northwest indiana: Existing Home Sales Plummet In December, But It Was Expected - 01/26/10 01:40 AM
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Just one month after from blowing away Wall Street, December's Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low.
Don't be alarmed, though. The plunge was expected. And not just because Pending Home Sales cratered last month.
When November's Existing Home Sales surged, it was clear to observers that an expiring $8,000 federal tax credit was the catalyst. At the time, the tax program was slated to expire November 30 and the … (0 comments)

northwest indiana: Housing Permits Spike For The Second Straight Month - 01/22/10 04:49 AM
<!-- This material is non-exclusively licensed to Larry Penilla and may not be copied, reproduced, or sold in any form whatsoever.--> A "Housing Start" is a privately-owned home on which construction has started. It's an important gauge of housing health because it tracks new housing stock nationwide.
In December 2009, starts fell by nearly 7 percent.
The news is mildly disappointing but not too bad. The likely cause for the Housing Starts drop is December's rough weather conditions. It's tough to break ground when Mother Nature won't coordinate and last month was especially hazardous in a lot of parts of the … (0 comments)

northwest indiana: Spring 2010 FHA Guidelines Make Borrowing Tougher and More Expensive - 01/21/10 01:43 AM
<!-- This material is non-exclusively licensed to Larry Penilla and may not be copied, reproduced, or sold in any form whatsoever.--> Securing an FHA mortgage in Northwest Indiana is about to get more expensive.
In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials.
For consumers, the changes mean higher costs.
As listed in the official announcement, there are 3 major guideline updates for the FHA:
Upfront mortgage insurance premiums are increasing to 2.25% from 1.75% Minimum … (0 comments)

northwest indiana: What's Ahead For Northwest Indiana Mortgage Rates This Week: January 19, 2010 - 01/19/10 11:00 PM
<!-- This material is non-exclusively licensed to Larry Penilla and may not be copied, reproduced, or sold in any form whatsoever.--> Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound.
Luckily for rate shoppers, mortgage rate momentum was favorable. Rates were slightly lower Monday through Thursday before breaking downward Friday afternoon. Home shoppers this past weekend caught a nice break.
Last week marked the second straight week in which mortgage rates fell.
This week, in holiday-shortened trading and with little economic … (0 comments)

northwest indiana: RealtyTrac's 2009 Foreclosure Report Gives Reason For Optimism - 01/16/10 08:41 PM
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Like real estate, it appears that foreclosure activity is a local phenomenon, too.
As reported by RealtyTrac.com, more than half of all foreclosure-related activity in 2009 came from just 4 states:
California Florida Arizona Illinois More than 1.4 million filings made in 2009 are attributed to the above states. Furthermore, each ranks in the Top 10 for 2009 Foreclosures Per Capita.
The other states are Nevada, Utah, Georgia, Idaho, Michigan and Colorado.
Versus 2008, foreclosures are up 21 percent … (1 comments)

northwest indiana: Retail Sales Dropped In December And Now So Are Mortgage Rates - 01/14/10 03:35 AM
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Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck.
Excluding motor vehicles and parts, December's "ex-auto" sales receipts were down roughly $500 million from November. Analysts had expected receipts to grow.
The relevance of Retail Sales to home affordability isn't obvious, but it's definitely logical.
Retail Sales is directly related to consumer spending and consumer spending accounts for the majority of the U.S. economy. When … (0 comments)

northwest indiana: 10 Cities For Home Bargains - 01/13/10 04:35 AM
-- This material is non-exclusively licensed to Larry Penilla and may not be copied, reproduced, or sold in any form whatsoever.--

