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fha rates: Mortgage Interest Rates - What do you have to give me??? - 06/21/10 12:14 PM
Interest Rates - What kind of rate do you have for me?
Mortgage interest rates can be very complex. It's a question that is harder to answer today more than ever before. There are just to many variables that can go into a specific interest rate. Yes, you will still see many advertisements on the tv, on the internet, on Facebook, or hear them on the radio that give out low interest rates. How many times do you see the fine print appear and last for only seconds. This is where some of your detailed information is … (12 comments)
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fha rates: FHA loans vs Conventional loans - Get a bang for your buck - Large down payments aren't always the best way - Part 3 of 3 - 02-01-10 - 02/03/10 11:14 AM
I have been talking about comparing FHA loans to Conventional loans and how to use your money wisely in my last 2 mortgage posts. The links are below and I suggest you reading them to find out what the fuss is all about. But in this post, I wanted to bring up 2 important points.
some people argue that you should put more money down if you have it, so you don't become up-side-down in your property (I disagree with this statement) another point is that you could actually make a lesser down payment and take some of … (12 comments)
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fha rates: What is Transparency?? Best Mortgage Rates/Online services/Real Estate Services - (Part 1 of 2) - 01/17/10 11:30 AM
Transparency in the Real Estate world… what does it truly mean?
How many of you in the last few years kept hearing real estate and mortgage professionals talk about transparency? Before we start, let's define a few types of transparency.
Transparency - as used in the humanities and in a social context more generally, implies openness, communication, and accountability.
The secondary meaning of transparency are - procedures that include open meetings, financial disclosure statements, the freedom of information legislation, budgetary review, audits, etc.
(These definitions come from Wikipedia)
Here is my major frustration … (15 comments)
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fha rates: Mortgage Payment vs Mortgage Interest Rate - 07/20/09 10:00 AM
Mortgage Interest Rates - When people shop for mortgages, one of the first things they want is to know the interest rate. Not only that, they want the best and lowest rate. When your average loan officer hears this, they usually don't want to lose you as a client, so they might low ball the rate a little. It doesn't matter if they put this quote on the good faith estimate. It's just an estimate on a piece of paper that until you have a property and have locked into this rate, some loan officers won't honor this … (14 comments)
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fha rates: FHA Loans & FHA Mortgages - setting the record straight !!!! - 06/28/09 09:42 AM
FHA Loans and FHA Mortgages -
Believe it or not, for many areas across the United States, in today's market, FHA mortgages seem to be about 50 percent of today's real estate transactions. What has bothered me since there aren't as many mortgage programs as outlets anymore, is that more and more lenders/loan officers are utilizing FHA loans now than ever before. And the crime to this surge of FHA loans is that more and more loan officers are just making up stuff that isn't even 1 percent true, just to get the borrower in the door.
What … (13 comments)
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fha rates: Mortgage Interest Rates will go LOWER !!! Interest rates will go lower !!! - 02/20/09 10:37 PM
Mortgage interest rates will go much lower in less than a month. Wait, interest rates will go higher in a month. No, wait, interest rates will go much higher by the end of the year, possibly to double digits.
So, are you confused? Where are you getting your information from? I have heard both from the news media and the government that they will lower rates. We heard back in November 2008 that rates would go to 4.5%. But you can go to 4.5% now, but depending on the loan amount, the LTV, and your credit … (60 comments)
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fha rates: FHA loans & FHA rates - Why so different from conventional loans? - 05/09/08 01:06 AM
FHA loans in many cases are much better than conventional loans. I have made this statement several times recently because I am tired of listening to loan officers, realtors, and the average consumer get all excited because FHA mortgages are back. People, they never left. FHA loans are not the new subprime mortgages.
FHA loans have been around since 1934. And why are they much better than conventional loans? I can make this statement if your credit score is below 680 and especially if you are putting 10 percent or less down.
Overall, it's not rocket science to figure … (9 comments)
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fha rates: Mortgage Interest Rates - Up or Down? - 01/24/08 09:15 PM
Okay, so what have you heard on the street in the last several days? I am sure many of you have heard that interest_rates were lowered. Now, I don't want to confuse you, because I want to keep this very simple and educate you from my past experiences in the mortgage industry.
I want to make one bold statement before we move forward. We all get our money from the same place. Meaning, if your loan officer works for a bank, a correspondent lender, or as a broker, we all deal with the same money at the same price. I … (28 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
More about me…
Social Media - Infinity Home Mortgage Company, Inc
Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
Cell Phone: (609) 440-5133
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