No Down Payment Mortgage Loans in Illinois and Wisconsin
Posted by Dennis Hardy on Jul 23, 2008
Mortgage rates are low, home values are back to normal and if you buy a home now, you can start building equity quickly, once the real estate market begins to reverse. As part of the president’s new stimulus package, release earlier this year, FHA loans are fueling the real estate market comeback.
What is FHA financing?
An FHA loan just means that a mortgage is backed or guanteed by the federal government. This makes lenders feel more confident about granting loans for people with lower credit scores or higher monthly debts.
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Current Illinois and Wisconsin Mortgage Rates as of 07/23/2008
Posted by Dennis Hardy on Jul 23, 2008
Illinois and Wisconsin Mortgage Rates as of
07/23/2008 at 11:03 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.750% (6.815% APR) |
| 15 Year Fixed: | 6.375% (6.481% APR) |
| 30 Year FHA and VA: | 7.000% (7.193% APR) |
| 30 Year Rural Housing: | 7.000% (7.193% APR) |
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Chicago FHA Mortgage Loans Chicago FHA Refinance
Posted by Dennis Hardy on Jul 22, 2008
Chicago FHA mortgage loans are available to anybody but are used most often by first time home buyers and low- to moderate-income buyers. FHA loans are insured through a combination of a small upfront mortgage insurance premium (UFMIP), as well as a small monthly mortgage insurance premium.
Additional fha information can be found on our website http://www.ameristarmadison.com or on our FHA Loan page:
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Current Illinois and Wisconsin Mortgage Rates as of 07/22/2008
Posted by Dennis Hardy on Jul 22, 2008
Illinois and Wisconsin Mortgage Rates as of
07/22/2008 at 9:30 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.750% (6.815% APR) |
| 15 Year Fixed: | 6.375% (6.481% APR) |
| 30 Year FHA and VA: | 7.000% (7.193% APR) |
| 30 Year Rural Housing: | 7.000% (7.193% APR) |
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Today’s Wisconsin and Illinois Mortgage Rates as of 07/21/2008
Posted by Dennis Hardy on Jul 21, 2008
Illinois and Wisconsin Mortgage Rates as of
07/21/2008 at 10:14 AM CST
Current Mortgage Rate Trend: steady/worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.750% (6.815% APR) |
| 15 Year Fixed: | 6.375% (6.481% APR) |
| 30 Year FHA and VA: | 7.000% (7.193% APR) |
| 30 Year Rural Housing: | 7.000% (7.193% APR) |
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Rural Mortgage Loans in Illinois and Wisconsin
Posted by Dennis Hardy on Jul 20, 2008
In today’s market all but three no money down mortgage loans have disappeared: FHA, VA and Rural Housing. Ameristar Mortgage offers all programs but we will take a deeper look into the Rural Housing no money down program for this page.
Rural home loans are loans available for people who live in rural or country areas, and are meant to make owning Wisconsin and Illinois homes in those rural areas affordable for the average homebuyer. Rural loans are optimal for first time home buyers in approved Rural Housing Service areas.
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Today’s Wisconsin and Illinois Mortgage Rates as of 07/18/2008
Posted by Dennis Hardy on Jul 18, 2008
Illinois and Wisconsin Mortgage Rates as of
07/18/2008 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: | 6.750% (6.815% APR) |
| 15 Year Fixed: | 6.250% (6.355% APR) |
| 30 Year FHA and VA: | 6.875% (7.066% APR) |
| 30 Year Rural Housing: | 6.875% (7.066% APR) |
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Current Wisconsin and Illinois Mortgage Rates as of 07/17/2008
Posted by Dennis Hardy on Jul 17, 2008
Illinois and Wisconsin Mortgage Rates as of
07/16/2008 at 9:59 AM CST
Current Mortgage Rate Trend: steady/worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.375% (6.439% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.683% APR) |
| 30 Year Rural Housing: | 6.500% (6.683% APR) |
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Current Wisconsin and Illinois Mortgage Rates as of 07/16/2008
Posted by Dennis Hardy on Jul 16, 2008
Illinois and Wisconsin Mortgage Rates as of
07/16/2008 at 9:59 AM CST
Current Mortgage Rate Trend: steady/worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.375% (6.439% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.683% APR) |
| 30 Year Rural Housing: | 6.500% (6.683% APR) |
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What to Consider When Refinancing Your Wisconsin or Illinois Home
Posted by Dennis Hardy on Jul 15, 2008
When should you refinance your Wisconsin or Illinois home?
Refinancing can be worthwhile, but it does not make good financial sense for everyone. A general rule of thumb is that refinancing becomes worth your while if the current interest rate on your mortgage is at least 2 percentage points higher than the prevailing market rate. That is a good rule but not always the determining factor.
There are several reasons to refinance your home:
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