Archive for the ‘Help with mortgage’ Category

If you are having any problems with your mortgages, then perhaps it is a good time to refinance. Mortgage rates are very low currently. By refinancing, you are likely to save a lot of money each month. If you are upside down on your current mortgage, you can find better mortgages and better terms. Many homeowners who are upside down on their mortgages find themselves no longer upside down by refinancing. They are also able to lower their mortgage payments significantly. Some of them were worried about being in foreclosure but, after refinancing, they are able to comfortably pay for their monthly mortgage payments and never have to worry about being in foreclosure again.

The question is how to refinance and get the best mortgage rates. You need to do some research into what mortgages are best for you and what mortgage rates are available. You need to compare mortgages before you decide which one is best for you.

Use the service below to compare mortgages at no cost!

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Fha Mortgage Help Program

Question: does champion mortgage have a bridge loan program for the $8000 tax credit?

it was recently announced hud will allow FHA-approved lenders to issue short-term loans to advance the credit amount for use in purchasing the home. does anyone know if champion mortgage has such a program? i checked with my state housing dept and they do not currently have a program set up yet. this will be for an fha loan.

Answer: I am not sure but I think it was passed on Friday (at least in Florida). I am waiting to find out myself. What state are you in? I would suggest you find a mortgage professional in your area or a trusted real estate agent and ask. I don't know how Lender Specific it will be, if they told you they are the only ones able to do it, they are misleading you. They have to be qualified to originate FHA to do a FHA loan but the 8000.00 credit is going to be across the board. The borrower has to qualify for it.

You can call email me on Monday and I will have the resourses to find out for you.
Jill
[email protected]

First Time Home Buyer Loan, $8000 Tax Credit, FHA Low Down Payment Mortgage Assistance Program

Mortgage Help Direct Gov Uk

Question: What is the pregnancy pay in the UK?

I read this piece on direct.gov.uk, and it said that pregnant women can take up to 39 weeks leave, however, you get paid 90% pay for first 6 weeks & for the next 33 weeks you get only £112.5 per week. That isn't very fair, is it? How would a single mother pay her mortgage at that rate? I'm not sure if this is the way it works.

Answer: hi
i work for NHS. this is what my hospital policy says,
you need to check with your employer for their policy, but it should not be very different

Eligibility and Entitlements for Maternity Leave
3.1.1 All employees are entitled to 39 weeks ordinary maternity leave (OML),
regardless of length of service.
3.1.2 Employees who intend to return to work1 after maternity leave are entitled to
take a period of additional (unpaid) maternity leave (AML) of up to 13 weeks.
They are therefore entitled to up 52 weeks maternity leave (39 weeks OML,
13 weeks AML).
Eligibility and Entitlements for Maternity Pay
3.2.1 There are two types of maternity pay as follows:
− Occupational Maternity Pay
− Statutory Maternity Pay
Entitlements to these will be dependent on a number of factors, including
length of service and intention to return to work after maternity leave. The
differences are outlined below.
Occupational and Statutory Maternity Pay and Maternity Allowance pay
periods can start on any day of the week aligning maternity leave and pay
start dates.
Please also refer to section 3.7 “Temporary Staff”.
3.2.2 Occupational Maternity Pay
Employees who have completed 12 months continuous service with the
Trust or another NHS employer at the beginning of the 11th week before
their Expected Week of Confinement (EWC)2, i.e. the 29th week of
pregnancy, may be entitled to the following:
− 8 weeks full pay (inclusive of Statutory Maternity Pay)
− 18 weeks half pay plus Statutory Maternity Pay (if half pay plus SMP or
Maternity Allowance exceeds full pay then half pay will be reduced
accordingly)
− 13 weeks statutory maternity pay or maternity allowance
Statutory Maternity Pay is paid at the rate of 90% of earnings for the first 6
weeks followed by a lower set rate for the remaining 33 weeks3
In order to qualify for occupational maternity pay, the employee must:
− Follow the procedure as set out in section 3.3
− Continue to be employed by Wrightington, Wigan & Leigh NHS Trust at
the 11th week before the EWC
− State on the application form their intention to return to work for the Trust
or other NHS Employer for a period of three months following the period
of maternity leave
− State on the application form the provisional date she intends to return to
work
3.2.3 Statutory Maternity Pay
Employees who have been employed by the Trust for at least 26 weeks
into the qualifying week (15th week prior to the EWC) will only receive
Statutory Maternity Pay.
The entitlement to Statutory Maternity Pay is provisional on their average
weekly earnings being above the lower earnings limit for National Insurance
purposes.
Statutory Maternity Pay is payable for a period of 39 weeks. It is paid at the
rate of 90% of earnings for the first 6 weeks followed by a lower set rate for
the remaining 33 weeks2.
If earnings are less than £100 per week, the rate of Statutory Maternity Pay
will be 90% of earnings for the full 39 weeks.
3.2.4 Calculating Full Pay
For the purposes of Occupational Maternity Pay, full pay is calculated on the
basis of your average weekly earnings over the 8 week period leading up to
the last pay day before the end of the 15th week before the expected week of
confinement. This will includes leads, allowances, overtime and
enhancements.
All payments that are taken into account for National Insurance contributions
are included in this calculation. Half pay is half the amount of full pay as
calculated above.
3.2.5 At no time will the combination of Occupational Maternity Pay and Statutory
Maternity Pay exceed the employee’s normal average weekly pay.

Hope this helps

How To Find Help For Your Mortgage Repayment