The refi guidlines show up to 95% LTV so anyone who is not upside down on thier loan and who has made payments ontime for 12 months can refi into this. It seems to me that a lot of the issues with the subprime loan mess has been buyers who are unable to afford thier loans once the variable rate kicks in, well unless their home has dropped below the value of the loan (of if they have been missing payments already) why not just refi with an FHA?
Its definitley not an add as I sure have nothing to offer. I am seriously wondering. I was also unaware that only specific brokers were able to do FHA loans, which is fascinating.
Where can I find information about the income to loan requirmeent? For instnace, how much income would be required to borrow 0k on a 0k home?
Tags: 12 months, definitley, FHA Loans, FHA Refinance, ltv, refi, subprime loan, variable rate
This hairdresser that did this to you, not only made a very stupid mistake, but also acted very unprofessionally, like I say I don't know about the legal side, although i'd look into it, but definitley go and talk to the owner about it, ...