A HomePath Mortgage may be the way to buy your first home

I'm not a big advocate of going into debt but buying a home to me would be an exception. You have to live somewhere and if you are not independently wealthy you will probably have a monthly housing payment. A HomePath Mortgage has many advantages.

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

FHA Raises Loan Limits, help may be on the way to the Real Estate Market

The Fha loan limits have been raised. In Maricopa County they went from $270,000 to over $346,000. This should more people be able to buy more expensive properties. I think the next step is to raise conforming loan limits as well as allow people who have a good payment history to refinance even if they are upside down. President Obama seriously needs to take a look at this as well as bringing back some of the down payment assistance programs like Ameridream.

How Do I Refinance My FHA Loan?

How Do I Refinance My Fha Loan? The easiest way to refi your fha loan is to do an fha streamline refinance. You do not even need to provide income or asset documentation. Your credit is not a factor in an fha streamline refinance. You can even have horrible credit and still qualify. There is no appraisal ordered. An fha streamline refi is basically a no doc loan.

For more information on fha streamline refinance call toll free 1-888-368-6668.