phoenix: FHA: Including my mortgage in a Chapter 7 bankruptcy - 03/22/11 04:51 PM
FHA: Including My House In My Chapter 7 Bankruptcy   You filed a Chapter 7 Bankruptcy and included a mortgage/ or property in Arizona and you want to know when you can qualify for an FHA Home Loan in Arizona.. Am I correct?


What?
You may have even been told by a FHA mortgage loan lender in Arizona that after 2 years from the Chapter 7 Bankruptcy Discharge date you can qualify for an FHA Home Loan . Does that sound familiar? For the most part this information, technically, is true.
Like many others who have … (5 comments)

phoenix: FHA Extends The Less Than 90 Day Flip Rule for 2011 - 01/19/11 07:40 AM
FHA Extends The Less Than 90 Day Flip Rule for 2011 in Arizona
FHA 90 Day Flip Rule Is Extend For the Year 2011 in Arizona
HUD has informed us that they are going to extend the FHA 90 day seasoning financing rule for buyers & sellers in the greater Phoenix & Arizona area.  This obviously will be extended to all states in the U.S.

What does this mean for you as a buyer?
The extended FHA 90 Day Flip Rule will allow you to purchase a home that was currently purchased, in the most recent 90 days, by an investor and sold … (1 comments)

phoenix: New FHA Upfront MIP for Arizona Homebuyers - 12/15/10 07:22 AM
New FHA Upfront MIP on Oct. 4, 2010 Effective October 4, 2010, Arizona FHA Homebuyers will see the new FHA Upfront MIP go down as much as 1%. Over the past 2-3 months, Congress has taken action and passed H.R. 5981. This bill gives FHA the authority to adjust it’s annual mortgage insurance premium yielding approximately $300 million per month to the FHA Mutual Mortgage Insurance Fund at a time when its reserves are perilously low. As a result, FHA has decided that effectively on October 4, 2010, the UFMIP (Upfront Mortgage Insurance Premium) and the Monthly Insurance Premium will change in order … (0 comments)

phoenix: Can It Be NOW is a Good Time for a Mortgage? - 09/30/09 06:23 AM
Every now and then, the economy produces a time when it is a good idea to refinance yourmortgage or purchase a home.  For many, that time is now. Low interest rates are bringing first time homebuyers out by the score and that's driving the resale market.  Those of you on variable rates or coming off of fixed rates can benefit, too. Today's prime is at 2.25% compared to last year's prime at 4.75%, or two years ago at 6.25%. 
Conventional wisdom would say that now's the time to take the money and run by lowering your  payments and pocketing some cash.  Instead, you … (0 comments)