loan: Suncreek Subdivision Allen, Texas - 11/20/08 11:18 PM
Tips for finding a job in Tough markets:
Finding a job during tough economic times doesn't have to be tough...if you know which strategies work. Here are some tips for beating the odds:
Take Networking to the Next Level: Networking is always a great job strategy, but in the current … (0 comments)
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loan: The Coming Year 2009 - Changing Trends - Predictions. - 11/20/08 03:37 PM
I've been in real estate long enough to make som e predictions based upon my expereince in the business, nad trends I've come across. This is not so much based upon sentiment, what I want it to be, but in rising market times, sales prices, and growing trends. This year in … (114 comments)
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loan: I have 100% Financing Available. Contact me for details - 11/20/08 11:59 AM
I have a source that will provide 100% Financiing for 1st time home buyers
Requirements:
Full Docs
$1000 in the bank.
Minimum 620 credit score.
The source is not a bank,private lender.
Contact me for more details.
… (0 comments)
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loan: 11 Steps to a Successful Short Sale - 11/20/08 10:50 AM
11 Steps to a Successful Short Sale
1. Letter of Authorization - LOA
The Letter of Authorization is required by the lenders to confirm that they are authorized by all borrowers to release information to the negotiating party. Please contact your escrow officer for a copy of our LOA form, or … (3 comments)
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loan: DON'T LET DISTRESSED HOMEOWNERS JUST WALK AWAY! - 11/19/08 11:54 PM
As property foreclosures continue to surge across the country, homeowners and lenders alike are seeking new ways to prevent this from happening. One method is loss mitigation. It is a set of tools the lender uses to stop foreclosure. These may include a pre-foreclosure sale, deed-in-lieu of foreclosure, loan modification, and … (2 comments)
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loan: Alternatives for Avoiding Foreclosure - 11/19/08 04:37 AM
In the current real estate market, I believe it is a moral imperative that individuals armed with real estate/mortgage knowledge use it to help homeowners facing hardship to save their homes. There are several options that may be available to these homeowners, including loan modifications (changing the terms of the loan without refinancing), … (0 comments)
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loan: Benefit of Used Vehicle Loan | Online Auto Loan - 11/18/08 10:25 PM
New or Used Vehicle Finance
Thinking to get a car of your choice? It is quite familiar that your budget may exceed but now for your dream car you do not have to look here and there for money as vehicle loans are there to finance your vehicle when cash is … (0 comments)
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loan: First Time Buyers, More Down Payment Help - 11/18/08 07:11 PM
One of the most common deterrents to first-time home buyers is the lack of a down payment. However, the home loan industry has practically re-created itself in the last ten years, making it easier than ever to obtain a mortgage, and new mortgage programs are always cropping up. Some states … (0 comments)
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loan: Facing Foreclosure or Your Landlord is Facing Foreclosure? - 11/18/08 03:50 PM
Lenders are willing to work with homeowners who are in trouble. Loan term may be extended or you may get a lower interest rate. Check with HUD, www.hud.gov, for advice.
If you know your landlord puts your rental unit for sale, you should better discuss with your landlord as well as … (0 comments)
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loan: Doctor Loan- A one of a kind mortgage loan program for Doctors!!! - 11/17/08 09:57 PM
My name is Brad Burton. If you have a client that is a doctor and they are looking to purchase a primary residence please contact me...They need to know about the Bank of America Doctor Loan. Or, if you are a doctor and you are reading this- please contact me for more details on the Doctor … (0 comments)
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loan: 24 HOUR SERVICE/SAME DAY CLOSINGS - 11/17/08 03:07 PM
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loan: Phoenix Real Estate Blog: More Mortgage Modifications on the Horizon? - 11/17/08 02:01 PM
Last Tuesday, the AP headline read “Big banks step up efforts to modify mortgages.” The article talked about how Citigroup has jumped on the modification train, announcing that it would work to help “at-risk borrowers” keep their homes.
