Question by booie: Can you bargain a lower rate with higher down payment?
If you place a large down payment can you lower the mortgage rate?
Best answer:
Answer by Judy
Very possibly. Check several lenders to see who has the best terms.
What do you think? Answer below!
Banks cut mortgage debt for 550000 struggling home buyers
The deal was struck a year ago by the federal government and 49 states with the five largest U.S. mortgage servicers: Bank of America Corp., pills JPMorgan Chase & Co., ambulance Citigroup Inc., Wells Fargo & Co. and Ally Financial Inc. Under the settlement, the five …
For more informaiton please visit here…
Justice Department Probing JPMorgan Over Bear Stearns Mortgage Products
In another sign U.S. authorities are actively pursuing mortgage-related inquiries, the inspector general's office of the Federal Housing Finance Agency is hosting a training session this week with members of the RMBS working group, including federal …
More informaiton please visit here…
CORRECTED-Canada housing agency cuts 2013 forecast, sees firmer 2014
Canada's housing market, which roared higher in 2011 and the first half of 2012 aided by low interest rates, started slowing after the federal government tightened rules on mortgage lending in July in a bid to cool things down and prevent home buyers …
If you would like more informaiton please visit here…
What is an FHA Streamline Loan?
The Federal Housing Administration (FHA) created streamline refinancing back in the early 1980's to provide homeowners who have an existing FHA-insured mortgage a more efficient method of refinancing into another FHA-insured loan. FHA streamline …
For more informaiton please visit here…
Nations Lending Corp. Reports 2012 Mortgage Refinancing Growth
In May of 2012, page the FHA, HUD Direct Endorsed Lender and Automatic VA Lender began streamlining the process of lending to borrowers. By February of 2013, NLC was reporting cumulative increases in refinancing mortgage loans in 2012, relative to 2011, …
More informaiton please visit here…
Mortgage Rates: Rates Holding On as Consumer Sentiment Bounces Back
By using the FHA streamline, homeowners can refinance without the need of an appraisal, a credit history or any other information as long as there is no cash out. Approval is mainly based on mortgage payment history and a required benefit to the …
For more informaiton please visit here…
