point pleasant: 2008 THE YEAR OF FHA
- 12/27/07 12:57 AM
2008 THE YEAR OF FHA REASONS FHA WILL BE HUGE IN 2008REASON #1 : T0 AVOID HIGHER RATESYour clients can avoid the new Risk Based Pricing* now being charged for Conventional Loans .* The following Risk Based Pricing is now being charged on Conventional loan with less than 30% down: 1. Credit Score below 620 add 2 points or about 7/8% higher to the rate 2. Credit Score 620-639 add 1.75 points or about 3/4% to the rate3. Credit Score of 640-659 add 1.25 points or about 1/2 % to the rate 4. Credit Score of 660-670 add .75 to points or about 1/4% … (0 comments)
point pleasant: RENT VS. BUY
- 11/27/07 03:57 AM
WAITING ON A FRIEND I thought I would share this real life scenario.I have a friend that is planning to rent a home even though he is more than qualified to buy . However, he wants to "wait out the market" So, I started to think about the cost of rent, the tax write offs he would be missing, and the lost opportunity for equity growth, and thought, why wait? I entered his data into a rent versus buy calculator on Yahoo to see what the results would be. Here are the facts I entered: For Renting Rent is going to … (1 comments)
point pleasant: Where is the market headed? - Expert Real Estate Opinions (Bad ones)
- 11/13/07 02:03 AM
60 Years of Bad Real Estate Predictions Lets keep today's "expert opinions" on real estate in perspective.The Santa Barbara Association of Realtors put out this information some time ago:The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." (Time, December 1, 1947)"Houses cost too much for the mass market. Today's average price is around $8,000-out of reach for two-thirds of all buyers." (Science Digest, April 1948) "The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." … (2 comments)
2008 THE YEAR OF FHA 
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