Real estate blog entries tagged with mortgage by Aaron Kelly - North Orange County Realtor (RE/MAX of North Orange County)

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mortgage: What impact will the loan modification programs have on the market? - 11/03/08 12:55 PM

I've heard Bank of America and a few other banks are preparing to launch a loan modification program that will lower interest rates and lengthen the loan terms. I'd like to know some of the specifics of various proposed plans and how they compare to the government's plans. How and when … (0 comments)

mortgage: A great idea to help reverse the housing crisis! What’s your opinion? - 10/29/08 04:42 PM

A couple of years ago lenders were offering "interest only" loans where customers could put off paying principal and interest for a few years and pay interest only. It's true that this caused some of the problem that we are now in, but it could also be the solution to get … (3 comments)

mortgage: Will the reduced interest rate result in lower motgage interest rates? - 03/18/08 01:34 PM

The Fed just cut interest rates again! Will the reduced interest rate result in lower motgage interest rates? Now that the Federal Funds rate is 2.25% the 30 year fixed mortgage rate should be 5.25%. Do you believe this will really happen and if so, when?
When the Feds cut the rates … (0 comments)

mortgage: Anaheim foreclosures and short sales are causing Brookhurst Village Condominiums in Anaheim to plummet - 02/22/08 05:20 PM

Anaheim foreclosures and short sales are causing Brookhurst Village Condominiums in Anaheim to plummet (Address 1250 S. Brookhurst St., Anaheim, CA 92804). I remember showing the 2 and 3 bedroom condos for sale in the complex last summer and there were many properties for sale between $275,000 to $360,000.
Now, just 6 … (1 comments)

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