We’re buying a home on Contract for Deed. He’ll carry C4D for two years, then we have to have it refinanced. Can we apply for an FHA loan? Someone was saying they weren’t sure if we could apply for FHA with a "refinance". Anyone know for sure? Oh and we live in Minnesota if [...]
Articles tagged with: condominium loans
Written By: admin on July 6, 2009
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"WASHINGTON – The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental go designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation’s mortgage debt, a person briefed on the matter said Friday [...]
Written By: admin on July 5, 2009
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OK, are these numbers too high, or am I just being overly cautious. My current loan is at 6.375% and has a balance of ,5000. My mortgage company is offering me a new 30 year loan at 5.5% (or lower), but the new loan would be for 3K. They are telling me the closing costs [...]
Written By: admin on July 5, 2009
No Comment
"WASHINGTON – The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental go designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation’s mortgage debt, a person briefed on the matter said Friday [...]
Written By: admin on July 5, 2009
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Ive been told alot of info on this (butalot of conflicting info)…..typically when you refinance a property you skip your next payment. With a FHA Streamline do you skip a payment?
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Written By: admin on July 4, 2009
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I just refinanced my home with FHA and got 5.5% fixed interest for a term of 15 years. I am going througha divorce and the payments are too steep. I want to extend my term to 30 years. Can I do that without refinancing? Thanks.
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