As the housing market improves across the country, certain cities are emerging as relative bargains.  Some areas, like Miami, were hit hard by the recession, and other areas are buoyed by good school systems and strong labor markets.
In this 5-minute video from The Today Show, 10 cities are highlighted for their home prices.  And they're not "small towns", either. 
Among the featured cities:
South Bend, Indiana Akron, Ohio Tuscon, Arizona Minneapolis, Minnesota Trenton, New Jersey Now, this … (1 comments)

northwest indiana: Search for Homes in Northwest Indiana - 11/27/09 05:40 AM
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northwest indiana: "You Must Be Willing to Participate in Your Own Rescue!!!" - 02/09/09 01:14 PM
"You Must Be Willing to Participate in Your Own Rescue!" I don't know where I heard this. But it resonated with me. You know...I got it instantly! I've repeated this many times since. Some get it. Some don't. And some resent it -- usually, those are the same individuals that are part of the problem. If you're just standing around waiting for your own financial rescue to fall from the sky and hit you in the head...I'm sorry you just don't deserve to be rescued! At least move to the line for free bread and cheese. I can't say I'm unhappy … (1 comments)

northwest indiana: Are Politics and Gas Prices Affecting Real Estate Sales? - 06/01/08 02:00 PM
Are Politics and Gas Prices
Affecting Real Estate Sales?
 
In a word...
 
ABSOLUTELY!
 
When people are uncomfortable, nervous, scared, uncertain...the thing they do best is...
 
 
NOTHING!
 
Which makes a slow economy even slower. I just read the headline on Market Watch:
 
“Unsold Houses On U.S. Market Hit 23-Year High”
 
So What Can You Do About It?
 
Decide that you're going to refuse to participate in the recession. Truth is, it’s not that bad all over. There are markets that are doing fine. Those that adopt this attitude are the winners and survivors … (6 comments)

northwest indiana: Attention: Parents - Protect Your Children...Know Your Neighbors - 04/03/08 09:44 AM
Attention: Parents
Protect Your Children - Know Your Neighbors
 
 
This site was developed by John Walsh from Americas Most Wanted. You may want to see how close these people live to your home or school and spread the word. Some may even want to show their children these pictures.
 
When you visit this site you can enter your address and a map will pop up with your house as a small icon of a house. There will be red, blue and green dots surrounding your entire neighborhood. When you click on these dots a picture of a criminal will appear with … (2 comments)

northwest indiana: New FHA Mortgage Limits For Most of Northwest Indiana!!! - 03/07/08 09:15 AM
New FHA Mortgage Limits For Most of Northwest Indiana!!!
With as little as Zero down (with approved down payment assistance programs e.g. Ameridream, Nehemiah, CHAPA, etc.) the new FHA Limits will allow you to sell more homes that have typically been out of reach for some first time homebuyers and some move-up buyers. Please, call (219) 865-0505 x305 or (800) 278-6819 x305 for more information.






Larry Penilla 219-865-0505 x305
Larry@LarryPenilla.com 800-278-6819
www.LarryPenilla.com

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northwest indiana: FHA, VA, & 97% Conventional Home Loans in Northwest Indiana Now @ 5.125%! - 02/19/08 03:34 AM

FHA, VA, & 97% Conventional Home Loans in Northwest Indiana Still @ 5.125%! The best in government backed mortgages provided for you by a local loan officer with 21 years and thousands of Real Estate transactions experience Northwest Indiana. Don't be duped into a Sub Prime loan or novice loan officer. Call a pro to save time and money.
This is strictly a First Time Home Buyer program for Northwest Indiana homebuyers. Some unscrupulous lenders use this program strictly to bait and switch homebuyers into more profitable loan programs. Most lenders do not participate in this program because it's extra work … (1 comments)

 
A&M Mortgage Group:  Larry Penilla, Northwest Indiana Mortgages - Home Loans (A&M Mortgage Group)

A&M Mortgage Group: Larry Penilla

Northwest Indiana Mortgages - Home Loans

Merrillville, IN

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A&M Mortgage Group

Address: 8585 Broadway Suite 600, Merrillville, IN, 46410

Office: 219-794-0600 x241

Mobile: (219) 765-1630

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