Nationwide Mortgage understands the growing demands of American consumers so we are always adding home loan programs so borrowers can be sure they are getting the best mortgage refinance and purchase programs.
Blogroll
FHA Refinancing
- This is a great FHA blog that provides mortgage updates for FHA lending products.
Government Mortgage
Check out the government loan programs from FHA, VA and the USDA.
Loan Modification
- Consider refinancing alternatives before foreclosure.
FHA Mortgage
FHA Mortgage
- Finance a New Home with only 3% Down
Mortgage rates have dropped to 4.75% so why haven’t you consolidated your 1st and 2nd mortgage into a fixed rate mortgage that is affordable? Many people bought their first home with the 80-20 combo loans. Everyone loves no money down and the 20% second mortgage is as clever loop-hole for avoiding the costs of private mortgage insurance. The goal of course is for you home’s equity to appreciate 20% as quick as possible, so you can refinance both loans together for one new mortgage with a rate reduction, and lowered monthly payments, and still avoiding private mortgage insurance.
* Simplified 1st and 2nd Mortgages
* Low Rate Refinance Loans
* FHA Mortgage Refinancing
* Home Loan Consolidation
Fortunately the Fannie Mae & Freddie Mac 30 year fixed rates haven’t spiked too much as it still hovers in the 6% range. The 3/1, 5/1, and 7/1 interest only arms have been affected adversely by the Fed’s new rate policies. Just a few years ago these hybrid mortgages were well over a 1% lower than the 30 year fixed rates. Add the interest only feature to those adjustable rate loans, and homeowners were saving hundreds of dollars every month with those historically low terms.
As the popular 3/1 hybrids reach the period when the fixed rate disappears, and now the adjustable rate kicks in with high margins from the Libor and MTA Indexes. The bottom line, the average Americans are waking up one morning only to find their mortgage payments have jumped up $350-$600 a month. Now you have two adjustable rate mortgages with increased monthly payments that you can no longer afford. Now you are you feeling what mortgage executives call “payment shock” and now the topic of “housing Affordability” has shifted into a bad topic. Talk to a loan officer now and discover what mortgage refinance opportunities are available for you.
My Husband passed away, we have our mortgage and a second morgage which we in his name, I understand Im responible for that… My question can I combine and just have one loan. The second mortgage loan is 8.1.
Thank You – Susan E Otto
FHA Mortgage Loans for Low Rate Refinancing & Purchase
Take advantage of low FHA rates available for mortgage refinancing and homebuying opportunities. Affordable FHA mortgages are available to borrowers who meet the FHA loan requirements.
1 Comments
April 21st, 2011 at 5:01 am
My Husband passed away, we have our mortgage and a second morgage which we in his name, I understand Im responible for that… My question can I combine and just have one loan. The second mortgage loan is 8.1.
Thank You – Susan E Otto