40 year mortgages have recently become a hot topic of discussion. Mortgage rates have increased the price of owning a home across the nation so many people have been looking for relief in different avenues. Now, the housing market is going insane about 40 year mortgages. And with home prices at an all-time high, who wouldn’t want to get a 40 year mortgage?

And that’s why the FHA recently came out with some changes in regard to 40 year mortgages that will help many homeowners in the future. But there is a lot of miscommunication about what this change really accomplishes.

So in this video, we’ll discuss the latest changes by the FHA regarding 40 year mortgages, how you can get a forty year mortgages, and some alternatives to get you a lower mortgage payment.

To read the truth about 40 year mortgages from the FHA, here is the final order from HUD regarding the forty year term for loan modifications.
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00:00 Intro
00:46 Latest Changes from the FHA About 40 Year Mortgages
02:17 How You Can Get A 40 Year Mortgage?
03:18 Alternatives to Lower Your Monthly Mortgage Payment
04:15 Summary
04:53 Outtro

40 year mortgage rates are likely to be one of the cons you'll see if you can get one of these loans. This is one of the most shocking truths behind 40 year mortgages. If you still think getting a 40 year mortgage is a good idea, there are some options available to you. But beware, there are some scams and lies going around so you have to make sure the lenders have a good reputation.

If you are in the Dallas Fort Worth area and are in need of any real estate assistance, feel free to book a free consultation with me.
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Trenten Ward
Dallas Fort Worth Realtor
Call or text at 404-991-8746
Email at trenttheagent@gmail.com

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Trenten Ward is a licensed real estate agent with eXp Realty

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