Comments on: FED Rate and Mortgage Rates http://3poundsofrealestate.com/2008/01/30/fed-rate-and-mortgage-rates/ Just another WordPress weblog Thu, 09 Feb 2012 01:34:48 +0000 hourly 1 http://wordpress.org/?v=3.3 By: FHA Refinance http://3poundsofrealestate.com/2008/01/30/fed-rate-and-mortgage-rates/comment-page-1/#comment-120 FHA Refinance Wed, 06 Feb 2008 19:12:21 +0000 http://www.3poundsofrealestate.com/2008/01/30/fed-rate-and-mortgage-rates/#comment-120 are many great reasons to choose an FHA loan product: 1- You are a first-time homebuyer 2- You don't have very much money to use as a down payment 3- You want the smallest monthly payments possible 4- You are worried about qualifying for the loan 5- You have a troubled credit history If any of these describe your situation, then an FHA loan is for you. FHA-insured loans offer many benefits and protections that you won't find in other loans including: Small down payment: FHA loans have a low 3% down payment and the money can come from a family member, employer or charitable organization as a gift. Other loan programs don't allow this. Lower cost: FHA loans have competitive interest rates. Always compare an FHA loan with other loan types. Easier qualification: Lenders may be more willing to give you loan terms that make it easier for you to qualify. Troubled credit history: You don't have to have perfect credit to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan. are many great reasons to choose an FHA loan product:

1- You are a first-time homebuyer
2- You don’t have very much money to use as a down payment
3- You want the smallest monthly payments possible
4- You are worried about qualifying for the loan
5- You have a troubled credit history

If any of these describe your situation, then an FHA loan is for you.

FHA-insured loans offer many benefits and protections that you won’t
find in other loans including:

Small down payment: FHA loans have a low 3% down payment and the money can come from a family member, employer or charitable organization as a gift. Other loan programs don’t allow this.

Lower cost: FHA loans have competitive interest rates. Always compare an FHA loan with other loan types.

Easier qualification: Lenders may be more willing to give you loan terms that make it easier for you to qualify.

Troubled credit history: You don’t have to have perfect credit to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to qualify for an FHA loan than a conventional loan.

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