fha central florida: What is the Fed's $600 Billion 'QE2'?
- 11/04/10 11:19 AM
Nov. 3, 2010: The Fed announces it will buy $600 billion more in Treasury bonds gradually through the middle of 2011 to try to drive down interest rates on mortgages and other debt. This has been great, at least temporarily, for the markets. The markets are up, rates are down, what could be bad? The Fed it callng it ‘QE2' for ‘Quantitative Easing-Round 2'. The Fed is printing the money already to buy these bonds. Why don't they just print and buy 100 bazillion dollars. They obviously feel that the US economy isn't as going as well as they want everyone … (1 comments)
fha central florida: An FHA Loan in Winter Park could be your ticket to Home Ownership!
- 11/03/10 07:02 AM
For those of you who aren't local to central Florida, Winter Park is considered one of the most desirable areas in which to live. It has everything-old Florida charm, grace, reputation, shopping, restaurants, brick roads, and it is just plain ol' beautiful. The costs for homes, especially lakefront, can be in the millions of dollars. With the real estate bust, there are many beautiful homes, in Winter Park, that can be purchased with an FHA mortgage, opening the area to many more qualified buyers, and saving them money as well. An FHA Loan in Winter Park is one of the best kept secrets … (1 comments)
fha central florida: FHA Loan in Orlando is the best kept secret in town!
- 11/02/10 09:22 AM
An FHA Loan in Orlando is the best kept secret in town! The maximum mortgage amount for an FHA Loan in Orlando is currently $353,750. An FHA loan in Orlando would only require a down payment of 3.5% or $12,830. This equates to a mathematical sales price of $366,580! First and foremost, this would save your customer almost $5,500 in down payment if they were going 5% down conventional and $22,828 if they were putting 10% down conventional and they would still have a lower monthly MI payment, dollar to dollar. A sales price of $373,368 would require 5% down, still … (0 comments)
fha central florida: What will Mortgage rates do this week? November 1st, 2010
- 11/01/10 03:52 AM
Expect Mortgage Rates to Stay the Same This Week November 1, 2010 Mortgage Rates in the central Florida area, all of Florida, and pretty much everywhere should stay about the same this week. Remember, the pricing on the Fannie Mae 4.0% 30 Year fixed rate mortgage backed security and on the US 10 year Treasury Note fluctuate up and down all day, all the time. They are investment vehicles and go up and down as the investors think they will make or lose money. Factors that will likely influence rates this week: On Monday, the September personal income spending index will … (1 comments)
fha central florida: HUD trying to make it even harder on Lenders
- 10/30/10 07:09 AM
So what else is new? Lenders are already buckling under the dual mandates from HUD FHA to 1. Make more loans and make it easier to get a loan and, 2. Follow the ever-increasing restrictions and tightening guidelines on each and every loan. And if they miss just one, HUD FHA will try to make them buy the loan back. Very recently, The Department of Housing and Urban Development, HUD, pushed for increased authority and new regulations to be able to force certain lenders to indemnify or reimburse the Federal Housing Administration, FHA, and buy back nonperforming mortgages! HUD wants to require all … (0 comments)
fha central florida: VA Loan in Florida
- 10/29/10 04:44 AM
Have you ever wondered exactly what a VA loan was? A VA Loan is another government backed loan, exactly like FHA! Only the VA loan is backed by the Department of Veterans Affairs in Washington DC, and the FHA loan is backed by the Department of Housing and Urban Development. The VA Loan in Orlando or the VA Loan in Florida is for veterans with enough ‘eligibility' to qualify for 100% financing. It is one of the better benefits bestowed upon our veterans for serving our country. Veteran status includes The Coast Guard, The Reserves and The National Guard. Only Veterans … (0 comments)
fha central florida: Credit Score Requirements for an FHA Loan in Florida
- 10/28/10 11:08 AM
Have you ever wondered what is going on with credit and mortgages in this country? I do everyday, and I'm in the business. If you want an FHA loan in Orlando where I'm from or Florida, you'd better read this and heed carefully. Government backed mortgages, including and especially FHA, are still the best way for the average American to buy a home. For the longest time, HUD/FHA had no credit score requirements for their loans. Actually, for a long time, there was no such thing as credit scores. We can thank the Fair, Isaac, and Company for that. All of … (0 comments)
fha central florida: An FHA Loan In Orlando, Central Florida, or anywhere in Florida is a Great Way To Go
- 10/05/10 04:27 AM
You should use an FHA Loan in Orlando, central Florida, or anywhere else in Florida for that matter, if possible. Even though HUD just changed its MIP factors; the upfront MIP and the monthly MIP, an using an FHA Loan in Orlando to buy your home is the smartest way to go, if you are not a Veteran or if you do not have 20 percent to put down. An FHA Loan in Orlando is one of the best kept secrets in real estate. The maximum mortgage amount for an FHA Loan in Orlando is currently $353,750. An FHA loan in … (0 comments)
fha central florida: An FHA Loan in Orlando is the Best Kept Secret In Town!
- 09/12/10 08:15 AM
An FHA Loan in Orlando is the best kept secret in town! The maximum mortgage amount for an FHA Loan in Orlando is currently $353,750. An FHA loan in Orlando requires a down payment of 3.5% or $12,830. This equates to a mathematical sales price of $366,600! First and foremost, this would save your customer almost $5,500 in down payment if they were going 5% down conventional and over $22,800 if they were putting 10% down conventional and they would still have a lower monthly MI payment, dollar to dollar. A sales price of $373,400 would require 5% down, still get an … (0 comments)
Nov. 3, 2010: The Fed announces it will buy $600 billion more in Treasury bonds gradually through the middle of 2011 to try to drive down interest rates on mortgages and other debt.
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