Entertainment and Recreation Mag - Issue V-413

 

Entertainment and Recreation Mag COVER Page
FULL PAGE ADVERTISERS
How YOU Can Advertise
In This Magazine




What is FHA loan?

Home mortgages are important part of the loans universe but we will concentrate here On a specific one called FHA. The Federal Housing Administration (FHA), a wholly owned government corporation, was established under the National Housing Act of 1934 to improve housing standards and conditions. Its goal was to provide an adequate home financing system through insurance of mortgages, and to stabilize the mortgage market.

FHA is not a loan, It’s an Insurance! If a home buyer defaults, the lender is paid from the insurance fund. An FHA loan allows you to buy a house with as little as 3% down payment, instead of the higher percentages required to secure many conventional loans. Taking advantage of the FHA loan program is a great way for first time buyers, or anyone with a shortage of down payment funds, to buy a home. It is not a program reserved only for first time home buyers. You can buy your third or fourth home with an FHA loan. The only stipulation is that you may only have one FHA loan at a time.

FHA helps low and moderate-income families purchase homes by keeping the initial costs down. By serving as an umbrella under which lenders have the confidence to extend loans to those who may not meet conventional loan requirements, FHA's mortgage insurance allows individuals to qualify who may have been previously denied for a home loan by conventional underwriting guidelines. It also protects lenders against loan default on mortgages for properties that include manufactured homes, single-family and multifamily properties, and some health-related facilities.

The two very basic terms you need to understand is PITI and Long Term Debt. PITI stands for Principle, Interest, Taxes, and Insurance. It is with relations to your Mortgage and property housing total monthly cost. Your maximum PITI should not exceed 29% of your gross monthly income.

Long term debt includes such things as car loans and credit cards balances.
In order to qualify for FHA loan your PITI + Long Term Debt should not exceed 41% of gross monthly income.

This is much lenient terms compared to conventional loan terms of maximum
PITI of 26% - 28% and Total PITI + Long Term Debt of 33% -36%.

Qualifying for an FHA loan you need the followings:

- Good credit history that shows you meet your financial obligations.
- PITI + Long Term Debt not to exceed 41% of gross monthly income.
- Sufficient cash down payment at time of closing. 3% of the total cost.
- Closing expenses cost of 2%-3% of the price of the house.
(Homeowner’s Insurance, Attorney’s fees, title fees, and title insurance,
Private Mortgage Insurance if you are paying less than 20% down, the loan
origination fee, and a fee that goes into the FHA insurance fund).

The FHA ARM - Adjustable Rate Mortgages is a HUD - US Department of Housing and Urban Development, mortgage specifically designed for low and moderate-income families who are trying to make the transition into home ownership. At the time it is issued, the ARM usually has an interest rate several percentage points below a fixed rate mortgage. The interest rate can change as market conditions change. If interest rates go up, so does your mortgage payment. If they come down, your mortgage payment comes down, too.
The reverse mortgage is often of interest to senior homeowners. This loan provides cash for living, health or other expenses. Payments are made to the borrower in a lump sum or monthly. Most reverse mortgages are issued to those 62 and older who own a debt-free home with no tax liens.
A Home Equity Line of Credit (HELOC) lets you use equity in your home to pay for home improvements, debt consolidation or other financial goals. With an acceptable debt, credit and employment history, you may be able to borrow up to 85% of the appraised equity in your home.

Balloon Mortgage - the buyer pays interest for three to five years on a balloon mortgage. After that the entire principal comes due all at once.

Source: http://www.loans-money-infoweb.com/




 

Entertainment and Recreation Mag
FULL PAGE ADVERTISERS

!-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-A-Lawson.pdf
0-D-Baker.pdf
0-RL-Browning-Endless-Cash-System.pdf
0-S-DADA-The-Millionaires Club-Lotto-Tickets.pdf
00-A-Moore.pdf
00-E-Bynum.pdf
00-H-Clay.pdf
00-J-SMITH.pdf
00-JC-Patton-Mail-Lists.pdf
00-Monique's Mail.pdf
00-R-Peterson.pdf
00-c-vandergrift.pdf
00-j-skuse.pdf
00-m-bugarini.pdf
00-r-vandergrift.pdf
00-wrights.pdf
1-J-Hurley-Free-Money-Making-Downline-for-Life.pdf
1-M-Golden-Make-Money-Simple-Cash-Payment-Plan.pdf
1-R-Bacha-The- Perpetual-Wheel-of-Fortune.pdf
2-D-Foley.pdf
20-J-Hurley.pdf
20-JCPatton-Mail-Lists.pdf
20-Robert-Peterson.pdf
20-T-E-Abraham-The-Wealth-Union.pdf
3-D-R-Deegan-Cash-Retirementt-Plan.pdf
3-J-Hurley-Time-Freedom-Rings.pdf
5-L-Valentine.pdf
5-L-Valentine2.pdf
5-S-Ford-The-Largest-Permanent-Matrix.pdf
5-T-Abraham-The-Wealth-Union.pdf
6-McCray.pdf
7-D&A-enterprises-P&M.pdf
7-D-Deegan.pdf
8-180-Niche-package-offer-THE DOUGLAS MILLIKEN COMPANY.pdf
8-CR-Ellard.pdf
8-E-Molina.pdf
8-L-Valentine.pdf
99-JC-Patton-Opportunity-Seekers-Names.pdf
99-JC-Patton-Silver-Eagle_Pro.pdf
A-BRADLEY.pdf
D&A-enterprises.pdf
Gerard-Jeanty-1.pdf
Gerard-Jeanty-2.pdf
K-SCHECHTER.pdf
R-DEL-PILAR.pdf
Rabbi-Rev-Earl-Kelly.pdf
T-Johnson.pdf
Your-2016-ADSHEET-DIRECTORY1.pdf
sam-scruggs-21.pdf

 

WANT TO PURCHASE
MINERALS AND OTHER
OIL/GAS INTERESTS.

