Gustan Cho Associates's video: Conventional rates are at all time low - refinance

1. FHA mortgage program and rates * FHA loans offer one of the best and most flexible mortgage loan programs for first-time home buyers as well as for buyers who have had bad credit before and recently filed for bankruptcy or enforcement. - Home buyers may qualify for an FHA mortgage with a 580 FICO credit rating and 3.5% down payment - Previously bankruptcy and dismissed home buyers who have been experienced for at least two years may be eligible for an FHA loan - Home buyers with early foreclosure, foreclosure, or short sale may qualify for an FHA loan 3 years after the recorded foreclosure and / or enforcement date or short sale date reflected in the HUD settlement - FHA mortgage rates are lower than conventional mortgage rates - The FHA does however have a mandatory annual advance mortgage insurance premium - The FHA mortgage insurance premium up front is a one-time fee of 1.75% that may be added to the loan - Mandatory 0.85% annual mortgage premium applies to all 30-year FHA fixed rate loans, which can be quite costly - A home buyer may actually have a higher monthly payment for an apartment with a lower interest rate on the FHA loan compared to a traditional loan with a higher interest rate due to the high FHA mortgage premium * Home buyers should definitely compare which mortgage program is better and cheaper for them and compare both FHA loans to compare the loans. Read more https://gustancho.com/selecting-the-best-mortgage-rates * You want to know more, contact The Gustan Cho Team at 262-716-8151 or send a text message for a faster response. Or write to us at gcho@loancabin.com. We are available 7 days a week, in the evening, on weekends and holidays. * CHECK IF YOU QUALIFY: www.gustancho.com/fast-quote ***** Follow me ***** on Social Media 1. https://www.facebook.com/TheGustanChoTeam/ 2. https://www.facebook.com/alexcarlucciMortgage/ 3. https://www.instagram.com/gustanchoas... Be sure to subscribe for more: https://www.youtube.com/c/GustanChoAssociates ALEX CARLUCCI - SVP Mortgage Banker, NMLS # 229891 ALEX STATE LICENSES: - Alabama - Colorado - 100511536 - Florida - LO40799 - Illinois - 031.0026265 - Indiana - 38913 - Michigan - 229891 - Mississippi - Pennsylvania - 72654 - Tennessee - 200345 COMPANY ALL-STATE LICENSES: - Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Texas , Ohio All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Copyright © 2021 - Gustan Cho Associates NMLS 873293, DBA of Loan Cabin Inc. NMLS 165732 Address: 1910 S Highland Ave, Suite 300 Lombard, IL 60148 conventional rates, refinance, conventional refinance, time low, low rates