A HomePath Mortgage may be a better option than an FHA mortgage. A HomePath Mortgage only requires 3% down whereas an FHA mortgage can require 3.5% down. There is no PMI insurance on a HomePath Mortgage. An FHA mortgage has mortgage insurance as well as a 1.5% funding fee up front ouch. There is no appraisal required for a HomePath loan.
Home Path mortgage information
Showing posts with label fha mortgage. Show all posts
Showing posts with label fha mortgage. Show all posts
Wednesday, April 29, 2009
HomePath Mortgage vs. FHA Mortgage
Monday, December 8, 2008
Are you upside down on your mortgage in Arizona?
Are you upside down on your mortgage in Arizona? You may have a great option if you have an fha loan. If you have an fha loan and you are upside down you can do what is called an fha streamline refinance. You do not even need to provide pay stubs or bank statements to be able to qualify for this loan. An FHA streamline refinance is one of the few loans that you do not even need to to an appraisal.
If you are interested in an FHA streamline refi call 1-888-368-6668. It could just very well save you from foreclosure and give you a much lower mortgage payment.
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