home financing: Home Financing - 09/02/08 03:34 PM
… (0 comments)
|
home financing: For Third Week in a Row, 30 Year Fixed-Rate Mortgage Rate Remains Unchanged - 08/14/08 06:27 PM
Today 8/14/08 Freddie Mac reported that the average mortgage interest rates for 30 year fixed-rate mortgages remained unchanged for the third week and 15 year fixed-rate loans were down a bit from last week. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.52% (6.49% in the … (0 comments)
|
home financing: FHA is not a dirty word! - 08/12/08 08:05 PM
One of the benefits of the economic stimulus plan was the increase in FHA loan limits, (currently 410,000 in DuPage and Will Counties), opening up another avenue of financing for home buyers.
Some of the benefits include:
-FHA loans are federally insured
-Qualifying for an FHA loans is not driven … (0 comments)
|
home financing: flyer sent out needs help! - 08/11/08 04:15 PM
This is an ad I have used to send to our local realtors, I haven't gottne much luck ( any really ) from it. Any suggestions?
Rates are Low!!!
Look at Our
95 to 100% Percent Loans:
USDA Rural: 100%, 102% or no PMI
Income limit … (13 comments)
|
home financing: Buying A Home - 08/06/08 01:37 PM
… (0 comments)
|
home financing: Best Ways to Finance Your Home Purchase - 08/05/08 07:45 AM
Fortunately, in today's world, buyers still have many mortgage options. Contrary to media report, there is still plenty of liquidity in mortgage money. Yes, mortgages require more documentation than in 2007, but for those that can verify a job and income, money is still available. Always check with your mortgage lender … (0 comments)
|
home financing: Housing & Economic Recovery by Bart Swan, CMPSR with credit to Marc Savitt, President of NAMB - 08/01/08 04:25 PM
Here is an e-mail that I received from Bart Swan, CMPSR, President, Owner of Superior Home Loans, LLC with credit to Marc Savitt, President of NAMB concerning the Housing and Economic Recovery Act of 2008. I am blogging this by permission and would like for this to shed more light on … (2 comments)
|
home financing: Annual Percentage Rate: What is the Real Cost of Financing - 07/30/08 03:47 PM
Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Truth-in-Lending Act does require any … (1 comments)
|
home financing: First-Time Home Buyers FAQs - 07/29/08 10:15 PM
Buying a home is one the biggest financial decisions most people will make in their entire lives, so it's only natural to have questions about the process, especially for first-time home buyers.
That's why I've put together a First-Time Home Buyer's Kit. The free kit includes our Home Buyer's Handbook, a … (1 comments)
|
home financing: I'm Not Here to Sell You a House in Eureka California... - 07/29/08 07:02 PM
I get the impression that many of the buyers out there considering buying their first or next home in Eureka, Arcata or anywhere in Humboldt County, California for that matter, believe that a Realtor only "sells houses".
There may be some agents out there who just are in it for … (1 comments)
|
home financing: What the housing bill means for you - 07/28/08 10:25 AM
There is a great article by holden lewis at bankrate.com that is must reading....click here
First-time homeowner tax creditThe law will extend a tax credit of up to $7,500 to first-time homebuyers.
Forgiveness to allow refinancing into FHA
Down payment assistance soon to be a thing of the pastThe housing rescue … (3 comments)
|
home financing: Gracious Victorian Home in Cambridge Minnesota! - 07/18/08 08:41 AM
For home mortgage financing on this or any other home loans in Minnesota contact Shawn Gerhardson with Mortgages Unlimited in Minnesota. "Minnesota's Preferred Mortgage Lender".
… (0 comments)
|
home financing: Home Mortgages - 07/14/08 09:31 AM
Freddie Mac (Federal Home Loan Mortgage Corporation)Primary Mortgage Market Survey
Monthly Average Commitment Rate on 30-Year FRMs in the North Central Region
Here is a look at a time line break down of home interest rates from 1980 to 2008. As you can see interest rates are great so now is … (2 comments)
|
home financing: Devolution Of The Mortgage Industry...!!! - 07/08/08 08:09 AM
Some of us remember in the 60s and 70s...the plain vanilla mortgages through which one might enter the American Dream...at that time the American Dream wasn't reality...it was only a fantasy in the mind of consumers...a kind of 'SEEDLING'...
