The Insider’s Guide to Winning the Mortgage Game

The Insider’s Guide to Winning the Mortgage Game
In this comprehensive but incredibly easy-to-read book, licensed Mortgage Broker and “Mortgage Guru” Zack Ahsan takes you on a guided tour of what you need to know to Win the mortgage game. It’s essential reading for All would-be home buyers and sellers.

First Time Home Buyer Programs

The Insider’s Guide to Winning the Mortgage Game

Mortgage Loan Tips.
Why Some People Almost Always Get The Lowest Interest Rate On Their Mortgage – For The Least Points – And No Junk Fees!

First Time Home Buyer Programs

Mortgage Loan Tips.

[wprebay kw=”mortgages” num=”0″ ebcat=”-1″] [wprebay kw=”mortgages” num=”1″ ebcat=”-1″]

Criminal fraud may be the most underreported aspect of our current financial crisis. In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.
First Time Home Buyer Programs

FHA Manufactured home loans Florida 97%w 580 FICO

FHA Manufactured home loans Florida 97%w 580 FICO

FHA Manufactured home loans Florida 97%w 580 FICO

Under the Title I program, Florida FHA approved lenders make loans from their own funds to eligible borrowers to finance the purchase or refinance of a Florida manufactured home and/or lot. FHA insures the Florida mortgage lender against loss if the borrower defaults. Credit is granted based upon the Florida mortgage applicant’s credit history and ability to repay the loan in regular monthly installments.

Florida manufactured home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida manufactured home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional manufactured mortgage loan. Some highlights of the Florida FHA loan program for manufactured homes  include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:  

No minimum FICO score or credit score requirements. FHA will allow a home purchase 2 year after a Bankruptcy. FHA will allow a home purchase 3  years after a Foreclosure.

Apply today at http://www.fhamortgageprograms.com/mortgage/manufactured-homes.shtml

FHA does not lend money to Florida mortgage applicants, they only insure the FHA loans made to mortgage applicants. The Florida Title I manufactured home loans are not Federal Government loans or grants. These FHA mortgage loans to Florida mortgage applicants  fixed for the entire term of the loan, which is generally 15-30 years.

Florida Modular homes or manufactured homes from top manufactures now compare in quality with homes built by better custom home builders No matter what name they go by, factory built homes cost between ten and thirty percent less than traditional site built homes. At 1st Continental Mortgage, we know why you want a fixed rate mortgage to buy a modular home in a subdivision, an FHA home loan for a manufactured home on an acre lot, or conventional home loan for a mobile home on a rural retreat. With our network of financing, we can help you get the manufactured home financing for your Florida dream home at interest rates and terms you deserve.

 Florida FHA Mobile Home loan Criteria

 General Eligibility Criteria for Florida Manufactured loan by FHA/HUD.

The Florida home must be constructed in conformance with the Federal Manufactured Home Construction and Safety Standards as evidenced by the affixed certification label. This is the RED TAG that is on the rear of each section of the Florida manufactured home. If the RED TAG is missing the house is not eligible for Section 184 financing. Only Florida manufactured homes built after June 15, 1976 will bear that seal. Florida manufactured homes built before that date are ineligible for Section 184 financing. The Florida  home must be classified and taxed as real estate (as applicable). The Florida mortgage must cover both the manufactured unit and its site or the appropriate lease documents must be in place. The Florida mortgage must have a term of no more than 30 years from the date amortization begins. The Florida manufactured home must not have been installed or occupied previously at any other Florida site or location. The finished grade elevation beneath the manufactured home or, if a basement is used, the lowest exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation. The Florida manufactured home must be permanently attached to the foundation system. Existing Florida homes must be attached to the foundation system by either cable or rebar welded to the frame rail or similar fashion. The unit must be anchored to the footing (or pier). The axles and tongue must be removed from the unit. The chassis must stay in place. The Florida home must have adequate skirting and insulation around the perimeter to prevent the crawl space area from freezing and allow proper ventilation of the crawl space. If the skirting is wood, the wood must be properly treated to prevent decay.

Purpose of the Loan

The Florida FHA loan for Manufactured homes can be used for the purchase or refinancing of a Florida manufactured home, a developed lot on which to place a manufactured home, or a manufactured home and lot in combination. The home must be used as the principal residence of the borrower.

