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Do you have an adjustable rate mortgage (ARM) now
and watching your rate and monthly payment steadily increasing? If
you answered yes then now is time to Lock In to a low Fixed
Rate FHA mortgage. Adjustable interest rates increase and
do not go back down. As you have seen on the news the Federal
Reserve has cut rates rates in an effort positively influence the
increasing problem to homeowners with ARM mortgages. Waiting for
the market to potentially improve is not your best option, since
that is not going to happen any time soon. Mortgage rates have been
at historical lows during the past few years but that trend is no
longer happening. Fixed Rates, while they have risen
slightly over the past year or so, are still low compared to the
past 30 years or so.
The main benefit of a Fixed Rate Mortgage
is that your payment remains the same through the life of your
loan. You can even get a debt consolidation or cash out mortgage
while making the change from an ARM to a Fixed Rate if
you have sufficient equity in your home.
Our FHA Fixed Rate mortgage programs
are available for good to excellent credit profiles and are full doc
loans for both salaried and self employed borrowers. Our FHA
mortgage professionals will design a Fixed Rate Mortgage
Program that is best suited for your particular situation.
Apply online or contact our 24 hour loan center and let our mortgage
professionals pre-qualify you within minutes at absolutely no cost
or obligation to you.
Call today for a free FHA Refinance Interest Rate
quote and begin your process to a stable, Fixed Rate
mortgage.
Apply Now for a Free - No Obligation Approval
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