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Mortgage Update April 2008. While interest rates have remained
low, the mortgage industry continues to make it harder to get
a mortgage. Fannie Mae and Freddie Mac have tightened their standards
and so have the mortgage insurance providers who help buyers
when they make a down payment of less than 20%. Many areas continue
to suffer from declining values, giving buyers a better deal
when they buy but making it almost impossible for homeowners
to refinance. As of right now there is no light at the end of
the tunnel. The only bright spot right now is the FHA program.
Not only has FHA increased their loan limits for many part of
the country, but they have also added special programs to help
homeowners who are seeing large increases in their adjustable
rate mortgages.
Mortgage Almanac is here to help. If you need a mortgage
to buy or refinance, we can help guide you through these difficult
times. When you submit a loan request to Mortgage Almanac, you
are assigned an experienced representative who will guide you
from start to finish by assessing your needs, locating the best
lenders, finding the best loan program and then obtaining the
best rates and lowest costs available. Mortgage Almanac
has been helping home buyers and refinancing home owners with
objective mortgage advice since 1995.
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If you are looking
for a mortgage to purchase or refinance your home, Mortgage Almanac
can help even in today's tougher mortgage lending world. We have
hundreds of detailed articles about buying and financing
your home. Use our mortgage locator service by clicking purchase or refinance and completing the easy
on-line application to get:
- Expert help
right away
- A Simple
Process to get your loan approved
- Objective
help with hundreds of lenders and programs
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