Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many [...]
Archive of posts tagged valparaiso mortgage loan
8 ways to improve your credit score
8 Ways to Improve Your Credit Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for. 1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for [...]
Home Loan Rates from Becky Novak
FHA Rates for 9/25/09 $200,000 4.75% $150,000 4.75% $100,000 4.875% $75,000 5.0% $50,000 5.25% (Please note that we are in a volatile rate environment. All rates are subject to change at any time.) (All rates assume a 1% Origination Fee and 620 Credit Score) Becky Smith-Novak [...]
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