homes in toledo: Home Buyers Need a Plan
- 02/03/12 02:41 AM
First-time homebuyers face many challenges even before they get the house keys: getting approved for a mortgage, finding the right agent, searching for the perfect home, and staying within a budget. With planning, they can avoid mistakes that might jeopardize a deal. Many decide to buy when they feel ready for a mortgage. But just because they can afford mortgage payments doesn't mean they can afford a home, said New York attorney Rafael Castellanos, a managing director at Expert Title Insurance. "They have an idea of what their mortgage payment is going to be, but they don't realize there's much more … (0 comments)
homes in toledo: Administration Announces Refinance Program for Underwater Borrowers
- 01/11/12 04:33 AM
Administration Announces Refinance Program for Underwater Borrowers It’s official. The Federal Housing Finance Agency (FHFA) unveiled a new, revamped government mortgage refinancing program Monday. The initiative involves a series of rule changes to the Home Affordable Refinance Program (HARP) to allow more underwater homeowners to reduce their mortgage debt by taking advantage of today’s rock-bottom interest rates. Mortgages backed by Fannie Mae and Freddie Mac, and originally sold to the GSEs on or before May 31, 2009 are eligible for the program. Under the revised HARP guidelines, the 125 percent loan-to-value (LTV) ceiling has been eliminated. Previously, only borrowers who owed … (1 comments)
homes in toledo: Are we missing what's important?
- 12/09/11 02:47 AM
On a cold January morning in 2007, at a Washington DC Metro Station, one of the greatest musicians in the world played six Bach pieces on a violin worth $3.5 million dollars for about an hour. One of the pieces he played is one of the most intricate pieces of music ever written.While he played, approximately 2,000 people went through the station, most of them on their way to work. After about 3 minutes, a middle-aged man noticed that there was a musician playing. He slowed his pace and stopped for a few seconds, and then he hurried on to meet … (4 comments)
First-time homebuyers face many challenges even before they get the house keys: getting approved for a mortgage, finding the right agent, searching for the perfect home, and staying within a budget. With planning, they can avoid mistakes that might jeopardize a deal.
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