FHA Home Loans Remain Most Popular Mortgage in 2009

01.21.09

FHA home loans remains the most populating mortgage for both first time homebuyers and struggling homeowners who need to refinance their adjustable rate mortgage into a fixed rate. Hope for Homeowners even offers delinquent borrowers with no equity an opportunity to refinance. FHA mortgage rates continue to shock the nation with fixed rate mortgages for thirty-years still below 5%. If you can’t qualify with FHA, consider a loan modification that can reduce your interest rate and your monthly payment just like home refinancing. Recently, many loan modification companies have reported successful mortgage relief with reduced rate terms that enable homeowners to prevent a foreclosure.

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