Posted on 29 June 2008
SCRA – Military Servicemembers Civil Relief Act (SCRA) SCRA provides a wide range of protections for individuals entering, called to active duty in the military, or deployed servicemembers. It is intended to postpone or suspend certain civil obligations, like foreclosures, to enable service members to devote full attention to duty and relieve stress on [...]
Tags: SCRA, SCRA – Military, Servicemembers Civil Relief Act
Posted on 29 March 2008
FHASecure is a refinancing option that gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. I you have an adjustable rate mortgage, or an interest-only, that you cant afford it solely because of the increase in interest rate this [...]
Tags: FHA, FHASecure
Posted on 25 February 2008
The HECM FHA insured reverse mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. The loan, commonly known as HECM, is funded by a lending institution [...]
Tags: FHA, HECM, Reverse Mortgages