FHA now offers 95% cash-out to the borrower credit Troubled
Atlanta, GA (openPR) 9 April 2007
Katz Mortgage Team www.KatzMortgageTeam.net, the AmTrust Mortgage Corporation is pleased to announce they are pleasead now offer new 95% FHA loans cash basis for the borrowers under perfect credit. These loans have been with new, higher credit limits updated to 4000 by the municipality, but most of the metropolitan counties have a limit to 0000-0000.
Stephen Katz, the United States, Katz Mortgage Team: “It is no secret that over the last three months, it was a real credit crisis in the credit markets weaker. Many of our customers who have credit problems are now on FHA loans for housing finance. FHA is a great alternative. There is no minimum credit score, many borrowers have had credit problems in the past can now get a second chance. borrowers to at least a year of good credit have under their belt, or two years since the bankruptcy, have an excellent chance to be approved. “
unlike most subprime loans, FHA does not require prepayment. They are insured by the government, but unlike other government programs, there is no income limit. Mortgage insurance has also been reduced by half and is now tax deductible.
FHA dormant for years, but got a second life. For the current owners, we can help them take 95% of their equity. In fact, cash-out refinance transactions of purchase and are numbered. There are fixed rates, adjustable, and buy value available, “said Mayor Katz.” Programs are open to everyone and the prices are fantastic. “
About Katz Mortgage Team
Katz Mortgage Team AmTrust Mortgage Backed Corporation, headquartered in Atlanta, Georgia, is a powerful team of professional mortgage at the top with a commitment to the highest level of personal service to customers in 24 states over the country. As a full-service mortgage lender for residential properties specializing Katz Mortgage Team in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS) of fixed-rate mortgages and a variety of loans without interest only look attractive to investors, real estate held as investment property.
About
AmTrust Mortgage Corporation
As the market leader in mortgage banking, AmTrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage nation. Constantly expanding coverage AmTrust is currently in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri, Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania , South Carolina, Tennessee, Texas, Virginia and Washington.
For further information contact:
Stephen Katz – Senior Loan Officer
866 742-8400 (toll free)
www.KatzMortgageTeam.net
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Cash Out Mortgage Refinancing