For the week of Dec 06, 2010 — Vol. 8, Issue 49 In This Issue Last Week in Review: The Jobs Report numbers for November
If you were sitting around waiting for mortgage rates to get better before you refinanced, you may have missed the train. As a result of
Many of my younger clients who have owned their homes for 3-4 years have been shifting to 5 year A.R.M’s recently. The main reasons are
We are putting the wraps on another 203K loan. This one is a client who is refinancing his current home and will finish his basement
Right now interest rates are at historical lows. If you are in your home to pay it off and retire, then this probably may not
We have been having great success with the recent 203K clients. Our most recent experience was a client who bought a home for $107,000 and
CHFA announced that effective with all reservations beginning July 1, 2010, participating lenders will be able to serve higher income single person households and more
You probably have heard the radio advertisements for low rates. I was comparing the mortgage backed security (MBS) trading for the last two years and
We know the Federal Reserve Board doesn’t fully understand the impact the proposed rule changes to Reg Z will have on consumers. Part of the
Are you aware of the refinance or purchase opportunity using the Mortgage Credit Certificate (MCC)? This credit is separate from the first time home buyer
So my most recent FHA 203K client closes on her home tomorrow. It is a HUD home she bought and financed using a 203K loan.
