Sentences with phrase «favorable fixed rate mortgage»

Not exact matches

Homeowners refinance their mortgages for a variety of reasons; to secure more favorable terms like a lower or fixed rate, or to cash out equity for improving their property, consolidating debt, or paying for big ticket items like a college education or medical procedure.

Aside from low down payments and favorable credit guidelines, FHA home loans have also been quite known for their plain vanilla fixed interest rate mortgages.

If you have a fixed rate mortgage but interest rates are going down, switching to an adjustable rate mortgage can help you get a more favorable interest rate.

Housing affordability conditions are forecast to remain favorable through next year, with the 30 - year fixed - rate mortgage staying near record lows for the balance of this year but gradually rising to 4 percent in the second half of 2013.

Affordability conditions remain favorable in much of the country, but consumers need access to safe and sound financing, particularly the 30 - year fixed - rate mortgage, and with low downpayment options for first - time buyers,» Yun said.