What? Haven’t you heard that the housing slump is over with? You must be seeing the same news reports I am aren’t you? News reporters expounding that both the new and pending home sales are up. Come on everybody let’s Read the rest of this entry »
Tags: august 1, california real estate, common sense, darn minute, first time buyer, Foreclosure, foreclosures, households, housing slump, human nature, matter of fact, new home sales, news reporters, news reports, perspective, rd quarter, reality check, truth
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October 14th, 2009 in Foreclosure, Mortgage Loan
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I’m sure many of you have heard over the past few weeks, or maybe even saw some of the advertisements touting that FHA will now allow First-time Home buyers to use the Read the rest of this entry »
Tags: $8000 tax credit, bank, borrower, bridge loan, bush administration, closing costs, escrow, fha guidelines, fha loan, fha loans, first time home, first time home buyer, first time home buyers, HUD, lender, lenders, loan, mortgage, original 3, profit agencies, Purchase A Home, state and local government, Stimulus Package, tax credit, time home buyer, time home buyers, Title, what this means
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July 5th, 2009 in FHA, HUD, Mortgage Loan, Purchase A Home, Stimulus Package
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Many potential borrowers have been hearing encouraging news lately in regards to the real estate market. In fact, today the numbers were released for construction spending and pending home sales showing an increase in both. Other economic indicators over Read the rest of this entry »
Tags: bernake, billions, borrowers, construction spending, economic indicators, encouraging news, fed chairman, fed funds, federal reserve, feds, geithner, hype, inflation, infusion, interest rate, Interest Rates, joint economic committee, loan, lows, mortgage, mortgage backed securities, oversight committee, pending home sales, rapid pace, Refinance, sixes, testimony, treasury, treasury secretary, trillions
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May 15th, 2009 in Interest Rates, Mortgage Loan, Refinance
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For many borrowers it has been a long and hard road over the past months to try to refinance their homes. Credit has been tight, mortgage companies are making it harder every day to qualify for a Read the rest of this entry »
Tags: 105% ltv, 125 ltv, adjustable rate mortgage, borrower, borrowers, cltv, conforming loan, conforming loan limits, Fannie Mae, fannie mae refinance plus, insurance, interest rate, investment property, investor, loan, loan officer, loan payments, loan program, mae loan, monthly mortgage payment, monthly mortgage payments, monthly payment, mortgage, mortgage companies, mortgage insurance, mortgages, refi, refinancing, subordinate financing
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April 28th, 2009 in Fannie Mae, Home Affordable Act, Housing Recovery Acr, Interest Rates, Mortgage Loan, Refinance
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“Seize the day, and put the least possible trust in tomorrow.”
Horace quotes (Ancient Roman Poet. 65 BC)
The above words were never more true in today’s mortgage climate. As I mentioned in my previous blog, “Refinance and Purchase Why Not Wait?”, I explained why it was not wise to wait to lock in a rate at this time. There are many of you who are still on Read the rest of this entry »
Tags: 3 years, ancient roman poet, banking system, climate, congress, credit report, economic crisis, Fannie Mae, fence, Freddie Mac, freddie mac underwriting guidelines, horace, instances, interest rate, lender, lenders, loan, loan application, loan officer, mortgage, necessary documentation, pre-qualify, Purchase A Home, Refinance, senate, Stimulus Package
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February 26th, 2009 in Credit Score, Fannie Mae, Freddie Mac, Interest Rates, Loan Process, Mortgage Loan, Purchase A Home, Refinance, Stimulus Package
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Every month the mortgage industry and also the federal government report on whether mortgage applications have increased or decreased. Since the government has started purchasing loans, interest rates have fallen into Read the rest of this entry »
Tags: 30 year fixed, acquisitions, anticipation, banks, borrower, borrowers, bottom lines, chief executives, credit cards, daily basis, dream home, federal government report, governments, high interest, higher interest rates, inflation, interest rate, Interest Rates, lenders, lending institutions, loan, losses, mortgage, mortgage applications, mortgage industry, option arm, option arm mortgages, Purchase A Home, Refinance, Tarp, what this means
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January 22nd, 2009 in Interest Rates, Mortgage Loan, Purchase A Home, Refinance, Stimulus Package, Tarp
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Many of you may remember when the Fed issued the statement that they would be taking over Fannie Mae and Freddie Mac that interest rates dropped 5/8 to 3/4 of a point overnight. That had been a drop from 6.50% Read the rest of this entry »
Tags: 30 year fixed, adjustable interest rate, borrowers, current rates, different story, fannie freddie, Fannie Mae, fannie mae and freddie mac, federal reserve, Freddie Mac, gnma, good time, housing market, Interest Rates, loan, lower interest rates, mortgage, mortgage backed securities, perfect home, pre-approval, pre-approved, Purchase A Home, Refinance, refinancing
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December 10th, 2008 in Fannie Mae, Freddie Mac, Interest Rates, Mortgage Loan, Purchase A Home, Refinance
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Everyday one can’t pass a TV or newspaper stand without seeing a story on the spiraling economy, home prices, or employees losing their jobs. You hear it on the radio, standing in line for a coffee and even in restaurants. The latter is what provoked Read the rest of this entry »
Tags: 401 k, 401k, borrowers, businessmen, coffee, consequences, credit card bills, credit card payments, credit cards, dire straights, economy, fraud, frustration, interest rate, lifetime, loan, local restaurant, lunch, mortgage, Mortgage Fraud, mortgages, possible solution, stock investments, telling the truth
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November 23rd, 2008 in Credit Score, Mortgage Fraud, Mortgage Loan
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Over the past year, there have been numerous failures in the banking and lending industries. Even the government tried with it’s own feeble attempts to help borrowers with several failed programs such as Hope Now and Read the rest of this entry »
Tags: billions of dollars, borrowers, Credit Score, debt to income ratio, Fannie Mae, fannie mae and freddie mac, feeble attempts, fixed rate, Freddie Mac, hope now, housing market, instances, interest rate, loan, LTV, mortgage, mortgage interest rates, option arm, option arm loans, recovery act, takeover
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September 28th, 2008 in FHA, Housing Recovery Acr, Mortgage Loan, Stimulus Package
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There has been much hoopla about the changes that have been made for the past year in regards to Fannie Mae, Freddie Mac and FHA. Freddie and Fannie have created Agency Jumbos along with FHA creating it’s own FHA Jumbo loan program. Loan limits have been raised to Read the rest of this entry »
Tags: 100% ltv, adjustable loan, conforming loan, Credit Score, down payment, Fannie Mae, FHA, Freddie Mac, loan, mortgage, private mortgage insurance, recovery housing act 2008, Stimulus Package
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September 5th, 2008 in Conforming Loans, Credit Score, FHA, Fannie Mae, Freddie Mac, Housing Recovery Acr, Mortgage Loan, Purchase A Home, Refinance, Stimulus Package, VA
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