mortgage: You'll Flip Over How Much You Can Save!! - 06/16/08 04:39 PM
www.1stmetropolitan.net
www.1stmetropolitan.net
With 1st Metropolitan Mortgage you expect top quality Mortgage Concierge Service at extremely competitive rates! That's our guarantee!!
Sincerely,
Joe Gonzalez
Branch Manager … (0 comments)
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mortgage: Dynamics of Today's Housing Market - 06/16/08 04:05 PM
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mortgage: Mortgage Interest Rates Creep Up - 06/16/08 02:45 PM
TOP STORY: Rates creep up
A recent survey and a rate increase could mean more competition for homes
Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of … (0 comments)
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mortgage: Short Sales: What Are They? - 06/16/08 01:31 PM
We've had people asking us lately, "What is all this talk about Short Sales?… what are they exactly?"
Very briefly, a short sale home is a home where the seller is having to sell because of a looming foreclosure. They have a higher loan on the home than it's worth, so … (3 comments)
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mortgage: Mortgages with Bad Credit History - 06/16/08 01:24 PM
As home loan guidelines get stiffer and stiffer, more and more people are finding bad credit mortgages as plan A, not plan B as it used to be. But just because you're in the market for a bad credit mortgage loan doesn't mean you shouldn't still look for the best deal … (3 comments)
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mortgage: Financing Solutions - Part 3 - 06/16/08 12:25 PM
Financing Solutions with David Reed
Using Rental Income to Help Qualify
There are times when the perfect home unexpectedly comes on the market ... at the wrong time. The potential buyers are unprepared for the new listing, and if they don't act fast their "perfect home" will be snatched up by … (0 comments)
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mortgage: Market Commentary 06/16/2008 - 06/16/08 12:23 PM
Market Commentary
At Legacy Mortgage we are constantly seeking ways to enhance our dedication to our clients and real estate partners. Our postition as an innovator in the field of real estate finance allows us to help you make informed decisions regarding your customers mortgage financing. We have scoured through the … (1 comments)
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mortgage: Mortgage Rates Creep Up - 06/16/08 12:11 PM
TOP STORY: Rates creep up
A recent survey and a rate increase could mean more competition for homes
Recent indication is that first time home buyers are getting tired of sitting on the sidelines. According to a recent online poll taken by the National Apartment Association, 17 percent of … (0 comments)
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mortgage: FHA makes Changes to Mortgage Insurance Policy - 06/16/08 12:00 PM
In the past, FHA has had a mandatory 90 Day waiting period to insure recently foreclosed properties. However, today the "Bush Administration...announced a temporary policy that will extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties."
This policy will be in place for one year and … (6 comments)
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mortgage: Reverse Mortgage Myths - 06/16/08 11:41 AM
MYTHS-
1) I would be selling my home to the bank:
FALSE: You keep your home, the lender will add a lien ( just like any mortgage) but you still have complete control over your property
2) My heirs won't inherit anythig:
FALSE: Your estate only owes the balance on the … (7 comments)
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mortgage: The Mortgage Mess... - 06/16/08 11:31 AM
What a mess the mortgage industry is in right now. Something needs to be done and the guys with the nice coats and ties up in Washington can't fix this because they don't know what the root of the problem is. On top of that, they have no idea and the … (2 comments)
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mortgage: 2008 Purchase Agreements - How to make financing easier. - 06/16/08 10:43 AM
As a mortgage professional, I have noticed that not much attention has been placed on the format of the new purchase agreements 2008 (sales contracts). Some of the changes that effect financing that should be included on the Good Faith Estimate for the buyers are:
1. The buyer now has to pay … (0 comments)
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #11 - 06/16/08 10:12 AM
2d. Down Payment
NOTE: This applies only to better, easier times. This is probably not available now.