Then along came MGIC and other similar companies in the 70s and 80s, … (13 comments)
|
home financing: So you OWE MORE than your Home is WORTH! - 07/03/08 04:31 PM
Some Marylanders are finding this to indeed be true do to the recent downturn in the housing market. Although, this doesn't necessarily mean that you can't refinance. Many of the Subprime and some of the Prime lenders are in quite a pickle right now. They are sitting on loans that are … (0 comments)
|
home financing: Comment Now Before FHA Takes Another Bullet Out of Your Gun - 06/17/08 08:57 PM
DPA Killer
The Storm
is Coming.
Hud
is
trying to
deliver another knockout punch to the housing industry. Round
2 at eliminating Down Payment Assistance. The proposed rule
has just been published and has a 60 day comment period ending on
August 15, 2008. … (6 comments)
|
home financing: Call for Action: Higher Loan Limits Are Needed for FHA, Freddie Mac & Fannie Mae - 06/13/08 01:50 PM
Higher Loan Limits Are Needed for FHA, Freddie Mac & Fannie Mae
Making the higher loan limits permanent will increase investor confidence and the availability of safe, fair, affordable mortgage credit for borrowers and those wishing to refinance. Higher loan limits will help stabilize mortgage markets and the economy as a … (4 comments)
|
home financing: 2 Agent Misunderstanding That Can Ruin Your Real Estate Transaction - 06/11/08 09:29 PM
2 Agent Misunderstandings That Can Ruin Your Transaction
Allowances / Holdbacks / Credits
The idea is, you'll buy my house from me, at closing I'll let the escrow keep $xxxx dollars from me for you to use on repairs to the house.
Just this morning I ran a search on the Spokane … (0 comments)
|
home financing: Washington - Clears up the Terms for Borrowers - 06/11/08 05:39 PM
Washington House Bill 2770 goes into effect tomorrow, 06-12-2008.
Some main points:
New material terms disclosure - 1 page loan summary
No negative amortization loans (not a lot of these in the market place presently)
No reverese mortgages (This needs to be revised) - and it appears the state is working … (0 comments)
|
home financing: FHA Risk Based Pricing Rears it's Ugly Head - 06/11/08 09:42 AM
Starting July 14, 2008 FHA will go to Risk Based Pricing to Determine the UP-front and monthly MI. While overall it will not have a huge impact, it will increase some consumer monthly payment, and thus decrease the amount they will be able to borrowl
The pricing is based on 3 … (1 comments)
|
home financing: Illinois Gears Up to Slow Down Home Sales in Cook County - 06/11/08 09:20 AM
Yes, you read it correctly. The Lending Database Program is set to go into effect, July 1. This will be the 3rd attempt at doing this. The newest iteration is from Senate Bill 1167.
Plan on all loans in Cook County taking at least one week longer than usual, and if … (0 comments)
|
home financing: A Tip To Help With Your Summer Vacation... - 06/07/08 10:23 AM
… (0 comments)
|
home financing: FHA - the way to go for many people - 06/06/08 02:49 PM
Why FHA?
FHA is a loan product that we will see used more and more this year as Fannie Mae, Freddie Mac, and PMI companies continue to tighten guidelines on "conventional" mortgage loans. In fact, currently 32% of the loans that we have in our pipeline are indeed FHA.
In … (3 comments)
|
home financing: Proposed Goverment Financing Changes - 06/06/08 07:51 AM
Six major changes have been proposed to help stabilize the housing and home financing market. These changes include: 1. The elimination of the "declining market" designation which forced lenders to reduce maximum financing by 5% in many markets (San Diego County included). Some individual lenders and investors will continue to use … (0 comments)
|
home financing: Lenders Hampered by Mortgage Insurance - 06/06/08 07:05 AM
(Birmingham, AL) The most recent fallout from the mortgage crisis that began last summer is now rearing it's ugly head in the form of Fannie Mae approved loans that cannot get insured by Mortgage Insurance companies.Mortgage insurance companies, spurred on by recent recommendations in congress, are tightening their credit standards for … (5 comments)
|
home financing: In-House Mortgage Lender or Finding your Own Financing? - 06/05/08 01:02 PM
Finding a mortgage now-a-days is the most important task you face and I would contend it is even harder to find the loan program than finding your dream home. If you're buying a new home, your builder may offer you an incentive to use their preferred lenders. Being the cynical … (0 comments)
|
home financing: Updated nice home across from golf course in Forest Lake, MN - 05/28/08 11:39 AM
Home financing available from Shawn Gerhardson with Mortgages Unlimited in Minnesota.
… (0 comments)
|
home financing: Free Tools For Buyers and Sellers - 05/28/08 10:40 AM
… (3 comments)
|
home financing: Mortgage Information - 05/27/08 04:28 PM
… (0 comments)
|
home financing: Free Credit Report - 05/20/08 11:26 AM
How To Get Your Free Annual Credit Report
It is easy, just follow these simple steps:
Choose one of the following methods listed below: online, by mail or over the telephone.
1.) To order online, visit http://www.annualcreditreport.com/ and fill in the information online.
2.) To order by mail, you can complete the Annual … (2 comments)
|
home financing: Conventional loans with 3% downpayment - 05/16/08 07:38 PM
Fannie Mae announced today new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie Mae will accept up to 97% LTV ratios for conventional, conforming mortgages processed through DU, and 95% LTV ratios for loans underwritten outside of DU, … (2 comments)
|
home financing: I need help finding financing for my next home purchase in the Chattanooga area. Who can I turn to for help? - 05/14/08 05:05 PM
Information provided courtesy of Rob Robinson of the Robinson Home Team.
Obtain the Best Loan Rates & Lowest Closing Costs
The maxim "it's always best to negotiate from a position" also applies to real estate transactions. In a brisk real estate market -- one in which one often … (0 comments)
|
home financing: Financing a home in Chattanooga: Overcoming the misconceptions about the "credit crisis" - 05/05/08 11:04 AM
You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, why bother, right? Wrong!
We're right smack … (0 comments)
|
home financing: What is an appraisal and why do I need one? - 04/30/08 11:50 PM
The appraisal is a vital part of the real estate purchase process and one of the least understood aspects of real estate. Within the context of the home purchase and sale, an appraisal is a risk analysis for the lender. The buyer’s lender uses an appraisal to determine whether there is … (0 comments)
|
home financing: Do You Know Exactly What To Say In The First 30-Seconds You Meet Someone? - 04/15/08 04:12 PM
… (14 comments)
|
home financing: Seller Financing: The Easiest and Cheapest Home Loan - 04/10/08 11:36 PM
The days of "no documentation, no verification, no qualifying" financing are over. Lenders like BofA and WaMu have exited the wholesale mortgage business. Home Equity Lines of Credit (HELOC) are more costly and more difficult to obtain so borrowers who need to borrow more than 75% of the value may be … (0 comments)
|
home financing: BUYING A HOME? HERE IS WHAT YOU NEED TO KNOW A TO Z! - 04/04/08 09:32 AM
… (5 comments)
|
home financing: Top Three Home Financing Mistakes for the San Mateo Home Buyer - 04/03/08 10:36 PM
Are you making a financing mistake? Take a quick look and see if your financing plan is really a good idea...
Mistake #1. The most common mistake is looking for a home without really knowing how much you can afford to spend.
Mistake #2. Purchasing a home with someone who … (0 comments)
|
home financing: The New Bay Area Mortgage Market - 04/03/08 10:32 PM
Good news for Bay Area home buyers and particularly those looking to buy in cities such as San Mateo, Belmont, San Carlos, Foster City and Burlingame. The economic stimulus package passed by Congress is effective immediately and it includes a temporary provision that increases both the FHA and Conforming Loan limits … (0 comments)
|
home financing: San Mateo Loan Scam Alert! - 04/03/08 10:31 PM
It's back! We've heard reports that the old "lender servicing scam" has been showing up lately and it works like this.
A home owner with a mortgage loan receives an official looking letter instructing him or her to direct all future mortgage payments to a new loan servicing agent. (A loan … (0 comments)
|
home financing: Find a Loan, Then Find a Home - 04/03/08 10:28 PM
One of the most common misconceptions, especially among first-time home buyers, is that a loan pre-qualification is the same thing as a loan pre-approval. This is, in fact, NOT the case and confusing the two can cost you your dream home.
Why? What is a pre-approval? See our full post, … (0 comments)
|
home financing: Crash Course in Home Buying: Your Home Loan - 03/29/08 05:16 PM
Your home loan.
Purchasing a home is one of the biggest financial decisions a person will ever make. Unless you come from a family … (6 comments)
|
home financing: Reading About Interest Rates - 03/20/08 11:11 AM
A local lender shared with me an article that I want to pass along for prospective home buyers. The article can be helpful for customers who are postponing a purchase because they keep hearing on the news that the feds are cutting the rate. This can be somewhat misleading into thinking that mortgage rates will … (2 comments)
|
home financing: Wells Fargo Identifies Loudoun County As An "At Risk Market" - 03/03/08 04:27 PM
Wells Fargo just named most of Northern Virginia including Loudoun County as an "At Risk Market". In doing so, they will be limiting the number and types of loan products available and increasing the credit guidelines for borrowers in this area.
