Is a FHA 30 yr fixed mortgages interest rate changeable? - best fixed interest rate mortgage
Someone told me that the interest rate on loans fall in May, but not until 30 in some FHA mortgages at fixed prices. Is that true?
Monday, January 4, 2010
Best Fixed Interest Rate Mortgage Is A FHA 30 Yr Fixed Mortgages Interest Rate Changeable?
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2 comments:
You can reduce a "STREAMLINE REFINANCING at the sentence .... not asked for documentation of income or of revaluation.
Closing costs are lower streamline, refi's.
FHA loans are assumable ... Your interest rate and you can transfer to the new owner ... or the owner will receive a lower
I fear that the information is a little sore.
If a loan is a fixed rate loan, regardless of whether it is an FHA loan or other source, the rate fixed, which means you can not change.
FHA loans are no different from other loans, except that by the Federal Housing Administration and a slightly different rate and process of a loan are insured not insured by the FHA.
If you get an FHA loan at a fixed rate of 6.5%, for example, your loan is 6.5% for the duration of the loan. You can not even walk more and not at all.
Loans that are up or down, variable rate loans, no fixed rate loan. And yet, if a fixed or adjustable loans has nothing to do with an FHA loan.
The FHA is an excellent solution for those without a large down payment or perfect credit. In fact, there are no credit rating of at least FHA loans. There are several factors involved in the qualification, unlike other loans, credits can be very low.
We hope that your answersstion!
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