The time is now! FHA to raise premiums this April.

According to Housing wire, "The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund."  FHA to raise premiums!

The time is now to lower your rate, consolidate debt or buy your new home.   Act now

Having trouble getting a loan?

Credit.com says; "Capital One Not Accepting Low-Score FHA Mortgages" 

Capital One Not Accepting Low-Score FHA Mortgages | Credit.com News

 

"Despite reaching an agreement to begin originating loans designed to help borrowers with lower credit ratings obtain mortgages, one of the nation's..."

 

As the nations large banks refuse to help struggling Americans, Embrace Home Loans continues to offer hope for those who want to refinance or buy a home.

 

Times are tough, but there are still options for for Americans struggling with their finances.  I can work with borrowers down to a 620 credit score and want to help.  Follow the link below and send me some contact information and we can talk about your options. 

 

There is help.

Homeowners cutting terms while refinancing

According to Freddie Mac "Some 43 percent of refinancing borrowers choose a 15- or 20-year loan in the fourth quarter of 2011, the highest share since the early part of 2003" This shows americans are taking advantage of the low rates, reducing debt and focusing on saving.  SAVE 

Improving your credit score

Today so many things are tied to your credit score.  Some of the obvious situations are trying to acquire a home mortgage, personal or car loans but there are others that most people are not familiar.  Your credit scores are also factored into your car and home insurance premium, the interest on your credit cards and even if you will be accepted as a renter.  So how can you raise your scores and manage your credit?  There are many opinions on this but the simplest way to keep your scores from lowering is always pay your bills by their due date.  But if you can't meet that date, always make your payment so it's posted to your account within 30 days of that due date so you are not reported to the credit bureaus.  So even if you pay a late fee with our payment and you are within the 30 days you will most likely not be reported as late.  Check with your lender for their specific rules to confirm your terms and conditions.  Here are other techniques regarding credit cards that can help you raise your scores.  Surprising ways to save your credit scores

If you have any questions, I am here to assist.  davidl@embracehomeloans.com

David