fannie mae: Still Waiting to Refinance? Why Gamble with Interest Rates?
- 09/09/08 06:01 AM
The credit crisis got a much needed shot in the arm this week with the government takeover of Fannie Mae and Freddie Mac. Immediately we saw a nice improvement to interest rates as well as many sectors of the stock market. Nobody knows if this is going to be the answer to the housing crisis, but we do know that rates are much lower than they have been in months, so maybe now is the time.
Within the next few months, over 1.2 trillion dollars in mortgages are about to reset. Many of these customers have been waiting and gambling … (0 comments)
fannie mae: Get Pre-Qualified Prior to Shopping for Your Next Home
- 08/17/08 03:37 AM
A good idea for many homebuyers, regardless of their location is to get pre-qualified for a loan. The process is easy, and can help avoid a the heart break of finding the perfect home, and then finding out out your lender can't offer you financing.
The internet has allowed new homebuyers the luxury of looking for houses at any time of the day with the point and click of a mouse. Countless websites list properties with all of the amenities and many sites will give a "virtual tour". The allows the prospective home buyer to see what the interior and … (0 comments)
The credit crisis got a much needed shot in the arm this week with the government takeover of Fannie Mae and Freddie Mac. Immediately we saw a nice improvement to interest rates as well as many sectors of the stock market. Nobody knows if this is going to be the answer to the housing crisis, but we do know that rates are much lower than they have been in months, so maybe now is the time.;)
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