Friday, September 14, 2012

9/14/2012 Rates Tumble and What's Better Than FHA?

The Fed moved to keep rates low into 2015, looking to create more jobs and help the housing industry.  With rates remaining low, and low down payment mortgage products available, home ownership is very achievable.  For instance, Fairway Independent Mortgage has access to a conventional mortgage product that only requires a 3% down payment.  Not every mortgage lender has access to this loan product, which in a lot of cases, is better than an FHA loan for most people. Only 3% down payment, lower PMI payments and 3% seller concession options are among a few of its features.
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