Ar_home_b_search
 



va loans: Interest Rates Are Coming Back Down - 07/20/09 04:56 PM
Mortgage rates fell to the lowest level since May as home-loan refinances surged. Rates had reached record lows of 4.5% for a 30yr fixed rate loan in April until the end of May where they spiked over 1½% in two days time.
Since then they've slowly edged back down - Today the average 30-year rate fell to 5.14 percent, down from 5.20 percent. The 15-year rate was 4.63 percent.
Some more technical data:     - Overall home loan applications rose 4.3 percent this week:            * Purchase applications fell 9.4 percent             * Refinance applications rose 18 percent     - The global mortgage crisis has cost the world's financial firms almost $1.5 trillion in losses so far.     - … (5 comments)

va loans: Are you a veteran?? - 04/17/09 09:45 AM
Are you sitting down?? The government has actually gotten something right for once!!
For any veteran that is in the market to purchase a home know this - A government backed VA loan is superior to any loan product available today.
VA loans are the absolute best way to go in today's mortgage environment.
Some benefits: 
No down payment No monthly mortgage insurance The seller can usually pay all of your closing costs Loan amounts up to $417,000 (higher in some cases) No min/max income requirements to qualify Flexible debt-to-income ratios (Up to 60% w/ good credit) Credit scores as low as … (3 comments)

 
Pic

Dan Magstadt

Lake City, FL

More about me…

Main Street Financial

Address: 496 SW Ring Court, Lake City, FL, 32025

Office Phone: (800) 669-6734

Cell Phone: (386) 365-7161

Email Me

Mortgage blog written by Dan Magstadt to help give some insight into the mortgage market as well as let everyone know what's going on at Meridian Financial & my personal life!
rets


Links

Archives

RSS 2.0 Feed for this blog