By April 30, 2012 0 Comments Read More →

2012 FHA Mortgage Guide Now Available

Ever wonder how FHA mortgages really work — but don’t want spend a month memorizing a 400-page manual?

Instead, the 2012 edition of the The Quick & Dirty Guide To FHA Mortgages is now available, a clear and short explanation of the FHA program, how it works and how to qualify.

And it’s all in plain language.

“You shouldn’t need a finance degree to get a mortgage,” said author Peter G. Miller. “The system ought to be clear and simple so that both lenders and borrowers can sit down at the bargaining table as equals. That works for everyone.”

More than 40 million people have gotten FHA loans during the past 70 years. The FHA mortgage program has been trusted for decades and with good reason: It requires just 3.5 percent down, has no toxic clauses and the foreclosure rate is well below industry norms.

Miller is the author of seven hard-cover books originally published by Harper & Row. Combined sales exceed 250,000 units. The nationally-syndicated author has appeared on such media outlets as Oprah, the Today Show, CNN, MSNBC and hundreds of others.

According to the latest figures from the Mortgage Bankers Association, the overall foreclosure inventory rate was 4.38% in the first quarter. The rate for FHA loans was substantially lower, just 3.54%.

The National Association of Realtors says 54% of first-time buyers financed with low-downpayment FHA mortgages in 2011.

“FHA loans require as little as 3.5 percent down,” said Miller. “Given home prices which remain soft nationwide as well as mortgage rates near historic lows it’s no surprise that FHA mortgages remain hugely popular. Whether a first-time buyer or a repeat purchaser FHA loans enable mortgage borrowers to obtain real estate financing with great confidence.”

The new e-book is part of Miller’s “quick and dirty” series of practical, low-cost guides published by the Silver Spring Press. Each plain-language guide is designed to be short and easy-to-read. The FHA e-book is approximately 7,900 words and available through both Kindle and through SmashWords in many formats including ePub, Mobi, PDF, LRF, Palm Doc and text.

The 2012 edition of the FHA Guide is priced at just $2.99.

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