buying: What do it ‘tall mean?
- 12/17/07 11:53 AM
So one of the questions asked of me lately is "what does it all mean?" How will the rate pricing change the industry? Will things slow down more? Is this the end of business as we know it? Are pigs growing wings as we speak? Ok.. so I added the last one myself... With Fannie and Freddie making the changes they have to mortgage rate pricing, this does mean change. But not always for the worse. Yes, subprime is dead (for now) and lenders are increasing this rate and changing that program. But, when the market shifts, someone will be there to take … (3 comments)
buying: If LO's are lost, we are all in trouble!
- 12/17/07 11:46 AM
So here we are in one of the craziest periods of time in the mortgage industry. Every day something else changes... lenders have closed shops, mortgage programs are morphing every day and now rate pricing changes... how does one keep up? Surprisingly, there are a large number of mortgage loan officers out there that can't keep up. Remember, they got in this business in the past couple years and got into the habit of "cherry picking." The phone rang just as soon as they put it back down and by the end of the day they had 10 mortgage applications. Choose the … (4 comments)
buying: The Day Has Come
- 12/17/07 09:53 AM
A few weeks back I reported that Fannie Mae and Freddie Mac would be making changes to the way mortgage loans would be priced. As of today, that has finally become a reality. Effective today, majority (if not all) of the major mortgage lenders have modified their pricing models to include additional pricing add-ons for those with credit scores under 680 and loan to value ratios above 70%. In laymen's terms, that means if you are not putting down 30% on a home purchase and a credit score above 680, your mortgage interest rate will be higher. For consumers this means you can … (2 comments)
buying: SELF EMPLOYED BUYERS- Before you file taxes.. read this
- 12/11/07 05:05 AM
NEWSFLASH! BUSINESS OWNER MAKES $250,000 WITH NO DEBT BUT CAN NOT QUALIFY TO BUY A HOME! Think this is bogus? Read on.... For most self employed people, its time to find an accountant to help you reduce your tax bill. But if you are thinking of buying a home.. you really need some important information before you file. I have created a page that tells of the possible down falls to eliminating all (or most) of your tax liability before buying a home. Am I saying you need to pay big taxes? ABSOLUTELY NOT! You just need to know how the system works in order to work … (16 comments)
buying: Utilities in Pineville, NC
- 12/05/07 11:03 PM
Pineville, NC Utilities If you are moving to Pineville, NC or buying a home in Pineville, NC you may want to know how to connect your local utilities. Below is a handy list of contact numbers for the local utilities in Pineville, NC. Electricity: Pineville Electric - (704) 889-2291 Water: City of Charlotte - (704) 336-7600 Gas: Piedmont Natural Gas - (800) 752-7504 Phone: Pineville Telephone Company - (704) 889-2001 Trash: Charlotte Garbage Collection - (704) 336-7600 Cable: Time Warner Cable - (704) 377-9600 For more local information on Pineville, NC visit http://www.ednailor.com/local/north-carolina/mecklenburg-county/pineville.php. I hope you enjoy this city as much as I … (0 comments)
buying: Utilities in Charlotte, NC
- 12/05/07 10:39 PM
If you are moving to Charlotte, NC or buying a home in Charlotte, NC you may want to know how to connect your local utilities. Below is a handy list of contact numbers for the local utilities in Charlotte, NC. Electricity: Duke Power - (800) 777-9898 Water: City of Charlotte - (704) 336-7600 Gas: Piedmont Natural Gas - (800) 752-7504 Phone: AT&T (formerly Bellsouth) - (888) 757-6500 Trash: Charlotte Garbage Collection - (704) 336-7600 Cable: Time Warner Cable - (704) 377-9600 For more local information on Charlotte, NC visit http://www.ednailor.com/local/north-carolina/mecklenburg-county/charlotte.php. I hope you enjoy this city as much as I do. _______________________________________________ For more information … (1 comments)
buying: Great Reasons to Buy a Home in Wesley Chapel!
- 12/02/07 03:09 PM
Now is the best time to buy a home in Wesley Chapel. Why? There are several good reasons: Mortgage Rates in Wesley ChapelMortgage rates in Wesley Chapel are the lowest they have been in years and will be rising soon. Fannie Mae and Freddie Mac have already announced changes that will impact home loan rates and cause them to jump. Experts, including myself foresee this happening very soon, so locking in a low mortgage rate now would be a great move allowing you to get the best home loan! Homes for Sale in Wesley ChapelRight now, there is a great selection of homes for … (0 comments)
buying: Great Reasons to Buy a Home in Stallings!
- 12/02/07 03:07 PM
Now is the best time to buy a home in Stallings. Why? There are several good reasons: Mortgage Rates in StallingsMortgage rates in Stallings are the lowest they have been in years and will be rising soon. Fannie Mae and Freddie Mac have already announced changes that will impact home loan rates and cause them to jump. Experts, including myself foresee this happening very soon, so locking in a low mortgage rate now would be a great move allowing you to get the best home loan! Homes for Sale in StallingsRight now, there is a great selection of homes for sale in Stallings. This … (0 comments)
buying: Great Reasons to Buy a Home in Mount Pleasant!
- 12/02/07 03:04 PM
Now is the best time to buy a home in Mount Pleasant. Why? There are several good reasons: Mortgage Rates in Mount PleasantMortgage rates in Mount Pleasant are the lowest they have been in years and will be rising soon. Fannie Mae and Freddie Mac have already announced changes that will impact home loan rates and cause them to jump. Experts, including myself foresee this happening very soon, so locking in a low mortgage rate now would be a great move allowing you to get the best home loan! Homes for Sale in Mount PleasantRight now, there is a great selection of homes for … (0 comments)
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So one of the questions asked of me lately is "what does it all mean?" How will the rate pricing change the industry? Will things slow down more? Is this the end of business as we know it? Are pigs growing wings as we speak?
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