Stop Foreclosure Florida
- Refinance Into a FHA Secure Home Loan
STOP YOUR FLORIDA FORECLOSURE!
If your ARM loan has reset to a higher rate,
we can help.
The FHA plans on helping 250,000 homeowners
at risk, are you one of them?
Refinance with FHA even with late payments
or apply online
to save your home
Stop Foreclosure with a Florida FHA
mortgage refinance loan
The Florida FHA Secure Progam:
- Don't give up, refinancing is available
- The FHA wants to stop your foreclosure
- New guidelines allow late payments
- No limit on delinquency after adjustment
- 250,000 homeowners may benefit
- Intended for people with ARM loans
- Florida maximum FHA loan amount is $362,760
or apply online
to get started.
"We are helping homeowners stop foreclosure
and we can help you too."
Are you tired of hearing all the negative
press about the real estate market in your area? Bad
mortgages and foreclosures take center stage in the local
news as well as what kind of regulation the government might
try to put on lending institutions. Well, it is time to show
that there are still a lot of positive things happening
even as the market gets worse.
The major contributing factor to the current
mortgage mess is this. A few years ago, mortgage lenders could
sell 2yr Fixed 28yr ARMs (adjustable rate mortgages) on the
2ndary market and make a killing. This type of ARM was traditionally
sold to real estate investors and sub prime borrowers.
The idea behind the 2 year fixed ARM was to
offer it instead of the more expensive 30 year fixed rate
mortgage to a low qualifying borrower in order to get a lower
rate. This would give the borrower some time to get their
credit and finances back on track in order to qualify for
better financing programs in the future.
This became a problem when the loan officers
would just close the deal and move on without helping the
borrower move into better permanent financing. Borrowers would
often miss the opportunity to improve their credit standing
during the first two years. When the note adjusts, the borrowers
7% sub-prime rate and low payment could jump to 15% and the
borrower gets stuck and has to make a tough choice, pay the
necessities or pay the mortgage.
We do not believe that the lenders built the
2/28 ARM as a full solution for borrowers. It is really just
acting as a Band-Aid loan program for people who were in the
sub prime market or for real estate investors who could get
a lower rate knowing they would sell the property or refinance
it for cash out in a year or so. One way or another, the idea
was to get rid of the 2 2/28 ARM for more stable financing.
There is hope and a plan for everyone
who has a high interest rate or has a ARM loan that is adjusting.
We get phone calls from people everyday. "Help my mortgage
payment has doubled and I am 3 months behind."
We are helping people keep their homes and we can
help you too.
The FHA recently introduced FHA Secured financing.
This new program was designed specifically to help people who are
late on mortgage payments. Yes, even if they are late on their mortgage,
they will still be able to get financing! It gets even better, if
they are running late on their mortgage and are upside down (meaning
the mortgage balance is higher than the home value), this product
can allow the current lender to FORGIVE A PORTION OF THE PRINCIPAL
LOAN BALANCE OWED!!
A few of my borrowers who got low rate ARMS are now into 30 YR fixed
mortgage since they made their payments on time.