Posted on Thursday, 22nd April 2010 by Anna Kulbinski

Thomas “Ed” Michler, Loan Officer Arizona Wholesale Mortgage ed@valleyloans.net Cell:  (602) 680-9670 FHA has new guidelines that will affect homeowners who are short selling their home. Below is an explanation of how and whom these changes will affect. Actual language from the FHA Guidelines in red:        Borrowers are not eligible for a new FHA mortgage [...]

Tags: FHA short sale guidelines, New FHA Guidelines, phoenix home loans, phoenix mortgage brokers, phoenix short sales
Posted in Buyers, Mortgages, New FHA Guidelines, Sellers, Short Sales | Comments (0)

Posted on Saturday, 27th March 2010 by Anna Kulbinski

Thomas “Ed” Michler, Loan Officer Arizona Wholesale Mortgage ed@valleyloans.net Cell:  (602)680-9670 In February, Anna Kulbinski wrote a brief explanation of the new FHA Guidelines.  Below the changes are explained in more detail and explained how these changes will affect home buyers. So, what do these changes mean to you? Increased mortgage insurance. The mortgage insurance [...]

Tags: New FHA Guidelines, phoenix fha loans, phoenix mortgage brokers
Posted in Buyers, Mortgages, New FHA Guidelines | Comments (0)

Posted on Saturday, 27th February 2010 by Anna Kulbinski

There is no better time than now to purchase your Phoenix home. Not only the buyer tax credit is due to expire on April 30, 2010, but FHA has additional changes not exactly beneficial for the buyer going into effect. On January 20, 2010, FHA announced some significant changes: The up-front mortgage insurance premium (MIP) [...]

Tags: home buyer tax credit, New FHA Rules, phoenix fha loans, phoenix real estate, Phoenix Realtor
Posted in Buyers, Mortgages, Various | Comments (1)

Posted on Tuesday, 19th January 2010 by Anna Kulbinski

In an attempt to help stabilize the real estate market, FHA has waived the 90 day flipping rule “temporarily”.  The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise extended or withdrawn by the FHA Commissioner. To protect FHA borrowers against predatory practices of “flipping” where properties are [...]

Tags: 90 Day Flipping Rule, FHA, HUD
Posted in Mortgages, Sellers | Comments (1)