Locating a Florida manufactured home Dealer

Florida Manufactured homes are usually purchased through Florida dealers or retailers that sell the homes. The names of lenders in your area which specialize in financing of Florida manufactured homes can be obtained from local Florida retailers. These retailers are listed in the yellow pages of your telephone directory. They have the required application forms.

Manufactured homes must comply with the Model Manufactured Home Installation Standards, and all applicable state and local requirements governing the installation and construction of the manufactured home foundation system.

An Eligible Manufactured Home Must:

Meet the Model Manufactured Home Installation Standards. Must carry a one-year manufacturer’s warranty if the unit is new Be installed on a homesite that meets established local standards for site suitability and has adequate water supply and sewage disposal facilities available.

The proceeds of a Title I manufactured home loan may not be used to finance furniture (for example, beds, chairs, sofas, lamps, rugs, etc.). However, built-in appliances and equipment and wall-to-wall carpeting are eligible for financing.

 

Answers to Mobile Home Questions

First Time Home Buyer Programs

Apply for FLorida Manufactured home loan financing at http://www.fhamortgageprograms.com/mortgage/manufactured-homes.shtml,
http://www.trulia.com/blog/jimmy_joe_allen/2009/04/florida_mobile_home_loan, http://www.trulia.com/blog/thomas_martin_1/2009/01/florida_manufactured_hom, http://www.hud.gov/offices/hsg/sfh/title/repair.cfm

Article from articlesbase.com

Find More Home Loans Articles

The Insider’s Guide to Winning the Mortgage Game

The Insider’s Guide to Winning the Mortgage Game
In this comprehensive but incredibly easy-to-read book, licensed Mortgage Broker and “Mortgage Guru” Zack Ahsan takes you on a guided tour of what you need to know to Win the mortgage game. It’s essential reading for All would-be home buyers and sellers.

First Time Home Buyer Programs

The Insider’s Guide to Winning the Mortgage Game

Mortgage Loan Tips.
Why Some People Almost Always Get The Lowest Interest Rate On Their Mortgage – For The Least Points – And No Junk Fees!

First Time Home Buyer Programs

Mortgage Loan Tips.

Single Mothers Housing Grants

Single Mothers Housing Grants

It’s never easy maintaining a family house at the best of times, but when you’re a single mother, this task becomes a lot harder. With the government realising this challenge, there are a variety of federal support programs intended to support single mothers, in the form of housing grants.

Here are two examples of single mothers housing grants that are worthy of looking into further.

The Public Housing Agency (PHA) Housing Choice Voucher

This is a scheme set up through the government’s Housing and Urban Development (HUD) department, and aims to assist low income families. This is done by helping to locate a home that fits your specific requirements, and then a percentage of your rent is then paid directly to your landlord, relieving the monthly strain of your rent.
This voucher can also be put to use towards the purchase of your home as well, provided that the house is considered to be practical and suited to your needs.

There are specified criteria that need to be met to qualify for these vouchers, and contain these terms:

* You must be an U.S. Citizen or an eligible immigrant
* Your family income must be below the Median income of your area (or area you wish to move to). These figures can be received from HUD.
* You must allow access to your banks, employers and agencies, for sufficient assessment.
* Also, the HUD for your area must have met it’s legal targets, the main one being that 75% of it’s funds are to go to families with incomes of 30% of the area’s median income.

To seek your eligibility and apply, you should contact your local PHA (Public Housing Agency)

The American Dream Down payment Initiative (ADDI)

When looking for single mothers grants, this scheme is often thought-about, although not designed primarily for single moms, but for low income families, so often single mothers can meet the requirements. The ADDI grant is presented only to first time homebuyers, and can provide the following aid:

* Up to ,000, or 6% of the purchase price of the house (whichever is larger)
* Financial support for closing costs
* Financial support for rehabilitation (eg proper removal of health dangers)

Like the previous grant, you must satisfy specific criteria to qualify, and these include:

* Be a first time home buyer
* Be looking to buy a family home (as opposed to an one bedroom flat, for instance)
* Have an income of below 80% of the area median wage (details can be obtained from your HUD)

There is more assistance for single mothers available, but these two are a good starting point, and an idea as to who can qualify. Get in touch with your local HUD for more details, or visit our website.

