interest rates: I Don't Know....You Decide!
- 06/12/12 03:19 PM
Real Estate News: Do We Need Freddie Mac and Fannie Mae? There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie Mae and Freddie Mac. Many people following the housing market have wondered, why do we need Freddie Mac and Fannie Mae at this stage in the game? According to Reuters, lawmakers on both sides of … (0 comments)
interest rates: Once Qualified, Stay Qualified
- 04/12/12 05:32 AM
6 Don’ts After You Apply For A Mortgage Once you are qualified for a mortgage, you want to stay qualified. The following are items to think about when making decisions during the buying process. 1. Don’t deposit cash into your bank accounts. Lenders need to source your money and cash is not really traceable. Small, explainable deposits are fine, but getting $10,000 from your parents as a gift in cash is not. Discuss the proper way to track your assets with your loan officer. 2. Don’t make any large purchases like a new car or a bunch of new furniture. New … (3 comments)
Real Estate News: Do We Need Freddie Mac and Fannie Mae?
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