Your third mortgage choice is:
0% down. A 100% loan is one option-and the only option some buyers qualify for. Here you pay PMI, but as noted above, for many families, PMI charges are … (0 comments)
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mortgage: Market Comment - June 16 - 06/16/08 09:39 AM
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mortgage: Mortgage; Understand you financial options: Strongsville Real Estate - 06/16/08 09:28 AM
By:
CJ Harrington
Keller Williams Realty
06-16-08
Buying a home is the biggest financial investment most of us will ever make. As with any large project, it requires dealing with a variety of complex issues. The best approach is to divide the process into manageable tasks. The steps are gathering … (0 comments)
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mortgage: The Art of Happiness - Making Each Day Your Best - 06/16/08 07:44 AM
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mortgage: Beyond the Entrepreneur - Becoming a Business Owner - 06/16/08 07:42 AM
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mortgage: Daily Rate Lock Advisory - 06/16/08 07:37 AM
This week is moderately busy with four economic reports scheduled to be released. Only one of the four is considered to be of high importance to the markets and mortgage rates. The remaining three are of interest to the markets but likely will not cause a large change in mortgage … (2 comments)
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mortgage: Excellent quotes to start the week - 06/15/08 07:12 PM
"Vision without action is a daydream. Action without vision is a nightmare" -- Japanese Proverb
"Whenever you do a thing, act as if all the world were watching." -- Thomas Jefferson
"Life's like a boom-a-rang. The more good you throw out, the more you receive in return." -- Josh S. Hinds
… (6 comments)
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mortgage: Is that elusive real estate market turnaround near? - 06/15/08 04:38 PM
The mortgage and housing markets have been severely punished in the last couple of years, there's no denying it. The home loan industry, of course, covers the entire nation while the real estate field's troubles have been rather uneven. Some areas, like Las Vegas, lots of Florida and California, have suffered … (6 comments)
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mortgage: Need a conventional loan & went stated last time? It's a new ball game! - 06/15/08 01:32 PM
Since the pendulum has swung from letting anyone with a "pulse" being able to get stated loans, to just about gone from most lending institutions no matter how good your credit history is, and being outlawed in certain states, this has become a popular topic with my clients.
What does this mean?
… (0 comments)
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mortgage: St. Louis Real Estate-Market Watch June 14th, 2008 - 06/15/08 11:40 AM
The St. Louis Real Estate Market this week doesn't look much different than last week-relatively flat. We see a few more active listings, homes sold and the pending ratio increasing slightly. At an average 6.4 months of inventory, we are still very much in a buyer's market.
Buying activity has slowed … (0 comments)
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mortgage: Buy & Bail - 06/15/08 10:37 AM
I read this article in the Corpus Christi Caller Times today and wonder WHAT IS WRONG with us ...."Homeowners buy new residence to bail on old" The article is about a homeowner who plans to walk away from her home and let the property fall into foreclosure but NOT BEFORE taking … (1 comments)
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mortgage: The Real Place to go for FREE CREDIT REPORTS! - 06/14/08 07:47 PM
The Real Place to Go for
FREE CREDIT REPORTS!
We've all seen the TV Ads for the free credit reports but are they really free. I haven't checked out all of them but I did check out freecreditreport.com. They do offer free credit reports but you must sign up for … (0 comments)
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mortgage: Survey SAYS! - 06/14/08 06:52 PM
The bad news of the residential market over the last few months begs the question of what will happen to the commercial real estate market in the coming year. In order to gauge investors' expectations for 2008 in this market segment, a group of leading research companies recently surveyed more … (0 comments)
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mortgage: College Parents benefit from "Kiddie Condo Loans" - 06/14/08 06:46 PM
Despite its relative obscurity, a great investment tool for college bound students is growing in popularity among savvy college parents. The FHA loan program, affectionately nicknamed "Kiddie Condo Loans", is one of the best programs out there to help jump start a student's credit and provide a low down payment option … (1 comments)
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mortgage: Fred Glick Real Estate and Mortgage Blog link Click on the link to see my full blog. - 06/14/08 06:32 PM
Fred Glick's Blog
… (5 comments)
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #10 - 06/14/08 11:46 AM
2c. Down Payment
Your second mortgage choice is:
80 / 15 / 5. Here your cash down payment is 5%, and you avoid PMI by taking out a 2nd mortgage for 15%. (Since the first mortgage at 80%, this combination is called an 80 / 15 / 5.). With 10% down, … (3 comments)
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mortgage: Super-luxury housing market still strong in Las Vegas - 06/13/08 11:44 PM
This sector seems to have it all figured out. It's generally considered to include homes that go for upwards from $3 million at which level buyers seem to be little concerned about where the Las Vegas real estate market is, what mortgage rates are doing or how the national economy is … (4 comments)
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mortgage: FHA 203k Streamline vs 203k Full Renovation - 06/13/08 10:57 PM
Renovation Lending
The main concept behind these loans a.k.a Rehab, Renovation, 203k and Home Improvement loans is quite simple, clients who wants to finance the costs of home improvements through the mortgage for a purchase or refinance.
