How often in life is something given away for free. Yes, many advertisements offer items for free, but when one reads the fine print or does further investigation, they quickly realize that nothing is truly being given away. Instead, the word free is just being used to offer incentives to the potential customer. The exception [...]

Many potential first time home buyers find themselves in similar situations as we enter July 2009. They want to take advantage of the $8000 tax credit for first-time home buyers, purchase while the prices are declining, and know they can afford the payment of the new home. Only one thing stands in their way; cash. While their current rent payment may be just slightly lower than what their housing payment would be, the funds needed for down payment and closing costs are just not available to many people right now. So, how can you purchase a home if you have limited cash available?

As we enter the summer, many questions still remain regarding the $8000 tax credit for first time home buyers. While many queries have been left unanswered, there are a few things that have been made a bit more clear.
1. If there is going to be the ability to use the $8000 tax credit at the [...]

 In today’s economic climate, Americans find themselves in need of any extra money they can stumble upon.  With the nation’s current fiscal state, finding ways to save a few dollars is a must for many U.S. citizens.  One solution to the current financial situation is lowering one’s monthly mortgage payment.  While some Americans are unable [...]

We have been receiving a lot of questions from customers wanting to know more about the $8000 tax credit that was included with the Stimulus bill sometime back.  I figured to hopefully get rid of some of the confusion by posting the most common questions and answers.  If I have missed any questions please feel [...]

As of January 1, 2009 the FHA minimum down payment changed from 3 percent to 3.5 percent. What does this mean in general, and what does this mean to the homebuyer?
FHA, or the Federal Housing Administration is a part of the U.S. Department of Housing and Urban Development (HUD). The program began during the Great [...]

As conventional loan applications drop over 50% from the year to date it’s also clear that borrowers are RUNNING towards FHA mortgages as they seek to refinance out of costly adjustable-rate mortgages or take out purchase loans with low down payments. The Mortgage Bankers Association says applications for government-insured loans were up 133.9 percent in [...]

The Benefits of FHA Insured Mortgage Programs We’ve all heard the popular saying “in a perfect world”, well in a perfect mortgage world a mortgage banker would be able to lend a borrower the money they need for a home and would be able to take care of the customer even if their credit [...]

Does this make sense? Offering loans to home buyers without making them commit at least some of their own money as down payment?
How about you? Would you loan a complete stranger $500,000 to buy a home without making sure he or she had at least some skin in the game—especially with national home prices falling [...]

Hello and thank you for coming to my blog. As you will see I am here to give you information on mortgage products. This site is specifically dedicated to FHA (Federal Housing Authority) mortgages. Since the sub prime downfall, FHA mortgage applications have spiked and will continue to do so.
A common [...]