MortgageLoanPlace.com Announces New Features on Site Dedicated to FHA Loans

There is $450 million in unclaimed refunds for homeowners with FHA loans. MortgageLoanPlace.com educates consumers and helps them determine if they are eligible for a refund as well as other information and tools relating to FHA Loans.

(PRWEB) May 2, 2007 -- In response to legislation currently making it's way through Congress relating to the overhaul of the FHA loan program, MortgageLoanPlace.com has added an entirely new section to the site dedicated to FHA loans.

Congress is attempting to revise guidelines for the FHA loan in order to help prevent foreclosure on hundreds of thousands of homes. The sub-prime fallout is putting many homeowners in jeopardy of foreclosure, but Congress hopes to provide assistance with the new FHA program.

To help educate and assist homeowners with existing guidelines, as well as changes in the program, MortgageLoanPlace.com has created fha.mortgageloanplace.com (http://fha.mortgageloanplace.com) to be the premier source for news and information for FHA loans.

For example, hundreds of thousands of people that purchased a home with an FHA loan and paid their mortgage insurance at closing are still owed a refund on their mortgage insurance. There is still up to $450 million in unclaimed refund money. Individuals that are owed money can claim it for free and the amount owed could be as much as a couple thousand dollars.

MortgageLoanPlace.com added a page that allows homeowners to perform a quick search (http://fha.mortgageloanplace.com/hud-refunds.html) to see if they are entitled to a refund. MortgageLoanPlace.com has a page dedicated to educate consumers about these unclaimed refunds and can educate the public on what they should do in order to get their refund. This is just one of many tools and articles on the site dedicated to FHA Loans.

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