Refinancing That Makes Sense
If you’re looking to refinance your existing home mortgage, there are several basics that should be looked at before you sign on the dotted line. Speak with your mortgage lender to find out the best options for you. If you’ve been in your home for 5 years, you may want to consider refinancing. Think of [...]
Mortgage Tax Deductions
Hundreds of thousands of Americans took advantage of the homebuyers tax credit of the last three years. Many mortgage lenders feel this government sanctioned tax credit for first time homebuyers was a true success, and allowed people to purchase homes more affordably. Unfortunately, the first time homebuyer’s tax credit has not been extended, unless you [...]
Mortgage Rates are Always Changing
The real estate market is in constant flux. Homes are incredibly affordable one day, and skyrocketed beyond belief the next. Because of this, mortgage rates are always changing too. When you’re ready to buy a home, it’s important to shop around, and not settle for the first rate you are offered. One of the reasons [...]
100% Financing Loans
If you are looking for a new home, and have good credit, but not a lot of starting cash, you may wish to consider 100% financing loans. These loans are fairly modern compared to more traditional lending packages, but can provide quality borrowers with the means to purchase the home of their dreams. 100% financing [...]
Keep Watching those Mortgage Rates!
According to many real estate and financial experts, mortgage rates are going down again. The average cost of a fixed rate mortgage loan dropped almost 5% last week, which is good news for homeowners all over America. Freddie Mac is responsible for much of the tracking of home mortgage rates, and has reported that all [...]
The New GFE
As of January 1, 2010 all mortgage lenders will be required to use the new Good Faith Estimate (GFE) and abide by the new disclosure regulations that accompany the new GFE. While this is different from GFE’s of the past, it is not designed as a user friendly form for the lender but a form [...]
New Rules & Regulations
Though the average person won’t see all the new mortgage rules and regulations that are still taking place behind the scenes, they will be somewhat affected. It is just not as easy as it used to be to get a mortgage and that’s not going to change. If the trend continues the way it has [...]
New Disclosure Rules You Need to Know
This past month has brought with it more changes to the process from approval to closing that are designed to protect the consumer. Most of it has to do with the timeliness of presenting as accurate a Good Faith Estimate as possible before closing to prevent the buyer from those last minute heart attack moments [...]
Use Stimulus Money for Down Payment – New THDA Loan
Between now and November 30th you may be able to borrow against the first time home owner credit, up to $7,000, and use this money for your down payment and closing costs for a home with the new and limited time frame stimulus loan from THDA. You must be a first time homeowner, which means [...]
Rates are Down but Some Borrowing Still Tough
This past week has been a rough one for some of the people I have talked to, all of who have multiple houses and are paying their bills and mortgages on time. The issues have to do with being self employed and not showing enough income on taxes and wanting to refinance a second home [...]
keep looking »