"I'm not certain what you mean when you refer to "non performance." We brought the HERS inspection up, but there wasn't an inspector available during our inspection period. Timing is a big portion of the issue here, as we are closing contract date plus 4 weeks. So, it won't benefit me to stop the closing at this point, but wonder about the refi options. If a cash out refi or streamline is possible, is there still the requirment to "improve" your monthly cashflow situation..."    View Post

"Hello and thank you for your opinions. We are preparing to close on a new FHA mortgage, and my hope was to utilize the EIM (Energy Improvement Mortgage) option to add the escrow funds for energy improvements (HVAC, appliances). Existing home and needs some Energy Star updates. The seller became uncooperative and we passed our inspection contingent period, so technically the seller did not have to allow us in for another inspection (HERS rating in this case). My question is this: if we want to refinance..."    View Post

"Does anyone have information on this type of program? Was it eliminated by some new legislation recently? It was supposed to be able to offer a low/no down payment FHA option if VA entitlement was tied up or if you wished to save the entitlement for later use. Any thoughts appreciated."    View Post

"Hello and thank you for your feedback. We are in the process of "selling" our home via assumption of our FHA mortgage. Although I have done a significant amount of research, can someone please offer some thoughts on the process, timing, anything to consider, the pitfalls of your experience, or any other thoughts? In our market, this is a big advantage for us as no appraisal will be required and the "assumptors" want our home. Thanks again for your input."    View Post

"We have an FHA loan, and we just refinanced to a lower rate in November. Our situation changed and now we need to move. Instead of renting we have found a "buyer" that has agreed to assume our mortgage, and we will get release of liability. First, we have to get our servicer to process us in their system so we can get the paperwork from them for the "assuming" party to fill the forms. Does anyone have an idea how long it should take before we can get the servicing company to get..."    View Post