financial: Mortgage Rates 1% ??????
- 10/13/10 04:38 AM
Believe it or not some people are waiting for rates to go lower before they make a move! How much further will they go???? We are already in the 3's for a fixed rate! People shouldn't be scared to make a move in the econmy we are in with rates that low and home values at such a great deal! I think now is the time to buy a home and 1st time home buyers should not wait!! Are we at the bottom??? uuummmm … (3 comments)
financial: Refinance to a 15 year term from a 30 year term!
- 10/05/10 02:55 AM
Now would be a great time to refinance to a shorter term with rates so low! Over the term of the loan you would save thousands of dollars. My opinon if you can cut your rate by at least 1% it is worht doing and that you plan on staying in your home. Money is cheap so go get it!!!!!!!!!!!!!! Everyone have a great day and make it happen :)
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financial: Lenders are getting back about 3000 homes every day this year!!!!!!!!!!!!!!!!!!
- 09/20/10 07:51 AM
Wow! This is just amazing how many homes are coming back to lenders this year. Dont know about the rental market but my guess that could that be a issue in the future (shortage) Something has to be done to get people back into homes and Lenders to work with homeowners to keep their homes. We do need a CHANGE....but for the better!!!!! … (4 comments)
financial: POVERTY AT THE HIGH SINCE 1960!!!!!!!!!!!!!!!!!!
- 09/16/10 04:58 AM
The number of people living in poverty in America rose by nearly 4 million to 43.6 million in 2009 -the largest figure in the 51 years for which poverty estimates are available - the Census Bureau said Thursday. The bureau said that the official poverty rate was 14.3 percent, or 1 in 7 of Americans, the highest proportion of the population since 1994. It was the third consecutive annual increase, up from 39.8 million, or 13.2 percent, in 2008. The bureau added that there were 8.8 million families living in poverty in 2009. The poverty rate for under-18s rose from 19.0 percent … (3 comments)
financial: HOME PRICES ARE UP!!
- 09/14/10 06:59 AM
Consumer confidence is up for the month of August and the average price of homes was surprisingly up for the month of June. The price of a U.S single family home rose in the month of June and was up overall for the second quarter of 2010, according to a report released by The S&P/ Case-Shiller Home Price Indices. After a home price fall the first quarter of 2010 by 2.8 percent it is great to see an increase in home prices by 4.4 percent the second quarter. Nationwide home prices are up 3.6 percent from a year ago. Many economists … (2 comments)
financial: CHANGES!!!!!!!!!!
- 09/09/10 09:01 AM
Seems like every time I turn around these days they are changes after changes. New programs, guidelines changes, underwriting, investors want this and not this. Do we want people in houses???? The American Dream is gone. You have to jump though hoop these days to get a loan done no matter who you are and how much you have. The interest rates are great but not many canget into a home with all this tough underwriting. From one extreme to another!!!!!! Please dont vote for OBAMA we have had enough change for the BAD!!! … (2 comments)
financial: Obama administration awards $12 million to stabilize Minnesota neighborhoods hard hit by foreclosure
- 09/08/10 10:33 AM
U.S. Housing and Urban Development Secretary Shaun Donovan today awarded an additional $12 million in funding to Minnesota communities struggling to reverse the effects of the foreclosure crisis. The grants announced Wednesday represent a third round of funding through HUD's Neighborhood Stabilization Program (NSP) and will provide targeted emergency assistance to help local communities Minnesota acquire, redevelop or demolish foreclosed properties. "These grants will support local efforts to reverse the effects these foreclosed properties have on their surrounding neighborhoods," said Donovan. "We want to make certain that we target these funds to those places with especially high foreclosure activity so we … (0 comments)
financial: FHA CHANGE OCT 4TH 2010!!!
- 09/07/10 07:36 AM
If you have buyers considering a purchase with FHA financing, it may be to their advantage to act sooner rather than later … (2 comments)
financial: Rates to go up today!!!!
- 09/03/10 03:11 AM
Look for rates to go up a little today with market reports that came out! Rates are still great!!!! People dont realize the average past history of rates are about 6.5% and we are way below that average!! Hope this cold spell and windy weather dont scare those home buyers out there. They better move now before it gets worst. Everyone make it a great day out there. … (3 comments)
financial: ZERO DOWN LOANS IN MINNESOTA!!! YES WE HAVE THEM!
