Get 2% Mortgage Rates with New Mortgage Refinancing Options from Obamas Stimulus
Mortgage refinancing options now exist for nearly every homeowner who is struggling to make their monthly mortgage payments. This is all because of a $75 billion stimulus program from President Obama called the “Making Home Affordable” plan. This housing stimulus plan enables millions of people to easily get approved for a mortgage ...
4 Killer Reasons To Take Reverse Mortgages On House
The reverse mortgages on house are convenient, because the lender pays to you every month and you have not to do any monthly back payments.
1. Who Can Qualify?
This is one of the most convenient benefits. Everyone, who owns his home and is age 62 or older. The lender is not interested about your credit information nor your income, because the reverse mortgages on house will be paid back total...
Mortgage Rates Continue To Rise: Are Sub 5 Rates Gone Forever?
So are sub 5.0 rates gone forever? The short answer is probably yes. While rates might briefly fall below 5 in the next month for the most part the era of sub 5.0 rates is over. Mortgage rates rose for the third straight week. The thirty year rate rose from 5.00 to 5.03. The 15 year rate rose from 4.43 to 4.46. The 5 and 1 year rates rose from 4.40 to 4.42 and 4.54 to 4.57. Its interesting to note that the 1 year arm has had a higher rate than the 5 year arm for the last few weeks. Below are rates for the last few weeks.
Oct 29, 2009
30-yr 5.03 15-yr 4.46 5-yr ARM 4.42 1-yr ARM 4.57
Oct 22, 2009
30-yr 5.00 15-yr 4.43 5-yr ARM 4.40 1-yr ARM 4.54
Oct 15, 2009
30-yr 4.92 15-yr 4.37 5-yr ARM 4.38 1-yr ARM 4.60
Oct 08, 2009
30-yr 4.87 15-yr 4.33 5-yr ARM 4.35 1-yr ARM 4.5...
What Is A Reverse Mortgage!read Before You Apply
What is a reverse mortgage? To put it simply, it is an opportunity for a senior to get cash money and to avoid the monthly payments. The reverse mortgage will be taken against the equity of your home, which you have paid through the years.
1. The Main Benefit Comes In The Form Of The Cash Money
If a senior needs more cash money to be able to take care of his every day expenses, he can take a reverse mortgage loan against the equity of his house. The lo...
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