http://easybankruptcymortgage.com/content/blog.htmEasy Bankruptcy Mortgage Bloghttp://easybankruptcymortgage.com/content/refi-fhasecure.htmHUD has recently announced a refi-fhasecure program designed to help consumers who have fallen behind on their recently adjusted loans. This refi-fhasecure will allow a consumer to roll up to 6 months past due payments into a new refinance loan as long as they qualify. We will be taking a look at the refi-fhasecure program parameters available to the public and explain who exactly can qualify for this loan.http://easybankruptcymortgage.com/content/fhasecure_loan_program.htmThe Federal Housing Administration will be installing a new program soon known as the "FHASecure" loan. This program is designed to refinance consumers who have fallen behind on Subprime ARM loans due to recent adjustments in the rate. The "Fhasecure" loan will help consumers keep their homes. For more information about this program, contact [fullname] at [phone] or [email].http://easybankruptcymortgage.com/content/bush_has_announced_the_fhasecure_initiative.htmRecently, President George Bush announced the FHASecure Initiative. This is an FHA-Insured loan program designed to help consumers who have fallen behind on mortgage payments due to their mortgage payments adjusting upward. Many consumers who have purchase or refinanced in the last 5 years did so with an adjustable rate mortgage(ARM). Many consumers are finding it difficult to afford the new, higher adjusted payments.http://easybankruptcymortgage.com/content/fha_streamline_refinance.htmFor a normal refinance, you must qualify for the loan and provide all of your income, banking, credit, and liability information as well as an appraisal. If an FHA streamline refinance is done without a property appraisal, the new loan amount cannot exceed the original loan amount. The FHA streamline mortgage programs are considered to be the best as they have minimum paperwork and no hassles. http://easybankruptcymortgage.com/content/buying_a_house.htmWhen buying a house many consumers are confused by where they should start. Should they begin by going to a Realtor or should they begin by going to a mortgage professional or mortgage broker? When buying a home it is usually better off to start with a mortgage professional or mortgage broker to get pre-approved first. This not only shows people that you are a serious buyer and you have the buying power to buy now, but it also gives you an idea as to how much of a home you are approved to buy so that you know what price range you should begin looking in.http://easybankruptcymortgage.com/content/arm_rate_adjusted.htmIf your ARM rate adjusted recently, you are one of the millions of Americans who has a mortgage payment that just increased. Fortunately, in most cases there are loan programs you can qualify for that offer the stability of a fixed monthly payment. Many of the following programs or products can help you on your way to getting rid of your current adjustable rate loan program.http://easybankruptcymortgage.com/content/subprime_arm_refinance_help.htmThroughout the late 90's through 2007 many first time home owners and current home owners used Sub prime ARMS to either purchase or Refinance their homes. Many of these home owners are now facing mortgages that have hit there adjustment date and are difficult or impossible to pay.http://easybankruptcymortgage.com/content/va.htmDepartment of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.http://easybankruptcymortgage.com/content/no_cost_refi.htmNowadays, it seems one cannot watch an entire news broadcast on TV without seeing a "No Cost Refinance" advertisements. What is "No Cost Refi" and is it better than mortgage home loans with traditional settlement costs? Regardless of the type of home loans, there will always be closing costs. Title companies will always charge for their title works and county recorders will always charge recording fees. "No Cost Refi" loans are "no cost" only in the sense that these costs do not come directly out of the borrower's pocket. The costs, however, are paid indirectly with higher interest rates. In most cases, the benefits of "no cost" mortgage loans do not justify the high cost of high interest rates.http://easybankruptcymortgage.com/content/hard_money.htmHard Money lending is popularly used by individuals who do not fit within the parameters of the conventional lending industry, or whose needs are highly specialized. Hard Money loans are often referred to as hard equity loans, because unlike a conventional mortgage, which focuses primarily on the credit score and mortgage history of the applicant, a hard money loan is focused primarily on the equity you have in the property.http://easybankruptcymortgage.com/content/fha_lending_in_the_state_of_florida.htmFHA mortgage loans are an excellent source of financing in the State of Florida. FHA loans are a government insured loan that tends to be a little more lenient credit-wise than traditional Fannie Mae financing. With purchase money financing with just 2.25% down and cash-out refinancing up to 95% of the value of your home, FHA mortgage financing may be your best loan choice. FHA financing also allows gift funds as the down payment for purchase money transactions. Contact your mortgage