When is a 5.5 Percent Mortgage Rate Really a 3.96 Percent Rate?
It’s income tax season again ... , but it will suffice for a rough estimate. Seek out one of many online mortgage calculators to assist ... of mortgage interest tax deductions is one reason why loan officers make reference to “after-tax mortgage [more...]
Date: 2009-01-14 19:45:51
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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 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
Deadbeats = Deadbeats
We've been told that the reason we have all the defaults on these mortgages to poor people is because of predatory lenders who didn't explain to these bonerheads how their adjustable rate mortgages worked and that the interest rates would rise. So here's an easy fix [more...]
Date: 2008-12-11 20:30:07
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
Use A Mortgage Calculator To Find The Best Deals
by Dan Winters The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. Interest only payments do not include any form of repayment vehicle such as an ISA or endowment or any life cover costs. The mortgage repayment cost includes capital and interest payments but makes no provision for life cover costs. Interest rates can fluctuate during the course of a year. [more...]
Date: 2009-07-22 09:58:46
Amazing Breakthrough Lowest Mortgage Interest Rates Available Today?
Are You Eligible For The Lowest Mortgage Rates Advertised Today? ... to a cheaper loan or another lender? Securing the top mortgage rates is more than just looking [more...]
Date: 2009-01-13 14:07:01
Keeping Your Mortgage Interest to a Minimum
When it comes to buying a home and taking out a mortgage, the fact is that the interest you pay will likely be your biggest expense ... things you may not have thought of. Before applying for a loan, many people close credit card ... their lowest interest rates for those with the very best credit scores and credit histories [more...]
Date: 2009-01-15 02:50:33
Mortgage Rates Dip to Low 5’s
criteria that I use for pricing Friday’s rates. Do check with your local Mortgage Professional to see what rate you qualify for. What’s caused this big dip? You can thank the Fed for stepping in to buy $600 billion of mortgage backed securities (MBS) backed by Fannie, Freddie and Ginnie. I’m off to lock in some interest rates…bye for now! [more...]
Date: 2008-11-25 16:14:43
Steps To Stop Recession For Governments, Companies & Individuals
Decrease in personal consumption, over spending, exorbitant imports, inflation, cyclical economy, high interest rates, sky high energy prices, trade deficit, consequent wars, subprime mortgage crisis, massive personal debts and debt trap ... disposable income, reducing per capita debt level, balancing interest rates, ensuring an atmosphere conducive [more...]
Date: 2008-12-22 13:19:11
Debt relief Deals “attack on the confidence of consumers”
How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]
Date: 2008-07-18 10:38:03
Are mortgage rates heading lower
As the stock market gains new ground investors are looking to short rates as a marker for future interest rates ... . As applications for home loans have actually seen an increase. This is a good sign for those who provide debt consolidation loans, as more people are now getting back into the market to look to lower [more...]
Date: 2009-01-10 13:42:54
When Banks Increase Profits In A Falling Market
While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money. Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts. You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage and other instruments will fall – not always. [more...]
Date: 2009-09-25 02:04:09
Freeing Up Cash With A Remortgage
In the UK, the interest rates on new mortgages tend to follow the base rate set by the Bank of England ... up some of the money in their home, turning it from equity into cash. For example, someone with a ?40,000 mortgage [more...]
Date: 2009-01-15 03:24:17
Interest Rates Drop Again…
Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]
Date: 2009-01-16 01:53:45
Tips a Home Owner Should Know Before Refinancing
by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate credit card debt at a lower interest rate. Homeowners should not consider real estate mortgage refinance as a way to pay for a vacation unless it will be your last, a new car or a boat. A good [more...]
Date: 2008-12-29 22:15:15
Refinance Breakeven & 4.5% Fixed Mortgages
The Treasury Department is working on a plan that would lower interest rates on 30-year fixed mortgages to 4.50% APY ... calculator (assuming only 1% for closing costs, which matches some quotes online) and the results were good. After eight months, the money saved on my lowered monthly payment would exceed the closing [more...]
Date: 2008-12-15 12:05:07
Hockeynomics - at times an embarrassment
We expect and need to hear the truth from the Opposition. Shortly after Joe Hockey took over as the Coalition's Treasury spokesman the Comonwealth Bank inched up its standard variable mortgage rate from 5.64 per cent to 5.74 per cent, bringing it into line with NAB's. Hockey dived in : "The increase in interest rates by the Commonwealth Bank today is directly linked to Kevin Rudd’s debt." I labelled what Hockey had said " bizarre garbage ". [more...]
Date: 2009-09-28 06:57:00
Home Prices May Be Nearing Bottom, Bank Equities to Follow?
I remain optimistic that housing is nearing a bottom ... traffic. Add to the fall in prices, the recent sharp reduction in 15 and 30 year mortgage interest rates ... news about loan losses. In my judgment, most banks in the US have been trying to get out ahead [more...]
Date: 2009-01-14 07:24:00
WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?
Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]
Date: 2009-01-16 04:23:28
One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market
I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]
Date: 2008-12-15 18:18:27
My First House: Then and Now
“Cautious Buyer” asks this question on my post the other day when I referenced that my first house had a rate of 11% during the comments: ... costs. Base loan amount = $213,400 plus upfront mortgage insurance @ 1.75% = $217,134. Interest rate [more...]
