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Home Equity Conversion Mortgage (HECM)

Home Equity Conversion Mortgage (HECM)

In recent economic times, exotic home loan products have become increasingly more common.  As there are shifts in the economy, certain home loan products start to become more popular.  One of these products in particular caters to a certain niche in the market and has been found throughout the state of Florida.  This would be because of who qualifies for this type of home loan.  This home loan product is called a Home Equity Conversion Mortgage. Read the rest of this entry

FHA “Flipping”

If you’ve ever flipped a home, or thought of flipping a home, you’ll want to constantly stay informed.  The real estate industry is constantly changing.  We just got the news that FHA (Federal Housing Authority) extended the “flipping” waiver through 2014!   FHA  has a rule that forbids “flipping” – executing a new sales contract for a home with an FHA-insured mortgage in 90 days or less. Read the rest of this entry