fha loans: FHA MIP, Act Now Before Changes Are Implented
- 05/22/13 10:19 PM
Typically, an FHA loan is one of the easiest loans to qualify for but that won’t be the case for too long as changes will be made. The changes will be implemented on April 21, 2013 and such changes will affect all FHA mortgages. These changes are not going to be good news to many Tampa, Florida homebuyers who plan to get an FHA loan as the process will then be more challenging. The FHA has set deadlines for a new mortgage insurance premium schedule; an increase in downpayment minimums; and, new underwriting standards for loans with low credit scores. Read … (0 comments)
fha loans: FHA Streamline Refinance in Jacksonville, FL – Act Fast!
- 04/28/13 11:40 PM
The Federal Housing Administration’s (FHA) Streamline Refinance is the FHA’s answer to the Obama administration’s Home Affordable Refinance Program. Its designed to aid underwater homeowners refinance into all time historic low interest rates and the program is helping underwater homeowners in more ways than one. The FHA Streamline Refinance not only seeks to help underwater homeowners refinance into lower interest rates and lower monthly payments, it is also helping homeowners with FHA backed loans cancel their mortgage insurance premiums (MIP) up to five years faster than those who don’t take advantage of the Streamline Refinance. Read more at FHA Streamline Refinance … (0 comments)
fha loans: James and Helen save almost $500 per month…but not with HARP!!!
- 04/28/13 11:10 PM
As I listened to the voicemail that James left me, I could sense the fear in his voice. I could tell he was scared, nervous, and probably not sure where to turn for help. James said that he and his wife, Helen, are 72 years old, that their house is upside down, and that they were getting solicited daily to refinance. Fortunately James and Helen were introduced to us by one of our clients. James shared, “I feel like we have someone we can trust and Dave said you’re a straight shooter.” Initially, we started researching to see if James and … (1 comments)
fha loans: Florida FHA Streamline Refinance – just got lower PMI rates.
- 04/13/13 08:14 PM
A great number of Tampa, Florida homeowners are going to benefit greatly from refinancing this year. Loans are going to be more affordable as the Federal Housing Administration is making changes and lowering its upfront and monthly mortgage insurance premium fees. This is a great boon for Tampa homeowners who are eligible for the FHA’s New Streamline Refinance Program. Home loan refinances that were endorsed by the FHA before June 2009, can garner the benefits of these as of 11th of June 2012. Read more at Florida FHA Streamline Refinance – just got lower PMI rates. … (0 comments)
Andrea Tlumacki was one of the people not afraid to take the plunge... and she has been rewarded for it! With the deadline of the $8000 First Time Home Buyer Tax Credit approaching - it is urgent to develop a plan of execution. Most people are focused on the restriction of closing before the expiration of Nov. 30th. Fair enough... but many are not building a time line in order to establish milestones that one needs to meet if they desire to witness the delivery of an $8000 Treasury check. This … (4 comments)
fha loans: Florida FHA Loan Limits are going DOWN for 2009
- 11/22/08 07:18 AM
It is important for Florida Home buyers to know that Florida FHA loan limits are going down for 2009. For 2008 Seminole County loan limits, it is a HUGE drop. The new loan limits per county are as follows:
2009 FHA Limits – Florida All areas except those counties listed below: One-Unit $271,050 Two-Unit $347,000 Three-Unit $419,400 Four-Unit $521,250
Monroe County 28580 FL $529,000 $677,200 $818,600 $1,017,300 Collier County 34940 FL $448,500 $574,150 $694,000 $862,500 Broward County 33100 FL $345,000 $441,650 $533,850 $663,450 Miami-Dade County 33100 FL $345,000 $441,650 $533,850 $663,450 Palm Beach County 33100 FL $345,000 $441,650 $533,850 … (5 comments)
fha loans: The Truth about predicting Orlando Mortgage Rates
- 10/16/08 11:15 AM
What did the snail say when he got on the turtle back? Weeeeeee...... [laugh, that is as funny as it gets] Well, this is what most of us are saying about these market dips and jumps! It's important to remember that markets are unpredictable and nobody knows what will happen tomorrow. Unfortunately, that doesn't stop the 'experts' from trying. An obvious example comes from.... Read the whole informative blog: The Truth about predicting Orlando Mortgage Rates Chris the Implementer Orlando Mortgages | Orlando FHA Loans Orlando Real Estate | Florida Reverse Mortgages Florida Short Refinance | Mortgage Chili Blog … (4 comments)
fha loans: Cut the Bull... wanna know why FHA Loans are all that's left...
- 10/02/08 07:02 AM
As the mix gets deeper and deeper so does the &*@). [I had a good momma... me no cuss cuss!] It is not really debatable that it is the CRA that ran this into the ground, but how do you explain it to your buyers, sellers, etc. Well, my sick humor included, i think i got a good explanation put together. FHA loans are all that is left for anything more than 90% because... Read the article: Why FHA Loans are the only thing left...
Chris the Implementer Orlando Mortgages | Orlando FHA Loans Orlando Real Estate | Florida … (5 comments)
Since human nature is “inaction” when there is uncertainty… it is quite possible. To the casual observer, things are just as bad as ever. But to even the untrained eye, if the stats are analyzed there are some encouraging trends out there. For the industry and for sellers. The question is are buyers their own worst enemy. There are 2 main trends that point to the housing recovery: * Inventory is dropping * Builders aren’t building [as much] I explore both of these in more detail in the original blog, but this is … (9 comments)
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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner
Typically, an FHA loan is one of the easiest loans to qualify for but that won’t be the case for too long as changes will be made. The changes will be implemented on April 21, 2013 and such changes will affect all FHA mortgages. These changes are not going to be good news to many Tampa, Florida homebuyers who plan to get an FHA loan as the process will then be more challenging. The FHA has set deadlines for a new mortgage insurance premium schedule; an increase in downpayment minimums; and, new underwriting standards for loans with low credit scores.
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