mortgage lender: Could New Home Appraisal Rules Get Scrapped?
- 06/18/10 06:17 AM
There is an increasing amount of opposition to the new home appraisal rules as many mortgage brokers and real estate agents are serving up criticism that the Home Valuation Code of Conduct (HVCC) guidelines adopted in 2009 are resulting in inaccurate and low-ball appraisals. The main argument amongst critics is that the new rules have undesirable affects where appraisers are now being overextended, underpaid and forced to churn out appraisals in a hurried fashion. Conversely, many mortgage lenders, including J.P. Morgan and CitiGroup, have vested interests in the appraisal management companies that now play the role of divvying up appraisal (122 comments)
mortgage lender: Learn how to lock in the lowest mortgage rate available when you refinance your loan.
- 05/11/10 07:59 AM
When homeowners choose to refinance their existing first mortgage loan, they must decide when to lock in their interest rate. Submitting your loan application does not necessarily lock in your rate. With mortgage interest rates low in 2009 and many borrowers refinancing locking or floating is again an important issue to understand when applying for a loan. In the same way people try to time the stock market - deciding when to buy and sell stock in companies - many borrowers try to time when they lock in their rate when refinancing. Based on the history of mortgage interest rates, this (0 comments)
mortgage lender: Mortgage Lender Sees Favorable Home Buying Opportunities Despite Expired Tax Credit
- 05/03/10 05:34 AM
Mortgage Lender Sees Favorable Home Buying Opportunities Despite Expired Tax Credit Housing affordability and mortgage rates near record lows, while inventories are close to record highs Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March MILFORD, CT (May 3, 2010), Leading mortgage lender and broker Total Mortgage announced today that even though the first-time home buyer tax credit and repeat home buyer tax credit have expired, there are still a number of favorable market dynamics present in the housing market that continue to offer a once-in-a-lifetime opportunity for potential home buyers. "Despite the end (0 comments)
mortgage lender: Mortgage Lender Sees Favorable Home Buying Opportunities Despite Expired Tax Credit
- 05/03/10 03:19 AM
Housing affordability and mortgage rates near record lows, while inventories are close to record highs Mortgage lender experienced an over 50 percent increase in purchase loans in April compared to March MILFORD, CT (May 3, 2010), Leading mortgage lender and broker Total Mortgage announced today that even though the first-time home buyer tax credit and repeat home buyer tax credit have expired, there are still a number of favorable market dynamics present in the housing market that continue to offer a once-in-a-lifetime opportunity for potential home buyers. “Despite the end of the tax credit, the nationwide housing crisis is opening the (0 comments)