Articles About Finance And Refinancing

Discount Mortgage Company Expands FHA Loan Coverage to 25 States

Wilmington, NC (PRWEB) March 29, 2008 -- Lenders have been reducing the number of low down payment mortgage solutions as a result of the tightening credit markets. In March 2008, the Federal Housing Administration updated its qualifying loan limits throughout much of the country, providing relief to some borrowers. AAXA Discount Mortgage, headquartered in Wilmington, North Carolina, is now offering FHA loans in 25 states. FHA loans are helping to fill the low down payment niche by allowing borrowers to put down as little as three percent.

"With all the turmoil in the credit markets, FHA loan programs are becoming the best financing solution for many homebuyers," said Brian Mitchell, Vice President of Operations at AAXA. "We are fortunate to have access to some of the best FHA pricing in the industry.

"With sub-prime mortgage programs and 100 percent financing products falling by the wayside, there are few options left for those with less than perfect credit. Luckily, FHA's underwriting guidelines gives homebuyers and homeowners hope that they can still buy a home or refinance an existing mortgage even if they have had credit issues in the past. We are now actually seeing scenarios where people with excellent credit can benefit from the flexibility of an FHA loan as compared to conventional financing."

Federal Housing Administration loans are a financing solution designed for the middle class, military veterans, lower income individuals and the elderly. FHA loans are not made by the government but by independent lenders. The government insures the loans so that lenders can feel confident lending to individuals that may be considered a higher risk. FHA loan standards are set by the Federal Housing Administration, which is part of the Department of Housing and Urban Development (HUD). Rates for FHA loans are often comparable to that of conventional financing products, and with the new penalties for lower credit scores and low down payments, FHA loan rates are actually much better in many cases.

For more information on AAXA Discount Mortgage and its FHA mortgage offerings, visit www.forthebestrate.com

About AAXA Discount Mortgage:

AAXA Discount Mortgage has been offering its clients some of the lowest mortgage rates and closing costs in the Nation since 2000. AAXA conducts business in 25 states and is headquartered in Wilmington, North Carolina. The company also has full service offices in Arizona, South Carolina, and Texas. AAXA uses state-of-the-art technology to simplify the lending process and drive down the cost of home financing. The company works with some of the country's largest and most progressive wholesale lending institutions to ensure that its customers have access to some of the most competitive pricing and programs in the marketplace. Product offerings include traditional conventional financing such as 30 year mortgages and 15 year home loans, as well as interest only loans, adjustable rate mortgages, jumbo loans, lot loans, VA loans and USDA rural housing loans.

Contact:

Nathaniel Criss

910.796.7122

877-RATE-LOW

AAXA Discount Mortgage

Wilmington, NC 28403

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Low Rate Home Equity Loans - Refinancing For A Shorter Term And Better Rate
Looking for a better rate is a common reason people choose to refinance their home equity loan. But did you know that shortening your loan term can save you more money than reducing rates? Combine the two and you will save yourself thousands in interest costs and trim years off your payment schedule.

A secured bad credit home mortgage loan comes with reduced interest rates
A secured bad credit home mortgage loan comes with reduced interest rates

Types of Mortgage Loans with the Lowest Interest Rate
When you're shopping and comparing for a mortgage loan there can be a lot of discrepancies between what lenders offer. Some may offer lower rates with strings attached, others can offer the same terms but with a much higher rate. Shopping around, comparing and negotiating are key skills in getting the type of mortgage loan with the lowest interest rate.

Low Interest Rate Used Car Loan  Car at Simply No Cost
Introduction

Low Home Mortgage Interest Rate - Finding the Best Mortgage Rate
Interest rates are at an all time low, making now the perfect time to purchase a new home or refinance your existing mortgage. The interest rate you receive will depend largely on your credit rating, monthly debt, and your income.

High Interest Rates Mean Mortgage Refinancing According to GuideToLenders.com
Professional master of business administration (MBA) role models such as Kathy Giusti and Rich Fairbank provide mentorship and advice online through education sites like MBA-Business-Schools.com. Future and current MBA students can prosper from the wisdom of successful business professionals and boost their careers through invaluable learning tools and resources.

Refinancing Mortgage: Low Payment And Low Interest Rates
Those seeking a financial alternatives are often caught thinking that low payment refer to low interest rates. They should be aware that low interest rates vastly differ from low payment. With this in mind, they can veer away from dubious loan agents who will rush them to a new mortgage with high interest rates and add-on fees.

Student Loan Financial Group Announces Interest Rates on Variable-rate Loans Increasing July 1st
Student can take advantage of the lower rate if they apply before June 30th.

Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When Refinancing
Refinancing can be a very simple process. You fill out a few applications, take the best offer and you're done.

Secured Loans: High Amount at Low Interest Rates
People avail secured loans for various reasons. Secured loans are loans that need collateral to be pledged. The collateral can be your house, property or any high value possession. There are various advantages of a secured loan which are discussed below:

Credit Heaven Announces their Rate Busters Program to Slash Interest Rates for High Interest Loans and Credit Cards
The Rate Busters program is designed to achieve affordable and sustainable payments for borrowers by negotiating lower interest rates or periods of no interest on existing credit card, auto loans and mortgages. This in turn will maximize consumers' ability to reduce monthly payments, reduce debt, maintain or improve consumers' credit as well as reduce creditor's bad debt.

Get Personal Loan, Home Loan, Car Loan after Bankruptcy at Low Rate of Interest
Do you feel your chances of getting approved for a loan after filing bankruptcy is bleak. Wait for a while, bankruptcy loan can help you even after filing for bankruptcy, getting approved for funds after a bankruptcy is not that daunting as you think.

Importance Of Interest Rate On Refinance Loans
The interest rate is an issue that should never be bypassed when it comes to refinance home loans. Its importance is crucial as it will determine whether you benefit from refinancing or not. Though other loan terms like loan length, loan amount, and other less important clauses should also be considered, the interest rate should be your main concern.

Interest Rate On Refinance Home Loans Explained
The interest rate issue is the main problem when one wants to refinance a home loan. This is because the costs associated with home loans are high and thus, a single point raise on the interest rate can cost thousands of dollars. There are different reasons why one may want to refinance but the interest rate is always an important variable.