Your FHA Secure Solution
President Bush supported HUD and the Federal Housing Administration when he announced the FHA Secure initiative recently. Read the announcement in the first link under Latest News in the column on the right.
Who needs this web site
Here are really two groups who need this web site.
The most important group: Buyers who purchased a home two or three years ago on an Adjustable Rate Mortgage (ARM), and not might have to deal with a rapidly rising mortgage payment. Read how the market got you in this horrible position and how we can help you through this mess.
The second group are those who need help buying a home or your FIRST home and cannot find the low (and no) -down-payment mortgages once referred to as sub-prime or non-conforming. They are mostly gone now but you still need to purchase a home. We'll tell you where to go for HELP!
What are the true cost of purchasing
For everyone buying a home, you need to know what your bank or mortgage broker is telling you and what he really means. The truth behind closing costs and pre-paid expenses and why it is imperative you know this information before you shop.
Cost information you need to know!
It is amazing how people purchase a home without knowing even the definition of many of the costs used by their broker and title or real estate attorney. These costs amount to about 4-5% of the cost of closing ($6,000 on a $150,000 home) and the buyer doesn't know what they are and the broker/banker is not going to tell them unless they ask. -Jeffery Hildebrand Real Estate News, Newsweek Magazine.