Mortgage Rates for Friday Afternoon

Compared to the past few weeks, this week seemed a little more calm with regards to mortgage interests rates.  30 year fixed hung around 5.875 - 6 ... are offering free “float downs” once rates are locked due to this volatile market.  If your loan ... out of that market or repricing that segment in advance of new loan limits.  It’s an odd limbo time for [more...]

Date: 2008-11-14 22:14:30

Blog posts (24) | Videos (42)
 

Useful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?

My view on this bill is that it will be a dismal failure ... must be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]

Date: 2009-01-15 16:06:21

Free Helpful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?

My take on this bill is that it will be a another government run fiasco ... be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... the new program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]

Date: 2009-01-15 07:36:03

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you. Homeowners refinance their mortgage for many reasons and these include eliminating private mortgage insurance, receiving cash out at closing, obtaining a fixed rate, and so forth. Since home loan [more...]

Date: 2009-01-02 16:59:45

Is Now The Opportunity For You To Review Your Mortgage In Return For A Fixed Rate Mortgage?

As we are seeing base lending rates plummeting to an all time low, ... mortgage loan rates, what exactly are all of these different types of mortgages available [more...]

Date: 2009-01-15 22:01:05

Property expert: Can I lend or donate money to my children?

Q I am over 70 and have at least £100,000 in an e-savings account, as well as £35,000 in fixed-rate bonds ... to reduce their outstanding debts, but would it be better to concentrate on the fixed-term loan ... at a rate of interest that is lower than that they are being charged by their mortgage lenders [more...]

Date: 2009-01-14 00:10:01

Ask the Readers: When Does It Make Sense to Refinance a Mortgage?

So much for vacation. I just can’t keep myself away from you guys! ... are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much ... loan), but our current mortgage is in a kind of phantom zone: We have a $207,000 balance at 6.25 [more...]

Date: 2008-12-19 13:00:18

Mortgage Rates Hit Record Lows, But Does it Matter?

The average U.S. rate on a 30-year fixed mortgage fell to 4.96 percent this week ... Reserve is buying large amounts of mortgage-backed securities in the hopes that lenders will reduce ... to refinance their existing loans. We just saw a stat saying as many as half can’t meet the credit [more...]

Date: 2009-01-15 19:12:32

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-12 11:16:01

Mortgages: 2009 Advice

Mortgages: 2009 Advice Mortgages: 2009 Advice With all the doom and gloom over housing, ... . Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ... and borrow now. During ordinary times, one loan is about as good as another because most lenders [more...]

Date: 2009-01-11 09:14:24

Loan Modifications Reamortize, Don’t Affect Fixed Rates

I just got off the phone with Patty at BB&T Mortgage, who walked through all the options I had with them with regards to my mortgage. She was extremely courteous and explained everything in great detail, great loan officer. The one big bit of advice I learned was that a loan modification isn’t what I thought it was. Loan [more...]

Date: 2008-12-22 17:08:36

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

Constitution Party: ‘The mortgage thieves return’

Reposted at http://www.constitutionparty.com/news.php? ... spectacle of bad actors descending on a government program fat with new money and starved ... and proof of an ability to pay the money back. These were boring 30-year fixed-rate loans. Now FHA [more...]

Date: 2009-01-07 18:25:37

Is a Home Equity Second Mortgage Right for You?

Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]

Date: 2009-01-14 08:44:29

Refinancing an Adjutable Rate Mortgage (ARM) May Not Make Sense

A friend recently called asking for advice on what to do with his Adjustable Rate Mortgage (ARM). His ARM is scheduled to reset in June of 2009 ... charge is fixed for the life of the loan. The number should be on one of the ARM disclosures [more...]

Date: 2009-01-02 19:04:36

Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

Money Mailbox Friday - Countrywide Home Loans

I received a postcard from Countrywide Home Loans yesterday advertising the benefits of their home loan program ... score required Flexible qualifying guidelines 30, 35 and 40-year loan terms available Fixed rate and fixed period Adjustable Rate Mortgages (ARM) options During the housing boom, many of these loan [more...]

Date: 2008-07-18 15:30:58

Study More About : 5 Options To Take Into Consideration When Buying A Home

Buying a house can be highly stressful as it involves a lot of different things such as looking for the right one, ... mortgage loan options to take into consideration. 1. Fixed rate mortgage This home mortgage ... what occurs to the market over time; you will pay the identical amount every month until your loan [more...]

Date: 2009-01-07 19:58:28

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... ). Now I understand why: Only about a third of U.S. mortgage debt outstanding is likely to qualify ... Interest rates on fixed-rate mortgage loans for prime borrowers have fallen to below [more...]

Date: 2009-01-15 16:42:15

Unbiased Road Map to Why Swapping Mortgage Rates Sometimes Isn’t The Best Way To Saving Outgoings

Let’s take a look at the pros and cons of each type of mortgage ... not change over the life of the loan. A fixed rate mortgage has the benefit of a predictable payment ... now but predicted to rise in coming years, you should definitely consider this aspect of the fixed rate loan [more...]

Date: 2009-01-11 12:36:23

A New Way to Integrate Mortgage Rates Into Your Web Site

We already have two mortgage widgets (mortgage rates and a mortgage calculator) ... monthly payment per loan type (30-year fixed, 15-year fixed, and 5/1 ARM). If a ZIP code is entered ... an estimated monthly payment for a specific loan amount based on today’s live rates is the bigger win here [more...]

Date: 2008-09-24 19:41:09

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

Home Mortgage Loans Tips

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you. There are also a number of reasons to why homeowners would want to refinance their home mortgage, and that includes: obtaining a fixed interest rate, eliminating private mortgage insurance [more...]

Date: 2009-01-04 08:08:21

Mortgage refinancing skyrockets

With U.S. mortgage rates the lowest in 30 years, local lenders say they’ve seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky. From the largest commercial banks ... percent for a 30-year, fixed-rate mortgage with no points, according to data from the Cincinnati [more...]

Date: 2009-01-06 06:58:34

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