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connectciut fha: Connecticut Adjustable Rate Mortgage Refinance | FHA Secure Program Helps Those With An ARM
- 06/05/08 12:56 AM
Connecticut FHA Mortgage Refinance - CT Adjustable Rate Mortgage Refinance With the modifications to FHASecure scheduled to begin July 14, 2008, there will help to homeowners struggling to keep up with their high-cost subprime adjustable rate mortgages who have missed up to three monthly mortgage payments over the past 12 months. If you are delinquent, the default must have been due to the payment shock of an interest rate reset or, in the case of an Option ARM, the "recasting" of the mortgage to fully amortizing FHASecure is a refinancing option that gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent (0 comments)
connectciut fha: FHA Mortgage News | Connecticut FHA Mortgages
- 06/05/08 12:46 AM
FHA Guideline Changes Coming Soon........ Currently, the FHA has a 'one size fits all' premium structure that charges borrowers 1.50 percent of the loan balance upfront and .50 percent annually regardless of their credit standing. But the FHA felt this approach did not treat borrowers equitably and could put their insurance fund at risk. That's why under their new guidelines scheduled to begin July 14, 2008, the FHA's upfront mortgage insurance premium will range from 1.25 percent to 2.25 percent with borrowers still needing to adhere to the FHA's strict underwriting criteria. Under the new system, higher risk borrowers (those with (1 comments)