Today’s Lowest FHA Refinance Interest Rates – Fixed Wachovia, SunTrust and Citizens Bank Loans Dip to New 2011 Lows
Posted on | May 18, 2011 | Comments Off
When seeking today’s lowest FHA refinance interest rates it is often the case that most Americans will find that mortgage lenders are reporting 30 year fixed rate very close to FHA rate. When looking for fixed home loans from lenders such as Wachovia, SunTrust and Citizens Bank most will find 30 year fixed loans well below 5%.
While these are some of the largest regional banks in the United States it is important to remember that there are many financial institutions that can help when it comes to refinancing a home loan. With over 7000 FDIC insured financial institution spread throughout this country it should not be extremely difficult to find opportunities to refinance to some of the lowest interest rate possible.
It is very important for all homeowners to remember that only the best borrowers of money will be able to receive the lowest interest rate offers. With a credit score above 740 and the debt to income ratio that is well below 40% some American homeowners will position themselves very well when it comes to locking into a low conventional or FHA mortgage rate in May of 2011.
Taking the time and effort to do a significant amount of research on a financial situation is always advisable when it comes to saving money through the refinance process. By having a credit score that is negatively affected due to mistakes and errors some homeowners could miss out on an opportunity to save hundreds of dollars a month.
With this in mind it is always advisable to take advantage of the government free annual credit report that is available at the website annualcreditreport.com. It is important to remember that this is the only website that has FTC and government approval to it is always smart to access the previously mentioned website before going to any other credit resources.
Author: Tiffany Mann
Tags: fixed citizens bank mortgage rates > fixed fha suntrust rates > fixed fha wachovia rates > lowest fha home loans > lowest fha refinance rates > todays lowest fha mortgage rates