A home is probably the biggest purchase you'll ever make in your lifetime. It's critical that you understand your home financing and the costs associated with your mortgage. The mortgage industry is continually trying to make home financing easier to understand. An informed homeowner is a smart and satisfied homeowner. As part of the effort to keep the process transparent, the Mortgage Disclosure Improvement Act (MDIA) requires notification of changes to your loan and also regulates when in the process certain fees may be (2 comments)
mortgage update: Improvement In Mortgage Market Bodes Well For 2008 Housing
- 10/18/07 09:26 AM
Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales. "Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages," he said.Read the full article here, and remember that the Ludlow VT real estate market is always changing from month to month and neighborhood to neighborhood. (0 comments)
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