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Blog entries tagged with "refinance":
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How much longer will we be able to say that it is a buyers market?
HOPE for Homeowners Can Help
With this crazy market it is hard to tell what is coming up next. I want to warn everyone that property values are unstable right now and you can take a big risk on a for sure thing. Dont get me wrong i think this is a buyers market and if … (0 comments)
FHA Secure and FHA HOPE For Homeowners by John Alesi, Mission Viejo REALTOR® Mission Viejo CA Real Estate 
Michael Shotnik
Do you need advice on selling a home in Winslow or the surrounding area? Janet Larsen has the proven experience and track record in your area. Call for a free market analysis today at 856-261-6910. Janet is a NJ Association of Realtors Circle of Excellence Award winner for 5 consecutive years. … (0 comments)
Here is a website if you are curious about the HOPE program that was part of the HR-3221 program. It is still a new concept. My understanding it that you need to get a short payoff letter from your primary lender so you can qualify to 90%. If anyone else wants … (3 comments)
Rates
fluctuated a lot this week, ending on a high. My alerts are pointing to lower
rates next week, but given current market conditions, I am not sure any forecast can be relied on. Loan modification services are popping up all over, and prospects are price
shopping for the service under the mistaken … (0 comments)
How To Get Great Mortgages - begins with this new series....
Check it out.....
http://www.GetMeLowRates.Com … (0 comments)
object width="464" height="388" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000">See more funny videos at Funny or Die … (0 comments)
1st Metropolitan Mortgage Introduces BrightGreen Mortgage Campaign; Toyota Prius Sweepstakes
CHARLOTTE, N.C., Oct 8, 2008 – 1st Metropolitan Mortgage, a national mortgage originator, has made a commitment to making the mortgage origination process more environmentally friendly by introducing its national BrightGreen Mortgage campaign. The program will give originators the tools … (0 comments)
~ Oh Where, O Where Are Our Interest Rate Heading ~The question should someone lock a rate now or later is such a loaded question. But today I thought I would take a moment to write down a few thoughts and share a few things that may come in handy to … (2 comments)
With lenders tightening the reigns on credit these days, it has never been more important to have a good credit rating. Here are a few useful tips that can help you obtain and then maintain the highest credit rating.
I've recently heard one phrase repeated more often than most. "These are interesting times." Why are these times so interesting? It's interesting because we're in a big election year, the economy is failing, the stock market continues to plummet and we have no idea what's next. To put it in perspective, … (0 comments)
Every time you turn on the television or the radio, you hear about people who can't get car loans or can't get financed for mortgages. Doom & gloom all the way! I understand that there is a problem with conventional loans, but government loans are still going thru. I was informed … (13 comments)
Adjustable rate home loans were in use by a good amount of borrowers throughout the previous five to ten years to purchase or refinance their mortgages. Alot of these loans are now getting set for the first interest rate adjustment and this is causing many people to refinance their ARM to … (0 comments)
The Federal Reserve cut the key rate by a half point this morning in an effort to free up credit between banks and for consumers. This should mean lower interest rates for home and auto loans. Home owners needing to refinance their ARM's have an opportunity to do so at great … (0 comments)
Global Banks Unite in Unprecedented Rate Cuts
Many, many, many homeowners have found themselves forced to make a tough decision, to feed their family or to keep a roof over their head. And if you're one of these people or have a friend or family member that can just no longer make it you know it's a painful … (0 comments)
The stock market is at equivalent lows to times dating back to the Great Depression (which for those of you needed date measurements is almost 75 years ago).
First a disclaimer. This is a simple and easy way to know. Yes, there are other options and this and that, but this is a quick "how to tell" if you are talking to a good buyer.
The mortgage and real estate headlines in the Ladera Heights and Westchester, CA areas are obviously centered around the financial crisis and the declining housing market. But, this week, my wife and I will embark on an adventure that will make all these issues seem tiny...
Countrywide Financial has agreed to the largest program ever to modify home loans, as part of a settlement with officials in 11 states, just days after the federal government adopted a giant financial rescue package without any relief for distressed homeowners.
The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes.
Quite the opposite of what many consumer might think there is a good likelihood that the passing of this law "designed to help consumers stay in their homes" could infact cause mortgage interest rates to rise!
President Bush signed the Housing and Economic Recovery Act of 2008. It is said that over 400,000 homeowner's will be able to take advantage of this bill. Home owners will be able to stay in their homes providing their current lender agrees to the terms of the FHA backed, "Hope for … (3 comments)
I am a Realtor (RA) & Mortgage Specialist and can help you or someone that you know with all aspects of the real estate transaction. Buying, Selling, Refinancing or Renting let me know what I can do for you. Finding the right agent can be the difference between a smooth painless … (0 comments)
I have received from the HUD office all the item pertaining to condo developments and the guidelines at every possible stage. Whether it is new, existing, annexation, or additional phases different rules apply to the different types. I believe on common misconception realtors have is that once your project is FHA … (4 comments)
I have been asked by several Real Estate agents and people in the community this week if Atlantic Bay Mortgage Group is still able to lend money. The answer is YES!!!!! The media, in all the turmoil with the finance industry, has made a lot of people think that noone can … (4 comments)
Mortgage Rates are dropping fast...who knows how long this will last. Although you see some crazy stuff going on in the stock market and financial sector, it is still a great time to purchase a home or refinance your existing mortgage to get a lower payment or even leverage your … (0 comments)
The posted interest rates on five-year mortgages jumped more than a third of a percentage point to 7.2 per cent at major Canadian banks this week.
