Nevada Mortgage - How Much Can I Borrow?

This is typically the first question our Las Vegas Mortgage clients ask when applying for a new home loan ... , type of credit borrowed, and recent inquiries. Debt-to-Income Ratio The (DTI) is calculated ... The DTI would be 42%. Most mortgage guidelines require a 45% or lower Debt-to-Income ratio. Loan [more...]

Date: 2008-12-31 21:02:55

Blog posts (16) | Videos (27)
 

Why a Mortgage Professional Beats a Banker Every Time — The Story Tells It All

The best way to explain why a mortgage professional is always better than a banker is to use an anecdote ... to you) that included plenty of hassles over paperwork, they agreed on a loan for their new home ... - they decided to apply for a bridge loan (more on bridge loans later). This would take the equity [more...]

Date: 2009-01-15 18:28:01

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

Policy makes take aim at inflated appraisals

By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) ... was that appraisers, pressured by loan officers and mortgage brokers, kept hyping home values. Not only did homebuyers wind up paying more, but the exotic mortgage products they needed to finance [more...]

Date: 2009-01-14 11:38:44

Re-default nation

The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... numbers to have since historically we haven't—and problem solving often starts with data collection [more...]

Date: 2008-12-08 17:35:26

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

All Your Home Loans Are Belong To Us To Boost Liquidity

"The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S ... . housing market." ∙ New York Fed Begins Purchases of Agency Mortgage Debt Bloomberg ... [more...]

Date: 2009-01-05 15:05:08

Chase pulls out of Wholesale Lending with Mortgage Brokers

I just received this memo from Chase: “Home lending remains an integral part of our firm’s overall financial strategy, and as such, ... -originated loans acquired from Correspondent lenders. Our new strategic direction is supported ... decision, we will no longer accept any new locks and registrations from or purchase any loans [more...]

Date: 2009-01-13 20:24:21

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

Wilmington NC Mortgage

If ever discussing loans, it should be done with an established company like Wilmington NC ... should come to this point you need more money for a new home, car, job or traveling or other kind of self education, you can use the loan calculator here http://www.alphamortgage.com/loan_calc.php [more...]

Date: 2009-01-01 22:46:00

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

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

2nd home mortgages

2nd home mortgages start a new loan account by paying off the first mortgage ... have on your existing mortgage and present debts, such as your credit cards, that this would be a good way ... and checking your credit reports should be followed.Its fee includes settlement costs, discount points etc [more...]

Date: 2009-01-14 03:52:19

Get The Best Home Mortgage Loans

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... , receiving cash out at closing, and so many others. Since home loan refinancing would involve taking a new ... makes you uncomfortable, you can now obtain a loan, which needs minimal documents. The best way [more...]

Date: 2009-01-14 21:01:19

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

Sacramento New Homeowner Tax Tip

Hey, congratulations on buying a home or condo this past year.   Do you know what is deductible on your taxes if you are a new homeowner? ... points on the same loan would be $2250. On VA and FHA loans, points are often broken down into two ... can deduct points used to obtain a mortgage loan when buying a home or condo, mortgage interest paid [more...]

Date: 2009-01-05 13:00:45

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