Does Obama Know Something We Don’t About the Economy?

I read a TON of Economic Newsletters, watch CNBC, and Congressional hearings… I’m an economic junkie who misses Louis Rukeyser!  I’m always looking to see if I can figure out which way rates are headed. So when the President came on the news this week to announce that the war in Iraq was over, and [...]

FHA Streamline Refinance When You Do Not Occupy Property

FHA allows you to Streamline Refinance when you do not occupy property.  This was actually news to me, because we always tell folks that FHA is ONLY for use as a Primary Residence! So we have a borrower who owned a home in Ohio (financed via FHA), moved to NC – but could not sell [...]

FHA Refinance

Okay – so here’s something that will stump the loan officer.  You bought a property in Feb. of 2008.  You got a Heck of a Deal – and you purchased the home for $237,000.  The appraisal in February was for $245,000 (and the appraiser thinks it’s worth more now).  The loan in February was a [...]