Congratulations! You are about to take a step closer to having your own home! This could be the biggest life decision you’ll ever make. Sure, the joy of having to drive into your own garage and just enjoying the perks of your own private haven gets the hype up. Now that you’re so driven to make that vision real, you’re ready to jump right into the deep unknown called “homeownership”. Hold your horses! Before you begin, work on your plans and know a little more about home purchase. … [Read more...]
Do You Qualify for an FHA Home Loan?
The FHA has many benefits for first time and repeat buyers that individuals can take advantage of. A few examples of these benefits are, the ability to purchase a new home with a low down payment and with a low credit score. Even borrowers who have a significantly lower debt-to-income ratio can take advantage of an FHA home loan. Borrowers can also enjoy less stringent guidelines and requirements when they choose to fund their home with an FHA home loan. These advantages are what make the FHA … [Read more...]
Arizona FHA Streamline Refinance: A Great Program For Arizona Homeowners
Arizona is just one of the states in the US that has been hit by the declining values in the real estate industry. Over the last couple of years, Arizona has more home owners with an FHA home loan than before. Did you know that if you have an existing FHA home loan and your home has declined in value, you can still participate in the FHA streamline program? If you are in this situation, you need to immediately contact your FHA refinance streamline team of experts and answer a few simple … [Read more...]
FHA Streamline Refinance: Save Hundreds Each Month
Many people in recent years have finance their home with an FHA home loan that have interest rates higher than today’s interest rates. The FHA streamline refinance program was designed by HUD to help home owners who are currently in an FHA home loan to refinance to lower monthly costs without having to completely re-qualify for a new loan. The FHA streamline refinance could put billions of dollars of monthly principal and interest payments back into the economy through simply saving home owners … [Read more...]
The FHA Streamline Program: Good News For FHA Homeowners
The news has been filled with an amazing variety of good and bad about the real estate industry lately. There has even been some information about FHA home loans which may not have been correct but here is some news that has not changed: If you have an existing FHA home loan you can use the FHA streamline program to refinance your existing FHA home loan anywhere in the United States. Not every lender provides FHA streamline refinance services so make sure you are speaking with an FHA streamline … [Read more...]
FHA Streamline Refinance: Arizona Options
Since the early 1980’s HUD has made available a powerful refinance option to homeowners who are currently using FHA home loans in every state in the nation including Arizona. This home loan refinance does not even require a home appraisal as long as the homeowner is able to pay the small closing costs out of pocket even in Arizona. The power of this is seen when the homeowner owes more on their existing Arizona FHA home loan than the current appraised value of their home. Unfortunately, some … [Read more...]