First Time Home Buyer Programs

Visit our site for assistance for single mothers, plus information and tips for housing grants.

Article from articlesbase.com

See how easy it is to get a grant with Matthew Leko’s government Money Club at www.freemoneyguy.com
First Time Home Buyer Programs
Video Rating: 0 / 5

More Housing Grants Articles

Affordable Home Modification Program

Affordable Home Modification Program
Professionally created D.y.i. program of 14 step-by-step videos, instructions and fillable forms empower homeowners in working directly with their bank to modify their home mortgage, saving them ,500+ in consulting fees while reducing their mortgage.

First Time Home Buyer Programs

Affordable Home Modification Program

Home Success Program
Home Success is the #1 work-from-home program! This program allows you to make an excellent living working from the comfort of your own home, on your own schedule.

First Time Home Buyer Programs

Home Success Program

Buy A House In South Yorkshire After You Find A House In South Yorkshire That You Like

Buy A House In South Yorkshire After You Find A House In South Yorkshire That You Like

After you find a house in South Yorkshire that you think is perfect for you and your family, you are going to want to buy a house in South Yorkshire.  This is not difficult to do, but does require a vetting process so that you can eliminate homes that you do not want and find those that are ideal for you.  Chances are that there are many homes in this area that you will like and will also fit into your budget. You have many options when it comes to finding and buying the right home for you and your family in this area of the United Kingdom. 

 

In order to find a house in South Yorkshire, the first thing that you want to do is to take a look at what is available. This can be done easily when you go online where it is possible to see the houses that are on the market according to price or even according to the types of amenities that you are looking for, such as space. If you want to have a four bedroom house or one with three bathrooms, then you can expect to pay more for this than a smaller home.  You will also want to take a look at location of the houses that you find.  You can use a tool that will enable you to filter your search so that it makes it easier for you to find a house in South Yorkshire. 

 

Once you find a house in South Yorkshire that you like, you should make a list of this and any other house that you like. It is easier to make up your mind to buy a house in South Yorkshire after you have looked at several and viewed them for yourself. An estate agent can help you with this process.  Usually they will have the house for a listing and will be able to take you to the house so that you can see it on your own when you can make an appointment. You will be able to see the inside of the house as well as the outside before you make up your mind to buy a house in South Yorkshire. 

 

First find a house in South Yorkshire that you like and will fit your budget as well as your needs. You can then buy a house in South Yorkshire once you are qualified to do so and you have taken a look at the house. Your agent can help you with all of the specifics when it comes to making an offer to buy the house. They will usually take you through all of the steps of getting a house, especially if you are new to buying a house. If you want to buy a house in South Yorkshire, you have plenty to choose from and will be sure to find one that will fit your budget as well as the needs of you and your family.  You can then have a home of your very own in this wonderful part of the United Kingdom. 

 

First Time Home Buyer Programs

You can buy a house in South Yorkshire after you have looked for the ideal one online and chosen from several. In order to find a house in South Yorkshire for you, you can go to HouseSaleUK. 

Article from articlesbase.com

Reverse Mortgage Income After Retirement

Reverse Mortgage Income After Retirement

As you approach retirement age you may want to think about getting a reverse mortgage loan to supplement your retirement income. After going through a long and tiring life filled with hard work, you may look forward to retiring with a stable and steady stream of income and being able to live off it comfortably. For many Americans, this means income derived from retirement plans, Social Security and any investments they may have made during their working lives.

One of the other most popular and widespread ways of supplementing retirement income is to take out a reverse mortgage on your property. There are many banks and reverse mortgage lenders in the market today that provide reverse mortgages, and the market has become very competitive which makes the programs more beneficial for the customer.

We know we should begin planning for retirement early. To ensure you survive retirement comfortably it is best to plan as early as possible. For many, the best way to enhance your retirement plan is through a Reverse Mortgage. A reverse mortgage is quite simply a way to access the equity in your home to provide you tax free income with no monthly payments. Most importantly senior home owners age 62 or above are federally eligible to apply and qualify for reverse mortgage loans after going through a mandatory counseling process.

