Compare VA, FHA and Conventional Mortgage Interest Rates Today – First Time Buyers Look for Low Rates
Posted on | April 28, 2010 | Comments Off
With the first time home buyer tax credit coming to a close at the end of this week it is very likely that many future homeowners will search to compare VA, FHA and conventional mortgage interest rates today. These first time buyers are looking for the lowest interest rate possible so they can save money on future mortgage payments.
By locking in to a low mortgage interest rate today many borrowers could end up savings tens of thousands of dollars on a home loan over the course of their lifetime. With low mortgage rates available and a first time home buyer tax credit of $8000 many Americans are greatly considering purchasing a home before the end of April.
To qualify for the first time home buyer tax credit you must be under contract by April 30th, 2010. If you have yet to start your home search it could be very difficult to get under contract this quickly. By taking action as soon as possible anything can happen but you must work quickly to lock in to the first time home buyer tax credit.
Author: Heather Best