FHA Loans Oregon

Want a lower mortgage payment? Want a lower interest rate? Got an FHA mortgage? Property value an issue? FHA Streamline Refinance is the answer. Read More

Last week I posted information about the new FHA refinance program that is targeting non FHA home owners that are upside down on their mortgage equity. FHA has come out with more information about the program and how it will work. Read More

I don’t know if this is a good deal or not, I am often not certain about the usefulness of government programs until I see them in action, but assuming that it is good, HUD has a new program coming out that will assist underwater NON-FHA home owners. This means negative equity position is the first requirement for the program. Read More

The Senate late Wednesday passed a bill that gives the Federal Housing Administration the ability to adjust its insurance premium structure. This was sold as a way to help rebuild FHA’s depleted capital reserves and could make a huge difference in mortgage payment for FHA buyers in Eugene/Springfield. Read More

Many borrowers believe that when they purchase a property by obtaining mortgage financing, they also own their home.

Technically speaking, full ownership on a property only happens once the mortgage loan amount has been paid in full. Read More