- 08/31/10 06:04 AM
USDA LOAN PROGRAM WILL GET YOU INTO A HOME WITH ZERO DOWN! Basic requirements of the USDA loan program: 100% financing, 30-yr fixed, NO PMI Single family homes only Must have at least a 680 credit score, and no more than a 45% debt-to-income ratio Up to 3% seller paid closing costs Has to be in a rural area (That does not mean its out in the country in every case) Home Buyer Class Required Must be first-time buyer (or not owned a home in the past 3-years) FOR MOR INFORMATION CONTACT MY OFFICE!
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financial: RATES ARE STILL HANGING IN LOW 4'S!!!!! OPEN HOUSES THIS WEEKEND?
- 08/30/10 04:34 AM
ANOTHER WEEKEND GONE BUY AND RATES ARE STILL GREAT! THERE WAS A COUPLE OF OPEN HOUSES BY ME WHERE I LIVE AND I SEEN TRAFFIC AT THEM...WOW! JUST WONDER IF ELSEWHERE HAS ANYONE NOTICE ANY MORE TRAFFIC OUT THERE??? TRYING TO STAY POSTIVE AND KEEP MY HEAD UP AND HOPING THESE BUYERS COME OUT FOR ALL YOU REALTORS OUT THERE. I KNOW THE LOANS WILL COME! EVERYONE MAKE IT A GREAT WEEK OUT THERE! :)
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financial: Rates in the 3's for a 30 year fix!!!!! Never seen that before!!!
- 08/26/10 07:57 AM
I got my rate sheet yesterday and my bottom rate on a 30 year fix conventional loan was 3.875 with a 1% discount point. That is the first time I ever seen a rate in the 3's for a 30 year fix. Will rates go lower??? Who knows but money is cheap right now to loan. Just got to find those buyers to use this cheap money. If your renting right now and have a good credit score and a down payment now is the time to make a move into a home. How long can this last!!! Good luck to all … (1 comments)
financial: Buy a home, lose your job, MORTGAGE PAYMENT IS MADE FOR YOU??????
- 08/25/10 03:31 AM
WOW!!! WHAT A DEAL PURCHASE A HOME AND IF YOU LOSE YOUR JOB YOUR MORTGAGE PAYMENT IS MADE FOR YOU!!!!! THIS IS A PRODUCT THAT WE ARE ROLLING OUT IN SEPT. WILL THIS HELP PEOPLE FELL MORE AT EASE, AND GET THEM OFF THE FENCE TO BUY A HOUSE???? DONT HAVE ALL THE DETAILS HOW ALL THIS WORKS YET OR COST. BUT I THINK THIS WOULD HELP THE HOMEBUYERS MARKET!!! I THINK THIS IS ONE OF THE MAIN REASON WHY PEOPLE ARE NOT BUYING RIGHT NOW :) I WILL KEEP YOU UPDATED WHEN I FIND OUT MORE ON THIS PRODUCT. … (2 comments)
financial: WHY USE GATEWAY FUNDING DIVERSIFIED MORTGAGE SERVICES
- 08/24/10 05:30 AM
THE GATEWAY OFFICE IN MINNESOTA IS LOCATED 10 MINUTES EAST OF THE AIRPORT OFF OF HIGHWAY 494. OUR OFFICE HAS THE AVERAGE EXPERIENCE OF OVER 15 YEARS IN THE FINANCE INDUSTRY. WE ARE ONE OF THE LARGEST PRIVATELY-HELD MORTGAGE BANKERS IN THE COUNTRY. GATEWAY STARTED IN 1994 IN PA. WHERE THE CORPORATE OFFICE IS TODAY. WE HAVE IN HOUSE PROCESSOR AND UNDERWRITERS THAT ARE FAST AND COMMUNICATES ON A REGULAR BASIS TO KEEP US UP TO DATE ON ALL LOAN FILES. OUR CLOSING COST ARE $700 LOWER THAN THE NATIONAL AVERAGE AND ARE RATES ARE SOME OF THE BEST OUT THERE. WE … (0 comments)
financial: Traffic at open houses????
