http://www.mortgageloanplace.com/lending-guide Mortgage and Refinancing FAQ's - Your Questions Answered Fri, 17 Apr 2009 19:47:14 +0000 http://backend.userland.com/rss092 en For many homeowners, the choice between expanding their current home and buying a new one is difficult. Financing it can be a hassle in this economy. But have you considered the benefits of a surety bond? In efforts of keeping roots planted, many homeowners eventually decide to renovate their ... http://www.mortgageloanplace.com/lending-guide/home-mortgages/choosing-surety-bonds-for-your-home-renovation If you are I the market for a new home have you considered the potential for possible future flood damage to the property? For those veterans using the VA Home Loan Guarantee Program, it is required by the VA for the buyer to pay the fee for a determination ... http://www.mortgageloanplace.com/lending-guide/home-mortgages/is-your-va-home-in-a-flood-zone When it is time for a person to purchase a home many things need to be considered in order for it to be affordable.  The largest expense for an average family is their housing costs.  When you purchase a home it will probably be the largest purchase you will ever ... http://www.mortgageloanplace.com/lending-guide/home-mortgages/what-mortgage-payment-can-you-afford Sometimes changes in life could force you to sell your home.  The loss of a job, illness, disability, divorce, or other factors could make it impossible to keep your home.  The FHA has various suggestions for how to sell your home in the case that you need to sell quickly ... http://www.mortgageloanplace.com/lending-guide/refinancing/more-on-fha-refinancing-and-avoiding-foreclosure If you run into unexpected hardships and are unable to make a mortgage payment, the first thing you should do is to contact your lender.  They want to help you get caught up with your loan payments and have various programs to help. Some of the ways in which you can ... http://www.mortgageloanplace.com/lending-guide/fha-loans/lender-programs-to-help-you-keep-your-home When you are in the market for a home loan it is exciting to see an offer for a $200,000 mortgage for only $700 per month!  The problem is that these rates don’t last for long.  Many people have been lured into taking out a mortgage to purchase a home ... http://www.mortgageloanplace.com/lending-guide/fha-loans/ignore-teaser-rates-learn-about-fhasecure Many people purchase homes that tie them to all of the responsibilities that come along with homeownership.  Renting a home allows you the freedom to pay a monthly rental fee and not have to worry about other maintenance problems that the owner needs to keep up with.  However, owning a ... http://www.mortgageloanplace.com/lending-guide/home-mortgages/better-to-rent-or-own-a-home With the announcement by HUD that the FHA will begin using a risk-based structure for mortgage insurance, many are wondering what will change. Currently, FHA borrowers are assigned the same mortgage insurance amounts regardless of the risk they pose to lenders. For a 30-year fixed-rate mortgage, borrowers must pay a ... http://www.mortgageloanplace.com/lending-guide/fha-loans/risk-based-premiums The news outlets have been abuzz since Friday’s announcement by the president about a new program called FHASecure. So just what is this product that is supposed to save Americans from the sub-prime fiasco? FHASecure is a new refinance option that is being offered to borrowers who have a good credit ... http://www.mortgageloanplace.com/lending-guide/fha-loans/what-is-fhasecure An Alt-A loan, also called an alternative documentation loan, is a loan that holds borrowers with good credit to different approval standards than traditional loans. Those applying for an Alt-A loan need not provide income verification or documentation of assets. Instead, the approval for an Alt-A loan is based primarily ... http://www.mortgageloanplace.com/lending-guide/fha-loans/what%e2%80%99s-an-alt-a-loan