The Housing Slump Is Over! What?
October 6th, 2009
What? Haven’t you heard that the housing slump is over with? You must be seeing the same news reports I am? News reporters expounding that both the new and pending home sales are up. Come on everybody let’s jump in now before it is too late! For the past few months that’s all the news Read the rest of this entry »
Posted in Foreclosure, Purchase A Home | 
Tags: august 1, borrowers, california real estate, common sense, darn minute, default, first time buyer, Foreclosure, foreclosures, home owners, home prices, households, housing slump, human nature, matter of fact, monthly payments, new home sales, news media, news reports, notice of default, pending home sales, perspective, Purchase A Home, rd quarter, real estate, reality check, realtor, realty check, truth | 
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Use $8000 Tax Credit For FHA Downpayment? Close But No Cigar
July 5th, 2009
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 stimulus packages $8000 tax credit as a down payment for Read the rest of this entry »
Posted in FHA, HUD, Loan, Mortgage, Purchase A Home, Stimulus Package |
Tags: 401k, advertisements, bridge loan, Bush, bush administration, closing costs, escrow, fha guidelines, fha loan, fha loans, first time home, first time home buyer, first time home buyers, HUD, lenders, obama, original 3, profit agencies, state and local government, Stimulus Package, tax credit, time home buyers, time homebuyer, what this means |
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Refinancing At Low Interest Rates Coming To An End
May 15th, 2009
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 Read the rest of this entry »
Posted in Interest Rates, Loan, Mortgage, Refinance |
Tags: bernake, billions, borrowers, economic indicators, encouraging news, fed chairman, fed funds rate, federal reserve, feds, geither, higher interest rates, hype, inflation, infusion, Interest Rates, joint economic committee, lows, mortgage backed securities, oversight committee, rapid pace, sidelines, sixes, treasury secretary, trillions |
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Fannie Mae Refinance Loan Program To Help Borrowers
April 28th, 2009
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 Read the rest of this entry »
Realize You Must Seize the Day
February 26th, 2009
“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 Read the rest of this entry »
Posted in Credit Score, Fannie Mae, Freddie Mac, Interest Rates, Loan, Loan Process, Mortgage, Purchase A Home, Refinance, Stimulus Package |
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, lenders, loan application, loan officer, necessary documentation, rate quotes, senate, Stimulus Package |
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Why Not Wait To Refinance Or Purchase A Home
January 22nd, 2009
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 Read the rest of this entry »
Posted in Interest Rates, Loan, Mortgage, Purchase A Home, Refinance, Stimulus Package, Tarp |
Tags: 30 year fixed, acquisitions, anticipation, banks, borrowers, bottom lines, chief executives, credit cards, daily basis, dream home, federal government report, governments, high interest, inflation, Interest Rates, lenders, lending institutions, losses, lower interest rates, mortgage applications, mortgage industry, option arm mortgages, Tarp, what this means |
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Fed Intervention Lowers Interest Rates
December 10th, 2008
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 Read the rest of this entry »
Posted in Fannie Mae, Freddie Mac, Interest Rates, Loan, Mortgage, Purchase A Home, Refinance |
Tags: adjustable interest rate, borrowers, current rates, different story, fannie freddie, Fannie Mae, fannie mae and freddie mac, Freddie Mac, gnma, good time, housing market, Interest Rates, mortgage backed securities, perfect home, Purchase A Home, Refinance, refinancing |
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Mortgage Credit Card Fraud What Could It Hurt?
November 18th, 2008
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 Read the rest of this entry »
Posted in Credit Score, Loan, Mortgage, Mortgage Fraud |
Tags: 401k, bankruptcy, borrowers, businessmen, child support, coffee, collection accounts, consequences, credit card bills, credit card payments, dire straights, economy, Foreclosure, fraud, frustration, interest rate, lifetime, Loan, loans, local restaurant, lunch, mortgages, possible solution, stock investments, tax leins, telling the truth |
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Mortgage Interest Rates Fall-For Now
September 28th, 2008
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 Read the rest of this entry »
Posted in FHA, Housing Recovery Act, Interest Rates, Loan, Mortgage, Purchase A Home, Refinance, Stimulus Package |
Tags: billions of dollars, borrowers, Credit Score, debt to income ratio, Fannie Mae, fannie mae and freddie mac, feeble attempts, fhasecure, fixed rate, Freddie Mac, housing market, instances, interest rate, ltv, mortgage interest rates, option arm loans, takeover |
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Who Knew VA Had A Jumbo Loan?
September 5th, 2008
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 »
Posted in Conforming Loan, FHA, Fannie Mae, Freddie Mac, Housing Recovery Act, Jumbo Loans, Loan, Mortgage, Purchase A Home, Refinance, Stimulus Package, VA |
Tags: 100% LTV, adjustable loan, army, army.navy, congress senate, economic recovery act, Fannie Mae, FHA, first time home, first time home buyers, Freddie Mac, guaranty, hoopla, Jumbo Loans, jumbos, loan limits, loan program, loan programs, marine, money down, national guard, navy, Stimulus Package, time home buyers, VA, va jumbo loan, zero down payment |
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