Financing the costs of the home improvements through the mortgage can be cheaper than … (10 comments)
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mortgage: Know What You Want In a Home - 06/13/08 08:42 PM
Know What You Want In a Home
This evening my friends and I are hanging out in my family room. As I'm sprawled across a chair, enjoying the camraderie, I remember the importance I placed on a family room while I was home shopping. I wanted a home that was comfortable, welcoming. For … (4 comments)
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mortgage: Green Tip for you "Printers" out there - 06/13/08 06:31 PM
Are you using your paper to its full cpacity?
There is more space on the page than you think. Your computer's common default settings are 12-point type and 1.25-inch left- and right-hand margins.
Try using 11-point type, 1-inch margins, and 0.5-inch right-hand margins.
That's all it takes to fit 27 percent … (6 comments)
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mortgage: Financing Solutions - 06/13/08 05:33 PM
Financing Solutions with David Reed
The Best time to Lock in Your Mortgage Rate
… (0 comments)
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mortgage: FICO Credit Scores - 06/13/08 03:34 PM
Scoring your Credit - How's your FICO?
In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills can … (0 comments)
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mortgage: UPDATE - FHA Has Changed The Way They Do Business!! - 06/13/08 03:15 PM
This update announces the guidelines for FHA's Risk Based Premium model. For the first time in history, FHA will take credit scores into account. These guidelines are effective as of July 14th, 2008. At the bottom of the page is a link to the full update.
The 10 primary guideline changes are as follows:
1. Borrowers need either no score, or … (1 comments)
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mortgage: Marketing to the Better Half - Don't Leave Spouses Out of the Equation - 06/13/08 03:05 PM
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mortgage: Marketing 101 - How to Stand Out from the Crowd - 06/13/08 03:04 PM
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mortgage: Daily Rate Lock Advisory - 06/13/08 03:00 PM
Friday's bond market has finally opened in positive territory despite early stock gains. The stock markets are in positive territory with the Dow up 122 points and the Nasdaq up 43 points. After a terrible week so far for bonds, the market appears ready to close the week on a … (0 comments)
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mortgage: Buy and Bail - Business Decision or Fraud? - 06/13/08 02:57 PM
Some homeowners are buying new homes only to let their current home go into foreclosure. They may be able to buy a better home and have a lower payment than the home they currently feel "stuck" with because they're $200,000 upside-down.
So while their credit is still good they buy another … (1 comments)
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mortgage: 5 Things to Know About Title Insurance - 06/13/08 01:54 PM
5 Things to Know About Title Insurance
*Realtor.org
Title insurance protects the holder from any losses sustained from defects in the title. It's required by most mortgage lenders. Here are five other things you should know about title insurance.
1. It protects your ownership right to your home, both from fraudulent … (3 comments)
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mortgage: We need more Fun Facts! - 06/13/08 01:52 PM
Hello Everyone!
We are running out of interesting facts for the "Fun Fact" section of our website.
Please email us your interesting facts, if they are good, we will put them on the website! If you would like, we will also link you to the Fact(s) you submit (example: John from Dublin, … (0 comments)
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mortgage: Beautiful, Summer Hill setting for this true 5 bedroom in Phoenix, MD - 06/13/08 12:29 PM
[Your browser does not support frames or is currently configured not to display frames. Please use an up-to-date browser that is capable of displaying frames.]
… (0 comments)
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mortgage: The Macgill Team - Your resource for buying or selling in Ellicott City - 06/13/08 11:59 AM
The Ellicott City area is a great place to live! Whether you already know which area you are interested in, or are looking for some suggestions, the Macgill Team will be able to help you. They have worked in the area for years and are great to work with.
You can … (0 comments)
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mortgage: 529 Accounts - - - Want more business now? Today's Marketing Tip - 06/13/08 10:10 AM
I'm sitting in a continuing legal education seminar right now. Although CLEs can be quite boring, I'm thinking to myself that this guy has a point here. A great point. It's a reason to contact your database right now and generate more business. It all comes down to a 529 plan.
