home loan: Mortgage Applications Jump With Falling Interest Rates - 02/05/08 03:47 PM
By, Gaurav Bhola, MSM
The commercial real estate market has been doing extremely well for the last few years. However, its cousin the residential real estate market needs to take advantage of various opportunities for improvement. The housing and mortgage markets have been seeking to return to hey days of the … (0 comments)
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home loan: What Is An Interest Only Mortgage - 02/05/08 03:45 PM
By, Gaurav Bhola, MSM
An interest only mortgage has scheduled monthly mortgage payments consisting of interest only. Generally, the length of the interest mortgage payments last for a period of 5 to 10 years. If you pay only interest during this period your proceeding balance will remain unchanged. However, you may … (0 comments)
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home loan: Positive Outlook for Commercial Real Estate - 02/05/08 03:39 PM
By, Gaurav Bhola, MSM
The housing and mortgage market have been going through some difficult times in recent months. However, unlike the residential real estate cousin, the commercial real estate market has been doing well.
The construction spending on shopping centers, office buildings, and other nonresidential projects rose by 15.2 percent in … (0 comments)
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home loan: What is a Second Mortgage - 02/05/08 03:35 PM
By, Gaurav Bhola, MSM
A second mortgage is a secured mortgage loan which is secondary to another loan against the same asset. In the real estate arena, a singular property can have numerous loans against it. The mortgage loan that is duly registered foremost with the proper state, city or county … (0 comments)
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home loan: Mortgage Rates Slide Lower, Somewhat - 11/15/07 01:38 PM
by Gaurav Bhola, MSM
The never ending saga of increasing mortgage rates seems to have hit a wall; well, more like a small speed bump. After an 11 month high of 6.74 percent for 30-year mortgages, the rate lowered last week to an average of 6.69 percent, as reported by Freddie Mac. … (0 comments)
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home loan: Mortgage Rates Cut, Great Opportunity for Home Buyers - 11/15/07 10:31 AM
by Gaurav Bhola, MSM
As the housing market tries to find its footing, the mortgage rates have eased. The lowering of mortgage home loan rates seems to be a response to the Federal Reserve's (Fed) decision to cut interest rates recently. The Fed gave the home buying and mortgage markets much needed … (1 comments)
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home loan: Top Ten Tips for Buying a Home - 11/15/07 10:16 AM
by Gaurav Bhola, MSM
Home buying has always been a tedious process. The home buying journey is fraught with winding turns and crossroads, making buying a home complex and difficult. The complexities of the real estate and mortgage market are not easy to decipher. So, the more prepared you are before you … (2 comments)
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home loan: Are Adjustable Rate Mortgages Worth It? - 11/15/07 10:13 AM
by Gaurav Bhola, MSM
It is surprising that a study would find an option adjustable rate mortgage (ARM), the best mortgage available. The August 2007, Columbia University and New York University study found that in an optimal environment, an option ARM or a combination of an interest only mortgage with a home … (1 comments)
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home loan: Mortgage and Real Estate Markets - 11/15/07 10:09 AM
by Gaurav Bhola, MSM
The housing market has been in a downturn for a while now. The mortgage market is part-and-parcel of the housing market, has also been seeking a recovery. The reports on existing home buying sales for July and August shook the markets last week. Also, the decline in the … (0 comments)
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home loan: Federal Reserve Cuts Interest Rates - 11/15/07 10:02 AM
by Gaurav Bhola, MSM
The Federal Reserve has been working hard to influence the direction of the economy through monetary policy. The Fed attempts to expand the economy at a steady rate in order to achieve sustained long-term velocity. Also, the Fed endeavors to keep inflation at a low level, uphold price … (0 comments)
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home loan: Mortgage Lenders and Mortgage Investors on Their Own - 11/15/07 09:55 AM
by Gaurav Bhola, MSM
The language emanating from Federal Reserve Chairman Ben Bernanke and President George W. Bush is loud and clear; there will not be any bail out of mortgage lenders, mortgage brokers, and mortgage investors.
President Bush and Bernanke were blunt in their message that mortgage lenders will not be … (0 comments)
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home loan: Foreclosures Add to Supplies of Homes - 11/15/07 09:52 AM
by Gaurav Bhola, MSM
The current real estate home buying market is the worst one in 16 years. The housing market has been a victim of an oversupply of homes, rising defaults on mortgage loans, higher foreclosure rates, and residual effects from the subprime mortgage crisis. The overabundance of homes has pushed … (0 comments)
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home loan: Is Old Still Gold? - 11/15/07 09:45 AM
by Gaurav Bhola, MSM
The reverberations from the US subprime mortgage fiasco have not only been felt at home but abroad as well. European stock markets took a significant downturn when two weeks ago French bank BNP Paribas stopped panicky investors from cashing out from three investment funds worth $2 billion. The … (2 comments)
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home loan: Foreclosure Rates Climb - 11/15/07 09:42 AM
by Gaurav Bhola, MSM
The state of the mortgage industry is not looking bright, neither is the outlook for homeowners. While many mortgage lenders are attempting to avoid bankruptcy, many homeowners are trying to avoid foreclosure. Recently, American Home Mortgage filed for bankruptcy protection; so far Countrywide Financial is attempting to stay … (2 comments)
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home loan: Mortgage Defaults cause Angst among Homebuilders - 11/15/07 09:36 AM
by Gaurav Bhola, MSM
Homebuilders have been in rough waters for the last couple of months. Their new home inventory has been sitting practically idle in the down housing market. A recent survey of homebuilders’ sentiment reflected a 16-year low in their confidence in the housing market.
The homebuilders’ quantified sentiment … (0 comments)
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home loan: The Stock Markets Rise but Mortgage Fallout Not Over - 11/15/07 09:32 AM
by Gaurav Bhola, MSM
The ‘Mortgage Friday’ last week saw the stock market decline, as the residue of the U.S. mortgage market infected stock markets worldwide. The ongoing concern of the subprime home loan mortgage market restricted credit and credit liquidity caused the Federal Reserve to inject $38 billion into the banking … (0 comments)
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home loan: Mortgage Home Loan Fears Derail Global Stock Markets - 11/15/07 09:05 AM
by Gaurav Bhola, MSM
The mortgage contagion has spread like wildfire, infecting the global markets. In recent months the mortgage whirlwind has been gathering strength on terra-U.S., no longer able to be contained, the mortgage whirlwind has departed U.S. shores, on its path to engulf markets worldwide. The U.S. stock markets in … (2 comments)
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home loan: Borrowers Sacrifice Home Equity Loan Payments for Credit Card Bills - 11/14/07 03:53 PM
by Gaurav Bhola, MSM
The housing market after half a decade of boom came down with a thump last year. The increasing delinquencies on mortgage loans, especially subprime mortgage loans have been at epidemic proportions. Unfortunately, the home equity line of credit loans has not escaped this legacy of defaulting home loan … (2 comments)
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