Cinema Beyrouth Blog

pHere are some great money saving news for all the homebuyers and current homeowners out there! Do you know that the current mortgage rates and the rates on the a title=Home Equity Loans href=http://www.pdxhomeloan.com/ target=_blankhome equity loans/a are the lowest in history? While we have all heard the commercials on the radio about lowest rates ever, that is actually the case right now./p
pLets take a look at the homebuyers mortgage rates . Regardless of getting a fixed rate or a title=Adjustable Rate Mortgage href=http://www.pdxhomeloan.com/mortgage-101/ target=_blankadjustable rate mortgage/a, either of them can be practically considered! Nevertheless, if you are a first time homebuyer, locking in a low rate for a 30 year fixed FHA loan is highly recommended. This mortgage rate can go as low as 4%! Sounds amazing, right? With an acceptable credit score and a very small down payment, it is completely possible for all the first time homebuyers to get an unbeatable low monthly mortgage payment!/p
pSo now, what about the current homeowners mortgage rates? Just like all the homebuyers, they can take full advantage of this extreme bottom touching rate by refinancing! The mortgage rate for refinancing on average is around 4.13%! It would only make sense for the homeowners to go with refinancing if the answers to these three questions are yes. Firstly, are the homeowners intended to reside at their current home for many years to come? Secondly, are the appraised values of their home going up? Thirdly, do they have good credit score? Besides refinancing, homeowners can also think of obtaining home equity loans if they need to borrow money without costing them a big fortune on interest!/p
pJust like the mortgage rate, the current rate for the a title=Home Equity Loans href=http://www.pdxhomeloan.com/ target=_blankhome equity loan/anbsp;is also around 4%! Believe it or not, this is less than half of the previous rate! Who could have seen it coming? It surely is like a dream comes true! Besides, the interest comes from the home equity loans are deductible on the homeowners personal income taxes! While there is always speculation, nobody truly knows how long these rates will stay this low. I If you are in the market or considering being in the market, now is the time to take action.nbsp; Anyone can say it will happen again, but on the other hand, it can be gone for good! Dont let this money saving opportunity slips away!/p