… (2 comments)
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mortgage: Veracity Quarterly Newsletter - 06/13/08 10:05 AM
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #9 - 06/13/08 09:29 AM
2b. Down Payment
Your first mortgage choice is:
20% down. With 20% down you avoid PMI and have a lower monthly payment, but this is NOT an option that many first-time buyers have the resources for!
Visit our website to read more about Chicago multi-family homes with two or more flats.
… (0 comments)
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mortgage: The Real Numbers on Foreclosures - 06/13/08 09:08 AM
To say that I'm tired of the media's constant negative coverage of the Real Estate Market is an understatement. As a former journalist, I'm disgusted by the coverage.
Case in point is today's numbers from RealyTrac (a firm that makes money by helping people location foreclosures - not exactly an impartial … (4 comments)
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mortgage: Today; 6/13/2008 - 06/13/08 08:39 AM
High 88 Low 69 Partly Sunny
"I strive for the best and I do the possible."
~Lyndon B. Johnson
Iowa - 55 counties declared ‘Disaster Areas' -
Flooding in 9 other states...
Al says - Oxymoron:
‘Sweet sorrow'...
Isle of Palms - 128 pound cannonball … (0 comments)
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mortgage: Alert! Your Name is Being Sold - Take Action Now! - 06/13/08 08:32 AM
Here's breaking news you need to know ... and you need to let all your family and friends know right away as well.
Your information ... a hot commodity
Having credit checked is an important and necessary step in the home buying process. But very few people realize that each … (3 comments)
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mortgage: Helping people become homeowners - 06/13/08 07:07 AM
How many agents are using "The Nehemiah Program" and are they using other programs like "keys for less"
What other programs are out there to get people into homes...
… (4 comments)
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mortgage: Day On The Glen 2008 - 06/12/08 05:34 PM
Hey Everyone!
Dublin's annual "Day On The Glen" will be held this year on Saturday, September 20th and Sunday, September 21st. "Day On The Glen" is held at Emerald Glen Park on the corner of Tassajara Road and Gleason Drive, in Dublin. This is one of Dublin's best event's next to the "St. Patrick's … (0 comments)
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mortgage: Mortgage Rates on the Rise! Waiting to Buy May Cost You More Than You Think! - 06/12/08 05:31 PM
Mortgage rates keep climbing and bernake has indicated that the Fed may start to raise its rates soon in an attempt to curb inflation.
Many experts are stating that we will likely see the Fed increase rates before the end of the year.
Anyone who is thinking about buying a home … (2 comments)
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mortgage: Final rate report; Bond Market. Watch out!!!! - 06/12/08 04:38 PM
We may be in for a ride. They are estimating that the 10 year treasury bond will top a yield 4.29% by the end of the day tomorrow with anticipation of that being the top. If the yield move over 4.29%, mortgage rates will be in trouble. This similiar trend occurred during … (1 comments)
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mortgage: Understanding Mortgage Points, Rates and Fees - 06/12/08 02:54 PM
Understanding Points, Rates and Fees There are several additional costs associated with your mortgage
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- Wed, Jan 9, 2008
Provided by
Not only do you have to understand what type of mortgage you should choose, you have to understand the … (1 comments)
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mortgage: What’s Left in the Bank Account After You Pay Your Mortgage? - 06/12/08 02:21 PM
There was a very interesting blog on Zillow yesterday that talked about how much money the average family has left over every month after paying the mortgage, in different cities around the country. Check out Zillow’s chart: Source: Zillow.com
Source: Zillow.comThe relatively large amount of money left over at the … (2 comments)
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mortgage: Foreclosure opportunities in the Austin, Texas area - 06/12/08 01:31 PM
With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country, with the number of foreclosures increasing every quarter. Austin, Texas has its share of this market wiht REO, HUD, and pre-foreclosure properties.
