As feared, last week mortgage markets slid last week, and it took interest rates with them. There is still good news, Indiana Home Buyers, Rates are still historically low. With, a steady drip of bad economic news and with concerns that the banking system out-muscled Fed Chairman Ben Bernanke’s
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03/02/2009
As a part of the Stimulus Package,some counties in our area have increased, but the Indiana FHA loan limits for LaPorte, Starke, St. Joseph and Elkhart Counties will remain at the 2008 levels. One-Unit - $271,050 Two-Unit - $347,000 Three- Unit - $419,425 Four Unit - $521,250 There rea
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02/27/2009
As a part of the Simulus Package, the loan limits for Porter and Lake Counties have increased back to the 2008 levels. One-Unit - $410,000 Two-Unit - $542,850 Three- Unit - $634,450 Four Unit - $$788, 450 There really never has been a better time than now to buy, build or refi. If you
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02/26/2009
If you are in Indiana and have any equity in your home it is the perfect time to refi. Rates are still historically low, and soon there will be some changes from Fannie and Freddie that will make refi’in a tad harder. I have a great example of why it is more than perfect time to refit. I just c
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02/24/2009
Last week, traders brushed off the passage of the American Recovery and Reinvestment Act (porkulus) and the President’s mortgage relief plan. (the jobs not as easy as you thought) It really showed just how insecure the markets are about the stimulus package and the impact it could have on the ec
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02/23/2009
Good News, A thaw is heating up Posted by Dave February 3, 2009 If the thawing of credit is paramount to an economic rebound, the first signs of spring may be here. On Monday, the Fed released its quarterly survey of 84 member banks. In it, the Fed says that fewer than half of the respondin
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02/03/2009
This week, Consumer confidence hit an all-time low and 100,000 Americans were laid off last week, each of these events played a role in the mortgage market's decline. For the 3rd straight week, mortgage rates moved up coupled with average loan fees increasing, as well. However, seemingly lost in
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02/02/2009
I was sitting in a class last night after speaking to a few local Real Estate Agents about buying foreclosed homes and some multi-units. I had one of those moments of clarity and I am not sure why I had not thought of it before. Her monthly was payment was $499 and that does not include taxes or
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01/27/2009
I am a squeaky wheel, and you know what happens to the squeaky wheel. Well, it is either oiled or taken off the wagon. Well, I like to get oiled, and I have been having an issue with Best Buy. Good company, but they have their issues and I think we all do as we grow, get complacent or hire high
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01/23/2009
When an Indiana homeowner sells his home and decides to buy a new one, there are really just 3 basic options for the residence -- sell, keep or rent.Unfortunately, no matter which path is chosen,the Indiana move-up homebuyer will be in need of a home loan and they will find that qualifying for th
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01/23/2009
