Tagged : financing 
There are currently 3 blog entries matching this tag.
What Is Private Mortgage Insurance?
Saturday, October 2nd, 2010 at 7:57am. 1752 Views, 0 Comments.
Private Mortgage Insurance provides important protection for mortgage lenders by guaranteeing them against the losses that may occur if the borrower is unable to repay their debt. There are also benefits for the borrowers themselves since they will be able to buy a home with a smaller deposit.
Private Mortgage Insurance has had some bad press, but since 1998 when the Homeowners Protection Act came into effect, many of these problems have been solved. One reason why Private Mortgage Insurance was causing trouble before 1998 was that homeowners were not being kept informed about the payments they were making. Private Mortgage Insurance payments were being taken alongside the mortgage repayments as a hidden cost that was not being properly explained to the…
Zero Down Financing Programs for metro Denver CO Home Buyers
Sunday, September 5th, 2010 at 7:36am. 504 Views, 0 Comments.
Too many times metro Denver CO first time home buyers struggle in order to meet down payment requirements which are becoming more and more outrageous in today’s mortgage environment. Because of this I am going to take a moment and let you know that we have a Denver CO First Time Home Buyer mortgage program.
Some of the highlights include:
- Zero Down – No Down Payment
- Zero Closing Costs – No Closing Costs
- 100% Financing Available
- No Fees to Apply
- Quick Processing – Understand Your Options Fast
This program like all mortgage programs does have some requirements. There is a two year waiting period after bankruptcy and three years after foreclosure. The relaxed credit score requirement means that lower credit scores are allowed than conventional…
FHA implements new rules to help foreclosures sell faster
Tuesday, January 19th, 2010 at 11:19am. 731 Views, 1 Comments.
FHA has made recent changes to their rules to help stabilize the home values and improve community distress in places where foreclosure activity is high. A temporary change of policy has been announced which will allow increased and quicker access to FHA mortgage insurance when purchasing some foreclosed properties.
Through this announcement and the $2 billion stabilization grants announced for non-profit developers and local communities announced to stem the negative effects of abandoned and vacant homes in some communities, the current administration has shown a commitment to addressing these issues.
These changes further open up the credit market to potential home buyers who often run into roadblocks obtaining conventional financing, most home…