conventional loans: www.lasvegasmtg.com Report: The Untold Truth About Par Rate
- 03/07/11 12:00 PM
www.lasvegasmtg.com Report: The Untold Truth About Par Rate By John Le Francois www.lasvegasmtg.com Report: The Untold Truth About Par Rate is different for each individual borrower! Investopedia.com defines Mortgage Par Rate as: An interest rate used as the reference point for which a Mortgage Lender will neither pay a rebate ( Yield Spread Premium or Negative Points ) or require discount points for a Mortgage. With the definition from Investopedia.com we have as the basis that a Par Rate would be a zero YSP and a zero cost to the borrower. In today's market a Par Rate is as unique to each borrower … (2 comments)
conventional loans: www.lasvegasmtg.com Report: Fannie Mae Relaxes rules on time of purchase after a Pre Foreclosure Sale
- 05/31/10 02:41 PM
www.lasvegasmtg.com Report: Fannie Mae Relaxes rules on time of purchase after a Pre-Foreclosure sale has been announced and will be effective after July 1, 2010. Guidelines for Underwriters to follow after a Pre-Foreclosure Sale Or a Deed in Lieu of Foreclosure have always been in place, but the waiting period has changed over the years. In 2006 the waiting period went from 3 years to 5 years before one would be able to purchase a home after a Pre-Foreclosure Sale or Deed In Lieu Foreclosure. Then in 2008 the guidelines were relaxed to 4 years to purchase a home. In April … (2 comments)
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