Unseen difficulty in short sale or foreclosure real estate transactions.
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Taking Mortgage Broker Recommendations There’s a big difference between inexpensive and a good value where home loans are concerned. Throw in a few dozen flashy ads with teaser interest rates and all the magic the loan officer promises to work for you and let the mortgage cyclone begin. Getting a mortgage is unsettling for some [...]
Continue reading about Time Zones, Online Mortgages and Russian Roulette
Pros and Cons of a Bi-Weekly Mortgage Program When a borrower enters into a contract to make bi-weekly payments on their mortgage, the amortization schedule is accelerated. For example, with a 30-year amortization schedule, the borrower makes 12 payments per year. In a bi-weekly arrangement, the borrower makes 26 ‘half’ payments, which allows the loan [...]
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The Low Interest Rates Won’t Last Forever To everyone’s great relief, fixed mortgage rates have been extraordinarily low for the last year averaging between 4.75% – 5.25%. However, perhaps you remember the summer of 2008? Gas prices crested $4/gal, inflation was all the rage and home buyers were snapping up 6.5% mortgage rates like they [...]
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Know Your Credit Score In the past, it wasn’t out of the question to obtain a mortgage with a FICO score in the low 500 range. In fact, if you were willing to accept the payment, you could even do so with little money down. Today, however, if you have a low FICO score, you [...]
Kinda Makes Me Want To Pull The Fire Alarm A buyer recently asked me if there is anything that I can do to speed up the short sale process. Why funny that they asked on the heels of the shiny, new and improved rules that that have just been formed to streamline the short sale [...]
Continue reading about New Short Sale Real Estate Guidelines – We’re Saved!
That Warm Fuzzy Feeling It’s that time of the year folks. It’s time to give. Give heartily and freely because it’s the right thing to do and there are so many people in need. Why I even received an email with the greatest header that read “Dignity, Peace, Prosperity” asking me to give, give, give. [...]
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Mortgage Rates Hit All-Time Low Levels Again! In case you haven’t caught the news, home loan rates have done it again, dropping to their lowest level…ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their lowest levels. Yes, that means, go [...]
Continue reading about The Time Financing a Florida Home Couldn’t Be Better
Don’t Think We’re in the 4′s Anymore Toto Over the weekend a major tornado wreaked havoc on the mortgage industry. Analysts are certain of the cause, but while siphoning through the damage, on thing is certain. 4% interest rates have disappeared from this realm of reality. While we can only hope that these rates find [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 10-12-2009
Financing after bankruptcy, foreclosure, short sale, deed-in-lieu
Continue reading about Credit and Purchasing Real Estate After Foreclosure, Bankruptcy, Short Sale
Record Low Rates, Get What You Need "You can’t always get what you want, but if you try sometimes, well you just might find, you get what you need." – Rolling Stones What does that have to do with this week’s mortgage rate report? Well, funny you should ask. I have heard from a very [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 09-21-2009
Banks Get The Gold Mine Consumers Get The Shaft … and Jesus Loves You Sometimes actually getting the bank to give a loan modification doesn’t end with the borrower being getting their issues solved. Loan modifications are an emotional roller coaster. From the day a borrower finally gets a living, breathing human on the phone [...]
I am changing the format of this up a little bit to make it work with our site’s that we post for, so please work with us as we try this this out. Mortgage rates have been holding steady for the past couple weeks. Mortgage applications have increased. Is this a sign that the [...]
Continue reading about Bonita Springs Florida Mortgage Monday August 31, 2009
Interest Rates Trotted Down Under 5% The Mortgage Loan Interest Rates Report for Bonita Springs, Florida. Rates as of August 17, 2009. Holy 4.875% Rates, Batman!!! Yes, it is in the 4% range again. How many times are you going to flirt with this before you decide now is the time. Product Rate Discount [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 08-17-2009
Visit msnbc.com for Breaking News, World News, and News about the Economy If you can’t see the video above, CLICK HERE. This is a little ditty about how the real estate market really is. Many buyers of real estate worry that because the market is moving so swiftly they won’t get a great deal. [...]
Continue reading about The Banks Are Still Loaded With Toxic Assets
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