Information about home mortgage loans for purchase or refinance
We have an FHA loan and our interest is at 6.5% and we were thinking about refinancing, but everyone keeps telling us we will have to have another FHA loan to get it at a fixed rate, otherwise we have to go conventional. We want to get out from under the FHA monthly fee, so does anyone know if this is true?
I have heard on the news that we can petition our lender for a fixed rate. They also gave a phone number to a place called, Homeowners Unity Foundation whom I talked to, and they say they charge 00.00 to help you because they work with lawyers that help the process move faster. But they do not guarantee results. Can anyone give me some insight or suggestions?
if i have a 30 year lone with a fixed rate for 10 years am i aloud to pay it off in 10
Have a 3 year fixed rate w/ 30 year Arm….want a 30 year fixed. Property values have gone down slightly in my area
My husband and I have been interested in buying a house. We recently relocated to this area and have taken our time to find a house we like. We found one but it says this:
Mortgage is assumable for qualified individuals, current mortgage is about 120K with 30 year fixed rate of 6.625%, loan via wells fargo native american lending dept. must be a member of any Native American tribe to qualify for assumption-requirements are NOT BASED ON CREDIT SCORE.
Any feedback is appreciated. (We are Native American, so I don’t think that is a problem). What does this mean?
Tags: assumption, buying a house, credit score, current mortgage, fixed rate, native american tribe, wells fargoWe have an FHA loan and our interest is at 6.5% and we were thinking about refinancing, but everyone keeps telling us we will have to have another FHA loan to get it at a fixed rate, otherwise we have to go conventional. We want to get out from under the FHA monthly fee, so does anyone know if this is true?
A first-time home buyer, looking to buy a home sometime this year. Looking at the economy, what is the best strategy for mortgage. 30-fixed or ARM ? what are their pro’s and con’s?
ARM is much lower interest and it has been lower than fixed, right? even in the long run, it should still be lower than fixed rate?
What do you think?
^_^
Tags: Economy, first time home, first time home buyer, fixed rate, mortgage, time home buyerIts A Rental Property For 130,000. What Is The Fixed Rate For That?
I Dunno, My Aunt Just Called me expecting me to know, so yea….
I am an older student, back in school and getting a second degree and do not qualify for most loans out there. I have maxed out my Federal/Stafford loan and am looking for a good fixed rate private loan. Are there any out there? Do they even exist?
I have talked and gone over different programs and rates countless times now, and find the programs are so many and complicated, I don’t know which way to go. Please tell me if there is an official office or business that directs persons refinancing, etc with the right information and what to look for when applying. I have stopped doing anything on my home because of the conflicting offers and interest rates.
Example: one lender offered 5.75% fixed rate-interest only for 5-7-or 10 years, with a payment of ,245.00 per month. Another lender said, that’s not possible, and offered the same deal, except 6.75 fixed rate. He said, better ask how much of your money you will be paying to the lender over the term you choose, etc. They either will charge points, or there is more to the loan than they are stating.
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