This will affect buyers/borrowers by making it harder to obtain … (0 comments)
|
home financing: Illinois First Time Home Buyers - 02/14/08 10:53 AM
The Illinois Housing Development Authority (IHDA) is an organization that helps moderate-income families become first time homeowners through various different programs. They offer lower interest rates and lower down payments to Illinois first time homebuyers or those who haven't owned a home in the past three years. One They also offer programs for households that demonstrate … (0 comments)
|
home financing: Get a second opinion- save your self money! - 01/12/08 10:42 AM
Buying, or even refinancing your home, is probably one of the biggest investments you make. Some people don't consider the "costs" associated with buying or refinancing their home, they're more concerned with an interest rate and payment. As we've seen over the last few years, interest rate and payment aren't always … (1 comments)
|
home financing: Home Financing Mystery Unraveled for Buyers - - 12/30/07 01:01 PM
Included in Your Online Relocation Package for Anne Arundel County, Maryland - Home of Fort George G. Meade, NSA, Northrop Grumman, BWI, and the U.S. Naval Academy.
When I get that phone call from the office receptionist to say "Your clients are here for their appointment," it always makes me smile. In … (12 comments)
|
home financing: Inside the Money 12/19/07 - 12/19/07 05:22 PM
Last week I was unable to publish my weekly update on the mortgage industry. For those of you that enjoy the updates, I do apologize! With the holidays here, please understand that the next couple weeks will be hectic and I will try to publish as much as I can.
Rates
Over the … (2 comments)
|
home financing: Livingston County Market Report - November 2007 YTD - 12/17/07 02:09 PM
Last month's data from our MLS, RealComp, is now available.
Comparing 2007 to 2006 YTD as of November 30th, there are currently 3081 residential listings (homes and condominiums) compared to 2983 last year, or 3.2% more homes on the market.
The number of sales has dropped 11.7%, 1607 for this year … (0 comments)
|
home financing: Freeze on Subprime ARM's - 12/06/07 05:55 PM
Today was the announcement of a Freeze on Subprime ARM's.
To qualify they must meet the following criteria:
Loan taken out between January 2005 and July 2007Rate will adjust between January 2008 and July 2010Less than 3% equity in their homeNo more than 60 days lateAble to handle current payment, but not … (0 comments)
|
home financing: More Lipstick for the Pig - 12/06/07 05:53 PM
Today was the announcement of a Freeze on Subprime ARM's.
The goal is applaudable; however the solution
To qualify they must meet the following criteria:
Loan taken out between January 2005 and July 2007Rate will adjust between January 2008 and July 2010Less than 3% equity in their homeNo more than 60 days lateAble … (4 comments)
|
home financing: Inside the Money 12/05/07 - 12/05/07 10:04 PM
This week, Inside the Money:
Rates drop slightly
Mortgage rates for Charlotte and the local area dropped slightly to the lower 6% range over the past week. Rates are still fluctuating from day to day, usually about 1/8 a point at a time. This is good news as buyers look to cash in on a … (2 comments)
|
home financing: Information You MUST Know About Declining Market Areas - 11/29/07 12:47 PM
Per Fannie Mae Part XI of the Selling Guide, Lenders are responsible for the accuracy of the appraisal, and the assesment of the marketability of the property. Take some time to click on the link below download the latest release and see if any of the declining areas are in an area … (0 comments)
|
home financing: Information You MUST know about Decling Market Areas - 11/29/07 12:45 PM
Per Fannie Mae Part XI of the Selling Guide, Lenders are responsible for the accuracy of the appraisal, and the assesment of the marketability of the property.
Take some time to click on the link below download the latest release and see if any of the declining areas are in your area. … (0 comments)
|
home financing: Inside the Money 11/28/2007 (Pineville Edition) - 11/28/07 10:40 AM
This week, Inside the Money:
Rates fluctuate, but remain steady
Mortgage rates for Pineville and the local area remained steady in the lower 6% range over the past week. Rates are still fluctuating from day to day, usually about 1/8 a point at a time. This is good news as buyers look to … (0 comments)
|
home financing: Inside the Money 11/28/2007 - 11/28/07 10:33 AM
This week, Inside the Money:
Rates fluctuate, but remain steady
Mortgage rates for Charlotteand the local area remained steady in the lower 6% range over the past week. Rates are still fluctuating from day to day, usually about 1/8 a point at a time. This is good news as buyers look to cash … (0 comments)
|
home financing: Lesson's Learned from the Credit Crisis - 11/27/07 10:00 AM
Education - For everyone
Everyone needs to be aware of all the products being offered in the marketplace. By having depth of the marketplace you can better advice your clients on the positives and negatives of the particular financial vehicle they are considering.
This would cause a lot of people to have … (3 comments)
|
home financing: Inside the Money 11/21/07 - 11/21/07 08:57 AM
This week Inside the Money:
Freddie Mac announces Higher Costs for Mortgages
Freddie Mac announced that beginning March of 2008, it will impose "delivery fees" to lenders that write loans with credit scores below 680 and with loan to values over 70%. The fees will range from 0.75% to 2% of the loan … (5 comments)
|
home financing: Inside the Money 11/15/07 - 11/15/07 01:06 PM
As many people have heard, Bank of America has decided to exit the wholesale marketplace to pursue a stronger retail presence in the mortgage industry. This is not considered to be a major blow to wholesale. While BOA is a big name bank, their presence in the wholesale market was very … (0 comments)
|
home financing: How to Turn a Non-Buyer... Into A Buyer ! - 10/01/07 04:38 PM
With the Financial and Mortgage Industries "tightening up" their loan requirements... an extra boost is often needed for buyers to be able to qualify for the home they want to purchase. Here are a few suggestions on how to help someone who wants to buy a home... but really needs some … (14 comments)
|
home financing: A LITTLE INFO ON WHAT I CAN OFFER IN THIS CHALLENGING ECONOMIC ENVIRONMENT - 09/05/07 11:49 PM
Wachovia Corporation is the fourth-largest bank holding company in the United States and that’s great news for your business! The Wachovia brand is well known as a premier retail bank in many parts of the U.S. and as a Premium Securities Portfolio Manager nationwide. Locally, I bring you Wachovia’s complete … (1 comments)
|
home financing: A LITTLE INFO ON WHAT I CAN OFFER IN THIS CHALLENGING ECONOMIC ENVIRONMENT - 09/05/07 11:46 PM
Wachovia Corporation is the fourth-largest bank holding company in the United States and that’s great news for your business!
The Wachovia brand is well known as a premier retail bank in many parts of the U.S. and as a Premium Securities Portfolio Manager nationwide. Locally, I bring you Wachovia’s complete portfolio … (1 comments)
|
home financing: Referrals - 06/30/07 02:07 PM
Why do we work with the people that we do. Is there one thing that a person or a company does or is it the relationships that we have built? I have an appraiser that wants our business. He has brought doughnuts to our office every Friday for more than a … (7 comments)
|
home financing: High Electric Bill. - 06/30/07 01:42 PM
If you think your electric bill is too high, This is what I did and I am already benefiting from it.
I have a Sun Room on the back of my house. It is on the side the the sun rises. I ordered tint from Ebay. Good tint and not that expensive. … (4 comments)
|
home financing: Adjustable rates are not all bad. - 05/07/07 02:16 PM
In the unrelenting quest to get the best "rate". Some new home buyers are making a mistake when choosing the best mortgage program for their home purchase. The idea or getting a low teaser rate on their mortgage clouds their judgement and they over look the fact that the rate is only of … (3 comments)
|
home financing: Rollinsford Flood Photo - 04/18/07 11:01 AM
The recent rain has raised the water level in several communities significantly. Several communities have a fair amount of roads closed and many homes are still flooded. Below is a phot taken of the Salmon falls river. This is where the employees park for the mill downtown.
… (3 comments)
|
home financing: Homebuyer Tip - Applying For Home Financing - 03/11/07 03:27 PM
How quickly must I apply for a loan?
Many sale agreements require buyers to apply for a mortgage within a specific time period, say five business days after the contract is signed. This is a negotiable item, however, and can be any period agreeable to both parties. Of course, a … (2 comments)
|
home financing: Homebuyer Tip - Rental Income - 03/11/07 03:22 PM
Can I rent out a room to help me qualify for a loan?
Generally no. Lenders have no assurance that such income will be regular and continuing. If you intend to live in the single family residence that you are purchasing, very few lenders will allow you to use "boarder … (0 comments)
|
home financing: Homebuyer Tip - Seller Contributions - 03/11/07 03:17 PM
What is a "seller contribution?"
Lets say you find a Spokane home that you want to puchase. Your agent will help you write up a sales agreement to purchase the home. A sale agreement typically includes both a purchase price for the property as well as terms and conditions. It … (0 comments)
|
home financing: Homebuyer Tip - Due-On-Sale Clause - 03/10/07 01:06 PM
What is a "due-on-sale" clause?
When a home is financed, the borrower agrees to make regular monthly payments. However, if those payments are not made, if they are late, or if the lender's security is reduced (by not making payments, damaging the property, not maintaining insurance, not paying property taxes, selling … (0 comments)
|
home financing: Homebuyer Tip - Buying Real Estate With No Money Down - 03/10/07 12:57 PM
Can I buy real estate with no money down?
Yes. Millions of people have bought real estate with no money down through the VA loan program, or using conventional mortgage financing requiring zero down payment.
If you mean, can you buy real estate at a discount of 20% or 25% … (0 comments)
|
home financing: Buyers, avoid these big mistakes homebuyers often make - 03/04/07 08:43 AM
Buyers, avoid these big mistakes homebuyers often make: 1. Hire the wrong realtor a. Realtor is a family member or friend... difficult to do business with friends and/or family this is the largest investment ever made... emotions can run strong damaging the relationship. b. Hired an inexperienced Realtor... negotiations as well as … (0 comments)
|
home financing: WHY Real Estate? - 03/03/07 08:09 PM
Why should you Invest in Real Estate??? Well, it just makes sense........There are many ways to invest in real estate. The wealthy have always made Real estate a major part of their portfolio.Wondering how to get Started?Investing with borrowed money as a way to amplify potential gains is the way to … (0 comments)
|
home financing: Need Home Financing? - 02/23/07 10:45 PM
If you need home financing I am the "finance guy" that can take care of all your residential mortgage needs. I can do loans in 48 states (excluding Hawaii & Alaska). I work for a full spectrum lender as we have all the right loans whether you have good or bad … (0 comments)
|
home financing: Top 7 Steps to Take When Choosing a Home Loan - 02/09/07 07:13 PM
Your home loan is almost as important as the home you choose. Small changes on paper – ½% here, ½% there – can mean BIG changes to your monthly payment, and thousands of dollars over the lifetime of your loan. Today, it seems as though there are thousands of mortgage … (0 comments)
|
home financing: Cher selling house in Old Las Palmas Area of Palm Springs - 01/09/07 11:28 AM
That's right Cher is selling a home she's been renovating in the Old Las Palmas area of Palm Springs.
Features:
Envision old Spanish charm impeccably perfected in the twenty first century. While holding true to the allure of its era and integrity of its original design, this 2006 masterpiece encompasses all that necessitates … (3 comments)
|
home financing: The Truth About Appraisals - 01/08/07 07:45 PM
Knowing the Guidelines Solves the Mystery
The appraisal process often baffles consumers and Realtors alike. They may feel the home is worth a higher dollar amount, and the appraised value doesn't always make sense to them. It is important to know that appraisal guidelines are dictated by the lenders, and in some … (3 comments)
|
home financing: Credit Tips That Will Score Lower Interest Rates - 01/08/07 03:04 PM
A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender's eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this reason, borrowers with lower scores usually end up paying higher … (0 comments)
|
home financing: To Pay or Not To Pay, Points That Is. - 01/05/07 02:45 PM
When shopping for a mortgage the first sentence out of the mouths of my clients is "I don't want to pay points!" Points are a dirty word in my business but, they're not the evil many people believe them to be, in fact they're no different than the commission you pay … (0 comments)
|
home financing: Loan Documentation Types - 11/27/06 12:21 PM
… (3 comments)
|
home financing: Must Read Info On ARM LOANS - The Map Of Misery - 10/31/06 09:36 AM
Interesting information for all real estate related professionals, Let's hope this trend does'nt spread across our nation. Below you will find The percentage of new and refinanced mortgages into loans with payment options.
Click here : http://www.businessweek.com/common_ssi/map_of_misery.htm
enjoy, Steve Harless - Realty World Luxury Homes - Las Vegas
… (2 comments)
|
home financing: Option Arm - Do you think it's bad for the Industry? - 10/08/06 09:28 PM
How long do you thing the Option Arm has been around? By the way, in case you don't know, the reason it is called an option arm is because you get 3 or 4 options on the payment coupon. 1. start rate, 2. interest only at fully indexed amount, 3. principle … (2 comments)
|
