ARCHIVED BLOG POSTS
2015
A reader asks, "I applied for a fha loan my contract on the house I am to purchase expires Thursday. I found out Wednesday night that I have to apply for an exception for the 2 fha loan rule and the house I am currently in and have on the market is a fha. I did not know this.""I qualify for both ...
04/30/2015
A reader asks, "I have rental property with a mortgage balance of $26000. The property shows a current value of $98900. I would like to refinance but seem to have a problem getting it refinanced? What would you advise me to do in order to utilize my equity to finance another investment."The scope...
04/25/2015
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Comments
A reader asks, "I was prequalified for an FHA loan and during escrow, my agent said I made too much money to be eligible for the loan. Does that make sense?"The simple answer to this question is no, the notion that a borrower makes too much money to qualify for an FHA mortgage loan does not make ...
04/18/2015
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Many potential FHA borrowers want to know more about the ins and outs of mortgage loan interest rates. When it comes to FHA mortgages, it's easy to misunderstand the relationship between a participating FHA lender and the FHA itself.For example, some assume that the FHA sets and/or regulates mort...
04/08/2015
Rainmaker
475,098
475,098
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide