After falling for most of the month of July Mortgage interest rates jumped up. And not only did they move up they jumped to the highest levels we have seen in 2008. 30 Year rates jumped from 6.26 to 6.63 last week. To put that in perspective for the entire month of [...]
Posted in Blogging | Tagged 2008, highest, in, jump, level, Mortgage, rates, seen, to, up
No body likes to have a bad credit history. You just land into it either without even realizing its harm or due to uncontrollable circumstances like sickness, accident or any other mishap. Does that mean you are now shunned from all the benefits available to a normal borrower and you will be now forced to [...]
Posted in Blogging | Tagged bad, cash, consolidation, credit, crunch, debt, in, Mortgage, savior
When it comes to financing or re-financing a home, families with stay-at-home moms may have difficulty based on the fact that one spouse has little or no visible income.
This leads some financiers to try and swing loans or re-finances that are easier to approve initially, but may be detrimental to the homebuyer in the long [...]
Posted in Blogging | Tagged and, equity, Financing, Home, Loans, refinancing
If you want to stop foreclosure now there are many things you can request to the bank or lender if you want to keep your home. The things you can do include a reinstatement plan, repayment plan, loan modification, loan refinance, loan forbearance, and more. If you really want to keep your home you should [...]
Posted in Blogging | Tagged basic, can, do, foreclosure, now, stop, things, to, you
On 7/30/2008 President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners, to the shoring up for Fannie Mae and Freddie Mac.
The wires [...]
Posted in Blogging | Tagged and, bill, housing, mortgages, reverse, seniors
Getting the best mortgage rate is the topmost factor on everyones mind while applying for a home loan. There are many lenders who are willing to give you good deals. There are also some who will seem to charge you less but have many hidden costs. You have to be careful when choosing your [...]
Posted in Blogging | Tagged and, best, get, how, Mortgage, one, rate, to, when
People building a custom home, whether acting as an owner builder or hiring a licensed general contractor, often have to be reminded of one simple, vital point: look at the big picture.
Owner builders, especially, have a chance to save tens of thousands of dollars being their own general contractor and managing the construction project themselves. [...]
Posted in Blogging | Tagged a, big, builder, common, construction, losing, mistake, of, owner, picture, sight, the
In an effort to find more and more assistance with the current real estate problems, Freddie Mac and Fannie Mae are in talks with the Treasury, White House officials and the Federal Reserve. In essence, both Freddie Mac and Fannie Mae are looking for ways to give additional financing for the struggling mortgage companies whose [...]
Posted in Blogging | Tagged and, are, fannie, finding, freddie, help, mac, mae
Many homeowners these days are going through the mortgage foreclosure process. Most of them usually end up filing for bankruptcy in an attempt to save their properties from being auctioned off. The bankruptcy option is actually the process least understood by a lot of homeowners. It is also the least popular at that. However, this [...]
Posted in Blogging | Tagged bankruptcy, can, foreclosure, process, stop, the