Total Mortgage currently offers one of the lowest FHA mortgage rates in Connecticut. At Total Mortgage a 30 year fixed FHA loan is available at 4.000% rate with 5.178% APR. FHA mortgages have become more and more popular over the last four years, and now is a great time to take advantage of record low mortgages rates whether you are a first-time home-buyer or if you are refinancing your current mortgage.
A fixed FHA mortgage loan is similar to a fixed conventional mortgage loan in that the interest rate remains the same for the life of the loan. There are several benefits to FHA mortgages compared to traditional mortgages. Down payments can be as low as 3.5 percent. Additionally, credit requirements for FHA mortgages are often not as stringent for standard mortgages because they are insured by the FHA. One of the downsides is that FHA mortgages cost more than traditional mortgages because the borrower needs to pay for mortgage insurance.
Continue Reading...
For more information visit Fha now.
FHA VS CONVENTIONAL LOAN
ARE YOU LOOKING TO REFINANCE?
No hay comentarios:
Publicar un comentario