100% Home Loan Financing – Bend your muscles

Listen with the current "mortgage meltdown" we are so much about that day, your average consumer thinks that the days of the 100% financing have gone by the wayside. It's true, you are hard pressed these days to a bank or lender who want to carry a second mortgage will find that adding combined with a first mortgage, financed at 100%. This is because if there is a standard, sit in second lien position is particularly risky. Too much risk is involved. [more...]

Date: 2009-09-19 11:52:46

Blog posts (9) | Videos (13)
 

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]

Date: 2008-09-28 20:34:55

Loan Officer Job - Cleveland/Akron, OH - Posted 1/14/09

Company: freedom financial mortgage corporation Job Title: Loan Officer Job Category: Finance/Banking Job Description: Earn 100% commission. We will set you as a virtual office in our organization. Will offer support and one on one help. Must be a seasoned loan officer that can fully self sufficient. We offer FHA,VA. Conventional [more...]

Date: 2009-01-14 18:34:49

Fed's Latest Rescue Package Throws Lifeline to Home Buyers

According to this Reuters article, the Fed announced a new rescue package of $800 billion USD to lower the cost of home purchases, credit card and student loans. Under the new mortgage program, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac [more...]

Date: 2008-11-26 09:12:56

Niall Ferguson's "The Lessons of Detroit"

Here's an excerpt from Harvard financial historian Niall Ferguson's massive Vanity Fair article explaining it all: "Wall Street Lays Another Egg:" ... mortgages, without amortization (repayment of principal), even when the principal represented 100 percent ... , with the cost of the loan backloaded. All of these devices were intended to allow an immediate [more...]

Date: 2008-11-07 12:06:22

First-time buyers squeezed as mortgage approvals hit new low

The average deposit put down by first-time buyers in November climbed to its highest level since records began, figures showed today, ... of the credit crunch. The 100% loans that were available to borrowers at the beginning of last year ... % to put down and targeting their best deals at those with more than 40% equity. The difficulty [more...]

Date: 2009-01-15 10:20:15

VA Home Loans With 100% Financing For Veterans and Active Military Members

I thought it would be prudent to discus some of the outstanding benefits of the VA Home loan program at the time when the banks in our country are going through an exceptionally difficult time thereby, hindering numerous home buyers from obtaining mortgage financing without perfect credit and a down payment. Currently the VA home ... [more...]

Date: 2008-11-24 19:00:03

Major Milestone for Zillow Mortgage Marketplace

Earlier this week, Zillow Mortgage Marketplace reached a major milestone: Since the service launched in April 2008, more than 100, ... borrowers find the right loan and connecting them with lenders.  In a recent survey, 30% of borrowers stated that they have either closed a loan or expect to close a loan soon with a lender [more...]

Date: 2008-12-11 21:50:31

Mortgage rates slide under 5%

Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... brokers; could lay off 100 Bad bank assets must be dealt with, Fed chief says O.C. distressed homes [more...]

Date: 2009-01-15 22:02:07

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