In answer to a recent comment on my post “H. R. 6694 Passes Out Of Committee” I made the statement that:
“I’m absolutely not opposed to people putting money down. For most of my career in the mortgage business, buyers had to put down essentially 5%.
It appears that a deal has been made to save FHA down payment assistance programs with seller participation. I have always said we should fight not to throw out the baby with the bath water when it comes to these programs. All we need to do in order to lower the foreclosure claim rates on loans with seller participating down payment assistance is to enforce the rest of the FHA underwriting guidelines.
Save $1500 or more by modifying your own mortgage. Or learn how to modify other people’s mortgages.
Try it out with no risk. Unconditional 100% Money Back Guarantee. As little as $7.97 to take a look!
Click on the picture for more information.
Do It Yourself Loan Modification
Here are more resources that are guaranteed to help you improve your mortgage business.
