Monday, November 17, 2008

Loan Modification. We can Help save your home from foreclosure.

Loan Modification. We can Help save your home from foreclosure.

Many of you are scratching your head and wondering who to turn to in time of need. Facing foreclosure was the last thing on your mind a few years ago when your rate was low and your loan was still in a fixed rate. Now that your loan has adjusted, your payments went up, and the economy has caused you to make less money due to hours that were cut from your pay check -YOUR FACING FORECLOSURE- Well you are not alone there are many people across the USA that are in the same situation as you are in. All of this stress can be eliminated and you can save your home from foreclosure. Simply visit my website and learn how we are helping families in need just like you across USA that are facing foreclosure.

Mike Minichiello,
1-888-660-Mortgage
www.stopforeclosureacrossusa.com
www.fhasecuredloans.com

Monday, November 3, 2008

Still get Approved for a FHA Loan with low credit scores

In today's market it is getting harder and harder to get approved for an FHA Government Back Loan with all the new guidelines in place. You can still get an approval with low credit scores with compensating factors. When an Underwriter reviews a loan they look at all angles of how a borrower will be able to make their monthly payment for that new loan. The most important factor is your mortgage payment history. If you have a good mortgage history but had derogatory credit that is bringing your credit scores down then you most likely will qualify for an FHA loan. Even if you had late payments on your mortgage in the past you may still qualify for an FHA loan. If you had unfortunate event that happened to you and paperwork to back up the reason why you had a late on the mortgage you may still be able to qualify for an FHA loan. If your currently in an adjustable mortgage and you were in good standing with your mortgage before your loan adjusted you may still qualify for the FHA Secure program. Having reserves is another key factor in qualifying for an FHA loan. The more assets you have the more of a chance you will have getting approved for the FHA loan. Reserves is not a requirement but if your credit scores are lower than normal then this will help getting you approved. Again they look at how you will be able to pay that mortgage back and look at the benefit to the borrower. Please call me so I can look at your financial situation and see if I can get you approved for an FHA Loan.

Mike Minichiello,
Mortgage Integrity
1-888-660-Mortgage
http://www.fhasecuredloans.com/