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How To NOT Get Approved For Mortgage In Orlando, Florida

June 22, 2013

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1. Being self-employed There are lots of cool perks in being self-employed. You get to work when you want to, as long as you want to; you’re your own boss so basically, you run the show. But when it’s time to apply for a mortgage, there are two major downsides to it when trying to [...]

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Attention! FHA Announcement Involving Raising Costs And Lowering Defaults

May 22, 2013

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The Federal Housing Administration (FHA) is now planning on making changes that probably might make it harder for Florida Homeowners to get a loan starting next month on the 1st of April, 2013.  The plan is focused on setting higher mortgage qualification standards which just adds to the hurdles that borrowers need to overcome. The [...]

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FHA MIP, Act Now Before Changes Are Implemented

May 20, 2013

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Typically, an FHA loan is one of the easiest loans to qualify for but that won’t be so for long. Changes will be made and these changes are not going to make it any easier for homeowners. All FHA mortgages will be affected by the changes to be implemented coming April 1, 2013. These changes [...]

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FHA Loans for Orlando, FL Buyers

May 8, 2013

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The Federal Housing Administration (FHA) is the government agency responsible for insuring mortgage loans.  The agency reimburses mortgage lenders should a mortgage loan go unpaid by a borrower.  The guarantee that a loan will be reimbursed makes lenders much more willing to issue loans to individuals with less than perfect or non-existent credit histories. To [...]

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Orlando, FL FHA Streamline refinance saves almost $500 per month…not HARP.

April 29, 2013

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Chris Brown Mortgage Review Dan left me a voicemail and I could tell by his voice, he was scared, nervous, and not sure where to turn for help.  He shared that he and his wife, Cindy, are 72 years old, that their house is upside down, and that they were getting solicited daily to refinance.  [...]

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FHA Streamline Refinance in Jacksonville, FL – Act Fast!

April 29, 2013

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The Federal Housing Administration’s (FHA) Streamline Refinance, the FHA’s answer to the Obama administration’s Home Affordable Refinance Program, which is aimed at helping underwater homeowners refinance into all time historic low interest rates, is helping underwater homeowners in more ways than one. The FHA’s version of the plan, the Streamline Refinance, not only seeks to [...]

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Big Changes Affect All FHA Backed Loans

April 11, 2013

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Big changes have come to the Federal Housing Administration (FHA) that affects all Florida FHA loans – loans guaranteed against default by the FHA.  The changes that took effect were instituted to generate funds for the FHA’s Mutual Mortgage Insurance (MMI) fund, a fund which is required by law to always maintain a 2% reserve [...]

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Why Should Homeowners Refinance?

March 6, 2013

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Refinancing a mortgage is one of the best ways for St. Pete, Florida homeowners to save big money on their monthly mortgage payments and on the total amount that they end up paying by the time the mortgage is paid off.  A refinance mortgage replaces a current mortgage by issuing a new loan to pay [...]

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Need To Know Facts About The Cape Coral, Florida FHA Loans Streamline Refinance and Rates

November 1, 2012

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The FHA Streamline Refinance is a mortgage product made for homeowners with existing FHA mortgages.  An FHA streamline refinance is typically the refinancing of a current FHA insured loan into another FHA insured loan. Your mortgage must be in good standing; if it’s delinquent then it can’t qualify for refinancing. Also, the FHA streamline refinance [...]

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Mortgage Payment: Paying Your Mortgage More Quickly Than You Need To Does Not Give You An Advantage

September 16, 2012

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People have the impulse to finish their mortgage payment at a faster pace than they need to. This is understandable, especially these days but it is really not necessary. This year has seen interest rates falling to near historic lows. Now it is possible to still afford paying the monthly even after replacing a 30-year mortgage [...]

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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