Question by VG: what are the current home mortgage interest rates?
Best answer:
Answer by ngokussj5
6.32%
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Question by Matt: Recommendation on FHA loan lender?
I have been in the “Eligible” status for my FHA loan for at least 3 weeks trying new things to get an approval. Need more lender options to go with.
I own a home currently and including a $ 380k (which I’m trying to get approved) I would have a DTI of 57%.
Does anybody know of a lender who can work the system???
Need help ASAP!
Best answer:
Answer by Expert Realtor
Federal lending laws set predatory lending at a back end ratio of 55%.
Predatory lending is NOT illegal, discount however, cost banks that make such loans have to provide more detailed information about the financial means of borrowers that get those loans…so banks usually don’t loan on a back end ratio of over 55%
Subprime even has a 55% limit.
FHA…you can forget about…they won’t go that high…period.
It’s not about “working the system”…you are wanting for someone to commit loan fraud and is a felony, and you’ll be hard pressed for someone to go to prison just so you can buy a house you can’t afford.
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HARP Loan & Refinance Program : Making Home Affordable
The Home Affordable Refinance Program (HARP) is a U.S. government-backed mortgage program for homeowners whose homes have lost value since purchase. The HARP program was first launched in early-2009 as part of the Making Home Affordable …
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Real Estate Matters | Rejected for HARP refi? Try again.
How can I refinance? Unfortunately, ask if you don't qualify for a Home Affordable Refinance Program (HARP) loan, online it will be difficult to refinance your property if you're truly underwater. That's because you don't have enough equity to repay your original …
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Leeds BS launches 10-year fixed rate mortgage – but is a 0% interest offer for …
In comparison, decease Leeds has a separate Help to Buy equity loan mortgage, without the interest-free period, with a rate of 2.50 per cent and £199 fee. Five years. Five-year fixed rates are often seen as the most suitable buffer to interest rate rises and …
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Today's Mortgage Interest Rates at US Bank Corp (May 7, 2014)
As of now, the qualified home loan seekers can acquire the fixed and flexible home loan packages at the same interest rates, without burning a hole in their pocket owing to the increased interest rates, which is the case with some other mortgage …
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Current Mortgage Home Loan Rates at US Bank Corp on April 28, 2014
As of now, in the latest mortgage charts released by the bank, the fixed as well as flexible home loan deals are being traded at the same interest rates as last week, thereby bringing along no change in the demand of its loan products in the market.
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