All these foreclosed properties offer you a great investment opportunity. … (0 comments)
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mortgage: Buyers with cash cant get a loan... - 06/12/08 12:58 PM
We've recently run into situations with buyers that I'd never have predicted 2 years ago: Buyers looking for houses in the Dallas area with over 30% cash to put down and good credit have been unable to get a loan. In one case, the buyer is self employed, and in the … (6 comments)
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mortgage: Feel-Good Numbers - 06/12/08 12:55 PM
Can you tell me how much I can afford? I want to keep my payments at X amount of dollars, what homes can I afford? We have all thought of these questions when we first think of buying a house. I call these feel-good numbers. We want answers from someone in … (4 comments)
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mortgage: THE COBURG COW - 06/12/08 12:39 PM
I just mooooved over to the West Ashley office from Mt. Pleasant about 2 months ago and it wasn't long before I started giving directions to my clients by referring to "The Coburg Cow". You know...."I'm just across from the Coburg Cow in the AgentOwned office on Hwy 17", and then they will … (7 comments)
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mortgage: Supporting Local Business's - 06/12/08 12:02 PM
Please check out our website at www.piffinancial.com then click on the "Proud Partners" tab and you will find a page that looks similar to this. We will be constantly adding new business's to this section so check back frequently. You will also find many other useful resources at www.piffinancial.com. If you have … (0 comments)
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mortgage: Rates still moving north. Is there hope hope of a stpping point? - 06/12/08 11:10 AM
The market for rates has not been very good for those looking for the cheap money. We have seen rates steadily move upward for the past 10 days. When will there be any help in site? That is the question that all mortgage people would love to know. Oh to have … (1 comments)
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mortgage: 22 Helpful Links for real-estate and business professionals (Part 4 of 4) - 06/12/08 10:50 AM
Here is the last set 22 links that you may find value in. Take your time and don't be overwhelmed. They all contain a good amount of information, free services, marketing ideas or other helpful ideas! Maybe tackle 3-5 a sitting and see if they can help you out. I … (6 comments)
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mortgage: Why are so many still buying and selling? Call for the answer now! - 06/12/08 10:44 AM
Help is a phone or email away. If you need me I am available 24/7. Ask anyone who knows me. I may be a dynamo in real estate, but I am a good citizen first!
Our Walk For A Cure Cancer Society Walk was a huge success! Great weather, registrant went from 1600 … (1 comments)
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mortgage: Mortgage Rates Reach Highest Level in 8 Months - 06/12/08 10:39 AM
Inflation fears have driven mortgage rates to levels not seen since October 25th, 2007. One of the biggest contributors was comments made by Fed Chairman Ben Bernanke about the rising fear of inflation. This left many economists to believe that the Fed will be increasing rates in upcoming meetings.
The following … (0 comments)
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mortgage: More Good News in a Crumby Market - 06/12/08 10:32 AM
Home sales up despite predictions
Visit www.piffinancial.com/mortgagenews.php for more information.
… (2 comments)
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mortgage: Orlando Area Fixers & Foreclosures - Weekly Report dated 06/11/08 - 06/12/08 09:33 AM
Here are four links to the latest fixer-upper & foreclosure properties (Real Estate in the greater Orlando area which includes Orange County Seminole County, Lake County and Volusia county). To see the properties online, just click the links below. If that doesn't work, you can click on or cut and paste the … (0 comments)
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #8 - 06/12/08 08:22 AM
2a. Down Payment
If the primary mortgage is for MORE than 80% of the value of the property, you normally must pay PMI (Private Mortgage Insurance). This has been, for most people, a no-no, but as of January, 2007, for many people PMI charges became tax-deductible-and the biggest objection to PMI … (2 comments)
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mortgage: NOW is the time to buy a home in Seattle - 06/11/08 11:17 PM
Or at least haggle according to Aubrey Cohen's front page article in Friday's Seattle P-I. Would I buy a home right now in Seattle if I were in the market? Quite possibly...especially if it's a home that I desire and if it's priced fairly. The article states these factors for reasons … (0 comments)
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mortgage: Mid Hudson Valley - It's Time to Buy! - 06/11/08 05:49 PM
Mid Hudson Valley - It's Time to Buy
Despite what you may hear in the media, now is a good time to buy a home. Mortgage rates remain in the historically low range. Sellers are more willing to negotiate. Inventory is stabilizing, as is the number of days a … (6 comments)
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mortgage: 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)
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mortgage: Youtube tours to Baltimoresun.com - 06/11/08 03:35 PM
You can now add video tours to your listings on Baltimoresun.com just like adding an additional photo or virtual tour url. This is a great way to get extra exposure for your video efforts and to show more sellers what you can do for their property.
