AVP/Sr Mortgage Originator
Alaska USA Mortgage AK#157293
Phone: (907)261-3458 Cell: 223-4440
License: NMLS Unique Identifier #203077
Just the Facts:
FHA Reform Takes Center Stage
Not long ago, FHA lending was just another government-sponsored program unworthy of political attention or media limelight. Now, with no less than three new reform initiatives, FHA is generating excitement, confusion, speculation, and even venom for political pundits and the media.
At YOU Magazine, we wanted to see what all the fuss is about – to put politics aside and objectively examine these reforms and the potential impact they may have on homeownership in America.
Fixing Broken ARMs
Do You Qualify?
Even if you do not meet these criteria, you should still contact a qualified mortgage professional because he or she can often provide you with other resources to help overcome your current challenges and reach your financial goals.
The House Takes Initiative
As the bill stands now, there are a number of significant changes that could dramatically impact home lending, including making FHA loan limits as high as $729,750 in high-cost areas, such as California and Florida. It's uncertain if the Bush administration will support the bill in its current form, but it has several features that could easily reshape FHA lending as we know it.
YOU Magazine turned to FHA expert Jeff Mifsud to highlight what this legislation could mean for borrowers in the future if this initiative is to pass in its current state:
Senate's Blueprint for Reform
Home buyers, home sellers, ARMs holders, and other borrowers looking to refinance, don't allow yourself to be overwhelmed by all of the information surrounding these initiatives. These are the facts. Print out a copy of this article and call your mortgage specialist today. Find out what opportunities are available to help you meet your financial goals.
License AK# 157293 Washington Consumer Loan Company license# CL-157293 California Residential Mortgage Lending Act, License# 4131067
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