FHA Approved Lending.com  

is a Free Information Guide for Today's Housing Market and a great place start when Buying, Selling or Refinacing a Home. We filter down valuable information for you, the Real Estate Consumer and help you find answers to the most common questions. Best of all it is Free.

"Making the right decision, is easy when you have the right information".

Sounds easy enough, but when it comes to  Buying, Selling or Refinancing a Home there are many factors that have to be considered, every transaction is unique to the individual, the geographical area, the market place, even the time of the year can be a factor.   There  are many questions that come up in any Real Estate transaction, even with prior experience this can intimidate, confuse and down right frustrate anybody. We can help! and if you don't find the answer to your specific questions, simply click on the Got a Questions? Button and we will research it for you.    

Today's Housing Market: Lately and for some time to come there is not a day that will go by that we won't be bombarded with News of the Housing Crises, News reports proclaiming the record Foreclosures rate increasing. For Sale Signs lining neighborhoods all across America like lawn ornaments. It is a "scary time", but is it really? Of course not, but what has changed? The answer is simple, "The Market", but what dose that really mean? Simply this; what worked between 2002 and 2006 is not working today and with new problems, we  need new solutions. Better yet with new problems come new opportunities. This is why having the right information is so important and for the few that take the time to learn the new "Market" the opportunities are endless.

Subprime Lending: The term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. Generally these type of loans have a higher risk factor to the lenders and their investors. These loans were made as a Adjustable Rate Mortgage (ARM), they started with a lower rate of interest that was fixed for a period of 2 to 5 years, after the fixed period the rate would adjust to the current market rate which had increased from the time the loan was originated increasing the payment. The Market became accustomed to fast easy to sell of homes. But what happened was the opposite, as more homes came on the market without the quick sale, appraised values began to decline. Every day a home sat on the market forced values down just to sell. This made it more difficult to sell the homes, since what was owed was now higher than the Market value and as home owners found it harder to make the payments foreclosure began to rise.