Get 10% Back on Your Mortgage?

As ”strategic” mortgage defaults rise, Loan Value Group, is offering banks and homeowners a way to resolve the problem through a program entitled, RESPONSIBLE HOMEOWNER REWARD.  The program involves the investors structuring a reward for homeowners, averaging 10 percent of the loan balance, payable when the loan is paid off. While the reward will not give the homeowner positive equity, it could give the homeowner an incentive to keep paying despite dropping home values.

The Low-Down on FHA Loans

RISMEDIA, July 1, 2010–FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA).