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FHA loans have become the backbone of the purchase market again:

FHA has become the backbone of the purchase market again. FHA loans offer the most flexible combination of down payment and credit requirements. With loan limits as high as $729,750, the majority of transactions can be handled using FHA financing. FHA

Basic Consumer Facts about the HOPE for Homeowners Program

What is the HOPE for Homeowners Program: This is a new program for borrowers at risk of default and foreclosure. This program provides new, 30 year fixed rate mortgages that are insured by the Federal Housing Administration (FHA). It may help you refinance

Refinance from an adjustable rate to a fixed 30 year mortgage

For those of you who have this loan, or maybe have clients or friends who do please read below. Wachovia is identifing borrowers who would benefit by refinancing out of their existing adjustable rate mortgage into a secure 30 year fixed rate mortgage.