According to the article, “With defaults mounting, lenders including JPMorgan Chase … (0 comments)
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loan: CONFORMING LOAN LIMITS TO REMAIN THE SAME FOR 2009 - 11/16/08 11:50 PM
- The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but specified higher limits in certain cities and counties. The conforming loan limit is the maximum size of loans that Fannie Mae and Freddie Mac … (1 comments)
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loan: St. Louis Real Estate-Market Watch November 15th, 2008 - 11/16/08 08:45 PM
The St. Louis Real Estate Market this week has our pending ratio dropping from last week to 10.27 percent, with a few more active listings and a few less homes accepting contracts. This "slow down" is very typical in our local St. Louis Real Estate Market for this time of the … (0 comments)
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loan: Lending Lessons - 11/16/08 03:30 PM
My buyer had been through the wringer. One problem after another had arisen with the purchase of her dream home, so that she had been living in a motel while paying a moving company to store her belongings for about 3 weeks. Finally, we were seeing light at the end of … (0 comments)
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loan: Cash Can Be Available Through Refinance Loan - 11/15/08 10:07 PM
For homeowners who have been in their homes for a while, one of the easiest and possibly cheapest ways of getting money out of their house is to refinance their home loan. Depending on the interest rate being offered on home loans, they may also be able to save money … (0 comments)
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loan: Freddie Mac Product and Eligibility Changes - 11/15/08 09:31 PM
When people ask when is the best time to buy or re-financing, I always reply what do that expect. There may be drop in interest rate but lenders may also tighten lending guideline. e.g. Freddie Mac has recently announced changes to the maximum LTV (loan-to-value ratios) limits. Effective Monday, November 17, … (0 comments)
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loan: Single wide mobile home loans, ALL DAY LONG! - 11/15/08 11:13 AM
A day doesn't go by that we don't get a call for financing ideas on single wide mobile homes. There are so many in Florida, because people retire here on fixed incomes and single wides are a super value. But, if you can't pay cash for your retirement pad, what are … (1 comments)
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loan: Homeowners Beware of Mortgage Relief Scams. - 11/14/08 06:15 PM
With The Economy in a Downturn Many Homeowners are Unable to Keep up With Rising Mortgage Payments. Some are suffering from a job loss and others have become overwhelmed by rising interest rates that are adjusting on their mortgage loans. The fact is this has become an epidemic across the Country … (10 comments)
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loan: FHA Changes Mean More Downpayment - 11/13/08 11:01 AM
Are you planning on buying a home in the Raleigh area and obtaining a Federal Housing Administration (FHA) loan? FHA loans are one of the few mortgage products still available with relatively modest down payment requirements. That will change somewhat on January 1, 2009.Currently, FHA regulations require a borower to make … (0 comments)
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loan: Canadian Gov't may increase Bank Mortgage Purchases to $75 Billion - 11/13/08 01:07 AM
Finance Minister Jim Flaherty pledged today to triple the amount of mortgages the government can buy from banks to as much as C$75 billion.
The Canadian Gov't, using its crown corporation, the Canadian Mortgage and Housing Corp. (CMHC), purchased $25 billion in mortgages last month.
Allow me to explain in simply … (1 comments)
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loan: Bank of Canada expected to Lower Interest Rates - 11/13/08 12:31 AM
Bank of Canada has hinted that they may cut interest rates again.
Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term."
The Cdn Central Bank cut its … (4 comments)
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loan: FHA Loan Limits and Down Payment Requirements are Changing... Again - 11/12/08 06:44 PM
Well folks, it's happening again. The loan limits and down payment requirements are changing again for FHA loans. So what does that mean to you? Please allow me to break it down...
The current FHA loan limit in Pinal County is $346,250. (That's a heck of a house in our neck … (0 comments)
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loan: Have You Looked at USDA Rural Housing Option Lately? - 11/12/08 11:04 AM
Wow, I just recorded an seminar (to be posted on www.LoanOfficersSeminars.com on November 20, 2008) on the topic of Rural Developme Guaranteed Housing!
