FHA Secure...did you know about this program?
On August 31, 2007, President Bush announced the creation of FHASecure.
Backed by the government, FHASecure is enabling homeowners who have a history of on-time mortgage payments under their original interest rates, but missed payments after their rates reset, to refinance into FHA’s mortgage insurance program. Families with high-cost mortgages and mortgages that are due to reset, but are still current on their loan, also continue to refinance through FHASecure. This is a more viable option because FHA-backed loans are less likely to result in foreclosure.
For more information on this program, visit the website, www.FHA.gov
In the event that this program doesn't work for you, you may be in need of a 'short sale'. Contact me for details on how we can sell your property before it gets taken over by the banks.
KimTullis, your informative agent for life
404.437.9882
kimtullis@kw.com
Backed by the government, FHASecure is enabling homeowners who have a history of on-time mortgage payments under their original interest rates, but missed payments after their rates reset, to refinance into FHA’s mortgage insurance program. Families with high-cost mortgages and mortgages that are due to reset, but are still current on their loan, also continue to refinance through FHASecure. This is a more viable option because FHA-backed loans are less likely to result in foreclosure.
For more information on this program, visit the website, www.FHA.gov
In the event that this program doesn't work for you, you may be in need of a 'short sale'. Contact me for details on how we can sell your property before it gets taken over by the banks.
KimTullis, your informative agent for life
404.437.9882
kimtullis@kw.com
Comments