Clik here to view.
FHA Loan Basics You Should Know
If you are thinking about buying a home and are weighing your options for an FHA home loan, there are some basics you should know about FHA mortgages that can help you better prepare for an FHA loan...
View ArticleClik here to view.
Identity Of Interest Transactions: Another Reader Question
A reader asks, “I have a client that inherited property along with 2 siblings from the Mothers estate. The client has resided in the subject property for 1 year and now wants to buy the other siblings...
View ArticleClik here to view.
FHA Loan Appraisal Rules: A Reader Question
A reader asks, “I have been told by my realtor and the lender that an appraisal on a house I own will be on record for 180 days. They said that the appraised value will be on record and no other FHA...
View ArticleClik here to view.
FHA Loan Rules: Post-Bankruptcy
There are many questions about FHA loans and bankruptcy. Here’s an example of the kinds of questions we answer on a regular basis about becoming eligible once more for an FHA mortgage in the wake of a...
View ArticleClik here to view.
Mortgage Rate Trends: A Mostly Flat Week
Mortgage loan rates were mostly unchanged last week, budging a bit on Friday after Fed chairperson Janet Yellin’s speech at an important event in Jackson Hole, Wyoming. Rates seemed to be in defensive...
View ArticleClik here to view.
FHA Loan Questions: Home Inspections
A reader asks, “So what do I do if I bought a house with an FHA loan and 2 weeks after closing the roof leaks? You can visually see more than 3 layers of roofing without setting foot on the roof or a...
View ArticleClik here to view.
FHA Loans and Foreclosure Avoidance: The FHA HAMP Loan
When you purchase your home with an FHA mortgage loan, chances are you’re thinking more about moving in, getting settled, and making the home your own than you are the possibility that you could...
View ArticleClik here to view.
FHA Announces Changes To Help Delinquent Borrowers Avoid Foreclosure
The FHA has issued a press release announcing changes to its loss mitigation program guidelines to help borrowers avoid foreclosure and remain in their homes in times of financial difficulty. According...
View ArticleClik here to view.
Mortgage Loan Interest Rate Trends: Slightly Higher For Some
Monday saw mortgage loan interest rates taking back a bit of ground from Friday’s move higher; Tuesday saw some lenders keeping things unchanged while others moved a bit higher. There are some question...
View ArticleClik here to view.
FHA Loan Debt To Income Ratio Rules: Student Loans
When the lender is adding up an FHA loan applicant’s income and monthly financial obligations for the purpose of calculating debt ratios, there are some debts that can be more complicated than others....
View Article