I had been in the mortgage business for 28 years and had not heard of it until my daughter applied for one, low interest rates, 102% financing and no … (1 comments)
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loan: 2009 Fannie Mae Conforming Mortgage Loan Limits Stay the same for the 3rd year in a row. - 11/11/08 04:45 PM
Fannie Mae announced yesterday that the Conforming Loan limit will stay the same for 2009. This is the third year in a row that the limit has remained unchanged. This is good news as there was thoughts that the maximum balance could be reduced given the decline in … (0 comments)
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loan: Beautiful Home in Holly Springs! 100% Financing Available! - 11/11/08 03:52 PM
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loan: Home for Sale in Clayton - 101 Claire Drive - 11/11/08 03:26 PM
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loan: USDA Rural Housing Loan.........With Rate of 4.25%!!! - 11/11/08 08:27 AM
We can offer a buydown on a USDA Rural Housing loan to clients. What this means is that the first year, the rate is 4.25%, the 2nd year, it is 5.25% and the 3rd through 30th year, it is fixed at 6.25%!
This is done by having the seller pay … (1 comments)
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loan: Loan Modifications Done Right - 11/10/08 09:33 PM
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loan: Expect Obama To Support Housing Recovery Legislation - 11/09/08 06:57 PM
There’s been a lot of discussion among the media, economists, and even us real estate agents in Fremont, about what President-elect Obama will do about the housing market. Based on a review of Obama’s previous legislative record, senior leaders of National Association of REALTORS stated that Obama has generally supported legislation … (0 comments)
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loan: St. Louis Real Estate-Market Watch November 8th, 2008 - 11/09/08 04:20 PM
The St. Louis Real Estate Market this week is "getting ready for the holidays". Our pending ratio has risen slightly to 10.65 percent, which reflects about the same number of homes accepting contacts as last week, but with fewer active listings.
We are still seeing lower numbers of homes sold this … (0 comments)
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loan: Don't have 5% Downpayment --There are still Options - 11/08/08 04:15 PM
Recent changes in federal regulations on mortgages have eliminated the popular zero-downpayment financing programs that were available through the major mortgage default insurers.This does not mean that you will be unable to purchase a home without a minimum of 5% downpayment saved.
All Source Mortgages uses several lenders who have options available even … (0 comments)
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loan: An Opportune Time To Purchase - 11/07/08 11:27 AM
We're all lfishing for "things" that will help potential buyers realize that this is THE time to buy a home. Beyond the obvious low prices we find today and the low interest rates we're seeing, the Federal Government has provided a direct incentive to home buyers in the form of a … (4 comments)
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loan: Buying a Home? Get Your Plan Together. - 11/06/08 07:30 PM
The Current Real Estate Market Offers many Great Values with lower prices and very favorable interest rates on home loans. The inventory of available homes gives you the home buyer many options to choose from as far as amenities, location, size and those things that are important to your needs.
Many … (13 comments)
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loan: Is There A Right Way To Shop For A Mortgage? - 11/06/08 11:21 AM
SHOPPING AROUND?
HERE'S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!
First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly … (0 comments)
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loan: Georgia's Lake & Golf Country - 11/06/08 09:46 AM
Good Thursday morning. It is a beautiful day in Georgia's Lake & Golf Country. It looks to be a great weekend here at the Lakes. The leaves are right in the peak of changing colors and all around the lakes are beautiful picturesque landscapes. A breathtaking sight, especially first thing in … (1 comments)
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loan: What affects will Obama have on Canada? - 11/05/08 09:58 PM
It has been said in the past, that for Canada, being next to the United States, is like being in bed with an elephant. This statement was in specific reference to the close proximity between Canada and the United States... and the fact that the Canadian economy will most likely always … (2 comments)
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loan: Bilingual Spanish Mobile Notary in Cotati, Sonoma County, California - 11/05/08 04:31 PM
Bilingual Spanish Mobile Notary in Cotati, Sonoma County, California
24 hour service
Areas:
Petaluma, Cotati, Rohnert Park, Santa Rosa, Windsor, Healdsburg, Novato
Sonoma County
Marin County
Certified Loan Signing Agent
National Notary Association since 2003
Notary Website
Tel (707)Three32-5622 … (0 comments)
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loan: Phoenix Real Estate Blog: New Loan Modification Plan May Be in the Works - 11/05/08 03:12 PM
According to an Associated Press article on Wednesday, the government may be preparing a massive new loan modification program designed to help 3 million homeowners save their homes.
