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Financing Your Home >FHA Advisory

If you are in default on an FHA-insured mortgage, and the lender intends to foreclose, you should know about the Mortgage Assignment Program. You will have to provide certain information to the FHA to apply for this program.

To be considered eligible for assistance, the home must your principal residence. You must be at least three full payments behind on the mortgage, and the reason for your failure to make the mortgage payments must be due to circumstances beyond your control, such as unexpected unemployment. The FHA must be reasonably certain that you can resume making the payments at the end of 36 months and that the accrued deficiencies will be paid back before taking over the loan.

The Veteran's Administration also has a mortgage assistance program for those who have VA mortgages.

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Q	What does the term ARM stand for?
A	An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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Diane Cardano-Casacio & Associates, REALTORŽ, real estate agents and broker for Abington, Upper Dublin, Whitemarsh and Springfield Township Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Cardano-Casacio & Associates
RE/MAX Consultants
1021 Old York Road, Suite 401
Abington, PA 19001
Office: 215-576-8666 Ext. 17
Direct : 610-825-5553
Toll Free : 888-869-4157
Fax: 215-576-8677
Email: Philadelphia-Area-Homes@NUMBER1EXPERT.com
Diane Cardano-Casacio is your Abington, Upper Dublin, Whitemarsh, and Montgomery Township Expert. She is the owner of Diane Cardano & Associates at Re/Max Consultants and the leader of the #1 Re/Max team in Montgomery County & surrounding counties. Diane has a team of professionals whose goal is to protect their client's real estate assets! Her sellers get more money per square foot, in the least amount of time, hassle-free! Due to Diane's expert marketing, personalized service and state-of-the-art technology, 90% of the team's business comes from referrals from satisfied clients. Diane and her team also welcome new clients. Call for your personal consultation today and start your own referral tree!

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