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If only, it was that easy. Unfortunately, they are smarter than that and have laid a trap for you that many fall into unbeknown to themselves. The personal guaranty is a path to everything you and your wife own. Keep in mind that almost every SBA loan we see and certainly many non SBA guaranteed normal secured bank loans require spousal guarantees on the notes.

This may appear harmless in the beginning when all is well, but in the end when default is looking and you review your exposure, please count your home as ‘in jeopardy’. It too will be additional collateral to the loan, as follows: Continue reading ‘You Say the SBA Does Not Have a Mortgage Or Lien on Your House So it is Safe? Not So!’ »

Are you one of those people looking for getting yourself and your family a house and are looking into the possibility of going through the process of getting FHA housing loans? Are you feeling overwhelmed by the massive number in your bills that, because of the triggered interest rates, keeps on growing like a monster on your back? And do these bills make you think that maybe there isn’t any more chance for you to get your home loan? The best thing to remember is not to lose hope. Due to the increasing efficacy of the FHA processes as bolstered by the Obama bailout fund, you can rest assured that you will indeed get the home you dream about.

So many Americans are looking for the best house for their families but still cannot obtain this dream because they are not financially capable to get the mortgage necessary for this. Traditional loans are not accessible to a lot of people who have low to medium salaries. Continue reading ‘Hope For the Hopeless – FHA Housing Loans’ »

FHA housing loans are now considered as one the best ways to fix the financial and housing crisis in the US. Instituted during the depression era of the 1930s, the Federal Housing Association since then extended assistance to thousands of Americans who want to own a home the legal way without having to deal with skyrocketing monthly payments, down payments, and interest rates.

On the other hand, many are still left unaware about important features of this loan program. To ease your burning curiosity, here are the answers to the top 5 questions about the FHA program:

1. What are its prime benefits? Continue reading ‘Top 5 Questions About FHA Housing Loans’ »