There are several options for receiving payout from a reverse mortgage. You can receive fixed, monthly payments for a period of time; get a lump-sum payment; open a line of credit that you can draw against; or you can receive some combination of these options. You don’t have to stick with a payment option forever. You may be able to change your payment option in the future.  The money doesn’t have to be paid back to the lender during the lifetime of the borrower. The principal and interest become payable only when the home owner passes away or moves out of the reverse mortgaged property.

The  additional or extra line of income derived from a reverse mortgage can help put seniors at financial ease and enable them to gain confidence about their social position and spending ability in retirement. The money can be used any way they see fit – be it for travel, vacation, medical expenses, education expenses of grand children, home remodeling, anything!

The additional level of available money from a reverse mortgage offers senior home-owners peace of mind and stability so they can live their pre-retirement lifestyles without any fear of cash deficiency.

Reverse mortgage income is not taxable either; for the government considers it inappropriate to tax you on property you already own .Taken in perspective, reverse mortgages are good as an additional line of income for the senior home-owners looking to improve upon their lifestyles with a more money in their pockets. The homeowner doesn’t pay a mortgage; instead he receives payment from the lender in exchange for a stake in the value of the home. Check how much you can get from your Reverse Mortgage? We’ve helped thousand of senior homeowners solve their financial questions, it’s time we help you.

For FREE reverse mortgage counseling, Give us a call. We will be more than happy to answer any questions that you may have. Or if you’d like to find out how money you qualify for and if you’re eligible, feel free to give us a call at (800)630-0650.
Tim Jacobs
Golden Years Mortgage Solutions
Your Money…When You Need It
www.GoldenYearsMortgageSolutions.com
(800)630-0650
tim@goldenyearsmortgagesolutions.com

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com  (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.

First Time Home Buyer Programs

Tim Jacobs @ Golden Years Mortgage Solutions www.GoldenYearsMortgageSolutions.com  (800)630-0650 tim@goldenyearsmortgagesolutions.com Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. We’ve helped thousands of senior homeowners solve their financial problems.

Article from articlesbase.com

Single Mothers Housing Grants

Single Mothers Housing Grants

It’s never easy maintaining a family house at the best of times, but when you’re a single mother, this task becomes a lot harder. With the government realising this challenge, there are a variety of federal support programs intended to support single mothers, in the form of housing grants.

Here are two examples of single mothers housing grants that are worthy of looking into further.

The Public Housing Agency (PHA) Housing Choice Voucher

This is a scheme set up through the government’s Housing and Urban Development (HUD) department, and aims to assist low income families. This is done by helping to locate a home that fits your specific requirements, and then a percentage of your rent is then paid directly to your landlord, relieving the monthly strain of your rent.
This voucher can also be put to use towards the purchase of your home as well, provided that the house is considered to be practical and suited to your needs.

There are specified criteria that need to be met to qualify for these vouchers, and contain these terms:

* You must be an U.S. Citizen or an eligible immigrant
* Your family income must be below the Median income of your area (or area you wish to move to). These figures can be received from HUD.
* You must allow access to your banks, employers and agencies, for sufficient assessment.
* Also, the HUD for your area must have met it’s legal targets, the main one being that 75% of it’s funds are to go to families with incomes of 30% of the area’s median income.

To seek your eligibility and apply, you should contact your local PHA (Public Housing Agency)

The American Dream Down payment Initiative (ADDI)

When looking for single mothers grants, this scheme is often thought-about, although not designed primarily for single moms, but for low income families, so often single mothers can meet the requirements. The ADDI grant is presented only to first time homebuyers, and can provide the following aid:

* Up to ,000, or 6% of the purchase price of the house (whichever is larger)
* Financial support for closing costs
* Financial support for rehabilitation (eg proper removal of health dangers)

Like the previous grant, you must satisfy specific criteria to qualify, and these include:

* Be a first time home buyer
* Be looking to buy a family home (as opposed to an one bedroom flat, for instance)
* Have an income of below 80% of the area median wage (details can be obtained from your HUD)

There is more assistance for single mothers available, but these two are a good starting point, and an idea as to who can qualify. Get in touch with your local HUD for more details, or visit our website.

First Time Home Buyer Programs

Visit our site for assistance for single mothers, plus information and tips for housing grants.

Article from articlesbase.com