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What Would a 5% Mortgage Rate Mean to Your Indianapolis Purchase?

July 26, 2013

Mortgage rates have been on the rise over the last several weeks, prompting many to take a pause from moving forward with the home buying process amid worry that rising rates will make homeownership unaffordable for them. The truth is that rates are still at an extremely competitive level and would likely be around 7% […]

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First Option Mortgage and Habitat for Humanity Team-Up!

July 15, 2013

For a second year, First Option Mortgage is pleased to be teaming up with Hank FM and Habitat for Humanity of Greater Indianapolis to support the annual Agriculture Build at the Indiana State Fair. Not only will the First Option Mortgage Indianapolis staff be on hand to help build a home for a family in […]

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How to Increase Your Chances for Approval on an Indiana Mortgage

July 08, 2013

If you’ve been considering entering the housing market and taking out an Indiana mortgage loan, but are concerned that you may not get approved, don’t give up hope. There are certain steps you can take to improve your chances for approval that will allow you to purchase while interest rates are still low and housing […]

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What’s Ahead for Indiana Mortgage Rates

May 13, 2013

Indiana mortgage rates have continued to hover at near all-time lows. Inflation remains low and economic growth data has been mixed leading to little change in the current mortgage rates. But how long do we expect this trend to last? The Federal Reserves Role After the jobless rate fell to 7.5% in April, the benchmark […]

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HARP Indianapolis Explained

April 11, 2013

Indianapolis, like many cities in the country, faced steep declines in housing prices during the economic downturn and housing collapse. Although the housing market is beginning to turn around and many people who may have once found themselves underwater on their Indianapolis mortgage are finally digging themselves out, 9.4% of Indiana homes were still reported […]

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Money Saving Tips for Your Indianapolis Mortgage

April 05, 2013 Apply for a mortgage loan with First Option Mortgage for competitive mortgage rates in Indianapolis.

Let’s face it, your Indianapolis mortgage will be the biggest debt you’re ever going to take on so making sure you are getting the best rate possible and are taking advantage of every trick in the book to get the principle paid off more quickly can have huge financial implications and save you thousands of […]

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Tips to Determining How Much Indianapolis Mortgage You Can Afford

March 25, 2013

If you are in the market for a new home in Indianapolis, the first thing you need to do before all else is determine your price range. Many suggest you should spend no more than 35% of your pre-tax income on housing, others suggest your payment shouldn’t be more than one weeks worth of salary, […]

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