Recent Posts Tagged With 'financing'

• Homeowner Affordability and Stability Plan Loan Terms

  Posted on Wednesday April 8th, 2009 at 13:16 in financing, loan modification

  There is a lot of confusing information about loan modification opportunities, plus the additional fact that unqualified companies or individuals are attempting to take advantage of borrowers. Before you go with an offer you receive in the mail, plea...

• Homeowner Associations and Fannie Mae Loans

  Posted on Saturday March 14th, 2009 at 12:45 in financing, condos

  Effective March 1, 2009, Fannie Mae is implementing changes to their condo financing guidelines “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain co...

• So You Want to Pay Off Your Mortgage Faster?

  Posted on Monday July 28th, 2008 at 17:23 in financing

  Like these guys, we would all like to find a way to save money. But what will it cost?Today I received a nice letter from my mortgage lender inviting me to pay off my loan 61 months sooner by making payments twice a month. I would save thousands of d...

• Why Buy a Home in Today's Market?

  Posted on Friday February 15th, 2008 at 12:16 in financing, for buyers

  The $168 billion package signed off on by President Bush earlier this week increased the maximum conforming loan limit up to as much as $729,750, or 125% of the median price. Conforming loan limits are generally set on a statewide level (as opposed t...

• How Today's Rate Cut Affects You

  Posted on Wednesday January 30th, 2008 at 17:03 in Interest rates, financing

  Quote of the day:"Long-term rates, such as those for mortgages, don't respond directly to the Fed's short-term rate moves. Sometimes, mortgage rates move in the opposite direction when the Fed reduces the federal funds rate. But more often than not, ...

• What Does the Rate Cut Do For You?

  Posted on Tuesday January 22nd, 2008 at 11:22 in Interest rates, financing, for buyers

  Whenever the Federal Reserve increases or decreases rates as it did today, it means different things for different people. The winners will be people with good credit scores because the better your score, the better interest rate you receive. This me...

• FHA Loan Bill May Increase Loan Limits

  Posted on Monday December 17th, 2007 at 18:34 in financing, condos, fha

  The FHA Modernization Bill passed by the United States Senate on December 13 will bring changes that have been fought for long and hard. FHA loans are currently limited to $359,900 in Southern California (loan amounts are regionally based), and 3% do...

• Guidelines for the Interest Rate Freeze

  Posted on Thursday December 6th, 2007 at 17:09 in financing, subprime loans

  Today's news and guidelines on loans eligible for the interest rate freeze:According to the New York Times, the goal of the President's plan is to convert as many subprime ARMs as possible into "more sustainable loans." However, the freeze applies on...

• Interest Rate Freeze on Adjustable Rate Mortgages

  Posted on Wednesday December 5th, 2007 at 15:54 in Interest rates, financing, subprime loans

  More to follow, but today's news, and it should be good news for many people, is that rates for loans initiated January 1, 2005 through July 30, 2007 will stay put. If your rates were scheduled for a "reset" between January 1, 2008 and July 31, 2010,...

• You Can Lose Out by Waiting To Buy

  Posted on Thursday October 25th, 2007 at 11:11 in financing, for buyers, how to choose a loan

  I decided to make my post on another blog a subject for today. A reader comment at another blog prompted me to respond. The reader's reference was to Option ARM's and that they would wait to buy a home instead of getting this type of loan. which rece...

• Attractive Loan Options

  Posted on Saturday October 20th, 2007 at 11:17 in financing, for buyers, for renters

  A lot of people are taking a look at the Best Places to Live lately. First time buyers should know that there are programs returning to the loan market that have not been very active for some time. California's Housing Finance Agency has an excellen...

• Volatility in the Credit Markets

  Posted on Sunday August 12th, 2007 at 09:11 in debt, foreclosure, financing, for buyers, subprime loans

  The world of loans and finance is like a global pile of pick-up-sticks, and this last week demonstrated how one move rolls everything. On August 9th France's largest bank BNP Paribas halted withdrawals on the investment funds it said could not be fai...

• How to Read Your Mortgage Documents

  Posted on Sunday August 5th, 2007 at 08:26 in financing, subprime loans, how to choose a loan

  This is a great article from YOU Magazine specifically relating to adjustable rate mortgage documents. The links show very explanatory illustrations:Every day you read another horror story about the subprime collapse. Most of the stories focus on the...

• Plusses and Minuses of Long Beach Condo Conversions

  Posted on Wednesday August 1st, 2007 at 13:50 in financing, condos, long beach local

  National homeownership by the end of the Clinton Administration supposedly rose to about 65%, the highest ever recorded. But, according to the City of Long Beach within the last few years, during that same time period, that was about how many non-own...

• A Note for the 4th of July

  Posted on Tuesday July 3rd, 2007 at 12:47 in historic preservation, financing, for buyers

  It's only fitting to check in at the site for Monticello, home of Thomas Jefferson, not only because he was a President, but also his final day is recorded on a July 4 (but back in the 1800s). Tomorrow, 76 people from 36 counties will become United S...