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Blog entries tagged with "loans":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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For the second week in a row 30 year mortgage rates held steady at 6.52. 15 year mortgages last week moved from 6.07 to 6.1. The week they returned to 6.07. So basically the fixed rates are holding steady. 5 Year Arms fell from 6.05 to 6.02 and 1 Year Arms … (1 comments)
If you've been sitting on the fence wondering if now is a great time to buy, make sure you read ALL of this! You'll thank us later.
Press Release:Charles G Hennebeul is pleased to announce his purchase of the domain name www.corcash.com
In case you've not heard, Congress has just passed an act that will allow first time home buyers the chance to receive up to a $7500 tax credit. The details are as follows:
Lately have spoke with several people who told me that they wanted to buy a home, but did not qualify for a loan. This was concerning because I knew that we had houses that matched what they were looking for, with motivated sellers hopeing for offers.
Yes, finally, the trick is being found out.
As you are all aware the "Hope for Homeowners Act of 2008" was signed into law by President Bush and hopefully this will helpful in keeping current homeowners away from foreclosure. It is forecasted that although taking effect October 1st, 2008 that it will be sometime after that before the government … (0 comments)
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I have worked in the mortgage industry for the past 8 years and watched it slowly change from a sellers market to a buyers market. I think when I worked with my last company Lenders First Choice in California, I was given the opportunity to work worldwide which opened my knowledge … (8 comments)
I have someone that can get loans done for foreign nationals in all these States. CA,CO,CT,FL,HI,NV,NJ,NY,OR,WA If you can't find anyone or are having trouble contact me. trevor.goodworth@moneycorp.com
Cincinnati- For those in the market to buy a home in the next few months there are several new programs that make buying very attractive. The Department of Housing and Urban Development has a new program in selected states that allows homebuyers to purchase HUD owned properties for as little as … (0 comments)
In a constantly changing market-both real estate and lending markets, I am constantly having to find new sources for loan approvals. It is getting almost impossible to get a mobile home financed at a rate and down payment the buyer can afford. Most buyers in our area seeking a mobile home, … (4 comments)
In my ongoing quest to figure out this new and exciting real estate and lending market we are all experiencing I have found the next big thing. If you haven't heard about it yet, you will. Loan Modifications.
A dear friend, Lloyd Wynn, wrote an article for the Black Commentator that I'd like to share with the community.
It seems like every other day I hear about another friend or colleague deciding to get out of the industry. "It is too tough man, you just can't make a living doing this" was the most recent line I heard. At this point, I just agree and wish them well, realizing … (2 comments)
This is a buyer's market so obviously the numbers are encouraging to them, not sellers. But, if you think the market is stagnant, if you think people are sitting around waiting, you would be wrong. It is not unusual for any property under $600,000, but especially for a bank owned one … (0 comments)
we have recently written several articles about my support for the Housing Rescue Package that passed with resounding support in the House of Representatives and escaped the threat of Veto from President Bush.
Myths The Credit Bureaus Want You To Believe-By Bobby EnrightMyth No. 1 - It is easy to dispute a credit report. Consumer's can resolve their own issues.To be honest, it IS simple to challenge a credit report. However, as an everyday person, it's amazingly difficult and frustrating to get results from … (0 comments)
If you have been in this business as long as I have, you most likely have seen some good times along with some, well, not so good. Back in the old days (about 22 months ago) things were easy. You want to buy a home? You have a job? You gunna … (13 comments)
You Are Your Commitments "There is a basic law that like attracts like. Negative thinking definitely attracts negative results. Conversely, if a person habitually thinks optimistically and hopefully his positive thinking sets in motion creative forces - and success instead of eluding him flows toward him." ~Norman Vincent Peale1898-1994, Minister and … (8 comments)
So do you want the good news first or the bad news first?
Bryan Sheets Weekly Market Watch
All signs are pointing to FHA as the savior of this market. Numbers don't lie. FHA originations were in the 2-3% range just a year or so ago; now I wouldn't be surprised to find it closer to 20% of the market share. Amazing loan programs, no minimum credit score (sort … (3 comments)
Mortgage News & Market Update
During the course of processing a mortgage I typically end up communicating quite a bit with the borrowers. Frequently I find myself in the position of walking on that ever important line with the borrower between professional and friend. I am kind to borrowers, I try to take the time with … (3 comments)
Hmmm......things are starting to get a little dicey.
WestCom Lending, INC.Nationwide Commercial Lender
No points NO ORIGINATION FEE LOANS Mortgage Loan Specialists inc
Where do mortgage rates come from? Not the 10 year nor 30 year Treasury as many think.
Things happen in life. In some cases it causes a financial strain. Bills are paid late and some not at all. The mortgage might go into arrears.
The VA Loan began in 1944 through the GI Bill of Rights. You must be an honerably discharged vetran or the spouse to qualify. FHA has no military service eligability requirement.