Send details to:
P.O. Box 13557
Denver, CO 80201


Current Issue of 06/28/2017


175


Discover the POWER of our AUTOMATED system!

Earn $1,500 per week. No Calling, No Selling and No Convincing. 7 openings available for serious, ambitious people!
www.aprovenpath.com

164



100


FINALLY START MAKING MONEY

By Marketing Your Own Products and Ideas
Or Others' Products And Ideas!
Send $1.00 Plus 2 F/C Stamps to:
JAMESINA WENTZ
412 E. 7th. St., Apt.2
The Dalles, OR 97058

81


ARE YOU QUALIFIED TO MAKE A
MILLION DOLLARS?

Only Serious Individuals Need Respond!!
For FREE INFO
On How To Make A Million Dollars
Send $5.00 Processing Fee To:
BRIAN ARENDELL
PO Box 20783
Portland, OR 97294

30


FREE ADS!
Filler Ads wanted for new ad sheets.

1" c/r only, limit of 3 per issue.
MICKEY PARKER
413 S. MALLARD ST.
LAS VEGAS, NV 89107

151


STOP WORRYING ABOUT MONEY!
Come to where the real money is....

Start Getting Paid $2,500 to $5,000 + WEEKLY!
No Selling, No Boss, No Online Marketing
Needed.
http://tinyurl.com/7utmvha

15


LOOKING TO EARN $3,500 + PER WEEK?

Marketing Veteran Is Exposing His Proven
System With FREE, Unlimited Coaching!
$997 Value! Limited Spots Available!
Call 612-564-7746
www.ProfitWithRyanToday.com

69


WHY ARE THESE PEOPLE DANCING?

They just read "Basic Guide to Getting Rich". Order Your Copy today and learn the secrets of the rich and famous. Send $10.00 to:
WHITE SWAN
P.O. BOX 303
RANDALLSTOWN, MD 21133

93


YOU WILL BE THE TALK OF THE TOWN...

When You Make $$ With All The
Money-Making Offers
I'll Send In A
6x9 Envelope!
Only $3 Cash Or Stamps To:
K.R. MARKETING
398 SCOTT CT.
TWIN FALLS, ID 83301

17


EASY WAY TO BIG EBAY PROFITS!


35


OPPORTUNITY TO CUT MTG PAYMENTS
IN HALF

www.themtgmanager.org/ Aff8203LeRoyTaggart
www.themtgmanager.biz/ 8203LeroyTaggart
LSASE To:
LEROY TAGGART
233-01 MENTONE AVE.
LAURELTON QUEENS, NY 14422

19


LOOKING TO EARN $3,500 + PER WEEK?

Marketing Veteran Is Exposing His Proven
System With FREE, Unlimited Coaching!
$997 Value! Limited Spots Available!
Call 612-564-7746
www.ProfitWithRyanToday.com

69



169


MONEY-MAKING OPPORTUNITIES

Receive $50-$100 or More. Make Big Bucks! Money To Your Mailbox - Guaranteed To Work, Easily. Free Details. Send $1.00 + 2 F/C Stamps:
WILLIAM-SC252
POB 490443
CHICAGO,ILL 60649
1(800)631-8233

124




77


BUY DIRECTLY FROM "DIRECT" SOURCE!

VISIT OUR ONE-OF-A KIND WEBSITE
TO FIND SOME OF THE MOST POPULAR
AND SOUGHT-AFTER-PRODUCTS...
OFFERED TO THE PUBLIC AT
UNBELIEVABLE, WHOLESALE PRICES!
www.jcpattonbestdealsinternational.com

104


SALES PERSONNEL

to call on spas, beauty salons,
beauty supply stores, boutiques,
health clubs, etc. to introduce and sell
Wild Rose personal care products.
40% commission on every case sold.
Send info to:
Sales
PO Box 303
Randallstown, MD 21133

55


ON-LINE SHOPPING MALLS!

Do you shop at Wal-Mart, Target, Walgreen's, K-Mart, Radio Shack? How would you like to receive cash back, plus free entries in the $1,000,000 sweepstakes or join our affiliates program and receive 90% commission sales. Just go to: www.myedgeco.com/savings/jg6478
89


DISTRIBUTORS WANTED!
Make up to
$10,000 Monthly
GIVING AWAY
FREE PRESCRIPTION DISCOUNT CARDS

which save people up to 87% at over
54,000 pharmacies nationwide!
Send this ad and $1.00 to:
ALLIED CONSULTING
PO BOX 111124
AURORA, CO 80042
Attn: RxCut HIM-1

146


BUY DIRECTLY FROM "DIRECT" SOURCE!

VISIT OUR ONE-OF-A KIND WEBSITE
TO FIND SOME OF THE MOST POPULAR
AND SOUGHT-AFTER-PRODUCTS...
OFFERED TO THE PUBLIC AT
UNBELIEVABLE, WHOLESALE PRICES!
www.jcpattonbestdealsinternational.com

104


$5000 A WEEK FOR LIFE!

Stop Working Paycheck To Paycheck.
For More Information,
Send $5.00 To:
John W. Collins
P.O. Box 164, Rome, GA 30162
May God Bless

157



159



78




    


images_article



images_horiz_220x90



images_horiz_468x60



images_horiz_728x90



ad_images_mini



images_square

images_vert


Entertainment and Recreation Mag

Entertainment and Recreation Mag - COPYRIGHT © - ALL RIGHTS RESERVED