PSA: Go FHA!

Hey everyone, a friendly mortgage tip.  Let me know if this sounds like you: Your credit scores are 620 or below You haven't had any late mortgage payments in the last 12 months You have a loan amount under $362,760 That loan balance is less than 97.15% of your home value You have an adjustable rate mortgage set to adjust If that sounds like you, and you are looking for a way out, how does this sound? 30-year fixed loan No prepayment penalty In the mid-upper 6% range 1% origination fee No junk fee charges Sound good? You might be a potential candidate for FHA financing.  And if President Bush's plans for FHA secure go through these great loans will be opened up to more people.  If you had a subprime mortgage loan and need to get out of a loan that is about to adjust to a