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12/03/2008 - 2:18 PM

Mortgage Headlines - 12/3/2008 Michigan

Mortgage rates fall below 6% now that the government's backing most home loans
Source: interest.com
Fed's decision to buy mortgage debt makes loans even cheaper

5 smart moves to get the best rate
Source: interest.com
Here's what you can do right now to qualify for a cheaper mortgage. And every tenth-of-a-point is worth fighting for.

The 7 biggest mortgage mistakes
Source: interest.com
Avoid these pitfalls and you'll save time, money and aggravation

FHA loans great for buying, refinancing
Source: interest.com
Borrowers with iffy credit and little equity, or money for a down payment, can get an affordable mortgage.

How much house can you afford?
Source: interest.com
Our four simple rules will make sure you can make the monthly payments and weather the recession.

Down payments are back
Source: interest.com
With "no down" deals almost impossible to get, buying a home requires some cash. At least 3%. Maybe 20% or more.

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Home Equity Loan Center
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Mortgage Basics
Which Mortgage Program is best for you? Find out using this guide to the pros and cons of the popular loan programs of today.

Glossary
Confused by all the terms? This comprehensive teaches you the difference between a COFI and a coffee.