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29th September 2009
The National Real Estate Perspective
Each month I write an article explaining various aspects of national real estate market trends and the market trends within my local region, the Tidewater/Hampton Roads area of Virginia. Over the last six months I h... Read >
Author: inayat16th September 2009
Thirty year fixed rate mortgages are one of the most popular financing options for homes. There are advantages and disadvantages to a thirty year fixed rate loan. Before deciding if a 30 year fixed rate mortgage is right for you, it is important to unders... Read >
Author: Mike Cole02nd September 2009
For those of you who are new to mortgages or new to the process of applying for a home loan, this article will be a valuable resource to introduce you to the basic fixed rate mortgage. This is one of the easier mortgages to understand and also relatively ... Read >
Author: Brian Armstrong21st August 2009
Mortgage rates rose again this week. This is the third time in the last 4 weeks that mortgage rates have risen. Why are mortgage rates rising? There are numerous factors at play but generally once the economy recovers it's expected that inflation, and ... Read >
Author: Robert Palmer10th August 2009
The 40 year mortgage makes monthly home payments more affordable, especially in areas where the real estate prices have skyrocketed. It is an attractive tool for homeowners who might otherwise be priced out of the housing market entirely.
In order to ... Read >
Author: Marcilio David10th August 2009
Everyone Wants a Lower Price, But What About the Impact of Interest Rates?
When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It's important to keep in mind, however, that the sales price is n... Read >
Author: John Jarvis05th August 2009
The 40 year mortgage makes monthly home payments more affordable, especially in areas where the real estate prices have skyrocketed. It is an attractive tool for homeowners who might otherwise be priced out of the housing market entirely.
In order to ... Read >
Author: Marcilio David03rd August 2009
Equity is attached to your home; thus, the home equity loans are loans that utilize the home as a ticket to security when offering loans. The lender will force the homebuyer or homeowner to put up his home as collateral when applying for an equity loan. T... Read >
Author: Jewell Hardin01st August 2009
The 5 Year arm dropped from 4.83 to 4.74 this week reaching a low for the year. What is interesting is that we have moved back to a normal state when comparing the 4 major mortgage products to each other. Earlier this year the 5 year arm fell below the ... Read >
Author: Robert Palmer28th July 2009
Bad credit mortgage loans make the American dream of home ownership a possibility even for people with less than perfect credit scores. Subprime loans (also called second chance lending) are usually granted to people with credit scores of less than 680. ... Read >
Author: Marcilio David25th July 2009
Bad credit mortgage loans make the American dream of home ownership a possibility even for people with less than perfect credit scores. Subprime loans (also called second chance lending) are usually granted to people with credit scores of less than 680. ... Read >
Author: Marcilio David15th June 2009
Who is a good candidate for a home loan refinance? Obviously a consumer who is paying more in interest than the current interest rate that is being advertised. General wisdom dictates that a homeowner should consider refinancing when interest rates drop b... Read >
Author: Lender41129th May 2009
After moving down for the last 3 weeks mortgage rates finally started to move up. The 30 year rate jumped from 4.78 (equaling the all time low) to 4.84. This is the highest the 30 year rate has been since April 9th. The other 3 major mortgage rates ro... Read >
Author: Robert Palmer11th May 2009
Mortgage rates moved down slightly this week. Even though rates didn't move much this week we are still sitting just a hair above all time lows thanks to the drop from last week. This week the 30 year rate dropped from 4.82 to 4.80. The all time low wa... Read >
Author: Robert Palmer08th May 2009
The two true real estate investor types, Rent Savers and Cashflow Investors, move in to a market and create a bottom when comparative rents come into alignment with the total cost of ownership. Rent Savers enter the market and begin purchasing real estate... Read >
Author: Robert Bell05th May 2009
Looking back now as we approach the end of April, this was an active month for the real estate scene. Here are some of the highlights of the April housing scene – some good, some not so good:
Short Term Interest Rates Exceed Long Term:
Finally for... Read >
Author: Lauren Kline02nd April 2009
In the past 30 years, interest rates have flowed significantly in a financial tide of Bad Credit Home Refinance. Near the beginning of the 1980s, for example, rates for traditional 30 year, fixed rate mortgages were around 18 percent. Right now, though, w... Read >
Author: james sapp25th March 2009
It seems lenders forget basic facts about lending every so often and create a new financial bubble. Perhaps they succumb to the pressure of the investment community or their own shareholders, or perhaps they just start believing their own "innovation" mar... Read >
Author: Robert Bell10th March 2009
No matter if you are trying to mortgage your home or trying to buy a home, you must know in the market today the two most common mortgage rates known as a Fixed Rate Mortgage (FRM) and the Variable or Adjustable Rate Mortgage (ARM).
