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Blog entries tagged with "arm":
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DO YOU KNOW OF SOMEONE WHO HAS AN ADJUSTABLE RATE MORTGAGE. MANY HOMEOWNERS TOOK OUT ADJUSTABLE RATE MORTGAGES OVER THE PAST 5 YEARS OR SO. A MAJOR PART OF THE NATIONWIDE FORECLOSURE DISASTER HAS BEEN CREATED BY THESE ARMS ADJUSTING AND THE PAYMENTS BECOMING, WELL, LET'S SAY NOT SO AFFORDABLE ANY LONGER.
URGENT NOTICE TO DOWN PAYMENT ASSISTANCE HOME BUYERS!!!!
Your Adjustable Mortgage is Going to EXPLODE!
All signs are pointing to FHA as the savior of this market. Numbers don't lie. FHA originations were in the 2-3% range just a year or so ago; now I wouldn't be surprised to find it closer to 20% of the market share. Amazing loan programs, no minimum credit score (sort … (3 comments)
This week your loyal compatriots here at the GreenHouse
Group have decided to get out of the general knowledge business, and into the
results game! 
Lenders and Agents, you are on the front lines, so I NEED your input here. Tell me of situations that you see that result in foreclosure. Don't get into blame... I want to know what the situations of the homeowners are, why it is their only choice. I don't (for purposes … (5 comments)
Risk-reward ratio is an important decision in any financial matter. From choosing the right stock to buy or sell, to determining whether the red number 23 is worth the extra $200, to buying the cheap lunchmeat hoping that it is not recycled Spam, risk-reward is a part of the average consumer’s … (0 comments)
Many people still have Adjustable Rate Mortgages and they are waiting for the ideal time to refinance. Recently, we have seen rates go up, and it's certainly hard to predict the future so it makes sense to look at the whole picture long before you are ready to refinance.
Today's Rates -July 10, 2008 30 Year Fixed 6.125% 
When we first start working with a client, We tell you that our company is different from others in the mortgage industry. We will always keep you up-to-date on the major changes in the market that could affect your financial goals or the goals of those close to you. This is one … (0 comments)
If for some reason you find yourself caught in a ARM loan, do not wait until it becomes unmanageable to refinance. Some people have found that their ARM loan has gone from 5% up to 10% and the payments have doubled or worse. If you have or know someone who has an … (0 comments)
fha.com:
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Often times, people in financial distress make bad decisions because they want to believe the person who claims to be helping them.
In my last post, I talked about Why ARM Mortgage Rates are High even though standard measures (a steep yield curve) suggest that ARM rates should be lower. This divergence is a result of the sub-prime crisis.
What is a Short Sale by ForeCloseHelp.com A Short Sale (also known as a Short Payoff) is when lenders accept a discounted payoff on an existing mortgage to allow an over-encumbered property to be sold. In other words, when a homeowner owes more on their property than can be collected through … (4 comments)
The thrill of finding the perfect home can be diminished by the stress associated with finding the perfect mortgage to finance the purchase.
Is it true? Can Lake Havasu real estate really be affordable again? Yes! With the Fed lowering interest rates and the vast supply of houses on the market, it is easier than you think to stop renting and start owning. Whether your credit is great or not so perfect, there is … (0 comments)
Stated Income
It was a great choice for many people years ago, the Adjustable Rate Mortgage (ARM) loan seemed to be a great choice...Our optimistic approach told us to do so, "anyways in 3 years, when the rate increase, we will be in better financial conditions and refinancing would be an option"... Does this sound familiar? I've … (4 comments)
ACORN opened on January 28th of 2008 and stands for Association of Community Organizations For Reform Now. This particular organization is in the San Bernardino area and works will a lot of Hispanics and people who just don't know where else to turn. On Thursdays, ACORN staff members offer appointments to … (0 comments)
I received a question from a friend's sister. She attempted to apply for a mortgage loan online and was barraged with questions she didn't understand. She was asked if she wanted a 30, 45 or 60 day lock on a 30 year, 15 year of 5/1. She was told she could … (4 comments)
Okay here is my deal some clients of mine are selling their house and buying another and the people who put in an offer provided a DU approval for an adjustable, conventional, 97% . So FHA will do 97% so will My Community depending on your location but an arm at … (2 comments)
There was a time when all mortgages meant comparing the fixed interest rate mortgages of a handful of lenders. Today, however, the search for mortgages is more detailed and perhaps just a little too complicated to maneuver easily. Adding to the confusion are the many, many types of loans, loan programs … (2 comments)
Adjustable Rate Mortgages are mortgages for which the interest rate is subject to change over time according to pre-defined rules.
ARM is a common acronym for Adjustable Rate Mortgage and every ARM has similar features:
An initial fixed period during which the mortgage rate doesn't change
An initial interest rate … (0 comments)
The real estate market works in many different ways, as does any marketplace. Some of it is very predictable, and then some isn't. 
Investor sentiment has turned. I started to see it in last weeks stock market and mortgage rates. The markets have been locked down in FEAR mode! IF consumer confidence increases, and money moves back to the stock market, rates will rise. I'm not predicting an immediate rise, but I could see … (0 comments)
Loan Programs Countrywide Home Loans is committed to offering innovative and flexible loan options to meet the needs of its customers. With one of the largest selections of loan products in the industry, Countrywide Home Loans has helped bring the American Dream of home ownership to millions. I'd be pleased to … (0 comments)
You may not be considering doing anything with your mortgage at present, but there are still several important details to know in order to make the best of the current challenges being faced by the largest mortgage lenders. Here are a few things to consider:
We are always helping other people get mortgages for a new home, but since we are self-employed we usually have an awful time getting one for ourselves! Any one have any suggestions on where I can go? I need to refinance.
