Low Mortgage Rates Make This a Good Time to Buy a Home

Written by Family Fun. Posted in Mortgages rates, No deposit home loans, Reverse mortgage advantages

Tennessee home mortgage
Given uncertain economic conditions, many people believe that buying a home is no longer with in their reach. But they could be wrong. With long term home mortgage rates falling as low as 3.31% in 2012, this is actually a good time to buy a home. A reliable firm of direct mortgage lenders can not help you find low interest home loans, they can also help you with other financial services such as refinancing a loan or consolidating debt.

Home buying 101: A good credit score

In general, according to the Home Loan Learning Center, the majority of commercial mortgage lenders will not approve loans for people with a credit score of less than 680. For FHA mortgage loans, a mi