Plan FHASecure para Refinanciar su Mortgage

Mire si califica para el Programa de Congelamiento de Tasas de Interes

Si ya chequeo si usted califica para que le congelen la tasa y encontro que esta en el tercer grupo y por lo tanto lo que mas le conviene segun el plan del gobierno es refinanciar, esta seccion es para usted.

El gobierno le da opcion de acceder a una de las hipotecas aseguradas por el FHA (Federal Housing Administration). Cuando usted refinancia a una hipoteca asegurada por el FHA usted puede esperar pagos mas bajos que los ofrecidos por las hipotecas convencionales.

El Plan FHASecure es una opcion de refinanciamiento para propietarios de casas con buen credito y que habian estado haciendo sus pagos a tiempo antes de que los intereses se ajustaran pero que ahora pueden estar atrasados .

Efectivo en Marzo 6, 2008, el HUD ofrecera temporariamente presatmos FHA que van desde $271,050 a $729,750 (Limites). En Enero 2009, el maximo para los prestamos FHA volvera a ser $362,790, a menos que el congreso aprueve una ley bi-partidista para subir permanentement los limites de los creditos.

Quienes son elegibles:

Para calificar al FHASecure e incluir los pagos atrasados los propietarios deben cumplir los siguientes requisitos:
1. Tener una hipoteca ARM que ya se ha reset o ajustado la tasa de interes
2. Tener suficientes ingresos para hacer los pagos
3. Tener una historia de pagos a tiempo antes de que la hipoteca se ajustara.
Aquellos propietarios que no estan atrasados deben tener suficientes ingresos para continuar haciendo los pagos.

No olvide que el nuevo programa Hope for Homeowners que comienza el 1ero de Octubre del 2008 va a ayudar aun mas pues el banco debera perdonar los fees, penalties y hasta parte del principal si su casa ahora vale menos del lo que pago por ella. Para leer mas acerca del plan vaya a la pagina

Como Aplicar:
Puede hacer click en uno de nuestros ads para lenders o companias de mortgage aprobadas por el FHA, llamar al 1-800-CALL-FHA (1-800-225-5342) o al 1-888-995-HOPE o contactarnos llenando la forma en la parte superior para conseguir la lista de las agencias autorizadas para usar los programas del gobierno.

Recuerde que si necesita una lista de las agencias autorizadas para ayudarle en su ciudad puede llenar la forma e inmediatamente las va a ver .

Preguntas Frecuentes acerca de las Hipotecas FHASecure
(Informacion Oficial de la FHA)

How far behind can you be on a mortgage to qualify? What about more than 90 days?

There isn't a limit on how far behind you can be on your mortgage or how many payments you've missed. Whether you're current, one month behind or multiple payments behind, the amount you can refinance will depend on the value of your property and how much you owe and if the lender, or another eligible source, is willing to take back a second mortgage to help bridge the gap between what is owed and your home's value.

Must I be delinquent, and for a certain period of time, in order to be eligible for FHASecure?

No, and FHA encourages homeowners facing reset to refinance before they fall behind on their mortgage.

I have a fixed rate mortgage and have fallen on bad times. What about me?

Homeowners facing financial difficulties and unable to make their mortgage payments are strongly encouraged to contact their lender. Many lenders offer assistance to their borrowers to help them bring their mortgage current. Homeowners may also want to contact a HUD-approved housing counseling agency to find out about programs that may be able to assist them, especially if communication with the lender has broken down. To find a HUD-approved fill out the form and we will send you a list in your state.

I have an interest-only mortgage. Am I eligible for FHASecure?

So long as you are current on your mortgage, you are eligible for an FHASecure refinance. If you are delinquent, the default must have been due to the payment shock of an interest rate reset or, in the case of an Option ARM ( Adjustable Rate Mortgage ) , the "recasting" of the mortgage to fully amortizing.

Are there any programs for people already in foreclosure?

Yes, now you can apply to the Plan Life Line

What if I have a prepayment penalty and other refinancing costs and there isn't enough equity in my home for me to refinance?

If you do not have sufficient equity in your home to add your prepayment penalty and/or other refinancing costs into your new FHA mortgage, then you should ask your lender to consider a second mortgage to pay the difference or a short payoff on your existing loan. Offering either of these options is at the discretion of the lender.

What if the average home price is above the FHA loan limit for my area? Are the FHA loan limits changing for this program?

FHA's geographical loan limits and how much it can insure are established by law. Although the FHA insured mortgage cannot exceed those loan limits, when a lender is willing to combine a first and second mortgage, the amount of the second could exceed the maximum loan limit for your area.

Does it matter that the value of my home is now less than what I still owe?

Not to FHA but the mortgage lender considering the refinance would have to be willing to accept a short payoff on the existing loan OR to hold a second mortgage to make up the difference needed to pay off the existing mortgage and the home's value.

If I have first and second mortgages can both loans be included in FHASecure?

Yes, but only if the combined amount is within the FHA geographical loan limit. If the combined amount exceeds the FHA loan limit and/or the loan-to value limit, your lender could offer you a second mortgage to make up the difference.

How can FHA help homeowners stay in their homes?

FHASecure gives homeowners with non-FHA adjustable rate mortgages (ARMs) ( Adjustable Rate Mortgage ) , current or delinquent and regardless of reset status, the ability to refinance into a FHA insured mortgage. With FHASecure, the lender will not automatically disqualify you because you are delinquent on your loan, and the lender may offer you a second mortgage to make up the difference between the value of your property and what you owe, including standard refinancing costs.

Why should I consider refinancing into a FHA insured mortgage?

FHA insured mortgages do not allow for prepayment penalties, teaser rates or balloon payments. They are offered at market rate with terms up to 30 years and are fully amortized, meaning that you pay towards principal and interest every month.

Is this program going to help people who shouldn't have gotten a home loan in the first place?

People will still have to qualify for a FHA insured mortgage, based on their capacity to make the monthly mortgage payments. Unfortunately, those who shouldn't have gotten a home loan in the first place will not be able to qualify for FHASecure or other FHA refinancing options. They should contact their lender or a HUD-approved housing counseling agency for assistance ( Fill out the form and I will send you a list of the ones in your state).

Does this program help responsible people who pay their bills on time?

Any homeowner who is current on their mortgage can refinance to a FHA insured loan at any time if it makes financial sense for them to do so. And for those homeowners with non-FHA adjustable rate mortgages who are current but owe more than their home is worth, it is now possible for them to refinance into a more affordable FHA insured mortgage and the lender may execute a second mortgage at closing to pay the difference.

Remember that the government is creating many programs to help Homeowners in crisis. You should read the information we have about different programs ( the new ones are in on top in the main page) and also get help from one of the agencies approved by the HOPE alliance (fill out the form to see the list of them in your state. We will also contact you with others nationwide)