Posts tagged as:

FHA Streamline

Streamline FHA Refinancing in New Jersey – “AFTER” the Changes

February 22, 2010

For many, many years, the FHA Streamline refinance was a borrower’s dream.  Once upon a time, a homeowner/borrower could easily and quickly refinance their FHA mortgage loan and get a lower rate and payment with no qualifying at all.  No appraisal was required, no credit check, no credit score, no job verification.
Gone are those days. The [...]

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FHA Streamline Refinance Rules Changing For The Worse, Much Worse – as of November 2009

September 29, 2009

Massive, massive changes upcoming that will kill the FHA Streamline as we have known it for so many years.
The new rules will make it impossible for most borrowers (my conclusion) to refinance using FHA Streamline.
No doubt, more changes will follow that are not beneficial to borrowers.
But the changes defy the very foundation of the Streamline [...]

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Common, But Little Understood Reason Why Many Mortgage Refinances Get Stuck Against a Brick Wall

June 1, 2009

If you are a homeowner/borrower, odds are you have never heard of the term “subordination” as it applies to a mortgage transaction.
But if you are a mortgage holder with both a 1st (primary) mortgage AND a home equity loan or home equity line of credit on the same property, you will find out all about [...]

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Your ONLY Chance to Refinance Your New Jersey Mortgage With Less Than Sparkling (Bad) Credit

May 26, 2009

Anyone who has not been living in a cave for the past year have heard the sob stories from lenders and the sad state of lender balance sheets.  Lenders are not interested in loaning money to those with poor credit.  And we must confess, it makes perfect sense.  When there are indications that the applicant [...]

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