Comments on: Low mortgage rates: Is it for everyone??? http://www.mortgagefit.com/blog/low-rates/ Behind the scene Mon, 22 Mar 2010 09:40:53 +0000 http://wordpress.org/?v=2.5.1 By: fha refi http://www.mortgagefit.com/blog/low-rates/#comment-15225 fha refi Thu, 16 Jul 2009 04:31:14 +0000 http://www.mortgagefit.com/blog/?p=95#comment-15225 <strong>fha refi...</strong> Shaun Donovan, the Secretary of Housing and Urban Development (HUD), dropped a bomb shell in a speech to the National Association of Realtors today. HUD, the administrator of FHA will soon allow the 8,000 first time home buyer credit to be“ monetized... fha refi…

Shaun Donovan, the Secretary of Housing and Urban Development (HUD), dropped a bomb shell in a speech to the National Association of Realtors today. HUD, the administrator of FHA will soon allow the 8,000 first time home buyer credit to be“ monetized…

]]> By: James http://www.mortgagefit.com/blog/low-rates/#comment-13787 James Sat, 09 May 2009 07:22:34 +0000 http://www.mortgagefit.com/blog/?p=95#comment-13787 Thanks Brian for this informative post. It's correct that not all the borrowers would be able to take advantage of the lower rates. The most important thing for getting better rates is to have a good credit score. The borrowers should try their best to reduce the number of negative items on their credit report. This helps in improving the credit score. Paying points, as you have mentioned, is also one of the ways to reduce the interest rate. Borrowers can pay 3-4 points and reduce their interest rates considerably. Thanks Brian for this informative post. It’s correct that not all the borrowers would be able to take advantage of the lower rates. The most important thing for getting better rates is to have a good credit score. The borrowers should try their best to reduce the number of negative items on their credit report. This helps in improving the credit score. Paying points, as you have mentioned, is also one of the ways to reduce the interest rate. Borrowers can pay 3-4 points and reduce their interest rates considerably.

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