There are many bene... Read >
Author: Liza06th March 2009
The regulatory solution proposed herein is simple, yet far reaching. It comes in two parts, the first is to limit the amount lenders can loan to borrowers with a rather unique enforcement mechanism, and the second is to increase the penalties for borrower... Read >
Author: Robert Bell18th February 2009
What happens when stores have too much inventory? They have a sale, of course! It could be more than a price reduction. Perhaps they'll offer buy one get one free deals, or buy this sofa and get a free coffee table.
The world of new home real estate i... Read >
Author: Nelson Stewart16th February 2009
If you are thinking about buying a home, getting pre-approved for a mortgage loan can determine your maximum home price and loan amount that you can get, based on your credit scores, income, and down payment. It can save time and effort in your home searc... Read >
Author: Rick Smith16th February 2009
One way or the other most of us have mortgaged our home and in these crunching times, it’s more and more difficult to pay our annual percentage rate or APR. However, current trends indicate that mortgage rates have been dropping to record lows. Now is a... Read >
Author: Robert Palmer03rd February 2009
Mortgage rates for the most part held steady this week. The 30 year rate dropped from 5.12 to 5.10. Rates are still at historic lows. The rates for the last month have all been below anything we have seen in the last 40 years since we started tracking ... Read >
Author: Robert Palmer30th January 2009
On a positive note in the housing market, 2009 opened with an increase in home sales for the month of December in most regions.
Sales by region included:
- Midwest: increased by 4.0 percent
- South: increased 7.4 percent
- West: increased 13... Read >
Author: Tina Fountain20th January 2009
A debt free house is every homeowner's dream. But how do you pay off a mortgage fast?
"There are few things in this life that equal the sensation of being paid up." - Kin Hubbard, Abe Martin's Back Country Sayings, 1917
I'll never forget my disbelie... Read >
09th January 2009
In early December 2008, the Chief Economist and Senior VP of Research and Economics for Mortgage Bankers Association said, "At this rate we are looking at finishing 2008 at about 2.2 million foreclosure actions started." With such high numbers of foreclos... Read >
Author: Josh Sloan09th January 2009
Your FICO score determines the interest rate you'll pay for a home mortgage or a car loan - the higher the score, the better the rate offered. But the minimum score to obtain the best rates has gone up, while the average consumer's score has remained stat... Read >
Author: Mike Clover08th January 2009
Different Mortgage Products and Their Terms
Knowing full well that one size does not fit all when it comes to home mortgages, the lending industry has devised a number of different loan products that enable the majority of loan applications to qualify fo... Read >
Author: Lender41106th January 2009
In the past 30 years, interest rates have ebbed and flowed significantly in a financial tide of home mortgage offerings. Near the beginning of the 1980s, for example, rates for traditional 30 year, fixed rate mortgages were around 18 percent. Right now,... Read >
Author: Lee Keadle19th December 2008
The Housing and Economic Recovery Act of 2008 authorizes a new FHA mortgage refinance program called HOPE for Homeowners (H4H) program effective from October 1, 2008 through September 30, 2011. The FHA H4H is a program designed to assist borrowers at risk... Read >
Author: Joel McLaughlin18th December 2008
Are you a good borrower who has struggled recently with late mortgage payments because your adjustable loan was reset to a high rate, or because of a temporary financial hardship?
The good news is that you may be able to take advantage of an FHA Secur... Read >
Author: Rick Smith08th December 2008
Homeowners often keep their mortgages 5 to 10 years and then refinance their loan to lock into a lower interest rate. By refinancing for a lower interest rate they can save many thousands of dollars over the course of their loan. Many people bought homes ... Read >
Author: Jimmy Chuang08th December 2008
There is a fixed rate mortgage loan for every budget. Often people are renting their homes because they feel they cannot afford to buy a home, which isn’t true. If you can afford a rent payment every month, then you can afford to take out a mortgage and... Read >
Author: Jimmy Chuang04th December 2008
There are many advantages to borrowing with a 15 year fixed mortgage rate. Securing a loan with a 15 year fixed mortgage rate is the best option for many borrowers because the amount of interest paid over the term of the loan is about half of that with a ... Read >
Author: Jimmy Chuang02nd December 2008
The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week.
