There are a couple significant reasons behind the current crisis in our mortgage market. One is that mortgage brokers haven't been giving borrowers enough information to make an informed decision. The bigger issue is that borrowers haven't been asking the right questions! And how are they even supposed to know what to ask? School doesn't prepare us to make decisions regarding our home mortgages (unless you're studying to become a mortgage broker), so most of us are flying blind.

Have you been looking for financing on a new home, but struggling to find anything reasonable? With subprime mortgages a thing of the past, if you have less-than-perfect credit an FHA loan may be just what you need. An FHA loan is a federal assistance mortgage loan, backed by the Federal Housing Administration that insures lenders against loss, in case the borrower is unable to meet the terms of the loan.

These days, nothing in our economy is certain. In reality, many people and businesses are still in good financial shape, but for many others things have gotten quite a bit more difficult in recent times. Some people have had to close their businesses, and been foreclosed upon. Unfortunately sub-prime mortgage loans have gone the way of the dinosaur, due to the recent nation-wide crisis of which they were the center, and it's become more and more difficult to know where to turn when your financial wellbeing is on the line.

Earlier this year, the Economic Stimulus Act of 2008 was enacted by congress and the Bush Administration, in an effort to stimulate business investment and attempt to avert impending crisis and recession. Needless to say, their efforts haven't seen success so far, for reasons everyone is familiar with. What you probably remember about the act is that you received a $300-$600 rebate check after filing your taxes, but what you may not recall is that the act also had a profound effect on the ceiling for FHA-insured home loans.

The latest Gallup Polls on consumer confidence aren't saying good things. Only around 5% of American consumers believe our economy is in good shape. And only about 12% think it's going to get better in the near future. But who can blame them? Housing prices have plummeted, foreclosures have been on the rise, and major lending institutions have recently found themselves on the verge of bankruptcy.