Aundrea Beach-Greco Mortgage Blog FHA Mortgage Rates Hover Near All-time Lows November 7th, 2011 11:24 AM 11-7-11 Mortgage rates fell last week as worries of sovereign defaults in Europe roiled the markets. This week the focus has shifted from Greece to Italy. There are rumors that Italian Prime Minister Silvio Berlusconi’s government may fall apart, forcing him to resign. In any case, rates are now near 60 year lows. Are you a renter who is looking to take advantage of the current low rate environment? If you’re a first time home buyer with a good credit history, you might want to look into getting an FHA mortgage. The reason FHA mortgages are so popular with first time home buyers is that they only require a down payment of 3.5% of the purchase price of the home. Many traditional sources of financing require a down payment of 20 percent or more, and it can take years to save that much money. If you already have an FHA mortgage, and are looking to refinance, we can help you out with an FHA streamline refinance. Streamline refinancing frequently does not require a new home appraisal, which saves time and money. If you have a history of good credit you may be able to qualify for an FHA mortgage. Call today in order to speak with us. We are able to run a pre-approval quickly and easily over the phone. Aundrea Beach-Greco The Beach-Greco Team Mortgage Advisor, CMP, CMPS (702) 326-7866 info@aundreabeach.com Posted by Aundrea Beach-Greco on November 7th, 2011 11:24 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: April 2012: HARP 2.0 Update for NV New FHA rule will affect credit for homebuyers as of April 1st FHA 203(k) for Foreclosure Fix-Ups How Many Times Can You Refinance With The FHA Streamline Refinance? Gov't Aid for FHA Streamline Refinances! Changes to FHA MIP: Realtors and Current Buyers need to know! FHA changes to Mortgage Insurance as of 4/1/12 Foreign Nationals...Financing is available Documents That Help You Maximize Real Estate Tax Breaks FHA Mortgage Rates Remain Below 4%...For Now... 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