For some positive news this marks the third week in a row where mortgage interest rates went down. Th... Read >
Author: Robert Palmer23rd October 2008
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the ... Read >
Author: Robert Palmer21st October 2008
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Scenario:
I locked a fixed rate mortgage with XYZ Company for 6%. The closing costs came out to be 5.5K and no additional fees or points were charged.
When I got the Truth-in-lending disclosure, the APR came out to be 6.85%. I called my lender... Read >
Author: Samantha21st October 2008
In an ideal world, everyone would have lump sums of cashing floating around and have the ability to just drop $100,000 down on a house or $25,000 down on a new car. We can't all be rich, but the United States allows us to live like we are through a system... Read >
Author: MIKE SELVON13th October 2008
Experts agree that if the government does not bailout certain players within the financial industry by passing the $700 billion bailout plan, the already bleak looking housing market will only get worse. The numbers of people facing property repossession ... Read >
Author: Robert Palmer23rd September 2008
Scenario:
I have been recently approved for a 2/28 ARM with 5 year interest-only period and received a commitment letter. I filed bankruptcy 3 years ago but my spouse, the co-borrower has good credit, about 730. The mortgage company said the loan would... Read >
Author: Samantha08th September 2008
Contemplate 1934.
America is swallowed up in The Great Depression. Out of every ten households, only four own their own homes.
The normal mortgage is limited to 50% of the home's value. If you want to buy a home, that means you must come up with a 5... Read >
05th September 2008
US veterans will now have a shot at buying an affordable home through the help of the Department of Veterans Affairs (VA). Honorably discharged veterans, active-duty personnel, and surviving spouses can benefit from the VA mortgage guarantee program, whic... Read >
Author: zeusjohn03rd September 2008
Finding the best home mortgage terms for you can save you a lot of money, as well as untold headaches. When you look for a home mortgage you'll want to look both online and with a mortgage broker to find the best mortgage terms The most common mortgage te... Read >
Author: bryan28th August 2008
You need to enlist a bad credit mortgage broker who can work with you to get you well on the road to long-term financial success and into your own home. These specialists understand bad credit, and they know what needs to be done to restore your financial... Read >
Author: Sadhana21st August 2008
Profit from these 8 valuable steps to finding the best mortgage lender. Learn why searching for a mortgage company has changed and effective ways for protecting your credit from too many searches.
Friends ask me all the time how to find a mortgage lend... Read >
12th August 2008
ARM mortgage loans or Adjustable Rate Mortgages are loans that have an interest rate that "adjusts" after an initial fixed rate period. How often arm mortgage loans adjust, depends on the terms of the loan.
Adjustable rate mortgages are considered to b... Read >
Author: Anthony Pace29th July 2008
Mortgage Broker vs. Mortgage Banker (aka Direct Lender) – Which is better?
If you have ever financed the purchase of a home or refinanced such a loan, chances are that you used the services of a mortgage banker or mortgage broker.
What’s the d... Read >
Author: A Ferguson06th June 2008
Scenario:
I'm at 65 and would like to repair my home. The approx cost of repairs is $75000 and I'm yet to pay for $255,000 of home equity loan balance. Should I refinance with an interest-only loan for low payments or get a reverse mortgage or do you t... Read >
Author: Samantha23rd May 2008
A Special Report on How to avoid them and save thousands of dollars.
1. How they choose their lender, many people make the mistake of calling on an advertisement or calling their current lender, thinking it will require less documentation (appraisal, t... Read >
01st May 2008
There are numerous ways with which you can save thousands of dollars in interest. Who wouldn't want to amortise their mortgage loans as fast as possible with little interest paid? Here are some tips to reduce your mortgage loan and save on the interest pa... Read >
Author: Equity Plus 14th April 2008
There is a lot of talk out there right now about what sort of loans are good and which are bad, but it really isn't that simple. If the financial market was this simple we would all have the same credit scores, the same homes, and the same buying power bu... Read >
Author: ajeetkhurana04th April 2008
We have all become a little complacent about the six percent mortgage interest rate; it has been there for quite a while now. No need to jump on it - yet - let's see what the realty market is doing.......is this your take on it?
