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FHA Mortgage Insurance And What You Need To Know About It

May 21, 2013


Apparently, most Floridians prefer FHA-backed loans over conforming loans and jumbo mortgages for reasons such as: FHA allows a 3.5% downpayment FHA allows refinances without appraisal FHA mortgage rates are usually really low Mortgage insurance is the only area where FHA mortgages are relatively disadvantageous. FHA Mortgage Insurance Premiums tend to be a real pain—they [...]

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Sarasota, Florida HARP 2 Statistics : Homeowners whose Mortgages are “Severely Underwater” Account for more than One-quarter of all HARP Refinances Completed Nationwide

December 12, 2012


HARP stands for Home Affordable Refinance Program. It was launched in 2009 as an aid to timely refinancing for underwater homeowners and to help stabilize the housing market. Back in 2009, mortgage rates were declining and it would have been a great time to take advantage of the low rates — but home values were [...]

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Talk the Talk – Know the Mortgage Lingo at Closing!

August 21, 2011


What the heck are they talking about? Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek. Even though you may have put your trust in your real estate and mortgage team, it helps to understand some of the terminology so that [...]

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Making Sure Your Cash-To-Close Comes From The Proper Source

February 13, 2011


Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the [...]

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Chris Brown
Chris Brown is the premier expert on HARP loans and Government FHA and VA loans. Please visit The Mortgage Chili Blog