New Mortgage Limits Create Better Choices and Options for First Time Homebuyers
Mobile, AL (ContentDesk) February 22, 2006 -- First time home buyers should seek out mortgage companies offering FHA loans. Favorable long term forecasts and Down Payment Assistance are more readily available. The interest rates on FHA loans are consistently less than sub-prime loans, but more importantly, FHA requires lenders to work with their borrowers that are unable to pay their monthly mortgage rates", according to Joel Pate, Chairman of American Family Funds, Inc. (AFF). Because of rising home prices, many first time home buyers have been forced to into sub-prime loans that are actually less beneficial to them than loans provided by the Federal Housing Administration, according to Pate.
AFF, which provides details at www.AmericanFamilyFunds.com, is a leading provider of Down Payment Assistance to home buyers throughout the United States.Effective January 1, 2006, the Federal Housing Administration (FHA) has increased its single-family maximum mortgage limits by more than 15 percent to $172,632 in standard areas and $312,895 in high cost areas.'The Bush Administration is working to make homeownership more affordable and accessible so that more families can afford the American Family Dream of Homeownership," said Pate.
By allowing home buyers the opportunity to purchase a home utilizing Down Payment Assistance, and with the determination to raise maximum loan amounts as markets increase, the FHA is making significant strides in making that dream possible for many first time homebuyers."According to industry statistics, divorce, job loss, and health related issues are the top reasons home owners fall behind on their mortgage payments. 'Through FHA's Mandatory Loss Mitigation Programs, lenders are required to provide Forbearance on loan payments to homeowners in situations that are beyond their control.
This requirement can be thedifference between a first time buyer keeping their home and foreclosure", adds Pate. www.AmericanFamilyFunds.com offers Down Payment Assistance through leading FHA lenders, realty agents, and select builders.
About American Family Funds, Inc.AFF, the administrator for The Dove Foundation, a 501(c)3 non-profit charity, is the nation's leading provider of Down Payment Assistance on FHA related transactions.
The Dove Foundation is the only ministry in Mobile, AL that feeds the homeless six days a week.
They served over 90,000 meals in 2005.Contact:
Tina Houston, Regional Manager
Address: 851E. I-65 Service Road South, Suite 304, Mobile, AL
36606Phone:
888-869-0420 xt 101
Fax: 251-344- 9725.
Exciting New Appointment for My Payday Loan
The company, which operates three other payday loan brands in addition to My Payday Loan: Month End Money, PayDay UK, and Payday Store; is joined by Nick Auchincloss as Head of Corporate Development.
Nick has joined the team to explore new avenues and business opportunities for the company within the short term loan and financial markets. A former Sales Manager at leading UK loan company, HFC Bank plc and FX brokers, Exchange Direct plc, he has recently project managed sponsorship programmes for organisations including the Ministry of Defence, Playmobil, LEGO and Coca-Cola. He has also consulted on a number of projects within the payday loan industry itself.
Nick explains how this varied experience will help in his new role: "I've been lucky to have had some great opportunities in the past and joining MEM will allow me to make the most of the skills I've learnt. In my previous roles I've worked in both business to business and business to consumer...
Loans > Exciting New Appointment for My Payday Loan
ACFS Launches New Interest Rate Reduction for Student Loan Holders
American Collegiate Financial Services (ACFS) is now offering a variety of interest reducing programs through their Federal consolidation loan program.
Student loan holders have the option of consolidating their Federal student loans upon graduating, leaving school or dropping below half-time enrollment.
Consolidating allows the borrower to obtain a fixed interest rate, lower monthly payments and take advantage of interest rate reduction programs.Interest rate reduction programs are incentives for automated and on-time payments.
The standard throughout the consolidation industry has been a 0.25% reduction for ACH, an automatically withdrawn payment from a checking or savings account and a 1.00% reduction for making 36 or 48 consecutive on-time payments.
"Unfortunately, borrowers planning to pay their loans off in a few years cannot fully benefit from the 1.00% reduction after 36 months because it takes at least three years to qualify," stated John...
Loans > ACFS Launches New Interest Rate Reduction for Student Loan Holders
Multi Family Property Living
Loans > Multi Family Property Living
Cheap Payday Loans are Available For Bad Credit Borrowers
Are you short of cash at the middle of the month?
Hesitating to think about payday loan due to your bad credit score?
Let me assure that your hesitation is completely pointless, as your bad credit score does not hinder you to avail a payday loan.
It's true that due to bad credit score borrowers generally face some harassing situation at the time of availing loans. But bad credit payday loans are available in loan market to solve bad credit borrowers' cash crisis.
Normally, the availability of bad credit payday loans is not so tough. One can get easy approval for these loans from almost all borrowers. At the time of providing payday loans, many loan lending companies do not check whether the borrower has bad credit score or not. But, there are some pre-requisite criteria that a borrower has to meet to avail a bad credit payday loan.
These are like; the borrower should be 18 year or above, he should be employed...
Cheap Payday Loans are Available For Bad Credit Borrowers
Loans > Cheap Payday Loans are Available For Bad Credit Borrowers
Low Rate Debt Consolidation Enjoy The Benefits
Debt consolidation is one of the tools of debt management. It allows people to manage their debts properly.
Debt consolidation allows the borrowers to borrow one single loan instead of a number of loans from different people and then pay them at a reduced rate of interest.
Following example will make it clear as to how Low rate Debt Consolidation Loans can help any borrower. A man has taken three different loans from three different creditors for purposes of wedding, home improvement and for business purposes respectively. But unfortunately his income now has not been up to what he expected. Hence, the borrower is not able to cope up with the requirements of that loan.
That is where the low rate debt consolidation loans can help the individual. By taking the low rate debt consolidation loan the individual can unite all his dues and convert...
Loans > Low Rate Debt Consolidation Enjoy The Benefits
Personal loans - to make a personalized financial agenda
The phrase ?tailor-made' ought to be made for personal loans. Personal loans have become relatively easy to acquire in UK. More and more loan providers have come forward to provide personal loans in UK and that too with innovative modifications to include anyone in its circumference. Let us start with the definition of personal loans. Personal loans are loans that are offered by financial institutions for any personal financial reason.
The financial institutions offering personal loans in UK include banks, building societies, loan lending companies etc. Like every other loan, a personal loan needs to be paid back. The time decided for the repayment of the loan is called loan term. The amount taken for a personal loan is decisive about many things in the context of personal loans like repayment terms, interest rates along with repayment term. Personal loans have been broadly categorized into two types ? namely secured personal loans and unsecured personal loans.
Secured...
Personal loans - to make a personalized financial agenda
Loans > Personal loans - to make a personalized financial agenda
New Mortgage Limits Create Better Choices and Options for First Time Homebuyers Loans
New Mortgage Limits Create Better Choices and Options for First Time Homebuyers