Are you a homeowner with a current Federal Housing Administration (FHA) loan? If so, there are options in today’s mortgage lending market that could help save you money. Options include refinancing to a Conventional home loan with a low rate, eliminating FHA mortgage insurance (MIP), or using the FHA streamline refinance program.
(Updated November 2014)
While some homeowners despair as the housing market slumps, some buyers see it as an opportunity to make an investment. Real estate can be a better long-term investment than CD or money markets, because it offers more potential for profits.
Judgment day for credit card companies has come and gone. The federal government announced that the purveyors of plastic have been too harsh on their customers. A crackdown looms in 2010, one that will have severe consequences for credit card companies and consumers alike.
The days of interest rates hovering near 3 percent for fixed-rate mortgages seem to have disappeared, with the Freddie Mac Primary Mortgage Market Survey reporting that the average rate on a 30-year fixed-rate loan stood at 4.45 percent as of Jan. 10. This doesn't mean, though, that there aren’t any reasons to refinance your existing mortgage loan in 2019.