ma mortgage rates: The Truth About No Closing Costs - 01/28/09 03:40 PM
Here is the short and splenda on how no closing costs mortgages work. When people hear or read "No Closing Costs," the first thing they ask is, "HOW?"
Especially in a declining interest rate environment I dont think it makes any sense (in most cases) to pay closing costs. Just like taxes and death you can always guarantee that there are costs associated with your mortgage. But you do have options. I always let my clients make the choice of whether or not they want to pay closing costs. Hold on I know what you're thinking, "Who would ever want to … (1 comments)
|
ma mortgage rates: But What If Mortgage Rates Get Lower? - 01/17/09 09:43 AM
That is the question I have been fielding from my clients for a month now. Don't get me wrong, it's a great question. But it leads many consumers into a state of "rate lock paralysis." Many people don't want to lock a rate today out of fear that rates will be lower sometime in the near future. There are two things I say to these types of borrowers:
I remind them about all the clients who missed out in January of 2008 when rates hit 5.00% for only a short while. I had dozens of clients who could have saved $200, … (1 comments)
|
ma mortgage rates: 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 the industry for 4 years now but one of the first loans I ever wrote was an FHA loan. These aren't anything new. In fact they have been around for a very long time. They still allow the borrower to contribute 3% into the transaction and that 3% can even … (1 comments)
|
|
|
|
;)
;)
