The focus of this article is the FHA SECURE PROGRAM. To simply put it, FHA Secure is a refinance option for homeowners that currently have a subprime loan or any other non FHA loan. One of the benefits of this program is whether you are current or delinquent on your current mortgage, you could still qualify for this FHA Secure Loan. That means if you are in the past, then you can still qualify for a low fixed rate mortgage. Now before we can go any further.
Here it is – the mortgage industry does not consider you & # 39; late; Until your payment is 30 days. So that means that if you make a payment on the 25th of the month when it's on the 1st, you're not "late" as far as a moneysign is concerned!
Now, in April of the year, you will be able to live with your life 2008, the FHA Secure loan program is an easy-to-use, easy-to-use, easy-to-use, easy-to- To a 90% Loan-to-Value for these homeowners to refinance.
– Borrowers that have an adjustable rate For a refinance loan of up to 97% Loan to Value.
– Now Borrowers have to pay to get to the FHA Loan.
It is not uncommon in today & # 39; s market for the lenders to voluntarily reduce the amount ow Ed on sub prime mortgages to the refinance at 97 or 90% Loan to Value, but of course on a case by case basis. The FHA Loan Loan Program has been designed to help you get the most out of your life.
Now homeowners in Fort Lauderdale and Miami that have adjusted rate mortgages that have recently adjusted and have caused financial baldness or even foreclosure are finding relief in this FHA Secure Loan Program.
This FHA Secure Loan Program will ignore the foreclosure under the following circumstances:
– If all the homeowners' payments were on time before the rate adjusted and they are now in foreclosure because They can not afford the new payment, then the foreclosure will be ignored.
This program is not for everyone, but if your situation sounds like a low fixed rate FHA loan. If you are looking for a loan or a loan, you need a loan. If you want to sell. Either way, if you work with a qualified loss mitigation expert, that can help you navigate the process and determine which option will be the one for your particular needs.Immobilienmakler Heidelberg Makler Heidelberg
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Source by Marlon Baugh