According to the Mortgage Bankers Association, at the end of June, more than 4 million Americans were at least one payment behind … (0 comments)
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loan: New Hampshire and Massachusetts Mortgage Rates - 11/04/08 08:53 PM
Many of my clients enjoy the mortgage rate lock advisory that is on my website and is updated daily as an RSS feed. Below is an example of today's mortage interest rate lock advisory and it can be found here: http://www.justinperry.net/DailyRateLockAdvisory. If you would like to add this RSS feed to … (0 comments)
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loan: What's really happening at the bank! - 11/04/08 07:19 AM
In these uncertain financial times, I thought it would great to ask a few of my favorite local lenders some questions about the loan process and what they are seeing.
100% Financing a thing of the past?
Elizabeth Dabrowski (Sugar River Bank) - While it is true that programs like FHA … (0 comments)
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loan: Making a Difference - 11/03/08 06:52 PM
When I turned 45, I began to wonder if I was making any difference in someones life. I spoke to many women who all stated that they went through the same thing. Some had a desire for knowledge and returned to college. Others wanted to make a change and either changed careers … (5 comments)
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loan: Loan Modification - 11/01/08 01:15 PM
… (1 comments)
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loan: Do banks still do mortgages? - 10/31/08 01:59 PM
I have been getting quite a bit of questions lately such as are banks still doing mortgages? Do you have to put 20% down? Do you have to have perfect credit? Are there any no income verification loans? Are rates going down?
So I thought I would share … (6 comments)
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loan: TD Bank 1st to Move to Adjust Rates - 10/30/08 05:59 AM
Three times this month Toronto-Dominion Bank, Canada's second-largest bank, has been first to lower its prime rate following decisions by the Bank of Canada (the central bank) to lower its overnight rate. Toronto-Dominion's biggest rivals followed suit the same day.
For example, on Oct.8, TD Bank was the first to announce … (1 comments)
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loan: Does 100% Financing Still Exist? - 10/29/08 11:03 PM
With the changes in the credit market and the new FHA guidelines 100% financing is almost impossible to find. I say almost because there are a few programs still available. One of them is the U.S.D.A. Rural Development Program. The U.S.D.A. Rural Development Program is a government backed loan that … (0 comments)
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loan: Hope for Homeowners (H4H) implemented on Oct. 1, Guidlines are stiff! - 10/29/08 04:51 PM
by Kris & Kim on October 29, 2008
Here is some great information that I located that will explain the very detailed rules and restrictions that support the Hope for Homeowners initiative that kicked off at the first of October. If you are trying to keep your home and reduce … (0 comments)
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loan: Fed Cuts rate, Prime now 4%! - 10/29/08 02:52 PM
My Notes
Wow! So much has happened recently....so, in trying to keep positive about this industry, I will say that there are some great housing deals out there for buyers. Other than that, well, you read the paper....(which BTW, is bad because it's all negative press)
With so that negativity all around … (0 comments)
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loan: US Fed Lowers Rate to 1 percent - 10/29/08 02:19 PM
The US Federal Reserve has just matched a half-century low... they have lowered their interest rate by a half-point to 1.0%, in an effort to settle the current economic crisis. The funds rate has not been lower since 1958, when Dwight Eisenhower was president.
The Fed also stated that they … (3 comments)
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loan: Iceland Raises Interest Rates to a record 18 percent - 10/29/08 12:51 AM
Iceland raised interest rates to a record 18 per cent from 12 per cent yesterday as a condition of a proposed $2bn loan from the International Monetary Fund to help rescue the stricken country.
Iceland applied for the emergency loan after its banking system collapsed and is seeking another $4billion from … (6 comments)
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loan: Credit Union Consumer Facts, What is a Credit Union, Why is that Good for Me? Minnesota Credit Unions - 10/28/08 08:41 PM
Credit Unions offer an alternative to traditional banks. They are formed by a group of people with a common bond; customers may all live in the same community, work in the same industry or company, or belong to the social club. The members of the credit union pool their resources and … (0 comments)
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loan: Home Finance Mistakes You Can't Afford - 10/27/08 10:49 PM
www.centralCAliving.com
10 Home Finance Mistakes You Can't Afford
Most advice columns tell you what you should do, but just as importantly, there some things you shouldn't do. Here are 10 frequent home finance mistakes that consumers make - and that you should avoid.
