Do you have an adjustable rate mortgage that has reset and now you can't make your mortgage payment? Or have you been able to keep up with your mortgage, but that's about it? No other bills are able to get paid? Then FHASecure is the loan for you!
FHASecure is a refinancing option that can give credit-worth homeowners, who were making timely mortgage payments before their loans reset, a second change with an FHA insured loan product. This program is for borrowers who are either current on their loan or who may already be late.
To Qualify for FHASecure, homeowners wishing to refinance must meet the following requirements
Have a non-FHA insured loan that has reset:
Have sufficient income to make the mortgage payment; and
Have a history of on-time mortgage payments before the interest rate reset.
By refinancing into an FHA insured mortgage, a homeowner can expect lower monthly mortgage payments and the safety and security of an FHA insured product that offers default protection measures.
Additional benefits of FHA
No hidden fees or charges
No prepayment penalties
No confusing teaser rates
No unexpected interest rate increases
No balloon payments
Loan is assumable by a qualified buyer
Loan is insured by the US Government
Call today for a free pre-approval and let's get you out of your adjustable rate mortgage!
