Question by MT: What are some lenders with the lowest mortgage rates for Colorado?
I am looking for a FHA 30 fixed loan and want some lenders with the lowest rates. It is usually around 6% but if you have a lender that can offer lower I want to know. Please only Colorado lenders because each state has different laws.
Best answer:
Answer by George
Unless you have a fixed-rate mortgage, viagra order store the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.
Know better? Leave your own answer in the comments!
Mortgage Rates : FHA Mortgage Rates Plunge Overnight
Most mortgage-backed securities worsened Wednesday, side effects including Fannie Mae 30-year 3.0 coupon which lost 7/32 to close at 105.24. Ginnie Mae bonds, however, made big gains with the GNMA 30-year 3.0 coupon rising +12/32. FHA mortgage rates moved …
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What Does "FHA" Stand For?
When it comes to home mortgages, most people associate the acronym "FHA" with the Federal Home Administration. In the case of Daniel, as I suspect with millions of Americans with FHA-insured mortgages, the acronym would more appropriately stand for …
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Mortgage Rates: Low Mortgage Rates Stable As Residential Construction …
Multiple mortgage programs are in place to fit a variety of loan scenarios and borrowers' needs. Having low down payment requirements and flexible credit qualifying guidelines has helped FHA become one of the most popular mortgage programs especially …
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Question by Carl W: How do I get a home equity loan on secondary residence with no job?
I’m currently layed off work, there its only temporary, and I still have all my bills are paid, and good credit. I also have a vacation home with tons of equity. I want to get a small home equity loan, but have been having no luck.
Every lender wants me to be either currently employed, and/or have the property be my primary residence. How can I find a way around that? I just need a small loan, and there is way more than enough equity to cover it.
Best answer:
Answer by GVD
There is no way around it. No job, no loan. No one is going to let you cash out on a second residence without income. There is nothing that would prevent you from taking the equity out and then defaulting.
You don’t seriously believe you can get a mortgage without a job do you?
Give your answer to this question below!
You don’t. No lender will give a loan to someone with no way to pay it back.
Not a chance. You must be employed. And home equity loans (HEL/HELOC) are only available on primary residence. Consider renting out your second home for income, or at least cover all its expenses. Or sell it, if you can.