September 1, 2010 (FreeRateUpdate.com) – Homeowners are finding it particularly difficult these days to sell their homes. According to the National Association of Realtors, demand for single family…
Archive for FHA Loans
Borrowers Take Advantage of FHA-Refinance After Inability to Sell Homes
August 31, 2010 (FreeRateUpdate.com) – Homeowners are finding it particularly difficult these days to sell their homes. According to the National Association of Realtors, demand for single family…
Get Your Low FHA Loan Rate Now, FHA Closing Costs to Rise Soon
August 27, 2010 (FreeRateUpdate.com) – Earlier this month, the Senate approved legislation that allows the Federal Home Administration (FHA) to increase the monthly mortgage insurance premiums…
FHA Mortgage 101: Locking Your FHA Loan Rate
August 24th 2010 (FreeRateUpdate.com) – Even though FHA mortgages have become quite popular during the past several years, understanding what they are all about is still somewhat of a mystery to…
First-Time Home Buyers Benefit from Low FHA Mortgage Rates; 3.5% Down Payment
August 18, 2010 (FreeRateUpdate.com) – Many people were not able to purchase homes during the housing boom that occurred just a few years ago. Home prices skyrocketed putting them out of reach for…
FHA Mortgage 101: Getting a Pre-Approval for a Home Purchase
August 17, 2010 (FreeRateUpdate.com) – Purchasing a home should be a pleasant experience from the time someone first visits a real estate agent to the time of closing. To achieve this, the most…
FHA Loans Insured but Costly
August 13, 2010 (FreeRateUpdate.com) – The interest rates on FHA and conforming loans are very similar. Currently, a 30 year fixed conventional loan is 4.125 percent and an FHA loan is 4.0 percent….
FHA Mortgage 101: Down Payment
Many people feel that they are left out of the home buying market due to the required down payment necessary to close the transaction. This is not necessarily the case when purchasers choose an FHA…
FHA Mortgage 101: Mortgage Insurance
August 6, 2010 (FreeRateUpdate.com) – The Federal Housing Administration insures mortgage loans originated by FHA-approved mortgage lenders. The FHA sets qualification guidelines for mortgage loans…
FHA Mortgage 101: FHA Streamline Refinance
August 6, 2010 (FreeRateUpdate.com) – The Federal Housing Administration began offering streamline refinancing in the early 1980s as a way to help homeowners lower their interest rates and monthly…