The U.S. Senate approved a bill on Friday, 14th December 2007, in order to make it easier for thousands of homeowners with inflated interest rates to refinance into federally insured loans and help them save their home from foreclosure.

About 2 – 2.5 million adjustable rate mortgages are scheduled for a reset in the coming year and many borrowers might even lose their homes due to the high interest rates. The Senate’s proposed plan will be a blessing for these “distressed homeowners”.

Under this Senate bill, the down payment required for FHA loans will be lowered down to 1.5% from the current 3%. It will also raise the maximum mortgage amount that FHA can insure in high housing cost areas like California from the current $ 362,790 to $ 417,000.

The economic fallout as a result of increasing foreclosures has been a concern for most of the political leaders and the Senate vote supporting this bill was a reflection of this concern. In spite of several oppositions, the bill was approved with an ultimate aim to improve the present economic scenario. This is truly one of the best Christmas gifts for all the homeowners.

I was just wondering when going through the articles on various financial issues written by Robert. Basically he is a well-known professional in the matters concerning investors. Mr. Valentine currently lives in Huntington Beach, California. His articles on financial planning matters that concern investors have been published by several publications throughout the United States.

His specialized fields:

• Share information on wealth accumulation and preservation
• Assist investors age 60+ with strategies designed to preserve their capital, increase their income and more profitably organize their investments
• Focus on helping pre-retirees and retirees avoid the most common financial mistakes
• Insurance care

Apart from that, he has developed an ‘Essential Retirement Tool’, Federal Income Tax helpline with the complete schedule. Simultaneously maintains a Glossary of financial terms.

“The Mortgage Insiders” is maintained by Rob and Terry, who are 15 year veterans of the mortgage industry. Terri Ewing, and Robb K. Blake are dedicated to restoring the integrity of the mortgage industry through educating both mortgage consumers and mortgage providers about the ethical way to buy and sell home loans.

Robb has written few books on mortgage shopping, foreclosure etc. The book named “No cost mortgage software” attracted me very much. According to Robb, The New Mortgage Insider’s Software Turns Your Mortgage Into a “No Closing Cost” Mortgage Without Refinancing… 100% Guaranteed!

Other good books written by Robb:

1. The B.U.IL.D. Mortgage shopping system
2. The Home Custody Book
3. The No Cost Mortgage
4. The Stop your foreclosure now

Some important topics they cover:

1. Mortgage Rates
2. Mortgage Frauds
3. Mortgage Insurance
4. Yield Spread Premium