Sentences with phrase «get a lower mortgage rate if»

Refinancing to an FHA mortgage may be your only option for getting a lower mortgage rate If your home value has declined, and your mortgage amount is close to the amount your home is currently worth.

2) Although you'll have to pay mortgage default insurance, you're more likely get a lower mortgage rate if you put 19 percent down, as opposed to 20 percent.

Not exact matches

If you initially get a mortgage with a rate of 5 % and learn you can refinance to a mortgage with a rate of 4 %, you might decide it's worth the cost and trouble of refinancing to nab that lower rate.

The conventional wisdom goes that it's not worth refinancing if you can't get a rate that's at least 1 % lower than your current mortgage rate.

Getting the lowest possible mortgage rate for your 30 - year fixed home loan is important if you want to keep your housing costs low.

On the other hand, if you can afford the payment for a 15 - year mortgage, you get a lower interest rate and can own your investment outright in half the time.

But even if mortgage rates stay elevated throughout the Trump presidency, home buyers could still get ultra low rates combined with healthy home appreciation.

On the flip side, borrowers with lower scores have a harder time getting approved for mortgage loans, and they usually end up paying higher interest rates if they do get approved.

When you can close in 30 days or fewer, you'll often get a lower mortgage rate than if you need 45 days or more.

If you are looking for low mortgage rates, consider getting a 15 - year fixed - rate mortgage instead of a 30 - year fixed - rate mortgage.

If mortgage insurance is needed, applicants with higher scores also get lower insurance rates.

Before you pay points to get a lower mortgage rate, run the numbers to see if it makes sense for you.

If this borrower can get a 4.00 percent loan with MIP of 0.85 percent, she lowers her combined rate and mortgage insurance to 4.85 percent, since FHA MIP was reduced in January 2015.

With so many different conventional mortgage options, you should find out if a particular mortgage has any special requirements before you get drawn in by an attractive rate or low down payment.

If you think you'll sell the home before the low - rate introductory period ends, an ARM might be a good way to get a deal on your mortgage.

If you're not happy with your interest rate, you could consider refinancing your mortgage to get a lower rate and save money.

On the flip side, borrowers with lower scores have a harder time getting approved for mortgage loans, and they usually end up paying higher interest rates if they do get approved.

If you plan to keep the mortgage for more than six months, you're often better off choosing a lower rate and paying the penalty to get out early (if neededIf you plan to keep the mortgage for more than six months, you're often better off choosing a lower rate and paying the penalty to get out early (if neededif needed).

If you have good credit, refinance any high - interest debt that's tax deductible, such as a mortgage, to get the lowest rate possible.

You can start by asking your lender about your options, but you should also shop around with other mortgage lenders to see if you can get a better mortgage rate, better terms or lower fees.

Low mortgage rates tend to grab the headlines; but if you are looking to refinance, you should be paying equally close attention to the value of our home to see if you will get a chance to re-open the refinancing window.

If you can't get the best interest rate on a mortgage, consider buying a lower - priced home to make up for the higher rate.

If you're looking to refinance your mortgage for a lower rate, different loan terms or to get cash out of your home to use for any expenses, a home equity loan refinance may be for you.

If you've got the cash now and want to lower your payments, you can pay points on your loan to lower your mortgage rate.

30 year mortgages can make sense if you keep them the entire length, get a low interest rate, and realize you can make more elsewhere with arbitrage.

If your mortgage interest rate is higher than what's currently on offer, or if you're willing to extend the payment period further into the future, you can get a lower monthly mortgage payment by refinancinIf your mortgage interest rate is higher than what's currently on offer, or if you're willing to extend the payment period further into the future, you can get a lower monthly mortgage payment by refinancinif you're willing to extend the payment period further into the future, you can get a lower monthly mortgage payment by refinancing.

Normally, I'd advocate getting a 15 - year vs. a 30 - year mortgage if you can comfortably swing the higher payments, but if you believe rates are setting off on a long - term trend higher, lower rates would have more economic value if you could lock them in for a longer time.

On the other hand, if your credit rating is now lower than when you got your first mortgage, the new loan may come with a higher interest rate.

However, if you keep to the agreements of the loan and meet all the required mortgage repayments, after three years your credit record will no longer be considered as adverse and you'll be able to get lower rates.

Schedule a mortgage check - up to learn the value of your home, see if we can lower your rate on your current home or get ready to make a solid offer on your next home.

If you feel you might have limited chances of getting bank loans at low rates due to a low credit score, you can apply for bad credit mortgages in Newmarket from private lenders.

Over the course of a 30 - year mortgage, you can save thousands of dollars if you manage to get a low rate instead of one that's a few points higher.

If you can put a budget in place that will get you to that goal, then making maximum use of low mortgage rates through a comprehensive approach to refinancing can help you get there more efficiently.

If you're lucky enough to be paying historically low rates (as I am on my mortgage) and getting good returns on the investments so the latter is the higher percentage, the balance goes the other way and you'd want to continue paying off the debt relatively slowly — essentially treating it as a leveraged investment.

Variable - rate mortgages usually offer a lower initial rate than you'd get on a fixed - rate mortgage, and you stand to benefit if the prime rate drops.

If you are thinking of buying a home, now may be the best opportunity to get pre-approved, take advantage of today's super low mortgage rates, and become a homeowner.

HUD's web site will show you how to get the best mortgage loan, regardless if you're a first - time homebuyer or you simply want to reduce your monthly mortgage payments by refinancing your existing mortgage loan into a lower mortgage rate.

The government said you know what, we want to make sure it's very easy for people to take advantage of refinancing their mortgage if rates get lower.

If you're in the market to purchase a home â $ «and now is a perfect time with industry low mortgage rates and an $ 8,000 federal tax credit for first - time homebuyers â $ «you should contact a licensed mortgage broker as soon as possible to get... View Article

If you're in the market to purchase a home â $ «and now is a perfect time with industry low mortgage rates and an $ 8,000 federal tax credit for first - time homebuyers â $ «you should contact a licensed mortgage broker as soon as possible to get pre-approved.

But if you are getting a loan that requires a down payment lower than 20 percent of the home's value, factor in the possible higher long - term costs, such as a higher interest rate and private mortgage insurance.

«The great thing about a fixed rate mortgage is that you know exactly how much you have to pay for your biggest housing cost and if rates go down you can refinance and get an even lower rate.»

Because these loans are assumable, fixing in low current mortgage rates could help you sell the home more easily and get a better price if rates have increased.

If you were a bank, why would you write a $ 1.5 M mortgage at a lower rate than you could get on two $ 750K ones?

If you apply for rate estimates on a 15 - year mortgage, rates will generally be lower than those you would get on a 30 - year mortgage using the same borrower information.

If you can prove that you use a credit card responsibly then that will have a positive impact on your credit score and can yield you a lower mortgage interest rate (or even get you to qualify in the first place in some cases).

If you are a homeowner with a mortgage, when you refinance your mortgage, you may be able to get a much lower mortgage rate.

If interest rates are historically low and you're struggling to pay your current mortgage payment, refinancing and getting a cheaper rate is a no - brainer.

Even if your credit score is as low as 580, you might be able to get a FHA mortgage at a reasonable interest rate with 10 % down.

Positive Customer Loan Testimonials - Find out if you have what it takes to get a record low rate purchase mortgage.