Stock market down, rates down. (See below). The Middle East situation and declining stock markets are reducing rates here at home. /// HAFA (Home Affordable Alternatives) is starting to make more sense now that HAMP (Home Affordable Modification Program) has matured somewhat. More on how I can assist with HAFA short sales next week. /// Stay tuned, and have a good week! - Paul
"Market down, rates down. Markets up, rates up"
While this is not always true, it often is. In short: Interest bearing securities ("bonds") compete with stocks for investment money. When stock markets are more attractive the money flows that way. Bond yields (and mortgage rates) need to rise to attract investment. Conversely when stock markets are less attractive, the money flows to bonds, causing yields (and mortgage rates) to decline.
The 203(k): Home repair loan & mortgage all in one
If you are interested in what an FHA 203K renovation/rehab loan actually consist of this is a good article. Read it. See the loan process here.
Flip financier and buyer all in one
My investment circle includes investors who will finance a fix-flip, AND buy the property as end-buyer. 2-4 unit properties with good cash flows work best. If you have a possible scenario, get a fix-flip quote first.
Good news if you owe the IRS
TAXMASTERS: The IRS just announced major changes to the Offer in Compromise program to increase the numbers of offers in compromise submitted and accepted! In the same release, the IRS stated that taxpayers now have more opportunities to get an IRS lien lifted, even if they still owe money in some cases. (This can be helpful for mortgage applications - P). Read more.
- Apply for a heloc or mortgage online
- Request a quote for a fix-flip scenario
____________________________________
"You are the embodiment of the information
you choose to accept and act upon.
To change your circumstances you need to change
your thinking and subsequent actions."
- Adlin Sinclair
Comments(0)