Ventura CA Mortgage Loans
| Conventional Fixed-Rate Mortgages | Rate | APR |
| 30-Year Fixed (conforming) | 3.875% | 3.946% |
| 20-Year Fixed (conforming) | 3.625% | 3.723% |
| 15-Year Fixed (conforming) | 3.250% | 3.374% |
| 10-Year Fixed (conforming) | 3.250% | 3.430% |
Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage and right program and excellent support from Affordable payment.
In this Article we shall focus on answering some common queries of Ventura CA mortgage borrowers:
Co Signor’s allowed by Fannie Mae:
Rising interest rates by the feds have called for Government sponsored enterprises like Fannie Mae to relax some of it guidelines to allow mortgage borrowers looking to purchase or refinance to add a consignor to the mortgage.
A consignor is a person who doesn’t stay in the home with the mortgage borrower but co signs the document that allows the mortgage borrower to qualify using his income and consignor’s income and borrowers debts and co signor’s debts without having a co borrower.
What that means is that for those parents looking to help their child looking to buy a home or their near and dear ones to go ahead and co sign for them without parents or near and dear ones living with the borrower and becoming a co borrower on the home.
A consignor is only obligated to the debts and may not have any rights to the asset or the title of the property. That of course is something that needs to be decided between the co signor and the mortgage borrower.
Call Ventura CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
Artical by Roger Shanker
No comments:
Post a Comment