mortgage: Rate/Market Update - 10/11/08 03:27 PM
Greetings,
I hope you are well and hanging in there in this ever-changing world of ours right now!
First off - quick answer for y'all - YES, I am still in business and we are still lending money! Naturally, I have to follow that up with ‘yes' it is more ‘challenging' … (2 comments)
mortgage: 100% financing dwindling away.... - 02/26/08 06:32 AM
The mortgage market has not gotten any easier in the recent weeks....programs still being taken away from us and credit score enforcements are becoming even stricter. The State of Michigan has been declared, by almost all investors, a declining value state, hence, no investor will loan their maximum loan-to-value. What this means - … (12 comments)
mortgage: So, the Fed has 'cut the rates'.......what does that mean to mortgage rates? - 02/21/08 12:23 PM
So, the Fed has 'cut the rates' - twice no less - what exactly does that mean to those of us who have/want mortgages? The Fed cuts the rates that allow banks to borrow from each other and also to borrow from the Federal Reserve. Unless you have a Home … (6 comments)
mortgage: 1/22/08 - Fed Cuts Rates .75% in Special Meeting - 01/22/08 12:05 PM
The Federal Reserve held a special meeting last night which resulted in a .75% rate cut to the Fed Funds Rate to 3.5%. This is the first intermeeting action since September, 2001 and the deepest one day Fed Cut since 1984! A brief statement issued by the Fed this morning said: … (1 comments)
mortgage: Does each credit report pull count AGAINST the borrower? - 01/12/08 08:48 AM
Most of us in the industry have been counseled that when multiple lenders, car dealers, etc. pull a clients credit report within a certain time frame that the ‘inquiry' only counts as ONE. Recent information from the credit bureaus has enlightened us that this, in fact, is NOT the case. There are separate … (9 comments)
mortgage: Time to pull your annual free credit report - 01/11/08 08:14 AM
WHAT'S ON YOUR CREDIT REPORT?? How to pull your ‘FREE' annual credit reports: Go to http://www.annualcreditreport.com/Click on the drop down menu for which State you are in.Hit the 'GO' button and start filling out info. The http://www.annualcreditreport.com/ site will always be your base site.There will be a link on each consecutive page that will … (2 comments)
mortgage: PMI stays Tax-Deductible for next THREE years! - 01/02/08 04:54 PM
President Signs Three-Year Extension of Federal Tax Deduction for Mortgage Insurance Premiums THE WHITE HOUSE - Legislation to extend the federal tax deduction allowing homeowners with lowdown-payment mortgages to deduct the cost of their government or private mortgage insurance premiumsfor three more years has been signed into law by President Bush. … (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Greetings,
;)
;)
