Sean McGeehan
Rank: 581 / 5440
4 selected videos
How do FHA mortgage rates work? FHA Low Rate Mortgages - Home Buyers
FHA mortgage rates are extremely competitive compared to other programs for borrowers with middle to lower credit scores. One major benefit is that the adjustment to the interest rate with borrowers that have lower credit scores is minimal. This allows a larger pool of home buyers to get a low rate on their home mortgage.
Benefits Of FHA Mortgage Rates:
-Low Rates, Low Credit Scores
-Low Rate Even After Bankruptcy
-Low Down 3.5% Payment Requirement
-Sometimes Lower Rates Than Conventional...
Related topics : mortgage rate home loan / low rate loans compare / low credit mortgage loan / low credit score loans / rates home loan
How do you get an FHA loan? Home Buyers - FHA Low Down Payment
FHA loans are one of the best loans for first time home buyers. Do you want to know how to get an FHA loan? These have a very low 3.5% down payment requirement and low fixed rates. Sometimes FHA rates are better than conventional mortgages.
Benefits Of FHA Loans:
-3.5% down payment
-6% seller concessions allowed
-gift funds allowed for down payment
-flexible underwriting requirements
To Get Approved FHA:
-2 years employment
-DTI's 46%/56% (see your loan officer)
-640 minimum credit...
Related topics : fha home loan / mortgage loan fha / low rate loans / get a loan / rates home loan
How do conventional mortgage rates work? Getting Lowest Rate - Home Buyers
Understand how conventional mortgage rates work and how they are determined. Conventional loans can have the lowest rates out there if you have the best credit, are putting down a big down payment and are buying an owner occupied property.
Conventional Mortgage Rates Factors:
-Credit Score
-Type Of Property (SFR, Condo, Townhouse or Multi Unit)
-Down Payment
-Escrow or Waiving Escrow
-Occupancy (Owner Occupied vs Investment Property)
Quick Tip:
30 days before applying for a mortgage pay down...
Related topics : mortgage rate home loan / credit score loan rate / low credit score loans
Reverse Mortgage Pros and Cons- Here we talk about all of the pros and cons with reverse mortgages.
Reverse Mortgages have Pros and Cons. These loans aren't for everybody but for the right person it can truly change your quality life for the better.
It's best to talk over the pros and cons with your family members. We can all meet at the kitchen table to talk about all the options that are available and how it will effect you.
Reverse Mortgage Pros and Cons List:
Pros
-no monthly payment
-long term solution
-lump sum of cash
-safe and secure HUD insured product
Cons:
-less money to...
Related topics : mortgage loan home equity
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