February 2013

FHA Getting Even Uglier

February 25, 2013

Back in 2008 the FHA mortgage program was an oasis in the desert. While other mortgage programs were dying off or tightening guidelines, FHA was holding steady and still allowing people to get into a home with just a 3% down payment, cheap mortgage insurance, and low interest rates. In my personal business here in Utah there was a time […]

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Thoughts About a 15 Year Mortgage

February 22, 2013

In this article I would like to take a serious look at the advantages and disadvantages of the 15 year mortgage. I am not going to say that it is better or worse than the 30 year mortgage, or an ARM for that matter, but I do believe there are situations where it does and […]

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Foreclosure Prevention Basics

February 22, 2013

Unless you have been living under a rock than you have probably heard about the millions of homeowners that have lost their homes to foreclosure over the past few years. It’s a very sad thing and it’s scary to think that you could lose your home to the bank if you can’t make your mortgage […]

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