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With the growing number of mortgage defaults by homeowners hit by large ARM resets or Homeowners simply unable to make their mortgage payments, the FHA has decided to step in and help homeowners out where they can. A new program called One of the main qualifications of a FHA Secure loan as an FHA mortgage refinance option is that you must have had good mortgage payment history prior to an ARM interest rate reset. But what if the rate reset has not caused you to fall behind on your mortgage, just on everything else (credit cards, car payment, etc.)?
Many of you are familiar with... Read More