When I saw the television ad for Wachovia's Pick-a-Payment mortgage, my jaw hit the floor. I saw the commercial at least a month ago, but couldn't formulate a coherent blog entry until now - I was that irritated.In the midst of the fallout over shoddy lending practices, Wachovia chose to push … (3 comments)
With all the talk of a potential government bailout for the current situation with the increase in foreclosures and short sales, I have some concerns.
As an active blogger and networker, I am frequently contacted by people because of my knowledge of and experience with short sales (pre-foreclosures) and potential REOs (foreclosures).
Every loan product can be a perfect match for the right home buyer.
The Federal Reserve has reduced the Federal Funds Rate 75 basis points this past week. Many home owners may be able to take advantage of attractive fixed rates. Now is the time to find out how much you can save. A ten minute phone call could save your hundreds per month!Is … (0 comments)
Personally, I feel that I was just kicked in the face when I heard that $20 Billion in tax payer backed funds were used to bail-out Bear Stearns, a Wall Street Investment Banker. Surely this money could have been better spent if it had gone to pay the refinance fees to … (0 comments)
Homebuyers that find themselves stuck in high interest rate loans that have drastically increased their monthly payments or soon will have that problem is continuing to create problems for the housing market. While there is no solution that fits all homeowners, we have a few options to consider, including refinancing. The … (1 comments)
I heard on the news today about a woman who was 45 days behind on her mortgage. She has had her home for 20 years and is at the point of walking away. She said she tried to work with her lender, to no avail. She said she went online looking … (0 comments)
Since June of 2004, the Federal Reserve has systematically increased the federal funds rate, causing short-term interest rates to follow suit. As a result, consumers with Adjustable Rate Mortgages (ARMs) tied to volatile short-term rate indices, such as the LIBOR, are finding themselves at the mercy of the Federal Reserve's war … (1 comments)
By Dustin R Burke, Adonai Financial
By Dustin R Burke, Adonai Financial
In case you missed it, there was big news that that the Feds dropped the Prime rate (2 times) in late January. This was portrayed in the news as a powerful force to lower all mortgage rates. The truth is that the rates had improved greatly in the three weeks before … (0 comments)
Well rates continue the upward trend. The Feds are more than likely going to ease the over night rate again to keep the sluggish economy moving. The bonds market is worried over the inflationary nature of those moves. The spread between the Treasury yield and the mortgage rates continues to widen … (3 comments)
I'm not sure if any of you have read Eckhart Tolle's book, A New Earth, but it is climbing the charts fast. 3.5 Million copies have been sold thus far. Being a Chicago native I have to say that I love the positive impact that Oprah is having on the world … (4 comments)
There are innumerable exciting new ways to reach people these days - people I couldn't have conceived of networking with a few years ago. This is so great! I'm also exploring using video-posts as a networking and marketing tool. Look for an announcement by mid-March. I want to get the word … (2 comments)
Mr. Consumer: "Mr. Broker, I have six months left before my ARM adjusts, and I am looking to refinance out of it. How are the rates?"
I know that the drive by media loves to paint with a brush the size of Texas when it comes to exposing the improprieties of predatory and unethical lenders.....but not all ARM loans are EVIL!
If you have an ARM, you probably selected it because it offered a lower initial interest rate. This lower initial rate:
If you are a current homeowner, no doubt you have EARNED IT! 
February 1, 2008
I appreciate being able to ask for advice and opions, and value all the input that I receive! So ok, here is the scenario.
… (0 comments)
As a Mortgage Broker in South Florida (Palm Beach Gardens) I can't tell you how many times I have heard these words from my clients. "Just give me the Lowest Payment on My Mortgage" This is why when when preparing a quote for my clients I always layout their financing options. … (10 comments)
Written by John Mazzara CFP CLU CHFC CEBS CMB MBA MShttp://www.investmentadviser.com 952-929-2577
When the Federal Reserve lowered the Fed Funds Rate by 0.75% yesterday, it was in response to economic weakness that mounted since its last meeting December 11, 2007.
Do you keep in contact with your past clients and farm? If so, here is a suggestion that could be of siginficant value to those homeowners. Hope this helps - Consider contacting past clients that may have selected an adjustable rate loan to buy their home and anyone that purchased within the last … (-1 comments)
The Thornton Team at Home America Mortgage is dedicated to helping our customers obtain the perfect mortgage for them. Let us help you get your piece of the American Dream! There are a lot of "broken ARMs" out there and while we cannot help everyone, we can help a lot of … (7 comments)
January, February and March are just around the corner. Did you perchance either purchase a home or refinance within the past 2, 3 or 5 years? When you made this particular move, did you get an Adjustable Rate Mortgage?
PROTECT YOURSELF
Foreclosures are going up and up. This week the Bush administration announced a plan to freeze interest rates for certain homeowners, in an effort to stem the tide of new foreclosures.
So, Jackson County Oregon Homeowners, is it time to refinance?