the mortgage messenger: New Guidelines, What You Need To Know About 2010 Tax Returns
- 03/07/11 02:14 AM
It's that time again and individuals and business owners are compiling their reports, stubs and records for their 2010 IRS Federal and State tax Returns. For loan officers, there is a very real need to understand the import of tax return on the mortgage loan process for your clients, because the timetable can affect their ability to obtain the still-low interest rates available. The income verification step of the mortgage loan process requires a tax return, but with the delayed date of midnight, April 18, 2011 for long-form filing, returns will be processed even later this year. The second delay is … (0 comments)
the mortgage messenger: Why the Time is Now to Refinance or Buy a Home
- 02/18/11 05:37 AM
Falling home prices. It's still a reality in many sectors of the United States, including regions here in Connecticut. However, mortgage loan interest rates are still at unprecedented lows, a fact that drives the ability of homeowners interested in refinancing their existing mortgage or buyers in the market for a new home to find the loan solution they desire. As the Fed continues to debate increasing mortgage loan rates, it's important to state that any increase in loan rates will put an insurmountable obstacle in the path of the housing market recovery. Combining low home values with higher interest rates, and … (0 comments)
the mortgage messenger: Picking up Speed – Some Positive Housing Market Predictions
- 02/11/11 08:10 AM
In a recent article from YOU Magazine, some positive overviews of the economy and housing market have come to light. (See the full article here) See our take on the major discussion points and consider your position on the following predictions and statements for the 2011 economic year and the potential for this year's housing market. "At the end of 2010, the Fed initiated its second round of Quantitative Easing (QE2), which is the concept of the Fed becoming a buyer of Treasuries and Bonds. They took this step in a bid to stimulate the economy by: creating inflation, lowering the … (0 comments)
the mortgage messenger: By the Way, Talking about the Weather…
- 02/10/11 05:30 AM
It's a daily topic of conversation lately across the US. In January, when 48 out of the 50 states had snowfall, two weeks ago when many regions of the Northeast were hit with a foot or more of snow, and last week with the Groundhog's prediction of an early Spring, the weather has taken top spot in many a water cooler conversation. A recent New Haven, CT Reporter article quoted NASA's climatologist Bill Patzert saying that the recent La Nina weather event "is one of the most intense events of the past half century". Referring to the change in atmospheric pressures … (0 comments)
the mortgage messenger: What is your 2011 Web Marketing Plan?
- 12/15/10 05:14 AM
Web marketing is always changing, altering to the technologies available and trends driven by the consumers who rely on it for their online shopping resources. 2011 is poised to be the year when Social Media becomes the norm within company marketing plans instead of the anomaly and when a social media marketing, SMM, plan integrated with targeted email marketing takes the lead in most industries. A few statistics that may be of interest to you: More than 70% of the global populations now have a mobile phone, that's over 5 billion mobile subscribers. In the US just about 9 out of … (2 comments)
the mortgage messenger: Mortgage Benefits from your Location, Location, Location: Rural Housing Options
- 11/23/10 08:17 AM
The economic conditions we face require anyone interested in pursuing a mortgage loan or a refinance to be savvy when shopping around for loan options. The Mortgage Messenger is happy to offer rural property owners and buyers an incredible option that will save you money and offer competitive rates on a 30 year fixed rate mortgage. USDA Guaranteed Rural Housing Program The opportunities presented by our Rural Housing Program include: •· For the purchase and RD to RD refinance of a 1 unit primary residence. Loans can be up to 100% Loan Amount to Property Value with a .02% guarantee fee. … (0 comments)
the mortgage messenger: Self-Employed? We Have Mortgage Loan Programs for You
- 11/19/10 06:45 AM
As the economy flags and unemployment rates continue to stay up, the hope of economic recovery in the US leans more and more on the small business owners around the country. Working long hours and trying to build businesses in a poor economy, these entrepreneurial members of society need every benefit we can offer them. Do you know someone who is self-employed? Have they had a hard time finding their way to a refinance or a new mortgage loan? Perhaps they're interested in investing in property while the prices and the mortgage rates are at historic lows? The Mortgage Messenger is … (0 comments)
It's that time again and individuals and business owners are compiling their reports, stubs and records for their 2010 IRS Federal and State tax Returns. For loan officers, there is a very real need to understand the import of tax return on the mortgage loan process for your clients, because the timetable can affect their ability to obtain the still-low interest rates available.
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