Through our professional affiliations Protégé Real Estate Investments, Inc. offers an array of financial services. Our local experts are always up to date with current market trends and financing reforms. They specialize in refinancing options, loan modification programs, first time buyer or investor programs and foreign national’s special financing solutions. Our elite financing team pledge to provide the lowest financing settlement costs and preferred monthly payment options without jeopardizing excellent quality service.

Loan Types to Consider
Brush up on these mortgage basics to help you determine the loan that will best suit your needs.
• Mortgage terms. Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, you pay more interest overall if you borrow for a longer term.
• Fixed or adjustable interest rates. A fixed rate allows you to lock in a low rate as long as you hold the mortgage and, in general, is usually a good choice if interest rates are low. An adjustable-rate mortgage is designed so that your loan’s interest rate will rise as market interest rates increase.
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Specialty Mortgages: Risks and Rewards
Specialty mortgages often begin with a low introductory interest rate or payment plan — a “teaser”— but the monthly mortgage payments are likely to increase a lot in the future. Some are “low documentation” mortgages that come with easier standards for qualifying, but also higher interest rates or higher fees. Some lenders will loan you 100 percent or more of the home’s value, but these mortgages can present a big financial risk if the value of the house drops.
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Loss Mitigation Program - Comprehensive Clarification of Policy
The purpose of this mortgagee letter is to announce clarifications of policy and procedural changes in FHA’s Loss Mitigation Program and provide an updated consolidation of the existing program guidance.
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FHA Loss Mitigation Program Updates
The Federal Housing Administration (FHA) is pleased to announce several changes to its Loss Mitigation Program that will strengthen both the Loan Modification and Partial Claim Initiatives. While these changes are designed to address borrowers who are facing serious defaults, most delinquencies can and should be resolved through early intervention.
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Single Family Foreclosure Policy and Procedural Changes
When foreclosure of a defaulted loan is necessary, HUD regulation 24 CFR 203.356(b) provides that mortgagees “must exercise reasonable diligence in prosecuting the foreclosure proceedings to completion and in acquiring title to and possession of the property.” That regulation also states that HUD will make available to mortgagees a time frame that constitutes “reasonable diligence” for each state. This Mortgagee Letter provides an update to the state foreclosure time frames and attorney’s fee schedules that were provided in Mortgagee Letter 2001-19, dated August 24, 2001.
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Expansion of FHA Secure
In Mortgagee Letter 2007-11, the Federal Housing Administration announced FHASecure, a temporary initiative to permit lenders to refinance delinquent adjustable rate mortgages (ARMs) and/or to offer new subordinate financing where the combined loan-to-value ratio exceeds the applicable FHA loan-to-value ratio and geographical maximum mortgage amount.
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Loan Modification Option
The Loan Modification options provides for either a permanent change in one or more of the terms of a mortgagor’s loan, which allows a loan to be reinstated and results in a payment the mortgagor can afford. Ref: Mortgage Letters 2000-05, 2005-30 and 2008-21.
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HOPE for Homeowners Servicing Guidance
The Housing and Economic Recovery Act of 2008 amends the National Housing Act to authorize a new, temporary Federal Housing Administration (FHA) mortgage insurance program called the HOPE for Homeowners Program (also referred to as the H4H Program). Under the Program, a borrower facing difficulty paying his or her mortgage will be eligible to refinance into an affordable FHA-insured mortgage.
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Consumers Guide to Mortgage Settlement Costs
Mortgage settlement--sometimes called mortgage closing--can be confusing. A settlement may involve several people and many documents and fees. This information will help you understand all that is involved. Although the focus of this guide is on settlements for home purchases, much of it will also be useful if you are refinancing a mortgage.
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