Indiana Mortgage Blog

  The good news is that the FHA fixed rate mortgage remains as the best loan product in the United States today.  Many of you may be familiar with FHA as you currently have an FHA mortgage.  For those of you who don't who may wish to refinance for any number of reasons such as shortening your term, reducing your interest rate or taking cash out of your home to pay for college, pay off debt or make home improvements - FHA is available to you too.

The advantages of the FHA mortgage are great!

• The first feature that many of our clients have used is the streamline refinance to lower their interest rate or shorten the term of their FHA mortgage using no documentation and reduced closing costs.  FHA rates are very low at the moment.  If you are currently in an FHA mortgage give us a call to check your interest rate to see if you would benefit from a streamline refinance, either by reducing your rate or the term of your loan.  If you can save thousands of dollars, why wouldn't you want to do so?  If you are in Conventional financing or have a first and second mortgage the FHA mortgage may be an excellent way to combine both loans into one.

• The second feature of FHA mortgages is that FHA offers a 95% cash-out feature.  What this means to you is that if you have equity in your home and need to access it for any number of reasons, you can refinance it for up to 95% of the value and receive cash back.  You don't need to take out a second mortgage which may have an interest rate that is variable nor do you have to worry about the ins and outs of Conventional financing and many of the costs that go along with a cash-out Conventional refinance

  Looking forward to 2008 there are changes planned for the FHA program.  However, these changes appear to be very positive for the consumer unlike the changes that are occurring with Conventional lending.  We at Tippecanoe Mortgage can't stress enough the importance of calling today to determine if refinancing your mortgage is right for you.  Interest rates on FHA loans are as low as we have seen them in several years.  Let us evaluate your situation to see if refinancing your FHA mortgage makes sense.

IT IS URGENT THAT YOU ACT NOW! 

INTEREST RATES ARE AS LOW AS WE HAVE SEEN THEM IN 5 YEARS!

Your Local Mortgage Services:

Don Frazier
Mortgage Consultant

Office:  765-446-2930                                   
Email:  dfrazier@tippecanoemortgage.com

Website: http://www.indianamortgageman.com/

Mortgage services for Greater Lafayette and West Lafayette Indiana, Purdue University, Tippecanoe County and the surrounding Indiana Communities.  We are a Local Company with a National Reach! Visit my website for great home loan information: http://www.indianamortgageman.com/

Tippecanoe Mortgage offers many loan options & many choices! We are Home Loan Specialists! Serving Lafayette, West Lafayette, Tippecanoe County, White County, Carroll County, Clinton County, Boone County, Montgomery, Fountain County, Warren County, and Benton County - as well as the rest of Indiana! We are a local Mortgage Company with a National Reach!

Call Don Frazier at 765-446-2930 Today!

TIPPECANOE COUNTY
Battle Ground
Buck Creek
Clarks Hill
Dayton
Lafayette
Montmorenci
Romney
Stockwell
West Lafayette
Westpoint

WHITE COUNTY
Brookston
Buffalo
Burnettsville
Chalmers
Idaville
Monon
Monticello
Reynolds
Wolcott

CARROLL COUNTY
Bringhurst
Burlinton
Burrows
Camden
Cutler
Delphi
Flora
Rockfield
Yeoman

CLINTON COUNTY
Colfax
Forest
Frankfort
Kirklin
Michigantown
Mulberry
Rossville
Sedalia

BOONE COUNTY
Advance
Jamestown
Lebanon
Thorntown
Whitestown
Zionsville

MONTGOMERY COUNTY
Alamo
Crawfordsville
Darlington
Ladoga
Linden
New Market
New Richmon
New Ross
Wavelan
Waynetown
Wingate

FOUNTAIN COUNTY
Attica
Covington
Hillsboro
Kingman
Mellott
Newton
Veedersburg
Wallace

WARREN COUNTY
Pine Village
State Line
West Lebanon
Williamsport

BENTON COUNTY
Ambia
Boswell
Earl Park
Fowler
Otterbein
Oxford
Talbot
Templeton

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