Check out an example in … (3 comments)
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mortgage: www.explorebaltimorecounty.com has launched! - 06/11/08 03:27 PM
Baltimoresun.com has now launched the website for all of the Patuxent papers in Baltimore County, building on the launch last month of the Howard County site. ExploreBaltimoreCounty.com will have content from eight papers including the Towson Times, the Jeffersonian, the Arbutus Times, & many more. Best of all, if you have … (0 comments)
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mortgage: 22 Helpful Links for real-estate and business professionals (Part 3 of 4) - 06/11/08 02:16 PM
Here is the 3rd set of 22 links that you may find value in. Take your time and don't be overwhelmed. They all contain a good amount of information, free services, marketing ideas or other helpful ideas! Maybe tackle 3-5 a sitting and see if they can help you out. I … (4 comments)
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mortgage: It's Been Fun But I am Leaving This Business - 06/11/08 12:53 PM
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mortgage: What do you know about RESPA? - 06/11/08 12:03 PM
I wrote this article a while back. I know everyone is tuned into the same radio station (WIIFM) [What's In It For ME]. But a reality check came into place when everyone wants a referral fee or a free dinner etc. I am not losing my job over a RESPA Violation … (2 comments)
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mortgage: What You Need to Know About Your Credit Score... - 06/11/08 11:54 AM
What You Need to Know About Your Credit (FICO) Score
What You Don't Know About Your FICO Score Can Cost You Money
It's important to obtain copies of your credit report from the three major credit bureaus and review them for accuracy, but if you want to know how a potential … (2 comments)
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mortgage: I am going to be doing a radio talk show - 06/11/08 11:34 AM
I am going to be on a morning radio talk show next Tuesday June 17th from 9:30 - 10am. The show is on 1150am in Volusia County and is called Senior Life Solutions.www. seniorlifesolutions. com
I will be there with one of my reverse mortgage clients explaining the benefits and answering … (1 comments)
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mortgage: I am going to be doing a radio talk show.... - 06/11/08 11:31 AM
I am going to be on a morning radio talk show next Tuesday June 17th from 9:30 - 10am. The show is on 1150am in Volusia County, FL and is called Senior Life Solutions.www. seniorlifesolutions. com
I will be there with one of my reverse mortgage clients explaining the benefits and answering … (0 comments)
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mortgage: Do's & Don'ts of the Mortgage Process - 06/11/08 11:29 AM
DON'T APPLY FOR NEW CREDIT OF ANY KIND
If you receive invitations to apply for new lines of credit, don't respond. If you do, that company will pull your credit report and this will have an adverse effect on your credit. Likewise, don't establish new lines of credit for furniture, appliances, … (1 comments)
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mortgage: Invest In Your Financial Future - The Time Is Now - 06/11/08 09:55 AM
If you're looking to invest in your financial future, then the most positive thing you can invest in is a home. And buying a home now, while we are in a buyers market, is the best way to do it. Buy low now, sell high later.
In today's market you can … (1 comments)
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mortgage: What to do when a divorce occurs.... - 06/11/08 09:49 AM
When a couple decides to divorce, the stress of dealing with financial issues can be overwhelming. As a result, people will often seek expert advice to educate them on their different options. At Beach Community Mortgage, we specialize in helping individuals learn more about what choices they have regarding the issues … (2 comments)
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mortgage: What is your best rate? - 06/11/08 09:43 AM
“What is your best rate?”
This is the most common question I hear. Most consumers believe that is you get the absolute lowest rate; they have automatically gotten the best possible deal. This is not always the case.
There are a couple of things that go through my mind when I … (1 comments)
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mortgage: 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)
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mortgage: Understanding Construction and Rehab Mortgage Options - 06/11/08 09:23 AM
Great opportunities exist in the real estate market right now. Many homes are selling for far lower prices than they brought at their last purchase. 3- and 4-unit properties are often available for a song due to extreme reductions in viable financing options. But what about getting a home that is … (2 comments)
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mortgage: 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)
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mortgage: Another GREAT OFFERING...... - 06/11/08 09:18 AM
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #7 - 06/11/08 08:14 AM
1c. Your Pre-Approval
And the third thing you need to know is:
Debt / Income Ratios. Lender guidelines are no longer so rigid here, and you will get credit for most or all of rent collected, but of course it remains that lenders want to know you can afford the payment.
