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How Do I Get a Reverse Mortgage?
July 21, 2003 ?I am running short of money and friends tell me that I should take a reverse mortgage, but the thought of a complicated transaction involving my house just terrifies me. It would help a lot if you would lay out the steps in 1, 2 3 form??  With a reverse ... more...

Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

fha approved related definitions

FHA Mortgage Insurance
FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more...

MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Home Buying Process: 15 Tips for First Time Home Buyers
As a first time home buyer, you probably need all the advice you can get. That's why I've collected what I feel are the top 15 pieces of advice for first time buyers. These tips will help make your home buying process a smooth one!1. Get a copy of your credit report. Obtain a copy of your credit ... more...

Reverse Mortgages - Get The Money You Need - Part 2 of 4
To recap part 1, Reverse Mortgages are loans that allow you to borrow back the equity in your home. If you are 62 years of age or older, they are a way to borrow against the equity in your home to provide you with tax-free income. Probably a good idea if you're a senior who needs cash for medical ... more...

How I Became a Real Estate Investor
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.My business ... more...

Reverse Mortgage: A Dignified Way for Retirees to Supplement Income and Take Care of Expenses
For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs ... more...

FHA Mortgage: When Your Downpayment is a Gift
There has been so much fraud discovered in the FHA program allowing gift funds for downpayment that Lenders and borrowers are required to absolutely document every step of the gift transaction to prove it was legitimate.Heres how it works: FHA allows the required downpayment to be a gift from ... more...

I Want to Buy a Home - Now What?
If you were to ask 100 women "What would you like to achieve financially?" Buying a home or apartment is usually one of the answers. Some women think that they can never own a home - which is not true! In fact, there are so many success stories of home buyers who never thought they would get there. ... more...

How Homeowner Can Save Their Home From Foreclosure
Drive around and see how many signs you see that says House for Sale. How many lease purchases do you see? How many abandon houses are on your street? Our country is up against the wall with delinquence mortgages. FHA mortgage lenders are filing claims in the millions from HUD. How do I know? ... more...

What Homeowners Should Know to Stop Foreclosure- Speaking Your Lender's Language
Financial literacy is the means of empowering consumers to make informed financial decisions through exposure to accurate and timely information. In no other area is the void of accurate information more evident that in the area of foreclosure.The national foreclosure rate is at the highest level ... more...

FHA Home Loan Information - Buying A Home With Help From The Government
The federal government wants to help you buy a home. They see it as a way to improve the economy, provide a stable tax base, and help grow communities. To encourage homeownership, the federal government backs loans for those who might have trouble qualifying for a conventional loan.Loans For Low To ... more...

Kingsland Georgia Mortgage Company Information For Homebuyers Transferring to Kings Bay
If you are transferring to the Kings Bay Georgia Naval Submarine base, more than likely you will need a lender to buy a home.VA mortgages provide military homebuyers with 100% financing to buy a home. The veterans administration doesn't provide the loan, they only guarantee it. The VA approved ... more...

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