In a time where some banks are on uncertain foundation and home prices are dropping, how do you know where and when to get your loan? This channel was created to help you, the consumer, find your footing in an otherwise unstable industry.
As promised, the New York Fed began purchasing mortgage and student debt on Monday, January 5th, in an effort to thaw frozen credit markets and restore confidence in the economy.
"This program, first announced on November 25, 2008, is intended to support the mortgage and housing markets and foster improved conditions …
News for Today:
Bonds opened in negative territory this morning while Mortgage Backed Securities (MBSs) opened in positive territory. Meanwhile, the stock markets opened in negative territory today.
The Dow opened down 63 points from Friday's close and is currently down 53 points
NASDAQ opened down 14 points from Friday's close …
Topic name: Investor Series: Understanding Egress Windows
A lot of investors ask what an egress window is and when one is needed. Technically, it's a window for a room below grade that a municipality has deemed large enough to be safe for exit in case of emergency. While there are some …
One of the top news articles in the Tri-Cities, Washington this year was in May when the Tri-Cities grabbed the attention of the U.S. Bureau of Labor and Statistics (BLS). The BLS ranked the Tri Cities 5th in the nation for having a high job growth of about 4.3% annually. This …
I usually stay out of the fray when it comes to people suggesting that as professionals, we commit loan fraud to make our lives a bit easier or to close a deal, but I have to speak out on this one.
In a recent post on this site, a mortgage broker/banker …
Many people are changing jobs these days and we are getting a lot of questions about how long someone must be employed before a lender will use their income. Here are the rules:-- If the borrower is paid as a W-2 employee (not self-employed), then an underwriter will only need to …
If you are trying to sell a $300,000 home in Wake County, NC - you just lost the opportunity to sell to hundreds of buyers.
The FHA loan limit in Wake County changed January 1, 2009 from $295,000 to $271,050.
FHA offers buyers one of the most flexible programs available, 3.5% …
For several of you that read my blogs, I try and do a FHA vs Conventional purchase comparison once every 3 months. I actually wrote this blog yesterday, FHA loans - cash-out - A comparison with conventional loans. I wanted to tell everyone of a new update on …
The twelfth Reverse mortagge benefit is probably the most important. It is the peace of mind that only a Reverse Mortgage can bring.
A Reverse Mortgage is the only loan that guarantees that you can stay in your home for as long as you want to. There is just nothing else …
The eleventh Reverse Mortgage benefit on my list is - Foreclosure Rescue.
This has come up a lot more lately. I am currently working on sevreal cases where the Reverse Mortgage will save their home and in all of the cases the existing lender is accepting a short-pay off with the Reverse Mortgage …
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
The mortgage industry estimates that over 60% of …
Loan Modification advance fees seem to be the subject of a big debate, but, in reality the rules are simple.
Before an NOD - brokers with no action letters from the DRE, and attorneys holding active licenses with the California State Bar can collect advanced fees.
After an NOD - only …
Qualified Veterans and Active Duty Military can obtain a loan of up to $417,000, or $550,000 in high-cost areas, with no money down 100% financing.
This is a fantastic program for our eligible military personnel who are looking for purchasing a home with as little down as possible, or consolidating debt …
As of October 2008 you are eligible to refinance your sub prime mortgage into a VA guarantee loan up to $729,000 and 100% LTV.
For more information pleae feel free to contact me. …
Here are the daily thoughts on floating or locking if you are asked by your clients.
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
WOW! Not only did the Fed drop its target of the Prime Lending rate …
Here are the daily thoughts on floating or locking if you are asked by your clients.
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The Empire Index released this morning showed manufacturing in NY to be lower …
I received a number of requests for additional updates and I'm feelin' the love! Glad I'm catching your eye out there and providing some value to you and yours. Now that we're through the holidays I will resume my (almost) daily posts on mortgage rate movement.
Last week we saw a …
What Are Philadelphia Mortgage Rates Based On?
Philadelphia mortgages are a mystery to those who have never applied for a mortgage loan. The most asked question:
What are Philadelphia mortgage loan interest rates based on?
Technically, a number of factors can influence a Philadelphia mortgage loan interest rate. However, the two …
Colorado Mortgage Broker Licensing
In response to the troubled national real estate market and Colorado's high volume of home foreclosures, efforts have increased to make higher caliber professionals involved in real estate. Licensing, rules and regulations have become more stringent for agents, appraisers, title companies and mortgage brokers. In regards …
Investing in Real Estate 6 - Lease Options
This blog will discuss a type of real estate investment, lease options, in the South Park Hill area in Denver.
What this investment is: A lease option (L/O) is Acquiring control of a property (though not necessarily ownership), then leasing the property …
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
