New Housing Rescue Program - Help for homeowners with problematic subprime loans

Latest news from DLoanWiz

08/14/2008

Hold on to your pens and bring out the loan applications, Oct 1 marks the effective date fornewFHA loan limits,FHA Foreclosure Rescue plans, tax credit to homebuyers,neighborhood revitalization plans and other real estate related plans. The big news for many is the fact that homeowners are able to refinance out of problematic subprimeadjustable loans into FHA 30 year Fixed Home Loans. This new reform will save thousands of homeowners facing foreclosure to stay in their primary residence, and refinance up to 90% of the CURRENT APPRAISED VALUE! wow thats like buying back your home for 90% of the current market price, WHAT A DEAL!!!, but wait, you have to be willing to share ALL future house appreciation with FHA whenyou refinance or sell the home, still a good deal but this is one of the facts that you have to be aware of going into the deal, many people won't care, bring it on, but for others it may be a deal breaker. I say, its still a great deal, itgives homeowners new hope to those facing financial difficulty and itkeeps you in the home and into a new stable FHA loan. We arecommitted to our clients and providingmortgage education programs, personalized quality loan programs includingconventional, FHA and VA Loans. Call321.202.3872 and ask how you can get your FREEappraisal.