Are we there yet ?
Categories: Mortgage News, Real Estate News
hiForeclosure,declining prices,short sales,shortsales,mortgages,fha,lower rates,interest rates,florida
| Discussion: No Comments »
Person-to-Person Loans…Creative Approach
Categories: Mortgage News, Real Estate News
hiI read an interesting article June 15th in the Real Estate section of Sunday’s New York Times regarding homeowners who are having trouble borrowing against their houses. Written by Bob Tedeschi, the article explains the benefits of the Online networks that have emerged in recent years allowing people to find loans or to make them, the same
| Discussion: 1 Comment »
Financing a Foreclosure or Short Sale
Categories: Foreclosures, Mortgage News, Real Estate News
hiEver wonder how you get a mortgage on a home in foreclosure or a short sale?
Actually, just like you would on any other property. The fact that the property has been foreclosed upon or is being offered as a short sale has no bearing on the purchase money mortgage that you apply for to
| Discussion: 1 Comment »
Bernanke Says “Inflation” 55 Times…
Categories: Mortgage News, Real Estate News
hiMortgage rates are a big deal when you’re buying a home.
With even the slightest uptick in rates, 30 years of mortgage payments can get substantially more expensive and one of the most substantial threats to mortgage rates is an economic event called inflation. Inflation’s influence on mortgage rates is so large that markets can
| Discussion: No Comments »
Easing Credit Market Brings Back Jumbo Mortgages and Low Down Payments
Categories: Buying Real Estate, Mortgage News, Real Estate News
hiLast week I wrote a blog titled The Bottom of the Housing Market…Are We There Yet? I mentioned that one of the reasons Lawrence Yun, Chief Economist for the National Association of Realtors, believes we are close is because of relaxing credit markets. An article in the Washington Post describes in great detail
| Discussion: No Comments »
Changing Equity Loans…
Categories: Mortgage News, Real Estate News
hiAs banks are shoring up their positions and reducing their liability, they are also reducing their loan portfolios including equity loans. In my case my bank just reduced my equity loan by over 70% from about $250K to about $70K.
That did not cause me any burden, because I don’t have a need for that money
| Discussion: No Comments »
4 Tips For Navigating A Foreclosure - As Seen On NBC6
Categories: Foreclosures, Front Page, Mortgage News, Real Estate News
hiThe unfortunate reality is that tens of thousands of families all across America are currently dealing with the nightmare of foreclosure. Foreclosure is not only a time of extreme financial stress but emotional stress as well. For more on the emotional side of foreclosure please visit Dave Magua’s blog which discusses this aspect
| Discussion: 1 Comment »
Can a short sale negatively affect a sellers credit?
Categories: Mortgage News, Real Estate News
hiA short sale only happens when you are already in financial trouble. That means your credit has already been affected, but a short sale or a foreclosure will determine how much more damage is going to be done.
Before a lender will discuss a short sale with a mortgage holder, typically,they must first miss at
| Discussion: 1 Comment »
Mortgage Forgiveness Debt Relief Act of 2007
Categories: Foreclosures, Mortgage News, Real Estate News
hiThe Mortgage Forgiveness Debt Relief Act of 2007 (MFDRA07) allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. READ MORE
| Discussion: 2 Comments »
FHA Loan Limit Raised To $423,750 In Miami Dade!
Categories: Front Page, Mortgage News, Real Estate News
hiHUD announced yesterday that it has raised the FHA loan limit in to as high as $729,750 in some high cost counties. See Wall Street Journal article Go the the HUD website for a list of the new FHA loan limits for the state of Florida county by county.
As highlighted in
| Discussion: 3 Comments »
