business: Monday Market Update - November 1, 2010
- 11/01/10 06:31 AM
Happy Monday! A big week this week with mid term elections tomorrow. Please take time to vote and let your voice be heard! One of the biggest news items up for debate is the Fed's expected announcement of another round of Quantitative Easing (QE2) when it releases its statement this week. Remember, QE is the concept of the Fed becoming a heavy buyer of Treasuries and Bonds. This is done to artificially cause those security prices to move higher under the increased demand, which in turn will cause interest rates to move lower in the hopes of stimulating the economy … (0 comments)
business: Monday Market Update – October 25, 2010
- 10/25/10 06:12 AM
by. Melanie Cameron Happy Monday! I hope you had a wonderful weekend and were able to enjoy the great weather. I attended my 20th High School Reunion and was reminded how quickly time flys by! I attended another 2 day Short Sale education class last week and continue to be amazed how confusing the mortgage industry makes it for consumers to get good information about their options if they are in financial distress. The majority of homeowners that go into foreclosure never seek other alternatives and end up facing the consequences of a foreclosure on their credit for years to … (0 comments)
business: Monday Market Update – October 19, 2010
- 10/19/10 03:57 AM
Happy Monday! I hope you had a great weekend. The weather was beautiful here and Fall is definitely in the air! I came across a great check list that I wanted to pass on to anyone considering making a home purchase. The 10 Deadly Mistakes Buyers Make When Purchasing a Home: 1. Making an offer on a home without being prequalified 2. Not having a home inspection 3. Limiting your search to open houses, ads or the internet 4. Choosing a real estate agent who is not committed to forming a strong business relationship with you. 5. Thinking there is … (0 comments)
business: Monday Market Update – September 27, 2010
- 09/28/10 03:40 AM
Happy Monday! I hope you had a wonderful weekend and enjoyed the great weather! It appears that most Americans now have credit scores that are too low for them to qualify for the lowest rates on a mortgage loan, and nearly one in three are unlikely to get a loan on any terms, according to an analysis by Zillow. Zillow analyzed 25,000 loan quotes and requests on the Zillow Mortgage Marketplace during the first half of September, and found borrowers were unlikely to receive even one loan quote if they had a credit score of below 620 — even if … (0 comments)
business: Monday Market Update – September 21, 2010
- 09/21/10 03:48 AM
Happy Monday! Hope you had a great weekend! I read an article today that a bill was introduced in Congress last week, H.R. 6133 “Prompt Decision for Qualifications of Short Sale Act 2010″ that would require lenders to respond to consumer short sale requests within 45 days. In today’s environment, it’s not unusual for it to take 90 days or more to get a response from a lender if at all. The long wait for responses are resulting in buyers walking away from deals out of frustration and leaves a homeowner back to square one with their financial problem. Hopefully this … (1 comments)
business: 10 Reasons To Buy a Home
- 09/20/10 06:37 AM
A lot has been said about the real estate market in the past 2 years. 90% of it was negative. It has become increasingly difficult for homeowners to sell their homes. There’s a lot on the market and many homeowners are unwilling to lower their listing price to the current market value. It’s tough. Sellers need to sacrifice potential money in-pocket and lower their price or keep their home off the market and risk an even bigger loss later from a continuously declining market. However, there is always a silver lining. It’s a buyer’s market! The Wall Stree Journal recently posted … (1 comments)
business: Monday Market Update – September 8, 2010
- 09/08/10 02:05 AM
I hope everyone had a wonderful Labor Day weekend and enjoyed the great weather. In light of all that’s gone on in the mortgage industry in the past year, I wanted to make sure everyone knew what information/documentation is needed when you meet with a mortgage lender to get pre-approved for a loan. Before meeting with your loan officer, have ready to give him/her: *Full name and Social Security # (for all borrowers) *Residency – Address for last 2 years and monthly mortgage or rent payment *Employment history for the last 2 years, name and address of employer, title/position *Most … (0 comments)
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