Archive for the ‘Uncategorized’ Category

FHA Loans three and five years ARMs (adjustable rate mortgage) can be a great way help someone that is on the verge of qualifying for a home loan in Eugene/Springfield. They could always be refinanced with an FHA Streamline refinance later to get a 30 year fixed rate. 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

Up until now, get get assistance on an FHA loan in Oregon, the borrower had to be at least 30 days behind on their payments. However, homeowners with FHA-insured mortgage loans who are experiencing financial hardship are now eligible for loss mitigation assistance before they fall behind on their mortgage payments, according to a recent release from the U.S. Department of Housing and Urban Development (HUD). Read More

On January 1, the new 2010 Good Faith Estimate came into being amid a lot of hoopla and consternations. Now that it is here, many people don’t know exactly what it does and doesn’t do for the consumer and how it will effect and what affect it will have on Realtors®. This is a major change in RESPA (Real Estate Settlement and Procedures Act). Because of the changes, I will be holding webinars for Realtors® in my service area (Oregon, Washington and California) with a limit of 25 per day allowed to register. Here is the sign up form for the webinars: Read More