Today’s historically low interest rates make now the perfect time to purchase a new home or refinance.
One of the most popular types of mortgages is the 30-year fixed-rate
mortgage. This loan is usually the easiest to qualify for and provides
the maximum interest deduction at tax time. The interest rate stays the
same over the life of the loan which provides unchanging low monthly
No matter what the economy looks like, mortgage rates change on a
daily, even hourly, basis. Rate fluctuations can cost or save you
thousands of dollars. With that in mind, the question when shopping for a
loan is whether it's best to lock in a rate or float the loan. Either
way, there's risk.
Fannie Maeand Freddie Mac require a minimum credit score of 620 to buy a home. Their mission is to help ensure that home buyers and home owners have access to mortgage financing.
There are several types of government loan programs that you may qualify for. Each program has different down payment, credit score, property type and loan-to-value requirements
FHA requiresa minimum credit score of 500. There are no income limits like you may find with first time home
buyer programs. However, there are limits on how much you can borrow.
We recognize the importance to you of keeping your information secure
and confidential. We will not sell or share your personal information.
We look forward to working with you.
Mortgage World Home Loans, L.L.C.
Nationwide Mortgage Licensing System ID 499903
Florida License Number - MBR1007
www.FHA-World.com - 888.958.5382
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Licensed in the State of Florida only.