Don't choose the wrong mortgage: With the advent … (2 comments)
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loan: FHA Mortgage Loans - 10/27/08 10:30 PM
It's interesting to see how many mortgage bankers are just now taking "FHA 101." This is a great product that most likely could have been used in place of many sub prime loans but that would have required the borrower to actually document their credit....imagine that. I have only been in … (0 comments)
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loan: What Is A FHA Appraiser? - 10/27/08 07:19 PM
A FHA appraiser is a state certified appraiser who has applied for and been approved to appraise property for FHA insured loans.
Because the down payment is lower and loan limits have been raised in Southern California, many first time home buyers have been approved for FHA insured loans. Boy is … (3 comments)
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loan: Financing Your Home Sale or Purchase - 10/27/08 06:08 PM
Financing a home sale "today" seems to be a real challenge, however, there are some alternatives worth considering.
**It's important that you seek the advise of your financing/tax specialist**.
There was a time in the early ‘80s when interest rates were ranging from 13 - 18 % and conventional loans were … (0 comments)
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loan: Banks Line Up To Take Advantage Of Govt. Cash Infusion - 10/27/08 11:51 AM
Today we learned that there have been 15 banks that have been approved for the government's offer for a cash injection outside of the initial 9. Many of these banks have run into problems with the "bad loans". The injection of cash most likely will be used to offset the bad … (0 comments)
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loan: Money Available - Direct Commercial Lender - 10/27/08 08:27 AM
Hi Everyone,
I recently made the switch from Broker to Commercial Lender with Meecorp Capital Markets in Fort Lee, NJ. MEECORP is a direct commercial lender specializng in short-term bridge and mezzanine financing. We handle commercial loans only, but residential brokers can still make money by referring your client to us. Brokers are always … (0 comments)
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loan: It's a good time to purchase, isn't it? - 10/26/08 05:42 PM
I think we all keep wondering when the bottom will hit or if it has already happened. Unfortunately, this is one of those areas that we won't know when the bottom hit until long after it has happened. Then we'll be able to look back and see with certainty when it … (6 comments)
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loan: Additional Mortgage Website - 10/24/08 04:03 PM
Additional Website Soon to be launched. Feedback welcome.
http://ginaburgio.110mb.com
Mortgage Broker serving clients throughout Ontario, including Toronto, Mississauga, Milton, Oakville, Hamilton, Ancaster, Brampton, Burlington, Brantford, Stoney Creek, Niagara, Kitchener, Richmond Hill, Guelph, London, Waterloo, Cambridge and surrounding areas.
Gina Burgio, Mortgage Agent VERICO Designer Mortgages Inc. Toll Free: 1-877-345-6265 … (1 comments)
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loan: Light At The End of The Tunnel...Or Really An Oncoming Train! - 10/24/08 01:22 PM
Car Show In Rancho Santa Margarita by John Alesi, Mission Viejo REALTOR® Mission Viejo CA Real Estate
On Monday, Oct 10th, local Orange County real estate prognosticator, Gary Watts, presented a seminar "The New Financial World and Its Impact on Real Estate." After explaining the reasons for the current slump … (0 comments)
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loan: What a Commercial Broker Doesn't Tell You - 10/24/08 09:51 AM
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Investors who are seeking commercial financing should choose their mortgage company wisely. The tight credit markets of today are creating a new breed of mortgage marketeers. The majority of them are pitching easy financing with up 100% LTV loans. You should be aware of these mortgage companies and … (0 comments)
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loan: Home equity loan in Columbus Ohio - 10/24/08 08:31 AM
Home equity loan in Columbus Ohio
So, you bought yourself a Columbus Home a few years ago, and now you have some equity in your home. Home equity loan refers to the loan which is granted on the basis of the equity involved in home, i.e. taking loan using the residential … (0 comments)
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loan: Credit Scores Remain Misunderstood - 10/23/08 08:25 PM
Too many consumers still don't get it when it comes to credit scores.
