan? - 08/14/08 11:51 AM

I've been getting calls on a regular basis about the FHA Secure Short Refinance. Many people are calling it the Foreclosure Loan or simply a Bad Credit Mortgage Loan.
The primary questions about the FHA Secure are:
Do I have to be in foreclosure?
Do I have to have Bad Credit, … (9 comments)

short refinance: The Housing Bill and A NEW Short Refinance Option - 08/01/08 11:29 AM

I've been doing the FHASecure Short Refinance Loan for a while now and when the new Housing Recover Bill I was concerned that the new FHA HOPE was going to replace the FHASecure. Fortunately...NOT!
Here are some things that I've found in Title IV (FHA HOPE For Homeowners) so far:
The … (16 comments)

short refinance: 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)

short refinance: 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)

short refinance: 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)

short refinance: 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)

short refinance: 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)

short refinance: FHA Secure - The Short Refinance - Paul Dunn Tucson's FHA Lender - 05/06/08 01:46 AM

We've all heard about the Short Sale as it seems to be dominating our marketplace here in Tucson. But many people haven't heard about the Short Refinance.
It's an FHA Secure refinance, it IS available in Tucson and has a special circumstance, and that circumstance is that the homeowner's existing mortgage is … (4 comments)

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