That's a mighty big cantilever you've got there.
It’s Thursday already, and the weekend is only two days away. Before Hurricane Earl blows your holiday plans away, take a look at the mortgage rates we are posting at Total Mortgage today.
Mortgage rates continue to hit all time lows, and many people are taking advantage of this unique opportunity to lock in some of the lowest rates in 50 years. If you are paying more than one point above any of the currently listed rates, you may want to seriously consider refinancing your current mortgage. You could potentially save thousands of dollars in interest payments over the life of the loan, and hundreds of dollars in monthly mortgage payments.
If you are a first time homebuyer you might want to explore the possibility of getting an FHA mortgage, especially if you don’t have a lot of money to put down on a home. FHA mortgages only require down payments of 3.5 percent and are insured by the Federal Housing Administration. Presently, we are offering 30 year fixed FHA mortgages at 4.000 percent with a 4.349 percent APR. FHA mortgages have become incredibly popular over the last several years as private mortgage insurance has become increasingly difficult to procure. Getting an FHA mortgage can be a difficult process, but we are experts with years of experience.
If you are looking for consistent monthly payments, a fixed rate mortgage could be the way to go. Total Mortgage has some of the best fixed rates in the country. A 30 year fixed rate mortgage is available to a qualified buyer at 4.125 percent with a 4.323 percent APR. For borrowers with extra income or who would like to retire their mortgage more quickly, 15 year fixed rate mortgages are available at 3.625 percent with an APR of 3.972 percent.
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