Federal Housing Administration (FHA) Has 4 Major Loan Programs For Boise Idaho Borrowers

Four of the most visible single family housing programs that FHA offers are, Section 203(b), Section 234(c), Section 203(k) and Home Equity Conversion Mortgages (HECM) – Reverse Mortgages.
FHA Loan Type Highlights:
Section 203(b)
* largest of FHA’s single family programs
* 1-4 unit properties are eligible
* flexible credit requirements
* 3.5% down payment allowed
* down payment may be a [...]

Oregon FHA Streamline Refinance Offers Lower Payment/Interest

Would you like your Oregon FHA mortgage payment to be smaller? Would you like to be paying less interest on your Oregon FHA loan? An Oregon FHA Streamline Refinance is the answer.

Is refinancing to lower your rate in your best interest?

To find out if refinancing is in your best interest you will need to do some math. You will want to calculate the net benefit of refinancing. In the article we are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate. It can be a challenging task if you do not [...]

Four Possible Reasons To Refinance

A mortgage is generally the largest debt most homeowners have to manage.  It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year.
Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common.
1.  Mortgage Rates Drop:
Typically, the most common reason [...]

Should I Refinance or Get a HELOC For Home Improvements?

For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance.
According To Wikipedia:

A home equity line of credit is a loan in which the lender agrees to lend a [...]

Calculating The Net Benefit Of A Refinance Transaction

Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate.
Although there are several reasons to refinance, lowering your mortgage rate to save on interest payments over the [...]