mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Arizona vacation financing NOW available for British Columbia residents
- 04/06/11 05:22 AM
So financing options are now available for Canadians who wish to purchase vacation homes in Arizona. Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate. Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets. However up until now you could only obtain one home and only pay cash! Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for … (0 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Arizona vacation home financing NOW available for Alberta Residents
- 04/06/11 05:16 AM
So financing options are now available for Canadians who wish to purchase vacation homes in Arizona. Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate. Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets. However up until now you could only obtain one home and only pay cash! Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for … (0 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Canadian Loans now available in Arizona
- 04/06/11 05:13 AM
So financing options are now available for Canadians who wish to purchase vacation homes in Arizona. Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate. Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets. However up until now you could only obtain one home and only pay cash! Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for … (1 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: 6.8million homes are now delinquent!
- 03/29/11 06:27 AM
New data released by Lender Processing Services (LPS) Monday show that while delinquencies continue to decline, an enormous backlog of foreclosures still exists with overhang at every level. As of the end of February, foreclosure inventory levels stood at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time, according to LPS. Ultimately, these foreclosures will most likely reenter the market as REO properties, LPS notes, putting even more downward pressure on U.S. home values. The company reports that the average U.S. loan in foreclosure right now has been delinquent for a record 537 … (5 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: What exactly is going on with the 30 year fixed mortgage
- 03/27/11 08:18 AM
So I thought I would write about something that just happened to me with a client. The complaint was my rates at 4.75% should be lower and that rates were going down - the client was so adament that as a mortgage professional of 16 years I started to doubt myself! So can anyone see from this graph rates going down? Are rates not the lowest they have been in recorded history? So if anyone knows something I haven't figured out do let me know. I tried as best I could to assuage the client but he was going to go … (3 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Tax Time is coming what can you deduct for home ownership?
- 03/25/11 04:24 PM
If you own your primary residence or possibly a second home, you already know that you may be able to take advantage of federal tax deductions. First things first: you must itemize your deductions on a Schedule A for these homeowners' deductions to apply. If you take the standard deduction, you can't take a deduction on mortgage interest. Here's the Internal Revenue Service (IRS) rule: For primary residences and vacation homes, you can deduct interest paid on up to $1 million of acquisition debt--mortgages taken to buy, build or improve your home or homes. You can deduct up to half of … (7 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: I want more Foursquare Badges
- 03/21/11 05:39 AM
As I teach a class on using Foursquare in MY mortgage business and show Real Estate Agents how to apply it to theirs, I am often asked what do the badges mean and how do I get more badges. So I thought it appropriate to give a link to a site I found that lets you know what badges are availabkle and how to get each type as they come on line. Proving once again this free Foursquare product is a great way to build a brand, have fun and engage, entertain, educate clients so that they trust you and will engage you … (5 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Interest Rates this week Whats Up? What's Down?
- 03/21/11 03:03 AM
What’s Ahead For Mortgage Rates This Week : March 21, 2011 Mortgage markets improved again last week despite an inflation-acknowledging statement from the FOMC and stronger-than-expected jobless data. Usually, events like this would lead mortgage rates higher, but violence in the Middle East and worsening fear for public safety in Japan took center stage instead, spurring a massive, global flight-to-quality instead. Rate shoppers in Phoenix benefited. As safe haven buying increased last week, conforming mortgage rates dropped, falling to their lowest levels since January. It marked the 5th straight week through which mortgage rates improved and is the longest such streak since August 2010. This week, rates may … (0 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Good News For Sellers
- 03/21/11 03:00 AM
Good News For Sellers — Housing Starts Plummet In February Single-family housing starts plunged unexpectedly last month. Nationwide, starts fell 12 percent from the month prior; and 29 percent from February of last year. February’s figures represents the worst 1-month drop in housing starts since May 2010 — the month that followed the expiration of last year’s federal home buyer tax credit — and puts single-family housing starts at a 24-month low. In addition, single-family Building Permits plunged last month, too, shedding 9 percent from January. A building permit is a local government’s certification and approval to begin home construction. … (1 comments)
If you want to know the difference between conventional mortgages and Federal Housing Administration (FHA) financing, the first item up for discussion is typically the cost of each loan. For instance, the Wall Street Journal tells us that “conforming mortgages, or those that can be bought by Fannie Mae or Freddie Mac, commonly require higher down payments than FHA loans require. The catch to an FHA-insured loan is that you’ll pay more in fees.” Later the Journal explains that “borrowers don’t face those costs on a conforming mortgage with 20% down.” (See: FHA Powers What’s Left of the Home … (0 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: So what exactly did the FED say yesterday?
