The price of gas and the housing slump have taken their toll on many Americans. Almost all of us are driving less than we used to and grumbling about the price of gas. However, the current economic crisis is much worse than that for some people. Some Americans have lost their homes because they were unable to keep up the payments on their adjustable rate mortgages and others are afraid that foreclosure is imminent.
If you are struggling to make payments on an adjustable rate mortgage, the FHA may be able to help you. FHA mortgage refinance is a viable alternative to foreclosure for who have missed up to three repayments in the past twelve months. FHA mortgage refinance loans offer low and affordable fixed interest rates because the Federal government insures the loans for lenders. If you are struggling to make adjustable rate mortgage repayments each month, visit fha.com to learn more about FHA refinance and find out if you are eligible. Before making a decision make sure you compare FHA refinance rates to those offered by other mortgage providers.