What will happen to the real estate market once Federal Incentives end?
Categories: Buying Real Estate, Mortgage News, Real Estate News, South Florida Market Stats
hiLow mortgage rates and Federal incentives had created a surge of sales towards the end of 2009 and helped prices begin to stabilize. This increase in activity levelled off when it was announced that the Federal incentives would be expanded and extended into 2010 as buyers realized they could take longer to make their commitments.
The [...]
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HOME FINANCING FOR FOREIGNERS IN THE — USA –
Categories: Mortgage News, Real Estate News
hiDue to the current home financing turmoil in the market place only few banks offer this unique financing opportunity either for non US residents better known as Foreign Nationals not living in the country and for Foreign Nationals living in the USA. The great news is that yes these home loans programs are still available [...]
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New Loan Guidelines
Categories: Mortgage News, Real Estate News
hiNow more then ever, communication with the loan officer in a transaction is critical.
With appraisals becoming more difficult, agents are sometimes having them completed before any inspections are done. If the customer does not meet face to face with the loan officer and completes their application, via email or phone, the appraisal cannot be ordered for [...]
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Good News: Mortgage Rates Continue Downward Slide & Housing Starts Up
Categories: Buying Real Estate, Mortgage News, Real Estate News
hiRates on fixed-rate 15-year mortgages are the lowest in 18 years. 30-year rates are headed down as well, averaging 5.04%. Now is a great time to be shopping for a home.
In a story posted earlier today, MarketWatch goes on to say that the mortgage rate relief also extends through Treasury-indexed ARMs.
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Good News On The Mortgage Front
Categories: Mortgage News, Real Estate News
hiAccording to James Venney’s mortgage update this week, 30 year fixed rate mortgages have fallen below 5% and down payment requirements for Jumbo Loans (loans over $417,000) have relaxed recently.
This is good news for our market here in Coconut Grove where price points are higher than other areas and buyers have been struggling to come [...]
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Tax Credit Has Significant Impact On New Home Sales
Categories: As Heard on the Street, In The News, Mortgage News, Real Estate News
hiSales of new homes increased 9.6% for the second straight month, this is the fastest pace since the financial crisis intensified last fall. Inventory levels have declined to their lowest level since the early 1990s, the Homebuyer Tax Credit has provided a much needed lift in the new home sales and existing home sales markets. [...]
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What is a 203K Streamlined loan and why use it?
Categories: Buying Real Estate, Mortgage News, Real Estate News
hiAre you a buyer who is eligible for an FHA mortgage?
More than likely, you are a buyer who is also eligible for a 203K streamlined loan. This program from the federal Housing Administration is fantastic for a home buyer who is purchasing a home in need of home improvements, such as a foreclosure home.
We [...]
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Interest Rate Window if Opportunity is Now
Categories: In The News, Mortgage News, Real Estate News
hiAs the economy revives the Federal Reserve will look to change monetary policy to a more neutral stance. The Fed will probably unwind the policy of quantitive easing, and lessoning the amount of securities they buy.
This in turn could lead to raising short-term interest rates sometime middle or late next year, so now is the [...]
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How Top EWM Agent, Irma Marquez, Is Saving Me Thousands Of Dollars With Her TWEET!
Categories: Community Information, Mortgage News, Real Estate News, Real Talk
hiIRMA MARQUEZ: Broward County: The new 2009 estimated assessments are NOW online. Curious about your property value? Check it out: http://bit.ly/XssuQ7:14 PM May 28th from bit.ly
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On May 28, 2009, Irma Marquez, one of EWM’s top Weston Town Center’s real estate agents, tweeted about checking out your property values. I caught the tweet in my [...]
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New Federal Housing Administration (FHA) Loan Assistance
Categories: Foreclosures, In The News, Mortgage News, Real Estate News
hiNew loan modifications for FHA insured loans. Effective, August 15, financially troubled homeowners who have an FHA-insured loan can apply for a modification under a program parallel to “Making Home Affordable” to help lower their payments and avoid foreclosure.
Financially troubled homeowners who have The program, launched in March, is designed to lower monthly payments for [...]
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