Why FHA? If you have been qualified at a higher rate than you expected or denied because of your credit a FHA (Federal Housing Administration) mortgage may be your little known savior. FHA loans are guaranteed mortgage loans that are backed by the government. Since the U.S. government guarantees these loans the mortgage rates are (many [...]
Continue reading...9. September 2008
All of America has heard the news about the government bailing out Fannie Mae and Freddie Mac. This has caused a downward spiral for mortgage interest rates. What does this really mean for you? It is possibly your best chance to get the lowest rate that 2008 has to offer, but you have to watch out for a [...]
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8. October 2008
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