15 Years Mortgage Rate Today When interest rates rise consumers tend to shift more toward using adjustable-rate mortgages to purchase homes. Advantages of a 15-Year Fixed-Rate Home Loan. The big advantage of a 30-year home loan over a 15-year loan is a lower monthly payment. However, for those who can afford the slightly higher payment associated with a 15-year mortgage.

To get a pre-approval (which is different from a pre-qualification), you basically. You don’t know everything about buying a home, so don’t be afraid to defer to a professional. Every first-time.

The pre-qualification or preapproval process involves a review. home was occupied so you have an idea how much they will cost after you move in. First-time home buyers are frequently surprised by.

Pre-qualify for an FHA Home Loan. The FHA would like to see that any foreclosures or bankruptcies on your record are at least three years old. The FHA loan bottom line: demonstrate that you have been a good credit risk for two years or more and you will have a much better chance at pre-qualifying for an FHA loan.

First-Time Homebuyers. Some programs are attractive to first-time homebuyers because they don’t require huge down payments and they have more lenient credit requirements than conventional mortgage loans. Speak to a lender about your overall background, financial situation and the area where you plan to buy.

Mortgage pre-qualification is the first step you should take once you have decided to buy a home.. It can, however, save you a lot of time and potential embarrassment.. What should you do as a prospective home buyer?

As our nation’s housing and job markets continue to recover, many first-time home buyers. 569-4287 for more information. Pre-Qualify for Your Home Mortgage To ensure that the financing process goes.

-PRE-QUALIFICATION- Hey guys -As I told you in my last video – I am a Loan Originator in Seattle. I work for a company called Residential First Mortgage and Capital. The company has been in.

15 Year Mortage Rate The 30-year fixed loan is by far the most common loan program, but adjustable rate mortgage (ARM) and 15-year fixed loans offer lower rates. If you’re ok with the higher monthly payment of the 15-year fixed loan or the possibility of your rate changing with the ARM, one of these loan programs could help you pay much less interest over time for.

The thought of buying a home can be overwhelming for anyone, particularly for first-time buyers. Navy Federal Credit Union’s staff of trained mortgage professionals is here every step of the way to guide you through the process. Our special offers, low rates and no-money-down mortgages can get you in your first home for less. What You’ll Get

Without PMI payments every month, home buyers save thousands of dollars over the first several years of the loan alone. Income eligible One Mortgage Program first-time home buyers may also qualify..

but doesn’t qualify for any other federal options Freddie Mac and fannie mae government-sponsored mortgage providers offer a few different loans for first-time home buyers. The HomeReady® loan from.