October 8 2008, a day in history…In an emergency move led the United States we had a worldwide rate cut. For the first time in history and with unprecedented coordination the Fed, ECB and other central banks got together to battle a weakening global economy. The Fed cut rates a half a point to bring the Fed funds rate to 1.5%.  This kind of rate cut will have a serious effect on mortgages backed by our prime rate and London’s Libor, freeing up a massive amount of consumers month-to-month cash flow. Experienced Real Estate investors will be able to take advantage of these lower interest rates and buy up already heavily discounted properties.  Over the last week rates on Conforming and FHA loan products have already dropped drastically, helping consumers qualify for new mortgages that otherwise would have not. These low rates may only be temporary but we sure do appreciate them and advising our clients to try to take advantage of them.

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Investment Grade Contract Funding Funding can be used for purchase or development of any real property

Florida Mortgage Refinancing

Thinking of refinancing?

An FHA mortgage refinance can be a great way to refinance in today’s new world of mortgages.

For your years conventional mortgages backed by Fannies and Freddie have ultimately been your best bet but with the recent down turn in the market it has become tough to get approved. An FHA mortgage refinance. May have a slightly higher rate in some cases but with manual underwriting we have seen. Borrowers get approved with a credit score in the 500’s.Good news for you mortgage borrowers that have less then perfect credit.

Although you don’t need a perfect credit score to get a mortgage you do need to have qualifying income.

FHA Refinance Mortgage

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Florida Mortgage Refinancing

Refinancing your mortgage has become a difficult task today, either your credit is not what it was or the value in your home is just not there. We understand what it means to “refinance Mortgage” we have been refinancing mortgages for over 20 years and have been through many types of mortgage refinancing times.

People refinance for many reasons and it is OK to do so but people tend to refinance their mortgage with the wrong mortgage product and it can usually cost them thousands in unnecessary interest. Our “mortgage planning” division will help you choose the right mortgage that best suits you and your needs. A simple thing like placing your loan with the right mortgage loan program for your refinance can save you a half point in the rate.

The problem in today’s world is a lot of the mortgage brokers that are still in the industry do not know how to use automated underwriting systems to get the better rate and program. They rely on old manual underwriting that requires much more time and efforts and in most cases resorts to a higher rate because of the extra risk and work that is provided.

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Investment Grade Contract Funding Funding can be used for purchase or development of any real property

Florida Mortgage Refinancing

We are working on providing the best available loan programs for a “Orlando Refinance” to the people of Orlando.

For Great rates and customer service on your next “Orlando Refinance” call us at 1-866-938-0550 and allow one of our mortgage consultants explain to you all the Orlando refinance mortgage options you have available to you.

As far as some of the programs you will have available to you would consist of Orlando reverse mortgages, Orlando FHA Home loans, “Orlando Refinance” programs, Orlando Home Purchase Loans, Orlando Commercial Loans, Orlando Debt Consolidation Loans, Orlando Home equity Loans, Orlando Debt relief Programs, Orlando First Time Home Buyer programs, Orlando Debt Consolidation Loans and Orlando mortgage planning.

“Orlando Refinance” is a great way for you to pull out cash to consolidate credit card debts, medical bills or even combining a first and second mortgage so that you have one low mortgage payment at 30 yr fixed rate.

Get a Florida Title Insurance Quote and Save on your next closing

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Investment Grade Contract Funding Funding can be used for purchase or development of any real property

Florida Mortgage Refinancing

Get a Florida Title Insurance Quote and Save on your next closing

Try Stock Market Trading Strategy for great winning stock signals

Investment Grade Contract Funding Funding can be used for purchase or development of any real property

Florida Mortgage Refinancing

Bush Signs Housing Bill

Associated Press
July 30, 2008 8:32 a.m.

WASHINGTON — President George W. Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling U.S. homeowners and to stabilize financial markets.

Mr. Bush signed the bill without any fanfare or signing ceremony, affixing his signature to the measure he once threatened to veto in the White House’s Oval Office in the early morning hours. He was surrounded by top administration officials, including Treasury Secretary Henry Paulson and Housing Secretary Steve Preston.

“We look forward to put in place new authorities to improve confidence and stability in markets,” White House spokesman Tony Fratto said. He added that the Federal Housing Administration would begin right away to implement new policies “intended to keep more deserving American families in their homes.”

The measure, regarded as the most significant U.S. housing legislation in decades, lets homeowners who cannot afford their payments refinance into more affordable government-backed loans rather than losing their homes. It offers a temporary financial lifeline to troubled mortgage companies Fannie Mae and Freddie Mac, and tightens controls over the two government-sponsored businesses.

The House of Representatives passed the bill a week ago; the Senate voted Saturday to send it to the president.

Mr. Bush didn’t like the version emerging from Congress, and initially said he would veto it, particularly over a provision containing $3.9 billion in neighborhood grants. He contended the money would benefit lenders who helped cause the mortgage meltdown, encouraging them to foreclose rather than work with borrowers. But he withdrew that threat early last week, saying hurting homeowners couldn’t wait — and even blaming the Democratic Congress’ delays in action for forcing an imperfect solution.

Meanwhile, many Republicans, particularly those from areas hit hardest by housing woes, were eager to get behind a housing rescue as they looked ahead to tough re-election contests. Mr. Paulson’s request for the emergency power to rescue Fannie Mae and Freddie Mac helped push through the measure. So did the creation of a regulator with stronger reins on the government-sponsored companies, which Republicans have long sought.

Democrats won cherished priorities in the bargain: the aid for homeowners, a permanent affordable housing fund financed by Fannie Mae and Freddie Mac, and the $3.9 billion in neighborhood grants.

Copyright © 2008 Associated Press

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Investment Grade Contract Funding Funding can be used for purchase or development of any real property

Florida Mortgage Refinancing