… (0 comments)
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mortgage: Bank of Canada holds rate steady but acknowledges weak economy - 06/11/08 07:40 AM
Bank of Canada holds rate steady but acknowledges weak economy
HEATHER SCOFFIELD Globe and Mail Update
June 10, 2008 at 9:12 AM EDT
OTTAWA - The Bank of Canada is holding its key interest rate steady, even though it acknowledges the economy has stagnated and could well weaken further.
The central … (0 comments)
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mortgage: How To Obtain a Mortgage in Today's Market - 06/11/08 06:48 AM
During the housing boom, shopping for a mortgage couldn't have been easier. Mortgage interest rates were low, credit was a breeze, and the sheer volume of mortgage products made buying or refinancing a home a cinch, even if you had credit issues. All you had to do was call up … (5 comments)
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mortgage: The Ongoing Mortgage Mess, Hud, the big three, etc.. - 06/11/08 12:19 AM
In an attempt to try and get a grip on what has happened in the mortgage mess I read a lot. Tonight there was a interesting article on MSNBC (see article here) about the part HUD, Housing and Urban Development, has played in the current situtation. That situtation being the expected … (4 comments)
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mortgage: 12 N Middleton Rd, Nampa ID, 83651 - 06/10/08 09:49 PM
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mortgage: 12 N Middleton, Nampa ID, 83651 - 06/10/08 09:46 PM
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mortgage: Mortgage Market- Every Changing - 06/10/08 07:35 PM
The mortgage market is a moving target. The loan that were once available are now gone.
For the borrower who has good credit, all the same loans are available. We can still offer financing up to 97% financing. FHA loans are now all the craze. They are not credit score driven, … (0 comments)
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mortgage: Free tool for your website! - 06/10/08 04:57 PM
Seen the ad around the site for the free mortgage calculator? Take advantage of the free code! It only takes a minute. Click the link, copy the code, then paste it into your html file. It's looks pretty good on almost any type of page. I just added it to my … (5 comments)
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mortgage: Quality Home in a Quiet Setting - 06/10/08 03:13 PM
Quality Home in a Quiet Setting
149112 Auderine Circle, La Pine, OR 97739 View Map
Quality craftsmanship in a wonderful nearly new (2006) frame built home on a quiet cul-de-sac in an attractive setting. Open floor plan featuring Vaulted Ceiling in Great Room, Alder wood Cabinetry, Heat Pump, Wood Stove … (2 comments)
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mortgage: The True Profits of Home-Ownership - 06/10/08 01:27 PM
Between home equity and government incentives, one can practically live for free when owning instead of renting. Federal benefits make home-buying a sound decision for those who buy within their means.
Tax Deductions
Homeownership offers many opportunities for deductions on federal taxes. For example, mortgage interest is tax deductible! Because of … (0 comments)
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mortgage: Orlando Area Fixer-Uppers & Foreclosures - Weekly Report dated 06/04/08 - 06/10/08 01:04 PM
Here are four links to the latest fixer-upper & foreclosure properties (Real Estate in the greater Orlando area which includes Orange County & Seminole County as well as Lake County and Volusia county). To Just click the links below. If that doesn't work, you can click on or cut and paste the below links … (1 comments)
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mortgage: 22 Helpful Links for real-estate and business professionals (Part 2 of 4) - 06/10/08 12:35 PM
Here is the 2nd set of 22 links that you may find value in. Take your time and don't be overwhelmed. They all contain a good amount of information, free services, marketing ideas or other helpful ideas! Maybe tackle 3-5 a sitting and see if they can help you out. I … (1 comments)
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mortgage: Mortgage 101 (Buying Your First 2- to 4-Flat) #6 - 06/10/08 07:32 AM
1b. Your Pre-Approval
The second thing you need to bring with you is:
Documented vs. Stated Income. Many people are in jobs that allow for a stated (not documented) income application. The interest rate for Stated may be a little higher, but there can be extra flexibility in what you qualify … (0 comments)
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mortgage: Home Buyer Tax Credit: A Possible Solution To Moving Housing Inventory? - 06/09/08 09:45 PM
Home Buyer Tax Credit:
A Possible Solution To Moving Housing Inventory?
We can all agree that moving existing home inventory from the real estate market will help housing in general. And now the CEO of Toll Brothers has come up with a proposal for Congress to pass a bill giving … (1 comments)
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