Since November 9th, mortgage rates have continued to drop. November 25th mortgage rates hit an all time low at 4.375%. For the past 6 days straight, mortgage bonds have worsened and worsened causing mortgage rates to climb every single day. Did we see this coming? YES! Will rates continue to tick higher? YES! Will we see 4.375% again? Most likely not. Although, wouldn't it be nice to refinance your 5.5% (extremely high rate loan, HAHA) into another low 4.5% loan? YESSSS! Contact your local mortgage lender and check to see if refinancing is … (1 comments)
northstar mortgage group: Northstar Mortgage Group
- 11/09/09 04:16 AM
Northstar Mortgage Group provides home loans to borrowers that are looking to purchase residential property in the southeastern United States. Justin Messer is a Xinnix certified Loan Officer with Northstar Mortgage Group. He has also been designated the ActiveRain Georgia Confirmed Loan Officer.
At Northstar Mortgage Group, we provide all sorts of residential mortgages. Peachtree City, Georgia real estate financing includes USDA Rural Housing Loans (up to 102%) FHA 3.5% down Loans Conforming Loans (High credit scores) 30 year fixed rate loans 15 year fixed rate loans Fixed rate ARM's (currently in the 3's) Vacation home loans Jumbo home loans … (0 comments)
northstar mortgage group: History proves that low interest rates will not last forever!
- 04/28/09 08:04 AM
Mortgage rates over the past year have been very volatile yet very low! Each month, we seem to hit an all-time new low. One year ago, mortgage rates for the 30 year fixed rate was at 5%. As soon as this rate came out, there was an unbelievable rush to get closed or refinanced as soon as possible. Today, the new lows are in the low to mid 4's. Now, borrowers think 5% is WAY TOO HIGH and believe they should wait for lower rates. Typically, when new lows are reached, the market almost immediately pulls back to higher levels. As … (0 comments)
northstar mortgage group: USDA "Officially" increases income limits for purchase and refinance loans!
- 04/19/09 03:44 PM
Tomorrow, April 20th, is the day that the U.S Department of Agriculture increases its maximum income requirements to qualify for Rural Development Guaranteed home loan program. This increase is long over due. Technically, USDA is at least a month late in the increase. The new income limit will allow so many for buyers of primary residences the ability to qualify for a USDA insured home loan. Currently, the income requirements are structured on a "per member" household. Tomorrow, Monday, April 20th, the income limits will be transformed into a two-tier system. For borrowers that are looking to purchase a primary residence, … (1 comments)
northstar mortgage group: Obama's NEW Refinance Program for Depreciated Homes!!!
- 04/17/09 08:28 AM
Many of Obama's housing refinance plans are still being worked on and might possibly fail to happen. However, one program just became available to current home owners who have had trouble refinancing their current primary residence or second home due to market depreciation. Many refinance transactions are turned down due to high LTV's (Loan to Value). Any 95% or higher is unacceptable. Anything greater than 80% to 95% requires mortgage insurance. NOT ANY MORE WITH THIS PROGRAM! WHO IS ELIGIBLE? Borrowers who are CURRENT on their mortgage payments and are having trouble refinancing because market depreciation has increased their loan-to-value which has made them … (0 comments)
northstar mortgage group: Realtors can show buyers how to build great wealth with zero money down!
- 01/13/09 07:43 AM
Obviously, the real estate market has many great deals. For those that have the money, there are so many opportunities. So, are the wealthy the only ones that can afford to take advantage of all the fantastic deals out there. NO! Typically, for an investor to purchase a property at a foreclosure sale, or at the court house steps, they must have cash on hand to purchase the foreclosed property. Or, if an investor plans to purchase a home to flip or to create cash-flow as a rental, then they typically need 20-25% down to get a loan. For the general … (0 comments)
northstar mortgage group: Here is a great way to fix the real estate industry!!!
- 12/16/08 11:42 AM
Exactly a week ago, I read an article USA Today posted by the concerned citizen Dennis F. Paulaha. He makes one of the greatest points and offered an incredible solution to halt our downward spiraling economy. His idea states that the US government offer every US citizen a 30-year fixed rate mortgage of 1.5%. All financially qualified (new standards) citizens could have the ability to finance a current or new mortgage at this low interest rate. Currently, the government is lending billions of dollars to firm across the country at low interest rates. Why not lend it to the people. Paulaha believes … (0 comments)
Georgia Mortgage Rates for December 4th, 2009. 
;)
;)
;)