And what you don't know about credit scores can hurt you when it's time to buy a home -- especially in a tight credit market.
Only 28 percent of consumers are aware they need at least a 700 … (0 comments)
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loan: FHA LOANS: AGENTS AND MORTGAGE BROKERS: WATCH OUT FOR THIS TEST ON MULTI-FAMILIES!!! - 10/23/08 06:02 PM
So many loan officers forget about the "housing" check for 3 or 4 family FHA purchases. Desktop underwriting does NOT check for this, so it is a manual check. I have heard about loans failing at other companies because of this and it is a simple check that can be done … (2 comments)
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loan: WE CLOSED A LOAN IN 4 DAYS!!!! HERE IS HOW!!!! - 10/23/08 05:47 PM
YES! I took an application on a Tuesday and closed it at 5 PM Friday night! As long as a complete application is taken and any verifications (i.e. employment or rental) are conducted quickly and the file is internally underwritten via the FNMA or Freddie or FHA engines, and the appraisal … (5 comments)
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loan: Loan Modification - Frequently Asked Questions - 10/23/08 09:07 AM
- Reprinted from HUD web site.
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Question 1: In utilizing the Loan Modification option to bring an asset … (1 comments)
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loan: FHA Hope for Homeowners - List of Participating lenders announced - 10/23/08 12:01 AM
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays.
This program became effective as of October 1st, 2008 and runs through September 30, 2011. Congress anticipates that as many as 400,000 homeowners may be able … (3 comments)
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loan: I Want to Buy a Home, But Can I Get a Loan? - 10/22/08 12:09 PM
I was talking with one of my colleagues this morning and he told me of a guy he was speaking with yesterday. This client said he had wait to purchase a home because he didn’t quite have 20% for a down payment yet. Many consumers right now would like to purchase … (0 comments)
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loan: Low Interest Rates - 10/22/08 04:45 AM
Motorcycle Financing can make great Finance sense in many circumstances. In some cases consumers have gotten a loan at an interest rate which is much higher than the interest rate they would pay for a new loan today, for a variety of reasons. Your credit score can play a big … (0 comments)
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loan: Fannie Mae and Freddie Mac - 10/21/08 05:10 PM
I have had a few thoughts about the recent collapse of the mortgage giants and would like to know others thoughts on the matter. Fannie Mae and Freddie Mac were both taken over by the government in September of this year. This was mostly because of lax underwriting guidelines, and the … (0 comments)
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loan: Need a Mortgage Solution Fast? - 10/21/08 03:32 PM
Realtors, buyers, sellers - nearly everyone is frustrated with purchases and sales not going through because of financing issues. Loans can be delayed or denied for a variety of reasons, such as appraisal problems, underwriting backlogs, communication issues, and inept or careless loan officers or mortgage brokers.
We have the … (0 comments)
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loan: Cdn Gov't to Purchase up to $7billion of Mortgages - 10/21/08 02:54 PM
The Canadian Gov't announced today that they will, via their CMHC crown corporation, purchase up to $7billion of insured mortgage-based securities maturing in 2013.
The gov't purchased their first round of mortgages worth $5billion last Thursday.
This is forming part of the Cdn gov't $25billion plan to help banks weather the … (2 comments)
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loan: Canadian Banks are Not Expected to Adjust Prime Rate - 10/21/08 02:30 PM
Many economists in Canada are expecting the Canadian Banks to hold their Prime Rates, despite the Bank of Canada decision today to drop the overnight lending rate by a quarter point to 2.25%.
The Canadian Banks earlier this month followed a similar trend when the Bank of Canada lowered their rate … (0 comments)
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loan: US Fed Granting Up to US$540 billion to Money Market Funds - 10/21/08 02:07 PM
The U.S. Federal Reserve announced Tuesday that it will provide up to US$540 billion in financing to the money market mutual fund industry. The Fed's new program is called the Money Market Investor Funding Facility.
This Facility will be used to support a private-sector initiative designed to provide liquidity, or cash, to money … (1 comments)
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loan: Canadian Central Bank Lowers Rate to 2.25 percent - 10/21/08 11:06 AM
The Canadian Central Bank cut rates today by a quarter point to 2.25%.
