Getting a no credit check mortgage refinancing today is much harder than before what’s referred to as the “housing bubble” and its collapse in 2008 and 2009. Many lenders completely revamped their lending standards and procedures. Where no documentation was acceptable, full documentation became the norm. Mortgage refinancing with bad credit is still possible but [...]
Even without good credit you can get a loan online if you work at it. Knowing which bad credit mortgage refinance loan is right for you can be rather difficult. Here are a few tips to help you to choose a good mortgage refinance loan and avoid the bad refinance mortgage.
If you are looking [...]
President Obama’s “Making Homes Affordable” stimulus plan is currently available to millions of people. This economic stimulus plan is intended to offer mortgage refinancing loan and loan modification options to the millions of financially struggling homeowners in the country. If you happen to be having a difficult time paying your monthly mortgage, or are facing [...]
Why Ask For an FHA Loan?
There are lots of reasons to ask your lender for an FHA loan instead of taking a conventional mortgage loan. Why not take advantage of the many benefits and protections that come only with a FHA:
Easier to Qualify – Because FHA insures your mortgage, lenders are more willing to [...]
I recently read an article that indicates that the Feds are going after mortgage companies with questionably high rates of foreclosures on homes they finance. This week, U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. Stevens announced an initiative to target mortgage [...]