Yesterday, one of my long term and trusted referral sources asked me the question "What the hell is going on in the mortgage market?". She told me she lost 2 closings (not with me, thank goodness) on Friday due to the mortgage company.
It would be hard to place all of the Mls That I blelong too into this blog" But as you reacive e-mail from realtors with short sales,And many other good luck chances for home ownership along the Oregon Coast Range and many other places.
According to a mutal Rain colleague, Chase eliminated the non-conforming jumbo's. This stinks! The Hampton Roads area of Virginia is where Virginia Beach is. We have many waterways...the Atlantic, Chesapeake Bay, James River, York River, Elizabeth River, Nansemond River and so on! We have water everywhere. My point is, we have … (0 comments)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding … (0 comments)
Many of us are scratching our heads and wondering if we did something wrong to deserve this torture, while others are positioned well to take advantage of the opportunities that present themselves. With all the turmol in the market, depressing headlines, and such, a person could think about cutting their wrists … (1 comments)
This question seems to be on everyone's minds these days.
Lenders and Agents, you are on the front lines, so I NEED your input here. Tell me of situations that you see that result in foreclosure. Don't get into blame... I want to know what the situations of the homeowners are, why it is their only choice. I don't (for purposes … (5 comments)
All you need is 3 alternate tradelines such as phone bills, rent receipts or any type of bill in your name showing that you have paid on time in the past 12 months. Its better than having bad credit. I am a realtor and also work with a direct Bank. It … (0 comments)
By the time you read this, it is likely that the White House has approved legislation that will have a sweeping impact on the national housing market. Just how much of that will be felt locally remains to be seen. Here's a brief look at just one of the changes this … (0 comments)
My primary purpose for this post is to get an idea of the views on credit repair and preconceptions of credit repair as it relates to the mortgage industry. Although the majority of Credit Restoration Consultants referral sources stem from the mortgage industry, there are many loan consultants who have questions as to … (0 comments)
As the awareness of Reverse Mortgages grow, many folks are learning the benefits of this government insured program and adapting it to their financial planning needs. I have recently seen an increase in couples inquiring about Reverse Mortgages as a financial protection tool for their spouses in the case of one … (0 comments)
Virtually any seller of property (or their agent) will require that you submit a letter of pre-qualification or pre-approval along with any offer. Pre-qualification is a process through which a loan officer assesses your borrowing power based on information that you provide regarding your income, assets, debt, and credit history. Typically, … (0 comments)
There are many reason to avoid the local and national news and buy your dream home now. Here are Good Reasons not to let the news get in the way of your dream. You can buy now, you just need to do your research and quit listening to all the negtive … (1 comments)
Over the weekend, the US Senate passed a bill that aims to reduce the number of foreclosures by permitting homeowners to refinance into government-backed loans. The House of Representatives approved the bill last week and it now is headed to the President for his signature, which is anticipated.
When people think of Boca Raton many of them think of multimillion dollar luxury homes and 4,000 square foot condos right on the beach. While we do have many of those we also have some great communities for first time buyers and families and there is no better time than now to get … (0 comments)
About Remington Financial Group 
Motagage Interest rates took a huge leap last week. There isn't a single explanation for the rise.
The home mortgage crises is due to lender's giving huge loans to unqualified buyers. No brainer there.
There certainly aren't any of the people reading this posting that has ever spent any time in a bar talking and drinking with the patrons. Since I grew up watching, picking up and waiting for my father in several, I have some experience in the bar mentality phenomenon. It is really … (3 comments)
Someone I know quite well is a Vietnamese immigrant, the nicest guy you could meet. Now he and his wife and small child are American citizens. He's built a good landscaping business but it's very mom and pop in size. It's just pop doing the work! He's great and everyone loves … (0 comments)
Hello all and thanks for checking out my blog! There have been many changes to the local Mortgage Market this last year and we are glad to be thriving here at Countrywide. Thanks to all who have helped us to do so well! I hope this coming year will even be … (1 comments)
Attention Active Military and Veterans:
The reason I am posting this article is because it gives good insight into why rates are going to go higher and what really effect an interest rate. Pay close attention to how the baks set there rate and what it is based off of.(i.e. 10 yr bond sales) I know … (4 comments)
My view of being a REALTOR has always been that the easy part of the job was finding a house my clients liked. The real task was to find the best way for them to buy the house they selected. Many of those details were within the role of the REALTOR … (0 comments)
Governor Schwarzenegger launched the "Community Stabilization Home Loan Program" to Help Communities Hard-Hit by Foreclosures
Have you ever had a buyer sue you? I haven't and I'm glad for that, but more and more people are starting to sue when things don't go their way. In the last two weeks I've read of at least three cases where a person who bought a property in 2005 … (6 comments)
This was filmed on April 4, 2008 after the new FHA loan limits were presented.