lending: Thoughts for a Tuesday Afternoon
- 01/17/17 01:54 PM
Good Afternoon, We are now 17 days into the New Year...Here is a beginning of the year market update: Pre-Qualification vs Pre-Approval and closing your purchase loan in less than 2 weeks in this current market... Call me for more details NOW @ (650) 409-5918! See the video on my Business Facebook Page: http://bit.ly/2jWj3tB Find me on YELP: http://bit.ly/2k1QLC1 All the best, Michael Haigh | Branch Manager NMLS#200819 … (2 comments)
Thank you as always for the opportunity to be of service!All the best, Michael HaighBranch Manager - NMLS# 200819 650.409.5918 (New Direct Phone #) 415.269.4461 (Cell) 1860 El Camino Real, Suite 250, Burlingame, CA, 94010
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lending: What's Ahead For Mortgage Rates This Week : June 7, 2010
- 06/14/10 07:40 AM
Rate shoppers caught another break last week as mortgage markets improved on weak jobs data. The May Non-Farm Payrolls report fell well short of expectations while ongoing jobless claims rose. The two combined to cast doubt on the speed of the U.S. economic recovery, hurting stocks and helping bonds. Conforming and FHA mortgage rates dropped for the fifth time in six weeks and, once again, rates are trolling back near all-time lows. No doubt you've heard that before -- "mortgage rates at all-time lows". Mortgage rates have dipped to these levels four times in the last 19 months. However, on each … (0 comments)
lending: The Fed's April Minutes Push Mortgage Rates Even Lower
- 05/20/10 05:33 AM
After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It's good news for home buyers and would-be refinancers. Mortgage rates continue to troll along multi-year lows. "Fed Minutes" are lengthy, detailed recaps of Federal Open Market Committee meetings, not unlike the minutes you'd see after a corporate conference, or condo association gathering. The Federal Reserve publishes Fed Minutes 3 weeks after each respective FOMC get-together. The Fed meets 8 times annually. Because of the minutes' content and density, it's of tremendous value to Wall Street and … (0 comments)
lending: How Can I Prepare My Financials for Buying a Home?
- 03/25/10 09:07 AM
The state of your financials is an important part of applying for a loan. Nowadays we are back to the basics of full disclosure of all income and assets. Stated income or overstating your income are not going to work and will not pass underwriting. This is actually a positive move in the right direction as recently there were too many people on all sides of transactions that did not disclose material facts, and because of this many people have lost or are losing their homes. So, what do we need? Just remember the “two's.” Most lenders will need the last … (2 comments)
lending: What Should I Expect from My Lender and My Real Estate Agent's Relationship?
- 03/11/10 03:22 AM
The relationship between your lender and agent is extremely important when purchasing a home. The new market environment has many more regulations, hoops and sharp turns and everything relating to your home purchase should be correct and accurate up front. The lender doesn't want any surprises, like a seller credit the day before the lender is supposed to draw loan documentation, since surprises can cause delays which can prevent meeting important deadlines. Not meeting these deadlines can have consequences for the buyer, from losing your deposit to not being able to purchase the home at all! Having an agent and a … (0 comments)
Please check out our new website at www.michaelhaighteam.com. I have a blog there as well that will be actively updated with important and useful information for realtors and home buyers/sellers. it can be found at http://www.michaelhaighteam.com/lender-blog/. Also if you check out our facebook page at www.facebook.com/michaelhaighteam or our twitter stream @mortgagetwirp you can find out how we're celebrating our website and how you could win a Sony Webbie HD Camcorder!
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