encinitas: Some Suggestions And Strategies For Obtaining The Right Mortgage
- 09/11/07 11:17 AM
How to get the best possible mortgage for your home buying. This is a tight and tougher market for obtaining a mortgage. Many potential home buyers are asking this question - and also how to obtain a good mortgage if they want to refinance. If a borrower applies for an adjustable rate mortgage the banks and lenders use fully indexed interest rates and may decline them if the borrower cannot afford that fully indexed monthly payment. So, while the first year or first several years may be lower payments - they qualification is based on the higher payment of when the interest … (1 comments)
encinitas: Mortgage Tax Deductions At Risk
- 09/10/07 04:13 PM
Congress is proposing to target homes that are larger than 3,000 square feet. Their idea is to entice people to conserve energy. Therefore, they are talking about eliminating the mortgage-interest tax deductions for houses larger than 3,000 square feet. Rep. John Dingell, Chairman of the House Energy and Commerce Committee, has proposed and made this part of a bill that will introduce a "comprehensive climate change reform legislation. It includes eliminating this deduction-limiting provision."Such a law is essential to reduce carbon emissions by 60 to 80 percent by the year 2050," he said. "In order to address the issue of climate … (4 comments)
encinitas: Federal Aid From FHA For Mortgage Borrowers
- 09/10/07 04:01 PM
The President has announced new initiatives to assist borrowers who may be in trouble with mortgages that are considered to be high-risk type of loans. Federal Housing Administration - FHA - is planning to help the borrower/homeowners who have a good credit history, but possibly won't be able to or cannot afford their mortgage payments. They are going to help these people refinance into mortgages that will be insured by FHA. "The markets are in a period of transition as participants re-assess and re-price risk," the president said. "This process has been unfolding for some time and it's going to take … (0 comments)
encinitas: Entry-Level Housing Affordability is at 24 Percent In California
- 08/30/07 04:08 PM
The average of households that could afford to buy a home considered as an entry-level home in California is 24 percent Last year, in the second quarter of 2006 it was at 23 percent. This Affordability Index percentage is stated from the California Association of Realtors (R). First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. The California Association of Realtors (R) reports first-time buyer indexes for different regions and selects certain counties within the state. This Index is the most fundamental measure of housing well-being for first-time buyers in the state. The High Desert region was … (1 comments)
How to get the best possible mortgage for your home buying. This is a tight and tougher market for obtaining a mortgage. Many potential home buyers are asking this question - and also how to obtain a good mortgage if they want to refinance. If a borrower applies for an adjustable rate mortgage the banks and lenders use fully indexed interest rates and may decline them if the borrower cannot afford that fully indexed monthly payment. So, while the first year or first several years may be lower payments - they qualification is based on the higher payment of when the interest … (1 comments)
;)
;)
