Owning
There are currently many ways for a mortgage lender to restructure a FHA loan and refinance it through a FHA Streamline Refinance. Typically, this type of loan is more common in extremely low interest rate environments as there are still fee’s and expenses associated with the new mortgage. When interest rates fall low enough, lenders [...]
Continue reading about FHA Streamline Refinance:How does it work?
One of the most important factors in buying or refinancing a home is your credit score. Your credit score is one of the major determining factors when financing a home. Your credit score is one of the three C’s of qualifying for home finance (credit, collateral, capacity.) Here are some frequently asked questions: What is [...]
Mortgage interest rates are historically as low as they get. Although there is daily fluctuation in exact rates, there are many things in place that will ensure they don’t go much lower. However there are a lot of factors in play that will definitely add pressure on the market to higher rates. From the FED [...]
Continue reading about The Clock is Ticking on Low Interest rates…
Today November 17th 2009, the United States is a very different place than it was just 10 years ago. A lot has happened in the last 10 years. We have seen Y2K come and go. We have seen mortgage interest rates above 9% and we have seen mortgage payment rates below 1%. The housing market [...]