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Plan For Refinancing Your Mortgage from Christopher Shearer - 05/21/09 08:10 AM
Christopher Shearer
By KAREN BLUMENTHAL
With mortgage rates holding below 5%, there has rarely been a better time to refinance your home. But with a one-two punch of tighter credit and falling prices roiling homeowners, the process has never been more difficult.
In the Sacramento, Calif., area, Michael McGee of Winchester McGee Financial estimates that one in four of his customers can't get a loan approved. In Plano, Texas, Rodney Anderson, a mortgage lender, says the rate sheet of mortgage programs he can offer customers has shrunk to two pages from 42 during the housing boom.
That doesn't mean you … (0 comments)
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SBA's Business Loan Programs from Christopher Shearer - 05/18/09 12:35 PM
Christopher Shearer
7(a) loans are the most basic and most used type loan of SBA's business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) program. Not all lenders choose to participate, but most American banks do. There are also some non-bank lenders who participate with SBA in the 7(a) program which expands the availability of lenders making loans under SBA guidelines.7(a) loans are only available on … (0 comments)
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Typical Tax Deductions for Homeowners. from Christopher Shearer - 05/06/09 04:23 PM
Christopher Shearer
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Don't Forget USPS Post Office Is Increasing Rates on May 11, 2009. Christopher Shearer - 05/06/09 04:21 PM
Christopher Shearer
The U.S. Postal Service announced that the price of a first-class stamp will increase from 42 cents to 44 cents on May 11, 2009. That gives you plenty of time to stock up on what the Post Office calls its Forever Stamp, a special stamp that has no price denomination printed on it but is good for any first-class letter weighing up to one ounce -- forever, no matter how much postal rates increase in the future. This means you don't have to locate and horde a bunch of one- and two-cent stamps to mail your letters after the … (8 comments)
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Are You Still Waiting On The Government? from Christopher Shearer - 05/06/09 04:14 PM
Christopher Shearer
During the first quarter of 2009, the first 100 days of the new President's term, you are no doubt going to hear a lot of news stories about the economic stimulus plan and the financial rescue package and their possible ramifications to the real estate and mortgage markets. You're going to see headlines about new incentives for home buyers and hear stories about 4% interest rates. But the truth is that right now, at the time of the writing of this article, the government already has in place one of the largest tax incentives for qualifying home buyers it … (1 comments)
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Regulation Requiring Mortgage Brokers Personal Credit Reports to be Posted with Mortgage Broker License? - 05/04/09 10:29 AM
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A "Short Sale" Doesnt Mean You Are Home Free Christopher Shearer - 05/02/09 08:42 AM
Christopher Shearer
By RUTH SIMON Financially troubled borrowers may think that foreclosure or a short sale of their home means their mortgage woes are over.
Not necessarily.
Some homeowners are finding that when they sell their homes for less than the outstanding mortgages -- a so-called short sale -- their mortgage companies are going after them for some or all of the difference. Mortgage companies are also sometimes taking legal action to recover unpaid amounts after a foreclosure is completed.
In a growing number of cases, holders of mortgages or home-equity loans are requiring borrowers in short sales to sign a … (2 comments)
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30yr Fixed Mortgage Rates Fell to 4.78% lowest ever since tracking began! From Christopher Shearer - 05/02/09 07:53 AM
Christopher Shearer
By David Wessel
Mortgage rates continue to fall, a boon to homeowners eager to refinance mortgages and to those courageous enough to ponder buying new houses. And, in an unusual development, rates on adjustable rate mortgages exceed those on 30-year fixed-rate loans, according to mortgage giant Freddie Mac.
Rates on 30-year fixed-rate mortgages fell to 4.78% in the week ended April 30, matching the one set in the week ended April that was the lowest since mortgage giant Freddie Mac began tracking the rate in 1971. The comparable rate a year ago averaged 6.03%. The decline, in part, reflects … (4 comments)
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Christopher Shearer
KW Commercial Real Estate Lynchburg
Lynchburg,
VA
More about me…
KW Commercial Lynchburg VA
Address: 101 Tradewynd Dr, Lynchburg, VA, 24502
Office Phone: (434) 534-2425
Email Me
Christopher Shearer's team offers the multidisciplinary expertise necessary to excel in Virginia's corporate real estate community. Our experienced team, deliver customized services at every stage of the real estate process and offer a proven track record in leasing and sales, tenant and landlord advisory services, corporate and business consulting, commercial and residential development, general construction, property and asset management, market research, and debt and equity capital placement.
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