Resolve Housing Problems with a Home Mortgage in Chattanooga

Mortgage rates are rising these days, and it appears that they won't go down any time soon. Hence experts advised present and would-be homeowners to grab this opportunity and refinance or purchase their house. Nobody wants to be stuck with high mortgage payments especially when he can do something about it today. If you want to refinance, you'll enjoy either a lower interest rate or a shorter payment period in the near future. This makes a Chattanooga mortgage loan a lot convenient, particularly to first-time home buyers. Statistics show that 20 million mortgage rates in the country are currently above 4 percent. Since financial analysts believe that the trend will continue to rise, it's not a bad idea for homeowners to lock their rates at 4%.

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Refinance Your Chattanooga Mortgage Loan at 4% Rate Today

Mortgage rates are rising these days, and it appears that they won't go down any time soon. Hence experts advised present and would-be homeowners to grab this opportunity and refinance or purchase their house. Nobody wants to be stuck with high mortgage payments especially when he can do something about it today. If you want to refinance, you'll enjoy either a lower interest rate or a shorter payment period in the near future. This makes a Chattanooga mortgage loan a lot convenient, particularly to first-time home buyers. Statistics show that 20 million mortgage rates in the country are currently above 4 percent. Since financial analysts believe that the trend will continue to rise, it's not a bad idea for homeowners to lock their rates at 4%.

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Buy Your New Home with Mortgage Lenders in Chattanooga, TN

Living in the fourth largest city in Tennessee is a big advantage, as first-time home buyers are given various options for their new home. However, they still have to tally things to consider before making a purchase. In that regard, it's wise to browse search engines, which give pointers on getting a fair and affordable home without busting their piggy banks open. Thankfully, an article from Fox Business News elaborated tips on selecting a mortgage partner. It emphasized building credit ratings before looking for a lender. It was also recommended to prepare a down payment to get lower interest rates. Lastly, it was said that mortgage costs include closing charges, which are usually 3%-4% of the purchase price. Flexible mortgage loans solve financing problems in buying houses. Moreover, you should start looking for reputable mortgage lenders in Chattanooga, TN and get a favorable deal.

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Earn the Key to Your Home with a Dependable Chattanooga Mortgage Lender

Everyday, there is a danger that a family is about to lose their home. Tennessee Housing Development Agency (THDA) came up with 'The Keep My Tennessee Home Program' to lessen foreclosure cases in the said state. It is emphatically a program aimed to help homeowners who are having a rough time in keeping up with their mortgage and other mortgage-related expenses. The agency collaborates with the statewide faith community as a mean to spread this support program. This is “an opportunity of hope”, as one senior pastor name it. But then again, you wouldn't have to need such financial assistance if you've been paying off the amortization with a reliable Chattanooga mortgage lender from the very start. Needless to say, lending companies play crucial role in the success of owning a house. Churchill Mortgage Corporation is one of the established firms you should consider if you're buying or paying off a house within the region.

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Awareness of Frauds and Research is Invaluable for Home Mortagage Services

Jeffrey Whaley, along with his co-defendant, Atty. Jerry Kerley, were convicted on a $6 million dollar mortgage fraud scheme on July 1st for their crimes. Whaley was sentenced for five years in prison for wire fraud, bank fraud, and money laundering while Kerley got a four year sentence. Both men conspired to defraud SunTrust Mortgage, Inc. in Richmond, Virginia and Citizens Bank in New Tazewell, Tennessee using a “straw borrower” mortgage fraud scheme. Under this fraud, the straw borrower is not liable for mortgage payments, but once the mortgage is foreclosed, the delinquency is reported under the borrower's name. Mortgage frauds are quite common in the industry. So for those looking for mortgage services, one needs to do their research. And they should conduct business only with reputable providers for home mortgage in Chattanooga such as Churchill Mortgage.

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The Positive Side of Bringing Your Mortgage Loan for Home Purchase to Your Retirement

The Federal Survey of Consumer Finances conducted a study that showed the number of retirees who are carrying mortgage to retirement have soared higher. Financial planners are concerned about the big debts retirees take upon themselves. Nonetheless, a lot of financial analysts concluded that this is not a sign of financial distress. Still, there are good things about this matter. In fact, it can turn into a better deal, say paying a low mortgage rate of 3%. Also, Americans are actually taking debts as part of their living to sustain a descent lifestyle, this fact is based on another research. So if you are nearing retirement, and your mortgage is still all lined-up, worrying is not necessary. There are low-interest mortgage loans like Chattanooga home loan that can help you not to stress yourself when retirement approaches. Learn more about it. Log on to http://chattanooga.churchillmortgage.com/.

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Chattanooga Mortgage Lenders Advise Potential Home Buyers: Save Money with Today's Rate

According to Freddie Mac’s report, the fixed 30-year mortgage rate has increased to 4.51 percent, which is the highest increase in just a span of two years. This was after Fannie Mae’s survey revealed that 57 percent of respondents see the increase in mortgage rate over the next year. Despite this report, many home buyers are still going to mortgage lenders in Chattanooga, TN as they posit that today is the right opportunity to own a home. Home buyers see that today’s mortgage rates favorable, and they want to take advantage of the current rate before it gets higher than what they can afford. It could save them huge amount of money, if this would be the case. Fannie Mae’s survey said that 72 percent of people are on this same thought. Potential home buyers must consult reliable mortgage lenders, like Churchill Mortgage, to further discuss and understand the standing of the current rates and the payment terms beforehand.

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