This rate cut today by the Bank of Canada was left than the half point cut expected by some economists. The reaction to this was also seen by the Canadian Dollar... falling to a three-year low following today's announcement.
… (0 comments)
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loan: Bank of Canada cuts rates by 0.25 percent - 10/21/08 11:02 AM
The Canadian Central Bank cut rates today by a quarter point to 2.25%.
This rate cut today by the Bank of Canada was left than the half point cut expected by some economists. The reaction to this was also seen by the Canadian Dollar... falling to a three-year low following today's announcement.
… (1 comments)
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loan: The FHA $100 HUD Repo Program - 10/21/08 09:16 AM
FHA has extended indefinitely the $100 HUD Repo Program, which was scheduled to terminate on 9/30/08. This is great news, because this is a tremendous program. It allows ordinary people to take advantage of this buyer's market, by purchasing a home owned by HUD with literally nothing but a hundred bucks. … (4 comments)
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loan: Sharing my success.... - 10/20/08 10:07 PM
In this market I feel it is important for us to focus on the positive and not the negative news we hear on a daily basis. Today was one of those positive days in the mortgage business for me and for my clients.
Today I closed on a refinance for one … (5 comments)
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loan: Bank of Canada Expected to Lower Rates - 10/20/08 04:40 PM
The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow. If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global … (0 comments)
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loan: Canadian Central Bank Expected to Lower Rates - 10/20/08 02:24 PM
The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow. If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global … (0 comments)
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loan: $185000 - GREAT DEAL on a 4 Bedroom 2 Bath home in Nashville!!! Awesome Location! - 10/20/08 02:22 PM
This home is a 4 Bedroom, 2 bath with 2633 square feet of living space and a 2 car garage. It features 3 stories with the 4th bedroom and 2 car garage on the lower floor. It has a very open floor plan and a massive kitchen with lots of countertop … (0 comments)
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loan: Are Florida Foreclosure Numbers Inflated? - 10/20/08 11:45 AM
Mortgage Blogger Sue Botelho of Northstar Mortgage Group, LLC in Destin, Florida recently posted a great article about foreclosure numbers in our state and whether they're erroneously reported. There are some great points made in this piece - specifically dealing with how Lis Pendens and the foreclosure of investment properties.
Her … (0 comments)
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loan: Golden 1 Rescue Loans and Repair Loans - What do you know about them? - 10/20/08 11:03 AM
Golden 1 Credit Union is offering 2 loan programs:
Mortgage Rescue program for their members who are facing foreclosure on a loans from another lender.
Mortgage Repair loan for their members who have lost the home to foreclosure and are trying to repair their credit and buy another home.
I want … (0 comments)
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loan: St. Louis Real Estate-Market Watch October 18th, 2008 - 10/19/08 06:29 PM
The St. Louis Real Estate Market this week shows a very small increase in activity with a few more homes accepting contracts, coupled with less active listings, which has pushed our pending ratio up to 11.33 percent. Our number of homes sold in the past six months continues to decline with … (0 comments)
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loan: Citywide House Hop 10/26 - 10/19/08 06:02 PM
Who's eligible for the $10,000 deal?
Part I: $7500 Tax Credit
The first time homebuyer tax credit was recently introduced in August of 2008 and available for homes purchased between August 9, 2008 through July 1, 2009. Here is the, "at a glance" version of the credit...
The tax … (1 comments)
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loan: Creative Finance Solutions For Large Homes - 10/19/08 04:16 PM
I have a friend who has fallen on hard times, and he owns home that is (was) worth well over $1M. Like most Americans, he has the home pretty well leveraged, in fact owing much more on it that it is worth today. As you can suspect, his moral is … (2 comments)
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loan: The Truth About the Wisconsin Mortgage Market - 10/18/08 06:48 PM
For immediate release October 18, 2008
The Truth About the Mortgage Market
By Gwenn Tanvas, Certified Mortgage Planner, Patriot Mortgage Services, Inc.
