Archive for the ‘ARM’ Category

What’s the Government Doing for Your Mortgage?

Tuesday, June 3rd, 2008

In a previous blog, I talked about FHA's change to a credit-score based MIP (mortgage insurance premium).  This is good news for folks who need the benefits that come with FHA loans (i.e. lower down payments and higher debt-to-income ratios) but who have exercised good sense when it comes to ...

What the Media Doesn’t Tell You About the Housing and Mortgage Industry

Tuesday, April 29th, 2008

The housing crisis.  The credit crunch.  Unscrupulous lenders. Between the media's daily recession report and the testimony on Capitol Hill lately, we're all waiting for the imminent collapse of our economy.  Surely mortgage companies are waiting at our doors, waiting to grab the keys from our hands and toss us into ...

Stopping Foreclosure

Tuesday, January 29th, 2008

Did you take out a sub-prime adjustable rate mortgage, commonly referred to as an ARM, between the start of 2005 and July 30, 2007? Is your sub-prime ARM set to adjust between January 1, 2008 and July 31, 2010? Do you occupy the home that this sub-prime ARM is attached to? Are you ...

Exciting News from HUD Regarding ARM Mortgages

Thursday, October 25th, 2007

Many of you are fretting over the impending significant adjustment (reset) in your Adjustable Rate Mortgage (ARM). Or maybe you have already encountered your reset date and are now struggling to make your new payment. Maybe you are facing the very real possibility of losing your home or facing potential ...