pay it forward financial: Maybe some hope for the Subprime Crisis
- 09/05/08 06:37 AM
Date: 09/04/2008 Ocwen Financial Corp. (OCN), one of the nation's leading subprime mortgage providers, has reported that delinquencies have decreased throughout the summer on the subprime mortgages it handles. The decrease seems to be as a result of the company's technology enhanced loan modification program. Such reports reflect a light at the end of the tunnel in the middle of the subprime crisis and reveal a potential sensible approach to keeping homeowners in their homes while protecting both lenders' and investors' income. OCN reports that delinquency rates in the 60, 90, and 90+ categories have either decreased or remained level over … (0 comments)
pay it forward financial: Will I save money going directly to a mortgage lender?
- 06/19/08 07:46 AM
Not necessarily. In fact, if you are a reasonably astute shopper, you will probably do better dealing with a mortgage broker. Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender. Furthermore, because mortgage brokers deal with multiple lenders -- in a typical case, 25 to 30, sometimes more -- they can shop for the best terms available on any given day. In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such as loans … (2 comments)
pay it forward financial: When does it make sense to refinance?
- 06/19/08 07:32 AM
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:Calculate the total cost of the refinance Calculate the monthly savings Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, … (0 comments)
pay it forward financial: Supporting Local Business's
- 06/17/08 09:20 AM
Please check out our website at www.piffinancial.com then click on the "Proud Partners" tab and you will find a page that looks similar to this. We will be constantly adding new business's to this section so check back frequently. You will also find many other useful resources at www.piffinancial.com. If you have any questions please feel free to give us a call at 925-828-0302. Also, any comments to help us improve our website are greatly appreciated. Please don't be scared to call, we are a no pressure brokerage and we will not hound you to refinance or buy real estate.
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pay it forward financial: Gas Saving Tips!
- 06/17/08 08:58 AM
Drive Sensibly Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower your gas mileage by 33 percent at highway speeds and by 5 percent around town. Sensible driving is also safer for you and others, so you may save more than gas money.
Avoid Excessive Idling Idling gets 0 miles per gallon. Cars with larger engines typically waste more gas at idle than do cars with smaller engines.
Use Cruise Control Using cruise control on the highway helps you maintain a constant speed and, in most cases, will save gas.
Visit www.piffinancial.com/mortgagenews.php for more information. … (2 comments)
pay it forward financial: Helpful Calculators and Booklets for Home Owners & Home Buyers
- 05/27/08 09:03 AM
Booklets 33 Ways To Sell Your Home Fast Home Buyers Handbook Credit Scoring Booklet Equity Management Booklet Reverse Mortgage Booklet Pre-Lending Package Calculators Mortgage Calculator Interest-Only Calculator How Much Can I Save by Consolidating My Debt? Amortization Calculator Bi-weekly Calculator For more information, give us a call at 877-771-7377 or check out our website at www.piffinancial.com. If you are thinking about purchasing a new home or if you have any questions about refinancing the home you are living in now, give us a call, we can help! … (2 comments)
pay it forward financial: Fannie Mae Lowers Down Payment Requirement to 3%
- 05/19/08 07:07 AM
Fannie Mae announced this week that it will lower the amount of down payment it will require for single-family conforming home loans. Starting June 1st buyers will only be required to put a 3% down payment however the home they are purchasing will need to be their primary residence. "We've been working on ways to meet the market's need to recover," said Marianne Sullivan, Fannie Mae's senior vice president in charge of single-family credit policy and risk management. "This new down-payment policy reinforces our goal to support successful homeowning, not just homebuying, as we seek to bring liquidity to all communities … (3 comments)
pay it forward financial: Credit Tips - Improve Your Score
- 05/19/08 05:42 AM
Eight Quick Credit Tips to Combat the Credit Crunch •1. Apply for business credit cards Most people don't realize that over 90% of business credit cards do not get reported to personal credit reports. If they are not reported, they are not scored, period. Many people run their businesses from their personal credit cards and as a result their credit score suffers. You don't need a big company to get approved for a business credit card; it is much easier to get approved than most people think. Once approved, you can move your personal credit card debt over to the business … (0 comments)
pay it forward financial: Mortgage Applications Rise For A 2nd Week!
- 05/16/08 03:57 AM
Positive news is always a good thing to hear with the current market conditions! In its weekly mortgage application survey the Mortgage Bankers Association reported Wednesday that application rose for the second consecutive week. The 2.9% rise for the week ending May 9th was mostly attributed to an increase in refinance requests. As mortgage rates fall more and more homeowners are looking to refinance their current home loans. Refinance loans have become so popular that they account for more than 48% of all mortgage applications. The average interest rate for a 30-year fixed mortgage fell from 5.91% last week to 5.82% for this week. … (1 comments)
pay it forward financial: Mortgage News
- 04/21/08 04:27 AM
In line with analysts' expectations, consumer prices pushed 0.3% higher in March after being unchanged in February, the Commerce Department reported April 16. Core consumer inflation, which excludes food and energy costs, rose 0.2% in March. Over the past 12 months, consumer inflation is up 4%, reflecting relentless gains in energy costs, which are up 17% over that period, and food prices, which are up 4.4%. At the wholesale level, producer prices rose 1.1% in March, almost triple the 0.4% rise economists had expected. Core wholesale inflation, which strips out energy and food costs, rose just 0.2%, down from a 0.5% … (0 comments)
pay it forward financial: Mortgage News
- 04/11/08 07:00 AM
AN INSIDER'S VIEW FROM THE CAPITAL MARKETS COOPERATIVE TRADING DESK:"Is the worst of the credit crisis behind us? Was Bear Stearns' capitulation the last straw? It sure feels like it. The Fed has shown its willingness to prevent disaster. Voices from Merrill Lynch to S&P say that the worst losses have been taken. Credit spreads on everything from corporates to munis to mortgages are tightening. Banks are raising capital and the stock market is rallying. And if the mortgage-to-Treasury spread is any measure of the industry's health, we're on the way back in a big way.Since March 6th, fixed mortgage rates … (1 comments)
Date: 09/04/2008;)
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