Appleton, WI - Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out … (0 comments)
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loan: Do you need a REALTOR or Mortgage Broker? - 10/18/08 11:20 AM
The same consideration should be given to hiring a REALTOR & Mortgage Broker as hiring any other professional. When I look for a doctor, accountant or attorney, I want someone that is well educated, has experience, ethics and a track record of satisfied client. What is most important is I want … (0 comments)
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loan: Latest Home Mortgage - 10/17/08 08:40 PM
October 2008 offers up a new home mortgage plan in northeastern Oklahoma called the "REI". This is a combo loan. The 2nd mortgage comes behind a conventional 95% or 97% loan or an FHA loan. The 1st mortgage has to be a fixed rate loan. The term of the 2nd mortgage is 20 years, … (0 comments)
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loan: FHA Preapproval and Non FHA Approved Condo Complexes - 10/17/08 06:15 PM
FHA financing used to be only for a select few. With the recent changes to the mortgage world, FHA has become much more popular and is in fact one of the most attractive financing options currently available when buying a home.
WHY?
Under FHA approved loans, you can put as little … (3 comments)
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loan: Cash in Hand Before Payday - 10/17/08 08:55 AM
The best way to be timely in the repayment will be adjust the repayment date with the borrowers' payday. You too can do so and avoid being late in the repayment. Without making you rush to the lender or without letting you to take any pain, the fast loans amount to … (0 comments)
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loan: Investing in Commercial Properties - 10/16/08 03:09 PM
Purchasing a property as a rental can prove to be one of the most important assets of an investor's portfolio, but what kind of property is best for you? Most investors will tell you commercial properties are the best real estate to invest in because of their unique advantages. This is … (0 comments)
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loan: Bring it on home! - 10/16/08 02:17 PM
Buyers and sellers develop a natural sense of excitement as a transaction's closing date nears. While most aspects should run smoothly, it's wise to be prepared for unexpected delays. Anticipating potential problems before they develop could save untold time and stress.
One pitfall might be the title search. The title is … (0 comments)
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loan: Why Let an Appraisal Kill Your Deal? - 10/16/08 01:58 PM
Appraisal issues are a common stumbling block or deal-killer in the current mortgage lending environment. Many Realtors and consumers attribute appraisal problems to the type of loan (FHA is frequently blamed), the appraiser, or the lender. Sometimes, that's true. And sometimes the desired value simply isn't there, no matter what approach … (4 comments)
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loan: Canadian Dollar vs US Dollar and The Price of Oil - 10/16/08 11:30 AM
Many people were wondering last week why the Canadian Dollar started to lose value against the US Dollar, when it appears that the USA was in greater crisis mode in comparison to Canada.
Well here is why....
Canada is one of the world's largest producers of oil and holds oil reserves second only … (17 comments)
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loan: Credit Tips!!! - 10/16/08 11:01 AM
1. Payment history - what is your track record? 35 % of the score
2. Amounts owed - how much is too much? 30% of the score
3. Length of credit history - how established is yours? 15% of the score
4. New credit - are you taking on more debt? … (0 comments)
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loan: Oh Oh now the Bond Programs in danger! - 10/16/08 10:08 AM
We know that the bond programs are the only source of down payment assistance in many areas. None of the new bond programs have been able to begin because there are no buyers for these bonds.For most of the 2000's, Fannie Mae and Freddie Mac were the major or only buyers … (1 comments)
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loan: Financing an older Mobile Home? - 10/16/08 09:42 AM
In Florida, financing a mobile home breaks down into 3 categories. If you have a home built after June of 1976, the options are fairly wide open. Lenders will line up to do conventional financing, FHA insured loans and VA loans. In these cases, there is typically very little money required for … (0 comments)
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loan: Solving the Housing Crisis - Your Thoughts? - 10/15/08 07:52 PM
In the interest of full-disclosure, I am a Realtor. I think this bailout is insane and incredibly short-sighted.
Taking my Realtor® hat off and putting my MBA hat on, let me offer the following:
•· I understand that liquidity is the problem, but injecting money does NOT guarantee that liquidity will … (2 comments)
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loan: Home Repair Loan Fund - 10/15/08 07:05 PM
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