|
| |
real estate: Special Alert Fed is meeting soon and could impact rates - 04/21/10 12:07 PM
Richard Woodward
Banker / Senior Branch Manager
When Trusted Advice Counts
Office: (972) 661-5136
17311 Dallas Parkway Suite 173 Dallas, TX 75248
Visit Us Online - www.Envoy-Mtg.com
… (0 comments)
|
real estate: Factors To Consider When It Comes to Your Mortgage - 04/09/10 09:04 AM
Putting Things in Perspective
Factors to Consider When It Comes to Your Mortgage
In last month's You Magazine, Barry Habib, Chairman of Mortgage Success Source, discussed how home loan rates may well buck the phrase, "March comes in like a lion and out like a lamb" due to the Federal Reserve ending its Mortgage Backed Securities (MBS) purchase program on March 31st. And the last week full week of March did in fact feel the "roar of the lion" as in two days, interest rates increased sharply following financial uncertainty and action within the bond markets.
With uncertainty surrounding the months … (0 comments)
|
real estate: Home Buyers the time to act is now - 03/15/10 04:40 PM
Attention Homebuyers: Double-Barrel Stimulus DeadlinesThreaten Rates and Affordability; The Time to Act is NOW!
The great author and speaker Og Mandino once said, "I will act now. I will act now. I will act now." This is great advice for prospective homebuyers over the next 45 days, as two key government programs that have kept home ownership more affordable than ever wind down to their completion. First, the Federal Reserve's Mortgage Backed Securities (MBS) purchase program will come to an end on March 31, just two weeks away! Without this program home loan rates could have been at least 1.00% higher...and … (0 comments)
|
real estate: Where Are Rates Going Now? - 03/05/10 02:03 PM
Important Deadlines on the Horizon
Two years ago, the Washington Post reported that home loan rates shot up to nearly 7% from 6% in less than a week. The volatility demonstrated that week resulted from turmoil in the financial markets and a lack of buyers for mortgage backed securities (MBS).
That volatility continued through November 2008 when the Federal Reserve announced a program designed to lower rates and provide stability to housing. That program has been incredibly successful, driving rates to the lowest levels of all time. However, as this program will end March 31st, people want to know: Where are … (2 comments)
|
real estate: How to Buy a Fixer-Upper - 03/01/10 02:49 PM
How to buy a Fixer-Upper
FHA 203(k) For Purchases
Real estate agents and home buyers are scrambling to adjust to today’s real estate market which is filled with foreclosed homes that have suffered from disrepair and neglect. Many banks that own these foreclosed properties are unwilling to repair them. As a result, many foreclosed properties do not qualify for traditional loan programs. FHA’s 203(k) loan program provides the funds necessary for both the purchase AND the renovation of a home.
Loan Program Advantages:
Streamline Program, Limited Repairs Up to $35,000 Low Down Payment Credit Scores as Low as 620 Competitive … (0 comments)
|
real estate: Those Who Wait Will Pay Thousands More This Spring - 01/29/10 11:47 AM
Those Who Wait Will Pay Thousands More This Spring
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to … (0 comments)
|
real estate: Lenders and Realtors need to work together to help Buyers understand the new GFE - 01/28/10 04:52 PM
Now more than ever a good working relationship is essential. An Open Letter to Texas Realtors Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers. The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios. In essence, HUD is working to bring all lenders up to the same standard of excellence in reporting closing costs that I have always adhered to, estimating realistic fees that a buyer should expect … (3 comments)
|
real estate: FHA Announces Big Changes to Existing Programs - 01/20/10 03:54 PM
Today FHA announced that it would make sweeping changes to the current FHA mortgage program in an attempt to shore up it's beleaguered balance sheet. As many existing FHA borrowers default on their home loans the move is necessary to ensure the program stays solvent.
The biggest impact will be the increase in the up front mortgage insurance required. FHA will raise the up-front Mortgage Insurance Premium, paid by borrowers, from 1.75 percent to 2.25 percent as well as request legislative authority to increase the maximum annual MIP that the FHA can charge. This is the second time in two years … (0 comments)
|
real estate: Daily Rate Lock Advisory for 1/13/10 Texas - 01/13/10 02:03 PM
Dallas Texas mortgage rates still holding in the high 4's and low 5's but good news about the end of the recession from the Federal Reserves office means bad news for mortgage bonds. Rate could start a slow steady rise. Visit www.EnvoyMortgage.us for a quick rate quote.
Richard WoodwardBanker / Senior Branch ManagerWhen Trusted Advice CountsEnvoy Mortgage
Office: (972) 661-5136 Fax: (972) 314-9647
17311 Dallas Parkway Suite 173 Dallas, TX 75248
Visit Us Online - www.EnvoyMortgage.US
… (0 comments)
|
real estate: Daily Rate Lock Advisory - 01/11/10 11:57 AM
Richard WoodwardBanker / Senior Branch ManagerWhen Trusted Advice CountsEnvoy Mortgage
Office: (972) 661-5136 Fax: (972) 314-9647
17311 Dallas Parkway Suite 173 Dallas, TX 75248
Visit Us Online - www.EnvoyMortgage.US
… (0 comments)
|
real estate: What's Ahead for Home Loans in 2010 for Dallas Texas - 01/08/10 11:56 AM
The Times They Are a ChangingWhat's Ahead for Home Loans in 2010 for Dallas Texas
This year could bring significant changes from 2009 for those seeking home loans. Over the last year, home prices fell to 2003 and earlier levels in many parts of the country. In addition, home loan rates declined to the lowest levels on record and this combination led to the highest home affordability levels ever recorded. Here's a recap of what happened in 2009 and what you need to know for the year ahead.
Would You Like a Sweetener with that Rate?
Interest rates throughout 2009 were … (0 comments)
|
|
|
|
|
|
Richard Woodward
Frisco,
TX
More about me…
Envoy Mortgage
Address: 17311 Dallas Parkway, Ste 173, Dallas, TX, 75248
Office Phone: (972) 661-5136 x 231
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)