- 08/23/10 08:42 AM
WAS TALKING TO A REALTOR THAT HAD 3 OPEN HOUSES LAST WEEKEND AND ON ONE HOME HAD NOBODY SHOW UP AND THE OTHER 2 TWO COUPLES AT BOTH. WHERE ARE THOSE BUYERS??? IS THIS COMMON WITH ALL OPEN HOUSES OUT THERE AT THIS TIME. IN THE PAST I REMEMBER WHEN YOU WOULD HAVE LIKE 20 PEOPLE COMING THOUGH THOSE HOUSES AGENTS WOULD TELL ME. WHAT ARE YOUR THOUGHTS OR OPINIONS ABOUT OPEN HOUSES AND THE TRAFFIC YOUR GETTING THOUGH. THANKS FOR YOUR OPIONS AND COMMENTS!!!! … (3 comments)
financial: Simple Interest and compound interest????, Heres the difference!
- 08/20/10 03:49 AM
When making your mortgage payment every month you are paying compound interest. This means every payment goes toward your unpaid interest and principal balance. Simple interest is where you are paying on just your principal balance. A simple interest loan you can see you can pay off much faster because you are not paying interest on top of interest like a compound interest loan. I get this question alot and most people dont know the difference, hope this helps some of you. … (0 comments)
financial: WE BEAT THE BANK EVERYDAY!
- 08/19/10 03:21 AM
HERE AT GATEWAY FUNDING DIVERSIFIED MORTGAGE SERVICES L.P. WE BEAT THE BANK EVERY DAY! WE HAVE BETTER RATES AND NO APPLICATION FEES. WE CAN ALSO CLOSE A LOAN MUCH FASTER WITH OUR FAST PROCESSING TEAM. we DO MORTGAGES AND THATS ALL WE DO!! THE AVERAGE EXPERIENCE IN OUR OFFICE IS OVER 15 YEARS IN THE FINANCIAL INDUSTRY. GIVE A CALL AND LET US MAKE IT HAPPEN FOR YOU! … (0 comments)
financial: Steps for a smooth loan closing
- 08/18/10 07:20 AM
1) Arrange and perform a pre-closing interview with both the Loan Officer and Title Closing Agent. This will ensure that both parties have identical information regarding the transaction. It is extremely important to speak to them several days before closing. HINT: DO NOT TAKE FINAL NUMBER INFORMATION FROM YOUR REALTOR While they "may" have received some "final" numbers, they are NOT the official correct source of final number information. They usually get their initial information from the Title Closer BEFORE that information has been reviewed, verified, and possibly corrected by the lender. They may or may not have the most current … (0 comments)
financial: Rates at all time LOW since 1971 when rates started to be tracked!!!!!!!!!!!!!!!
- 08/12/10 05:09 AM
U.S. mortgage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve's move to help lift the recovery by purchasing government debt. Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans this week was 4.44 percent, down from 4.49 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971. The average rate on the 15-year fixed loan dropped to 3.92 percent, down from 3.95 percent last week and the lowest on record. Rates have fallen since spring and the government's July jobs report has … (0 comments)
financial: HIRING LOAN OFFICERS IN MINNESOTA- OFFICE LOCATED AT hWY 494 AND 52 IN IGH
- 08/11/10 03:15 AM
THE INVER GROVE HEIGHTS OFFICE FOR GATEWAY FUNDING DIVERSIFIED MORTGAGE SERVICES L.P. WHO IS ONE OF THE LARGEST PRIVATELY-HELD MORTGAGE COMPANIES IN THE UNITED STATES THAT STARTED IN 1994. GREAT COMP PLAN!!! YOU GET LIVE LEADS!! PLEASE EMAIL ME IF YOU HAVE A INTEREST IN JOING A WINNING TEAM WITH LOTS OF SUPPORT. SOLSON@GATEWAY-FUNDING.COM … (0 comments)
Believe it or not some people are waiting for rates to go lower before they make a move! How much further will they go???? We are already in the 3's for a fixed rate! People shouldn't be scared to make a move in the econmy we are in with rates that low and home values at such a great deal! I think now is the time to buy a home and 1st time home buyers should not wait!! Are we at the bottom??? uuummmm
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