ilmscore | 40 Year Home Loans Just Got Approved | What You Must Know

40 Year Home Loans Just Got Approved | What You Must Know

Published: 2023-04-06
Status: Available | Analyzed

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Topic
Status
FHA will start offering 40-year mortgages starting May 8th.
"effective next month on the 8th of May the federal Housing Association will start rolling out 40-year mortgages"
40-year FHA mortgages
Pending
40-year FHA loans will initially be for loan modifications for those behind on payments, not for new home purchases.
"this loan only applies to loan modifications for those who are behind on mortgage payments so no you will not be able to shop for a brand new home and expect lower monthly payments from a 40-year FHA loan just yet"
40-year FHA mortgages
Pending