FHA, Falling Interest Rates and Tightening Guidelines
Rates, FHA January 19th. 2008, 6:17pmThe one thing that sticks out to everyone is Falling Interest Rates… With all the termoil in the mortage industry rates are doing very well. A lot of people are now qualifying for rates in the 5’s… That includes some FHA canidates.
With the changes in the mortgage industry there are currently things that affect the rate you will receive that have not been around before. Credit score hits are the #1 thing that are determining you to get the lowest rate, but not the only thing. If your rate is over 6.5% or an adjustable now is the time to see what you qualify for to get that mortgage payment down to a rate and payment you will not have to touch for a very long time…
January 30th, 2008 at 11:22 pm
Just closed on a loan with Jeremiah..It was a tough deal..Stated Income..Jeremiah did a great job taking me through the process step by step. In fact, I truly believe that he did the impossible by securing a high LTV loan utilizing a stated income program in a mortgage atmosphere that is so very tumultuous.
I found Jeremiah through this very site, and I encourage anybody who has a need for a refi to work with him..He will get you through it. Step by step..I know it was tough at times Jeremiah..But I thank you from the bottom of my heart..
Abby