when applying for a fha loan is there a web sight so i can wach the rates. iwas told to me that the mortgage b
Question by Nora S: Is your lender participating with the FHA underwater mortgage refinance program? Called my lender and was told Nope. NH Housing is my lender. Best answer: Answer by SAMhttp://nxnoo.com/ Add your own answer in the comments! Question by sherri l: when applying for a fha loan is there a web sight so i can wach the rates. iwas told to me that the mortgage b rates? the mortgage broker said it was up to her to watch the rates, sales but i think its my job to watch for rates. she said today 3/25/08 that with a credit score of 750 my fixed fha rate was 6.25%. I FIND THAT HIGH? there has to be a web site i can find my own rates to lock in. thank you Best answer: Answer by Lisa Eno web site.. each compay has differnt rates. not one will have the same. You will have to shop but do not let them pull your credit. I will tell you rates went up yesterday by a half a point. The rates are based on the market . If the market is doing well then rates go up. if the market is crap then rates go down. The feds do not control the mtg rates. the market does. What do you think? Answer...
Read MoreI am applying for a FHA home loan. The mortgage broker says the rate is 6.5% but the document states APR 7.5%?
by telwink What You Should Know Before You Apply for a Commercial Loan Article by Sandeep Thakur For more informaiton please visit here… Question by aginzo: Can you include closing costs into a FHA loan? I am buying my first home here in Orlando, sildenafil Fl and I was told you can finance your closing costs within your FHA loan. Does anyone know out there that has come into this situation? Any Florida mortgage brokers out there? Best answer: Answer by Sw33tzyes, you can. =) Add your own answer in the comments! Question by George: I am applying for a FHA home loan. The mortgage broker says the rate is 6.5% but the document states APR 7.5%? The broker says my rate will be around 6.5% but they have to state APR 7.5% because it has to includes Mortgage insurance because of not putting 20% down. Is this correct? I understand I have to pay the PMI but should my APR be around the 7%? The loan is around $ 400K 3% down. Best answer: Answer by Beverly SIt’s not just the mortgage insurance- it’s any closing costs involved which are classified as interest- so any points etc. are added to the APR & that rate is your 1st years combined rate. However, site a whole 1% difference seems excessive to me. Mine are usually about 1/2% higher. Sounds like they are hitting you pretty hard on closing costs. Also, mind I don’t like the sound of your broker saying your rate will be “around 6.5%” tell him to Lock it- FHA rates are rising 6.5 % is actually really good right now. Good luck! Give your answer to this question...
Read MoreFHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage?
the destruction of Wamu But the majority of Washington Mutual problem loans were prime mortgages and home equity loans. Grind reports that 70% of the options ARM mortgages and 90% of the home equity loans were taken on the basis of “stated income” instead of … For more informaiton please visit here … Question by vixxen: FHA loans do not allow default on a Federal Loan.What if I pay off the loan prior to applying for FHA mortgage? Will I get the loan? I have about 10% down… Best answer: Answer by Jay CFirst of all, decease if you have a previous foreclosure(does not matter if it is FHA/VA/Conventional), information pills you MUST wait 3 years before you are eligible to apply for another FHA loan. This is the critera from the FHA itself. So if it has not been 3 years, I’m afraid you are not eligible for an FHA. Secondly, if it has been 3 years since the foreclosure, and if you HAVE perfect credit since, you may be APPROVED for another FHA. HOWEVER, FHA will TYPICALLY REQUIRE that any outstanding collection accounts be paid BEFORE being able to close on the loan. So whatever amount is showing on any collection(including your foreclosure), must still be paid before you can close. I wish I had better news for you but unfortunately this is the criteria for an FHA Give your answer to this question...
Read More[ F1 News: ] What to Remember When Applying for Stated Income Mortgage Loan
by Alan Vernon. What To Remember When applying for Stated Income Mortgage Loan article by Shawn Manaher If you would like more informaiton please visit here …
Read MoreI am applying for an $81k FHA mortgage loan. What kind of interest rates will I get?
Question by Patricia A: I am applying for an k FHA mortgage loan. What kind of interest rates will I get? My wife and I are purchasing a foreclosure and got preapproved for a loan for $ 90k. I will actually only need $ 81k for the FHA loan. My credit is around a 650 and hers is around 670-700 range. What kind of interest rates will we get approved for? I know interest rates are extremely low right now. Best answer: Answer by MikeyThe news is reporting 4.5 percent interest on a 30 year fixed. With your credit score I would expect about 5 to 5.5 percent. An FHA will not have PMI…………… Give your answer to this question...
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