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Tampa, Florida’s Housing Market is on Solid Ground

September 18, 2012

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Florida Realtors President Summer Green has said that Florida’s real estate recovery is on solid ground.  Every month since May 2011, pending sales have increased for both existing single-family homes and for town-home/condo properties.  Compared to last year’s pending sales, in July of this year the number of pending sales increased by 42% for existing [...]

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New Obama Refinance HARP 2 Program is Expected to Help Thousands of Florida-underwater Home Owners

June 6, 2012


President Obama’s new updated Florida Home Affordable Refinance Program, HARP 2, is anticipated to help Orlando Florida homeowners who are underwater or upside down on their mortgage loan. Changes to the original HARP Refinance Program include no loan to value restrictions, primary – second home – or investment properties qualify, and income does not need to be verified… [...]

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Why Do I Need To Pay A VA Funding Fee?

July 10, 2011


The VA Funding Fee is an essential component of the VA home loan program, and is a requirement of any Veteran taking advantage of this zero down payment government loan program. This fee ranges from 1.25% to 3.3% of the loan amount, depending upon the circumstances. On a $150,000 loan that’s an additional $1,875 to [...]

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Understanding the FHA Mortgage Insurance Premium (MIP)

January 23, 2011


The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1.  Up Front Mortgage Insurance Premium (UFMIP) – financed into the total loan amount at the initial time of funding 2.  Monthly Mortgage Insurance Premium – paid monthly along [...]

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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