Out there in the so called real world there are quite a few places like finance companies and banks and car dealerships where you can apply for a Low Interest Auto Loan. You know that comparing different rates of interest and finding the best auto loan means that you can save … (0 comments)
Mortgage professionals such like myself have recently been telling their clients "Don't Miss the Boat" or some other catchphrase meant to let consumers who are waiting to refinance their current mortgage know that need to get on with the process before it is too late. Although, this may be perceived as … (6 comments)
Today every major lender can provide a no-cost refinance. But is there really a cost to the customer? You bet. It comes in the form of a higher interest rate. To offer a "No-Cost" refinance, the lender must charge a higher-than-market interest rate (giving the lender a premium) in order to … (0 comments)
hope
… (1 comments)
$700 million dollar bailout?? Any others out there in the appraisal industry who "tried to tell them" a few years ago? I know we did! "I realizethis is the number you "need" to make your deal work, but the house is not worth that." Sound familiar? I'm not pointing the finger at … (0 comments)
I have been spending a lot of time posting ads all over the Internet on the free advertising websites like Kijiji and Craig's list. On Kijiji, my ads have had over 300 hits in one month but not ONE single phone call or email.
FHA Streamline Refinances are a great way to reduce your current (FHA insured mortgage) interest rate without going through all of the paperwork needed to do a traditional refinance transaction.
The DC Metro area was one of the fastest appreciating areas in the country for homes during the last 5 years. Like the old saying goes, “What goes up, must come down”, and many have felt the pinch of the housing crunch over the last year. Falling home prices have caused … (0 comments)
Good Afternoon,
I want to put forth a solution to our financial crisis that I'd like an audience with Mr. Obama, Mr. McKain and their advisors to discuss. I believe this could be the single most important initiative either campaign could bring forth.
As details of Treasury Secretary Henry Paulson's … (0 comments)
The Federal Housing Administration announced FHASecure, a temporary initiative to permit lenders to refinance delinquent adjustable rate mortgages (ARMs) and/or to offer new subordinate financing where the combined loan-to-value ratio exceeds the applicable FHA loan-to-value ratio and geographical maximum mortgage amount. 
Good afternoon.
When you owe more than your home is worth and you need an FHA Secure Short Refinance, there are typically three outcomes. Your FHA Secure Short Refinance options will depend upon the negotiations with your current mortgage lender.
High 80 Low 64 Some Sun, Showers
(09-14) 04:00 PDT Washington --
LIBOR is on the rise. In fact, according to Bloomberg:
The other shoe could be about to fall... the LIBOR rate has spiked in recent weeks. What is the LIBOR and why is something to be concerned about?
As the world today watches major, with a capital M, American financial institutions come apart at the seams because they were too carelessly and deeply involved in recently-issued mortgage securities, many experts are already starting to look for reasons to the obvious meltdown. There are many of them but it's hard … (10 comments)
If there is rock & roll playing in lower Manhattan this morning, it is probably The Doors' "Peace Frog", as investors awoke to a market seeing financial giants Lehman Brothers, Merrill Lynch, and American International Group all discussed in badly negative news. 
Hey Mr. Buyer...now is the time to find a home and lock in a really low rate.
Part of The $300 billion Housing and Economic Recovery Act of 2008 is a program designed to help consumers refinance their home loans into cheaper, government insured loan programs. To qualify for the program, borrowers need to show a hardship(31% or more of their gross monthly income going towards mortgage payments) … (0 comments)
Should you refinance your home, or should you sell the current house, take the lower rate, and buy more house for your growing family, but still have the same payments as your current loan and smaller house?
Mortgages are in the news again today...but this time, the news is good! Especially for people looking to buy or refinance a home, as interest rates have dropped to the lowest levels seen since April.
Do you know someone that is or has suffered with bad credit and now with the credit crunch in today's economy they are having a difficult time purchasing or refinancing a home? As a Mortgage Advisor, I have made the tools available for my client, so they can experience what it … (0 comments)
The Rainy Day Foundation was established to create and maintainresponsible homeownership. Since the Foundations inception, a major focus wasto provide tools to educate, counsel, support and financially assisthomeowners who experience unforeseen short-term financial problems. Throughthe administration of the Rainy Day Program, the Foundation has been able toprovide emergency support, to homeowners … (0 comments)
In case you haven't heard yet, the Federal Government took control of Fannie Mae & Freddie Mac over this last weekend. This means (among other things) that all changes to their loan programs will have to go through congress now. The potential long term effects of this Government intervention are still … (1 comments)
Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. A borrower may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the type of loan that they have. Borrowers who started with a … (0 comments)
When mortgage rates started moving up at the beginning of this summer, many people thought they missed the boat on any chances of refinancing their mortgage and getting a better interest rate and payment. Well, the boat is on the way back to port and it looks like you are about … (0 comments)
It's a good day when I see mortgage backed securities soaring high when I get my first report on the days trading. With the news of the government taking control of Fannie Mae and Freddie Mac we got a nice drop in mortgage rates today. (About three different reprice notices from … (3 comments)
The ARM's Race of 2008This August, some homeowners will be feeling a little more than the usual heat. By the end of this summer, over 300,000 subprime adjustable rate mortgages will "reset" from lower introductory rates to current market rates. The change in rate can equate to a tough-to-stomach bump in … (4 comments)
FANNIE AND FREDDIE TAKE OVER
The two mortgage giants are now operating in a government conservatorship that will be administered by the new Federal Housing Finance Agency (created under the same Congressional authority that authorized the Treasury Department to shore up Freddie and Fannie. James Lockhart, former director of the Office … (2 comments)
Home values have plummeted, while the interest rates on adjustable rate mortgages (ARMs) are rising. The bubble has obviously burst for the U.S. housing market, and it may be "refinance risky mortgage" time for you. The statements on TV ads and direct mailers may have caught your eye: "Refinance Risky Mortgage," … (1 comments)