Well, one of the country'... Read >
Author: Mark Hostetler28th March 2008
We believe the headlines are wrong about Las Vegas Real Estate. As a consumer or investor interested in Las Vegas Real Estate, we would recommend turning off that constant drumbeat of negative media about Las Vegas Real Estate. And, ignore the big picture... Read >
Author: John Sern23rd January 2008
There are cities in the U.S where apartment rents are as high, or higher than house payments – but Atlanta apartments and communities are not among them. In fact, there are plenty of great deals in terms of affordable apartments in Atlanta today, and ma... Read >
Author: Anne Harvester21st January 2008
Some small balance commercial loans can be more like residential loans in that they are more flexible than traditional commercial mortgages. These types of loans can offer both fixed and adjustable rates with up to a 30 year term for both owner occupied a... Read >
Author: William K. Matthews, Investment News Editor30th October 2007
When it comes to home mortgage financing, there are plenty of options. When you talk to your mortgage lender about the possible financing options, get detailed explanations about how each financing program works and get those explanations in writing.1. Co... Read >
Author: Liz Lunn27th September 2007
The financial markets have been going through a difficult time over the past few weeks. We have watched the Dow Jones Industrial Average post some large swings including days when it moves several hundred points in a single day. The financial markets ar... Read >
Author: Julie Jalone13th September 2007
An all too familiar site continues on courthouse steps across the state of Virginia as homes in foreclosure continue to go on the auction block. Earlier this month it was reported that foreclosure filings in Virginia have increased more then 300 percent t... Read >
Author: Tired Dad Of Four11th September 2007
Listening to all the commercials on television and radio makes it appear that there is a home loan for anybody that wants one. For the most part, there is a home loan option for almost anybody. Having acceptable credit, of course, is a key element but str... Read >
Author: Alan10th September 2007
Have you heard that the current mortgage crisis could affect you? • What can you expect if you happen to have an “adjustable rate” mortgage or a subprime loan? • What does the term “credit crunch” mean?These and many other questions are the to... Read >
Author: loanguy16th August 2007
Refinancing as a way to improve a bad credit situation is nothing new. What is new is the range of refinancing options now available to homeowners. Here are the three most popular types of non-traditional bad credit mortgages:
1. Interest-Only Mortgage... Read >
Author: Mike Hamel08th August 2007
Three out of four borrowers who enter the foreclosure process leave it through something other than a forced foreclosure sale or auction. They bring their loans up to date through payment arrangements worked out with the lien holders; they refinance their... Read >
Author: Mike Hamel02nd August 2007
One of the biggest contributors toward personal peace is financial peace. Sometimes it is assumed that financial peace is only for those with endless amounts of money. In actuality, you can be financially secure at almost any income level. Avoiding common... Read >
Author: Emma Snow26th July 2007
Copyright � 2007 Ed Bagley
A sharp rise in the delinquency of subprime mortgages has caused lenders to tighten up their standards and actually reject applications.
Should you attempt to refinance your present mortgage or seek a new mortgage, your ... Read >
Author: Ed Bagley05th July 2007
A Bank is a Business and they make their money on Markup just like any other business. In the Case of a Bank Loan the Markup is really the Spread (Difference) in the interest rate the bank pays and the interest rate the bank receives. So the loans with th... Read >
Author: Kevin Carden18th June 2007
For the past few years refinance fever has been struggling with a strong desire to get the lowest possible rate in a downturn environment. Many homeowners chose an adjustable rate mortgage so as to continue enjoying lower rates even in the near future.
... Read >
Author: Kuntal Mehta06th May 2007
Interest rates have been slowly rising over the last few months, and the experts are predicting that the rise is not over. It is still possible to find a low interest loan. With the right credit history, the best down payment, and the right terms, you c... Read >
Author: Kathryn Lang03rd May 2007
All loan options are not the same; there are huge differences in them with respect to the options they provide. Sometimes with all these features it becomes very difficult to choose the loan option that could be ideal for you. In order to make the process... Read >
Author: AdamHeist25th April 2007
AVOIDING EXPENSIVE SPOKANE MORTGAGE MISTAKES
It is clear that most home buyers are more comfortable with the popular 30 year fixed-rate mortgage. However, most of these homeowners do not remain in this Spokane mortgage beyond the first 5 years. This ... Read >
Author: stick parsons27th March 2007
As the eastern most of the lower 48 states, Maine is nearly in a category all of its own with more French speaking residents then any other state. Having more in common with neighboring Canadian provinces Quebec and New Brunswick, Maine is also one of the... Read >
Author: AdamHeist12th March 2007
If you are interested in paying less money for your mortgage, you are probably trying to lower your mortgage payment. There are a few different ways you can lower your monthly mortgage payment. You can change the term of your mortgage. Since the balance... Read >
Author: groshan fabiola05th March 2007
It is simple mathematics: Most homeowners are only comfortable with a 30 year fixed rate mortgage. Most homeowners do not have their mortgage for longer than 5 years. Therefore, most homeowners are paying thousands of dollars in additional interest just b... Read >
Author: Michael Sanborn09th February 2007
What is Negative Amortization?
