Welcome to Bad Credit Mortgage Help. We are advocates for people with past credit problems and experts at helping people with imperfect credit qualify for a mortgage with reasonable terms. We offer Home Loans for people with past credit problems at the Lowest Mortgage Rates in the country. We have decades of experience with many Bad Credit Mortgage programs such as FHA Home Loans, VA Home Loans, FHA Streamline Refinances, VA Streamline Refinances, USDA Rural Housing Loans and more.
To find out what you qualify for, please fill out our inquiry form to set up a free consultation.
SEPTEMBER 2008
September, 2008 Rates down on Fannie/Freddie News
The big news over the weekend was the government bailout of Fannie Mae and Freddie Mac, the mortgage giants who back over 50% of the nation's mortgages. The bailout is likely to have a positive effect on the housing market, but how is it affecting mortgage rates?
Well, the short answer is- rates are down, and sharply. We have not seen rates at this level since this past spring, when 30 year fixed rates dipped briefly into the low 5%'s. If you missed out on the opportunity this spring, now is the time to start thinking again about refinancing your adjustable mortgage, re-doing your FHA or VA loan with a streamline refinance, or even lowering your 30 year fixed rate!
