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Your Down Payment Comfort Level
May 6, 2009 by Mortgage Align · Leave a Comment
When you are considering home ownership, it is wise to set aside the difference between your current rent and your ideal monthly mortgage payment. For example, if your rent is $600 and you plan to pay $1,000 for a PITI payment, set aside $400 per month for 90 to 180 days. Make sure the mortgage payment won’t be a struggle for you and your family.
A dream home is not a necessity. Buying the most expensive home you are qualified to buy is not always the best decision as a starter home. With a starter home, you can work first on building equity and security for yourself and your family.
The minimum down payment for a FHA loan is 3.5% of the purchase price saved for your down payment. For a conventional loan, you’ll need around 10% of the purchase price for your down payment. There are still no down payment home loans available if you can qualify for a VA loan or USDA loan that offer mortgage down payment assistance.
ameristar imported "Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 01/07/2009: Wisconsin and Illinois" Article
January 7, 2009 by Mortgage Align · Leave a Comment
Wisconsin and Illinois mortgage Interest Rates as of
01/07/2009 at 10:07 AM CST
Current mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
30 Year Fixed:
5.125% (5.184% APR)
15 Year Fixed:
4.750% (4.851% APR)
30 Year FHA and VA:
5.750% (5.929% APR)
30 Year Rural Housing:
5.750% (5.929% APR)
5/1 Jumbo ARM:
6.050% (6.072% APR)
30 Year Fixed Jumbo:
6.950% (6.995% APR)
5/1 ARM:
5.875% (5.937…
ameristar imported "Current Mortgage Rates in Chicago, Milwaukee and Madison 01/02/2009: Illinois and Wisconsin" Article
January 7, 2009 by Mortgage Align · Leave a Comment
Illinois and Wisconsin mortgage Rates as of
01/02/2009 at 9:59 AM CST
Current mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
30 Year Fixed:
5.500% (5.561% APR)
15 Year Fixed:
4.875% (4.976% APR)
30 Year FHA and VA:
5.500% (5.676% APR)
30 Year Rural Housing:
5.750% (5.929% APR)
5/1 Jumbo ARM:
6.050% (6.072% APR)
30 Year Fixed Jumbo:
6.950% (6.995% APR)
5/1 ARM:
5.875% (5.937% APR)
3…
ameristar imported "Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 01/05/2009: Wisconsin and Illinois" Article
January 7, 2009 by Mortgage Align · Leave a Comment
Wisconsin and Illinois mortgage Interest Rates as of
01/05/2009 at 9:56 AM CST
Current mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
30 Year Fixed:
5.250% (5.310% APR)
15 Year Fixed:
4.875% (4.976% APR)
30 Year FHA and VA:
5.750% (5.929% APR)
30 Year Rural Housing:
5.750% (5.929% APR)
5/1 Jumbo ARM:
6.050% (6.072% APR)
30 Year Fixed Jumbo:
6.950% (6.995% APR)
5/1 ARM:
5.875% (5.937…
ameristar imported "Current Mortgage Rates in Chicago, Milwaukee and Madison 01/05/2009: Illinois and Wisconsin" Article
January 7, 2009 by Mortgage Align · Leave a Comment
Illinois and Wisconsin mortgage Rates as of
01/05/2009 at 9:56 AM CST
Current mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
30 Year Fixed:
5.250% (5.310% APR)
15 Year Fixed:
4.875% (4.976% APR)
30 Year FHA and VA:
5.500% (5.676% APR)
30 Year Rural Housing:
5.750% (5.929% APR)
5/1 Jumbo ARM:
6.050% (6.072% APR)
30 Year Fixed Jumbo:
6.950% (6.995% APR)
5/1 ARM:
5.875% (5.937% APR)
3…
