Consumption and Real Estate
I have asked several questions on here pertaining to FHA home loans. I now have another.?
Question : I have asked several questions on here pertaining to FHA home loans. I now have another.?
First of all, thank all of you for your input. This is very important to me. I am trying to get an idea of about where my percentage rate will be before I go to negotiate financing terms. I don’t want to go in not knowing what I should. So if you have gotten an FHA loan, I would love to know what percent you financed at. Maybe this will give me an idea of what to expect.
fha home loans
Best answer:
Answer by YedidNefesh
my FHA loan is old, but it is 7%
The interest rates fluctuate from day to day, you will know your exact interest rate once you close on a home mortgage. Check you local newspaper for the daily interest rates. FHA is a excellent way to purchase a home, they require a home inspection and very little or no money for a down payment, you will save a lot of money by purchasing a home through FHA. You should get pre-approved for your home loan before going to look for homes, then you have the leverage to negotiate the BEST sales price for your home, because of being pre-approved, it lets sellers know you are a serious buyer, not just looking. Find the home you really want and do research on the neighborhood, and school district, also talk to the neighbors. One thing to consider is: even though the home maybe exactly what you are looking for the right price,how are you new neighbors? There are nasty neighbors, one or two on every block! Lucky ours lives several homes away, because nothing is ever right or perfect enough! BEWARE! Best Wishes and Enjoy Your New Home!