Mortgage Loans

So whether you are a first-time homebuyer or you are looking to refinance your current mortgage, an FHA loan may be right for you! Benefits of FHA loans- Low down payments: FHA loans only require a down payment of as little as three percent! To apply for an FHA loan, follow the steps below:- Call your local bank and find out if they offer FHA loans. - Once approved, FHA will send out an FHA loan packet with instructions for closing costs and closing date. So if you're ready to apply for an FHA mortgage, head over to our website and we'll help get you started!

Fetcharate | Low Home Purchas RatesFast & Free Rate Quotes! com is not a banker or lender (Service Provider). The information collected is not an application for credit or a mortgage loan, nor is it used to pre-qualify you with any Service Provider. The example loan rate of 4. On a 500,000 loan the monthly savings would be $500 which is $6,000 annually and $180,000 over the life of loan.

Freddie Mac Spikes Over 1%Money’s latest report is a tough pill to swallow: the current average mortgage rate of 4. When asked about cooling home prices, Redfin’s deputy chief economist, Taylor Marr, noted the long standing history of rising rates dropping home prices to an absolute minimum. When looking at the data, we see that an average mortgage rate increase of 1% drops home prices by 5% or more. In other words, higher mortgage rates ultimately drop the costs of everything else (especially home prices themselves), meaning more savings than ever for home buyers. If they jump even higher, up to 7-8%, like they were after the Great Recession of 2008, we could see home prices drop dramatically.