Archive for December, 2008

December 16, 2008 0

FHA Streamline Refinance

By Scott in FHA, Qualifying

Did you know there is a mortgage refinance option that doesn’t care about the value of your home, your current income or employment, or even if you have not paid debts, other than your mortgage, on time?  There is, and it is called a FHA Streamline Refinance.  If you currently have an FHA mortgage and [...]

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December 10, 2008 2

FHA Changes – 2009

By Scott in Big Changes, FHA

Effective Jan 1, 2009 FHA has made some changes to their guidelines that could impact those looking to obtain mortgage financing.  As I have stated in previous posts, FHA has become more popular over the past couple of years due to the changing mortgage environment and reduced risk tolerance of mortgage lenders.  FHA, on the [...]

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December 9, 2008 0

Pre-Qualification versus Pre-Approval

By Scott in Common Questions, Qualifying

Several years ago most people didn’t really care about the difference between a pre-qualification and a pre-approval because there were so many qualified buyers in the home buying market place that if you couldn’t buy a home, there was somebody else who could.  With lender guidelines tightening and the pool of buyers shrinking, the importance [...]

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