For more specific information, get Los Angeles mortgage rates, San Diego mortgage rates, San Jose mortgage rates, San Francisco mortgage rates, Long Beach mortgage rates, Sacramento mortgage rates, Fresno mortgage rates, Oakland mortgage rates, Santa Ana mortgage rates, Anaheim mortgage rates
|Unlock Bank||3.875||30 Year Fixed||Jumbo||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||3.625||30 Year Fixed||Conforming||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.5||15 Year Fixed||Conforming||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.25||5 Year ARM||Conforming||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.375||15 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.625||15 Year Fixed||Jumbo||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.5||5 Year ARM||FHA||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||2.375||5 Year ARM||Jumbo||0.7 to 3||Show Phone Number||Learn More|
|Unlock Bank||3.25||30 Year Fixed||FHA||0.7 to 3||Show Phone Number||Learn More|
By: Rosemary Rugnetta | June 13th, 2013
Many homeowners have taken advantage of the FHA streamline refinance program which is a quick and easy way to move to a better mortgage. While home buyers may think twice before opting for an FHA home purchase loan due to changes in guidelines, this is not the case for those who are refinancing. The FHA streamline program is still a bargain for homeowners who have FHA loans.
With the FHA streamline, the loan to value is insignificant. While other FHA guidelines have become stricter, the streamline with no cash out does not require a credit check or income verification. FHA uses the current mortgage payment history as proof of credit. It is required that the borrower have a satisfactory on-time mortgage payment history with FHA.
A current loan to value ratio is not necessary which means that an appraisal is not ordered by the lender. The FHA guidelines allow the use of the original value of the property when processing a streamline loan.
At this time, FHA loan rates are still low and competitive. In fact, as mortgage rates have been fluctuating, FHA loan rates are currently lower than conforming rates. With this in mind, the FHA streamline program is still a bargain for homeowners who already have older FHA loans. As an added benefit for homeowners who have FHA loans that were endorsed prior to June 1, 2009, the upfront and annual mortgage insurance premiums continue to be drastically reduced, an offer that is available until the end of 2013.
FreeRateUpdate.com researches and reports advertised rates of active lenders within the FreeRateUpdate.com network.
Latest HARP Mortgage News December 11th, 2013
4 Options for Jumbo Loans Before QRM
By: Rosemary Rugnetta | May 28th, 2013
With seven months left to this year, 2013, consumers who are considering a home purchase should think about doing it now or, at least, very soon. At this time, there are options for jumbo loans before QRM goes into full … Continue reading
Reasons to Refinance Before Summer Selling Season
By: Rosemary Rugnetta | May 21st, 2013
When it comes to refinancing a mortgage, there are always many factors to consider besides the current mortgage rates. The individual reasons behind refinancing come into play and are just as important a financial decision as was the original loan … Continue reading
Calculating the Break-Even Point When Refinancing
By: Rosemary Rugnetta | May 9th, 2013
When refinancing a mortgage, there are many questions to consider in order to know whether the borrower is going to benefit from the transaction. One of these has to do with the break-even point and when it will occur. By … Continue reading
Mortgage Rates: Rising Home Prices Drive Housing Recovery Forward
By: Rosemary Rugnetta | May 1st, 2013
Rising home prices continue to drive the housing recovery forward as was seen in the most recent S&P/Case-Shiller Home Price Index. The indices showed that average home prices rose 8.6% and 9.3% for the 10 and 20 City Composites for … Continue reading