Is an FHA mortgage the best choice if you have bad credit?
What if you have a low down payment, or even no down payment from your own savings?
If you're ready to quit renting right here and right now, let's learn how to rock an FHA home loan:
Watching the world wake up,
Rob Spinosa SVP of Mortgage Lending Guaranteed Rate NMLS: 22343 Cell/Text: 415-367-5959 rob.spinosa@rate.com
Marin Office: 324 Sir Francis Drake Blvd., San Anselmo, CA 94960 *The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved (9 comments)
If you know me, you know that I don't like to stick to convention. I was the teenager who skipped college, moved to Hollywood and played rock guitar. In my 20's, I saved up vacation time not for sandy white beaches but instead for expeditions to the harsh mountain environs of the world's highest peaks. In my 30's, I dove (literally) into the sport of triathlon --- an endeavor, to quote my Aunt Marge, that would be something she'd "rather die a thousand deaths" before contemplating. When I come to the fork in the road where straight and (10 comments)
As I type this blog post, it's raining outside, pouring actually. And that's fitting because if you've been looking to get a mortgage since the presidential election, you've been facing your own personal deluge of sorts as well. Interest rates are higher, no doubt about it, and the worst two week bond rout in the last 26 years has translated into approximately a half percent increase in rates to most programs.
So how bad is it?
There's a few ways to look at this, and the chart below shows that bond prices are approaching where they were exactly one year (5 comments)
“Politicians and diapers must be changed often, and for the same reason.” ~Mark Twain
There is no escaping it; debates, primaries and non-stop political rhetoric across all media channels. It’s 2016 and it’s an election year. While it may be possible to find precise and scientific analysis on interest rate trends during the months before and after we elect a new President, it’s important to keep things in perspective if you find yourself wondering where mortgage rates could go this year, and whether or not ballot box results should be taken into consideration when buying (18 comments)