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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 or HARP Refinance? Information for Florida Homeowners

April 8, 2013

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St Pete, Florida homeowners with an underwater mortgage have no doubt heard a lot about the options available to them to lower their monthly payments and interest rates.  Several programs are currently available, and a certified mortgage professional can give specific advice on what options are best for a homeowner’s individual case, but below are some [...]

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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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Happiness is Having Proper Expectations for Your Closing Time Frames

August 25, 2012

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This year, we witnessed a steep nationwide increase in the number of U.S. households refinancing to lower mortgage rates using the FHA Streamline Refinance and HARP 2.0 Refinance Program along with the “traditional” rate-and-term refinances. An influx of mortgage activity is happening as mortgage rates are below 4 percent.The incredible increase of new loans has [...]

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Your Sarasota, Florida Mortgage Loan Denied? Just Apply Again.

August 10, 2012

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There are plenty of “streamline refinance” programs available from the government: the Sarasota, Florida FHA Streamline Refinance; the Sarasota, Florida VA Streamline Refinance (also known as IRRRL); and the Sarasota, Florida HARP Refinance Program of Fannie Mae and Freddie Mac. These programs are noted for being more relaxed in their refinance requirements because they remove [...]

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Loan Application: Important Things You Need to Know about Loan Files

August 7, 2012

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The media is making a big mistake about what the problem really is. They think to secure mortgage loan application and to satisfy credit underwriting guidelines are plaguing mortgage consumers. But the real problem actually is in trying to meet the strict documentation requirements–which most people fail to comply. But no need to worry for [...]

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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