The term "negative amortization" refers to the potential for your loan amount to increase over time - in other words, you might have reverse or "negative" amortization. These loan programs allow you to pay less that the f... Read >
Author: Jim Kemish01st February 2007
One of the best tax breaks that the United States Tax Code allows for
is the deduction of mortgage interest and property taxes paid on one=s
personal primary residence. Over 66% of Americans enjoy the benefits
of this tax break. The purchase of a ... Read >
Author: Nef Cortez29th December 2006
Copyright � 2006 Ed Bagley
The next time you go borrowing, and your friendly banker smiles as you walk into his office, be aware that you may be snookered by someone not worthy of your trust. If your banker is an attractive woman, then you are even m... Read >
Author: Ed Bagley16th November 2006
If you jumped at the chance to save money with an Adjustable Rate or Interest Only mortgage in the last few years, the recent drop in mortgage interest rates should be a welcome reprieve. Over the summer months of May, June, and July, interest rates st... Read >
Author: Chuck Aikens15th November 2006
What are the different kinds of home loans or mortgages?
A fixed-rate mortgage has an interest rate that remains the same for the length of the loan. If you are planning on remaining in your home for a long time, a 30-year-fixed rate, for example, ma... Read >
Author: William Griffith17th October 2006
If you are looking for a loan your bank is unwilling to offer
(such as a 90% mortgage with a 30 year fixed rate) you may want to look outside the bank.
Traditional bankers have a working knowledge of the products that their bank may offer,
but a mortga... Read >
Author: vijay kumar31st August 2006
Since the Federal Reserve has increased the interest rates 17 times in the last few years, it is safe to say that the "refinance boom" has officially passed. As a result, second mortgage loans are more popular than ever. Many homeowners have been blessed... Read >
Author: Lynda Nelms26th June 2006
What Is A Mortgage?
Mortgages.
The mortgage industry is a big and influential field, affecting the lives of a large number of the population. Like many other specialist fields, the mortgage industry has its own language; it is sometimes difficult to e... Read >
Author: Ian Major04th June 2006
Copyright 2006 Emma Snow
One of the biggest contributors toward personal peace is financial peace. Sometimes it is assumed that financial peace is only for those with endless amounts of money. In actuality, you can be financially secure at almost any i... Read >
Author: Emma Snow02nd March 2006
About one in every five individuals is not able to sustain a standard mortgage because of bad credit past or the present poor fiscal condition. Designed especially to help such people are the BAD CREDIT MORTGAGES. These mortgages are for people with a bad... Read >
Author: Carleton Carl20th February 2006
No bubble-bursting is in sight for real estate sales in this new year of 2006. This is now expected to be the second best year in history for residential property sales, according to analysts at the National Association of Realtors. "Home sales are coming... Read >
Author: Jim Woodard14th January 2006
Will My Children Be Able to Afford a Home?
The achievement of homeownership for many has been a cornerstone of their financial stability. Many baby boomers have found themselves property "rich" as property values have continued to skyrocket in the last... Read >
Author: Nef Cortez09th December 2005
If you're getting ready to apply for your first home loan, you're going to need to understand the home loan basics.
Home Loan Basics
When you go to apply for a home loan, you need to understand the terminology. Let's start with the most basic of te... Read >
Author: Dan Lewis24th November 2005
The most popular method of financing a home purchase is with a mortgage. This is a loan that is secured over the home.
There are a number of different mortgage suppliers and you will have to shop around in order to get the best deal. Given that your hom... Read >
Author: Joseph Kenny17th November 2005
Shopping for a house is probably the most significant financial decision that you will make in your life. When you shop for your home by first attaining a home mortgage quote, your decision becomes even more momentousyou need to perform a balancing act b... Read >
Author: Paul Lerner
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