- 03/16/11 03:11 AM
A Simple Explanation Of The Federal Reserve Statement (March 15, 2011 Edition) Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0. In its press release, the FOMC noted that since its January 2011 meeting, the economic recovery “is on firming footing”, and that the labor markets are “improving gradually”. In addition, household spending “continues to expand”. Nonetheless, the Fed said, the economy remains constrained by rising commodity prices and the “depressed” housing sector. The FOMC statement also re-affirms … (2 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Buying HUD a home Answers you need to know!
- 03/14/11 11:37 AM
I am blessed to teach continuing education hours for my agent partners - one of my favorite classes is Buying and Selling HUD homes in 2011 also has the highest number of questions of any of my classes - so I thought I would blog about it to help those of you out there... Here are the unique anomalies that trip agents up all the time, so hang on here goes: What if the home has an empty pool what do I do? Pools can remain empty and do not need to be covered or filled in. Pools receive no … (2 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: Mortgage Rates will be Volatile this week hold on!
- 03/14/11 03:00 AM
What’s Ahead For Mortgage Rates This Week... Mortgage markets improved last week in a week of few economic releases. The one major data point — Retail Sales — showed stronger-than-expected, but markets reacted mildly. The report’s strength was whispered in advance of the actual release; its reading validated Wall Street’s growing faith in the U.S. economy. Most action last week revolved around the Middle East: Libya’s internal turmoil continued Bahrain clashes intensified Saudi Arabia’s citizens planned a Day of Rage In response to these events, Wall Street continued its flight-to-quality. Mortgage-backed bonds are now at their best levels since early-February. Mortgage rates have improved … (1 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: My Experience with ActiveRain
- 03/11/11 09:30 AM
I am entering this contest not to win the Ipad2 it's 330 arizona time and I already have mine. But to share with others how powerful it has been for me as a mortgage planner in helping increase agents business. What other medium in one week can get agent partners to react this way: Just wanted to say that you're a friggin ROCK STAR!!! I just got my first lead using your system - he'll be calling you soon for a pre-qual. His name's John Esposito. Self-employed flooring guy. Short sold his home 3 years ago, and said he's been a good … (1 comments)
So what are we looking at here? Well this is an average daily hit count of ActiveRain and Epropertysites, What it illustrates is the … (4 comments)
mark taylor hud fha va usda jumbo and conventional mortgage loans in arizona and california: HAMP could get the BOOT
- 03/09/11 11:14 AM
HAMP IS ON THE CHOPPING BLOCK by Jann Swanson Last week a House Financial Services Subcommittee voted to eliminate two programs designed to mitigate the impact of the housing meltdown. Republicans on the Committee voted unanimously to shut down the Emergency Homeowner's Loan Program (EHLP) and FHA's Short-Refinance Option. EHLP is not scheduled to go into operation until next month and the Short-Refi program got off to a slow start and has, as yet assisted only a few homeowners but also has cost $0 in federal monies. The next two housing recovery efforts on the chopping block: HAMP and the Neighborhood … (0 comments)
April 15 is the traditional due date for federal income taxes. It's a deadline so ingrained in the American psyche that the April 15 calendar date is often called, simply, "Tax Day". In 2011, however, federal taxes aren't due April 15. They're due April 18. It's because of a combination of holiday, calendars, and tax law. The change centers on Emancipation Day. Emancipation Day is a public celebration in the District of Columbia. Named a holiday in 2005, Emancipation Day honors President Abraham Lincoln's April 16, 1862 signing of the Compensation Emancipation … (2 comments)
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