Now is the time to look at refinancing, with rates at their lowest point of the year. But what about all those closing costs? Watch this video with 3 ways to manage closing costs, and not pay any closing costs if that is the best option for you.
Now is the time to look at refinancing, with rates at their lowest point of the year. But what about all those closing costs? Watch this video with 3 ways to manage closing costs, and not pay any closing costs if that is the best option for you.
For quite some time people have been turned off to ARM's, or Adjustable Rate Mortgages. In part the news talk of the Subprime Crisis and all of these adjustable rate mortgages that caused the housing meltdown had folks worried. And, the talk of coming inflation in some circles worries homeowners even more. Here's the truth behind the ...
I was reading an industry journal article highlighting a study that mortgage lenders have learned to accumulate more reserves as a result of "buybacks" - or having to repurchase loans that are non-performing. While the article was interesting, and accurate, ...
A colleague of mine passed along some news from a lobbyist who is working on getting more funding for USDA loans. And, it sounds like the proposals being formulated in Congress at present are to make USDA similar to FHA funding, to make it self-sufficienct and auto-funding by raising the Guarantee fee a bit. Here ...
As of April 5 2010, the great financing that FHA offers became just a little more expensive. Still great financing, though, rest assured. The Up Front Mortgage Insurance premium, or Up Front MIP, is the part of FHA's Mortgage Insurance that is, in nearly every case, rolled into the loan amount. The other part of ...
The Wall Street Journal had an interesting article this morning that highlights the dilemma that many feel whether to buy now, while mortgage rates are low, or wait and hope that home prices drop further as mortgage rates rise. A few days ago I wrote a post defining housing affordability for any metro Atlanta ...
In an earlier post I mentioned that USDA announced it was on track to run dry of funding by the end of April, 2010. And, although they have run out of funding before the year end before, it has never been so early in the year, which makes this year particularly different. So, if you ...
The news media have been buzzing with mostly bad news about the housing market for the past couple of years; and from the looks of things they will not be stopping anytime soon. As a result, many prospective home buyers in my Atlanta market ask one basic question: is it better to buy a home now, ...
If you are in the market for a Georgia USDA Rural Housing home purchase, then you will want to act fast. Lenders just received this notice today: This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is ...
The Fed Chairman Bernanke is speaking to Congress this morning, and so far the outstanding highlights are, paraphrasing: Fed continues to expect conditions to warrant exceptionally low rates for extended period will continue to evaluate purchases of securities in light of evolving outlook as expansion matures, Fed will at some point need to begin to tighten ...