One of the current major headline topics concerning mortgage refinance is revolving around the continued tightening by lenders. In fact, underwriting guidelines have become more restrictive by the month in 2008, including credit score qualification standards. The change to tougher lender guidelines is stemming from our national credit liquidity crisis and the continued decline in [...]
Posts Tagged ‘Fha Loan’
June 16th, 2010
FHA Refinance Loans and Credit Scores
Posted in Article 
Tags: Conventional Home Loans, Conventional Mortgage, Conventional Route, Credit Score, Credit Scores, Eligibility Purposes, Fha Lenders, Fha Loan, Fha Loans, Fha Refinance, Fha Refinancing, Filling The Void, Liquidity Crisis, Loan Benefits, Loan Qualifications, Mortgage Fha, Mortgage Rates, New Mortgage, Qualification Standards, Value Ratio 
No Comments »May 28th, 2010
Current FHA Mortgage Rates
From the beginning in 1934, FHA has helped almost 35 million homeowners, making it the biggest insurer of mortgages in the world. The 109th Congress introduced the Expanding American Homeownership Act in June 2006 which would enable FHA mortgage loans to be a safe option for more underserved low-and moderate-income, and minority families so they [...]
Posted in Article Tags: American Homeownership, Bad Credit Mortgage, Conforming Mortgage Loans, Current Fha Mortgage Rates, Federal Housing Authority, Fha Home Loans, Fha Loan, Fha Mortgage Loans, Fha Mortgage Rate, Fha Mortgage Rates, Fha Mortgages, First Time Home Buyers, Home Fha, Housing Urban Development, Moderate Income Homeowners, Modernization Proposal, Private Mortgage Lenders, Robert Enriquez, Time Home Buyer, Time Home Buyers No Comments »May 4th, 2010
Refinance With Credit Score Under 500
If your credit score is under 500 and you need to refinance your mortgage you have severely limited options when compared to someone with a credit score over 500. Most sub prime lenders will not accept a below refinance loan from a under 500 credit score borrower. However all hope is not lost and you [...]
Posted in Article Tags: Alternate Credit, Borrowers, Cable Bill, Cell Phone Bills, Consumer Credit, Credit Profile, Credit Score, Fha Loan, Fha Refinance, Financial Responsibility, Foreclosure, Hard Money Lender, Hard Money Lenders, Medical Bills, Money Loan, Money Loans, Payment History, Score Requirements, Sub Prime Lenders, Valid Proof No Comments »