Real estate blog entries tagged with conventional mortgage

Blog entries tagged with "conventional mortgage":

conventional mortgage: Mortgage rates for November 17, 2008 - 11/17/08 10:05 AM

Conventional Mortgage Rates
30 year fixed 6.00% 6.195% APR
Example: $250,000 purchase price. $200,000 loan amount. 360 payments.
Monthly principal and interest payment of $1199.10
15 year fixed 5.875% 6.203% APR
Example: $250,000 purchase price. $200,000 loan amount. 180 payments.
Monthly principal and interest payment of $1674.24
FHA … (0 comments)

conventional mortgage: Minnesota Mortgage Options For Those With A Bankruptcy| MN mortgage info - 06/21/08 05:14 PM

Under most loan underwriting guidelines, bankruptcy-Chapter 7 and Chapter 13 will require a waiting period after the discharge date. It is not uncommon to find conventional mortgage guidelines that require a 2-4 year re-establishment of credit before obtaining a new loan.
FHA loans allow a borrower who is CURRENTLY in a Chapter … (0 comments)

conventional mortgage: Baby Boomers and Reverse Mortgages, another Perfect Storm for Lenders - 02/21/08 11:41 AM

Since the subprime loan sector is shut down, the mortgage industry is looking for new products to sell, products with less risk and with a broad appeal. With the baby boomer generation reaching retirement, the industry will find the perfect product in the reverse mortgage. Many have heard about reverse mortgages, … (2 comments)

conventional mortgage: Foreclosure.....HELP! - 02/01/08 03:25 PM

"5 Ways to Save You or Someone You Know from Foreclosure, w/o getting scammed!"
Problem: In 2007, homes in foreclosure were up 79% an alarming rate.
Reality: This is such a personal tragedy, that many people don't reach out for help until it's too late, and then they don't know where to … (3 comments)

conventional mortgage: Free annual credit report and why it is now so important to know your credit and know your score. Knowledge is power, and money! - 01/14/08 07:43 PM

Free annual credit report and why it is now so important to know your credit and know your score. Knowledge is power, and money!
I've read multiple free credit report blog posts on activerain.com regarding obtaining your credit report. And this post is a basic reminder of the same concepts, but I … (3 comments)

conventional mortgage: Could conventional and FHA lending could be the only options? - 12/10/07 08:51 PM

I recently wrote blog article (Conventional versus My Community Mortgage) that exhibited the great features of a My Community Mortgage ("MCM"). I am firm believer of the MCM program (and still am) since it does have features that are more flexible! First time home buyers really liked the benefits of this … (2 comments)

conventional mortgage: ATTENTION HOMEOWNER Here are the facts your mortgage lender doesn't want you to know: - 07/07/07 06:27 PM

1. AFTER PAYING 15 YEARS ON YOUR 30 YEAR MORTGAGE, YOU'LL STILL OWE 90% OF THE AMOUNT YOU BORROWED!2. AFTER PAYING NEARLY 24 YEARS, YOU'LL STILL OWE OVER 50%!3. YOU'LL PAY OVER 3 TIMES THE AMOUNT YOU ORIGINALLY BORROWED BEFORE PAYING OFF YOUR MORTGAGE!4. TO MAKE MATTERS WORSE, THE F.D.I.C. … (1 comments)

conventional mortgage: Mortgage 102 - What does all this mean, anyway? - 06/05/07 03:55 PM

I have lots of questions about the differences between and FHA mortgage and a "regular" (conventional) mortgage, and what a negatively amortized mortgage is. I also hear "how come online it said I qualify for $400,000 and you're only saying $170,000???" (Those are totally random figures - keep that in mind!) … (0 comments)

conventional mortgage: News From Around the Mortgage World - 12/15/06 12:28 PM

It’s been a week of meetings for me in California, so my blogging has been lacking. I’ve been popping around the web this morning to see what has been shaking in the mortgage world.

Weak west coast employment numbers, $266 Billion in ARM’s getting ready to reset, and recent (past-tense) liberalization … (21 comments)