professional at [phone] or via e-mail at [email].http://easybankruptcymortgage.com/content/fha_refi.htmThe Federal Housing Authority's insured loan programs offer many benefits to consumers looking to refinance their homes. Although most people think of first time homebuyers when they hear about FHA loan programs, FHA loans can be a great loan programs for refinancing as well. The next few paragraphs will review many of the ways an FHA refinance can help you.http://easybankruptcymortgage.com/content/deficiency_judgment.htmA deficiency judgment is the result of a judicial foreclosure, the process by which a lender takes you, the borrower, to court in an attempt to receive a judgment for the amount that they claim you owe them above and beyond the principal and interest you owe on your loan.http://easybankruptcymortgage.com/content/mid_500_credit_scores.htmThere are many home loan programs available out there for people with credit scores, or fico scores, in the mid 500 range. The mid 500 range consists of credit scores from anywhere between 530 and 570. Some of the programs that are available for credit scores are listed throughout this page.http://easybankruptcymortgage.com/content/economic_data_and_mortgage_rates.htmEach day, Prime or A paper mortgage rates tend to fluctuate a little bit. There is a positive correlation between the change in mortgage rates and the yield of the 10 year Treasury Bond. Each day economic data is released that affects the yield of the Bond Market, and thus also has an affect on mortgage rates. Most of the economic data are inflationary indicators; and mortgage rates tend to drop when inflation is being held in check. We will take a look at some of the various economic indicators that are released regularly that can influence mortgage rates.http://easybankruptcymortgage.com/content/credit_after_bankruptcy.htmNot all creditors react the same way to bankruptcy, but your credit will be hurt. This does not mean that you will not be able to obtain credit. A mortgage professional can advise you on what credit you need to get a mortgage after bankruptcy. http://easybankruptcymortgage.com/content/getting_a_mortgage_after_a_bankruptcy.htmTraditional mortgage financing dictated lending after seven to ten years after a bancruptcy. Today, a mortgage can be obtained after only 1 day from release.http://easybankruptcymortgage.com/content/chapter_13_bankruptcy.htmChapter 13, also called a “wager earners” plan, allows an individual with regular income to submit a plan to the courts for repayment of debts, usually over a period of three to five years. Most importantly, Chapter 13 allows you the opportunity to keep your home, potentially saving it from foreclosure. In fact, in most cases, filing under Chap. 13 can stop a foreclosure already in process. http://easybankruptcymortgage.com/content/how_long_after_bankruptcy_can_i_get_a_mortgage.htmIf you have had a discharged chapter 7 or chapter 13 bankruptcy recently you can still qualify for a mortgage to refinance or buy a home. There are even mortgage programs availible for borrowers who are one day out of bankruptcy discharge. Most if not all of these bankruptcy mortgage programs are availible fro sub prime lenders and will need to be originated through a mortgage broker.http://easybankruptcymortgage.com/content/rebuilding_your_credit_after_bankruptcy.htmAfter your bankruptcy is discharged, your credit scores will fall dramatically. However, there are ways to rebuild credit and increase your scores. One of the best methods is to obtain a secured credit card. These cards are fairly easy to obtain and are available through most major banks. Banks will generally allow you to open a secured credit account with a minimum of $500.00.http://easybankruptcymortgage.com/content/how_to_rebuild_your_credit_after_a_bankruptcy.htmAfter your bankruptcy is discharged your credit score will fall dramatically. There are however ways to rebuild credit and increase your score quite easily. One of the best methods is a secured credit card. These cards are fairly easy to obtain and are available through most major banks. Rent to own centers often report to the credit companies and are another great way to rebuild your credit. Just be sure to keep the payments manageable to avoid repeating the financial problems you are trying to recover from!http://easybankruptcymortgage.com/content/post_bankruptcy_credit_rebuilding.htmDuring bankruptcy your credit will be damaged from creditors updating account status as "account included in bankruptcy" These accounts will all have an unpaid balance. The first step in increasing your score after your bankruptcy is discharged is to update these balances with zero. Send out letters to the agencies indicating "included in bankruptcy, change balance to zero". Your score will increase for each account with this status change.http://easybankruptcymortgage.com/content/nevada_million_mortgage_loan.htmNevada homeowners may qualify for $2MM to $40 Million Mortgage loan financing options to help purchase or refinance residential property, even investment properties and second homes.http://easybankruptcymortgage.com/content/maryland_million_mortgage_loan.htm$2MM to $40 Million Mortgage loan programs are available throughout Maryland and the Washington DC area