Wednesday, October 20, 2010

FHA Home loan to purchase a home?

FHA home loan Louisiana, FHA Mortgage Louisiana, Louisiana home loan,

Why Should I Consider an FHA Home loan to purchase a home?

Purchasing a Louisiana home is one of life's major landmarks and for some, it is even a dream come true. Securing an FHA mortgage is the most important piece of the Louisiana home loan puzzle.
The FHA loan program was created to help increase home ownership. The FHA home loan makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:
Other FHA loan Advantages Include:
Minimal Down Payment and Closing Costs.
Down payment less than 3.5% of Sales Price Gift for

Fha Home Loan Louisiana

Fixed Rate Mortgage Loan Rates

A fixed rate mortgage loan is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may float.

Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, flexible rate including changeable rate mortgages and tracker mortgages , negative payoff mortgage, and balloon payment mortgage.

Take to consideration that each of the loan forms above except for a direct changeable rate mortgage can have a period of the loan for which a fixed rate may apply.

A Balloon Payment for fixed rate mortgage loan, for example, can have a fixed rate for the term of the loan followed by

Fixed Rate Mortgage Loan - FHA

Monday, October 18, 2010

Home Affordable Loan, Obama Loan Modification Program

Obama's $75 million Home Affordability and Stability Plan is a rescue attempt to save the plummeting housing market. The President has the conviction that by restructuring their mortgages, homeowners who are struggling to make ends meet, will be able to save their homes. This initiative comprises of two parts:

1. Home Affordable Loan Modification - refinance program - this program helps homeowners to refinance loans that went upside-down because of the tumbling property rates.

2. Home Affordable Loan Modification program - this program is designed to reduce mortgage installments for people facing foreclosure by modifying their mortgages, and reducing payments.

Many homeowners are

Read more - Home Affordable Obama Loan

USDA Rural Development House Mortgage Loans

USDA MORTGAGE LOAN Changes Make "Rural" Homes More Accessible

Zero-down loan programs are few and far between these days, but one that remains available might be of interest to you –especially given some changes that make it more accessible.



100% financing based on appraised value(loan amount may exceed appraised value by 2% Guarantee fee, divide appraised value by .98)

30-year fixed



Ability to Refinance - Rate reduction only - no cash back

USDA Home Loans Louisiana ...