Date: 2008-10-19 22:17:48
Re: Edwards to speak publicly again
Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]
Date: 2008-11-11 06:22:53
US Interest Rates Zero to 0.25% and soon 4.5% US mortgages
Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]
Date: 2008-12-16 20:29:22
The Daily Dozen
Is government spending too easy an answer? I think so.The incredible shrinking inauguration crowd ... announcements.With interest rates a 37-year low, should you refinance your mortgage? In a word -- yes.7 ... this for a while now. If the government had not been subsidizing housing through mortgage tax breaks [more...]
Date: 2009-01-12 13:16:00
Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?
Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]
Date: 2009-01-06 15:03:21
Vital Pieces Of Mortgage Loan Modification Advice |…
Who doesn’t want to be relieved of paying a high interest rate in a monthly basis? The goal of home mortgage loan modification all about saving money. It is actually an option preferred by several homeowners. Continue reading here: Vital Pieces Of Mortgage Loan Modification Advice |… [more...]
Date: 2009-09-29 17:48:03
Bailing Out American’s Credit Card Debt
We have been hearing a lot of talk lately about bail outs. We bailed out Wall St ... collection agency than Uncle Sam. The end results ... for $16,635 in debt, excluding mortgages, according to Experian. The average credit card interest rate [more...]
Date: 2009-01-09 08:20:46
Should I Pay Down My Mortgage FASTER ???
Homeowners who find themselves with extra cash may be considering paying down their mortgage. While this can help some people in certain situations, like seniors close to retirement age ... interest rates, to use extra money to pay down high-interest debt and build up an emergency fund. [more...]
Date: 2009-01-16 02:36:39
Loan Calculator Tips To Save You Money
by Kimberly Eaves This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]
Date: 2009-09-19 23:08:59
Loan Calculator Tips To Save You Money
Imagine the next time you join a discussion about simple loan calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]
Date: 2009-09-18 09:47:43
Rethinking The Early Mortgage Payoff
By Julie Rains The borrow-at-a-low-interest-rate-and-invest-to-get-greater-returns mentality was so embedded in our ... mortgage payoff question is: if you weren't using your money to pay off the mortgage, what would you be using the money for? Here are some alternative uses of extra cash: Pay off non-mortgage debt [more...]
Date: 2009-01-09 15:41:42
Loan Calculator Tips To Save You Money
by Robyn Eagan This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]
Date: 2009-09-24 17:59:37
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
Subprime Containment Theory Was a Lie
Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans ... was the negative amortization loan. The loan balance can grow each month as the deferred interest is added ... they have not been widely exposed to these loan types. An adjustable rate mortgage resets to a different [more...]
Date: 2009-01-14 03:59:54
How the Recession Affecting the Loans Market
If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]
Date: 2009-09-11 01:49:24
? Subprime Mortgage Foreclosures: The Importance of Reading the Fine Print
by Michael Geoffrey If you don’t have good credit, you can still own your own home. This is the offer that many people noticed a few years ago ... served foreclosure paperwork, threatening eviction if they were not able to pay off their mortgages ... . These people rushed to get their own homes and signed up quickly for their low interest rate [more...]
Date: 2009-01-14 20:15:08
Is a reverse mortgage a good thing??
by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]
Date: 2009-01-06 22:24:09
Want To Refinance? Good Luck
Interest rates are at historical lows so many homeowners are calling banks and trying to get in on the action. Only problem? ... to sales and mortgage data analyzed by Zillow.com, a web-based real estate services firm. Many ... afford the payments. Justin Miller, a broker with Resource Mortgage Group in Plantation, said [more...]
Date: 2008-12-26 19:33:05
Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage
Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]
Date: 2009-09-29 18:16:17
What is a reverse mortgage?? Do I want it?
by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]
Date: 2009-01-10 00:52:47
The “Helicopter Drop” Has Begun
The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]
Date: 2008-12-17 00:03:00
Does It Pay to Re-Finance?
Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]
Date: 2009-01-08 14:49:52
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
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
European Central Bank cuts key rate to 2% - MarketWatch
England and no interest loans, I think they just got a bit closer to that. But remember, it’s not going to happen in the United States! Tom Post from: Straight Talk About Mortgages and Real Estate [more...]
Date: 2009-01-15 13:30:24
Investors appear uncertain about Moody's
The mounting regulatory pressure on Moody's Investors Service and the other major credit rating agencies appears to be making investors nervous. Regulators and lawmakers have proposed new regulations to reduce conflicts of interest and improve transparency in the $5 billion-a-year industry because of its role in the subprime mortgage mess, and Congress plans to hold hearings on Wednesday. [more...]
Date: 2009-09-29 20:54:00
A Brand New Mortgage Calculator Widget
For the real estate professionals and web publishers out there — we now have another widget that you can utilize to quickly and easily add great ... visit Zillow Mortgage Calculators to see this content. Get custom loan quotes — anonymously Zillow ... current rate to plug in. Most mortgage calculators list 6% as the default interest rate, but mortgage [more...]
Date: 2008-10-03 19:13:56
Refis
On the eve of the closing for my refinancing, I notice this from the W$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
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