Archive for December 2010

Lending rules ‘hit house buyers’

Lending rules ‘hit house buyers’ New rules to clamp down on irresponsible mortgage lending risk shutting thousands of buyers out of the property market and deepening house price falls, the housing minister has warned. Read more on Shropshire Star

The technology transition

The technology transition Look for the trend to accelerate in 2011, and not always happily Read more on The Sarasota Herald-Tribune

Asset Statements

Everything from first time buyer home loans to FHA loans and even debt consolidation can cause real estate anxiety in just about anyone. In our home mortgage experience, weve found that the biggest issue is unpleasant surprises. If you apply for a mortgage loan or a home equity loan in Clearwater, Tampa or any part [...]

what do you think is necessary to improve the housing market?

i think another tax credit($8,000 bucks ) is necessary to improve the housing market but also a reduction for investors in downpayments. see, if anyone wants to purchase an investment property, the person needs to put down 20% in most cases which i think not all investors have that amount of money ( like me). [...]

Average rate on 30-year mortgage climbs

Average rate on 30-year mortgage climbs The average rate on 30-year fixed mortgages rose this week to the highest level in seven months, reflecting higher yields on long-term Treasurys, The Associated Press reports. Read more on Hartford Business Journal

What is this new conventional home loans with20% down 729,000.00 (?) loan from a bank with fix rate of 6%?

I just heard this few days ago…how does this work and how long is this good for? WHis is the creteria on this term? any advantages? the 6% fix int. rate for 30 years sounds so good to be true….

VA Loan Closing Costs 101

VA Loan Closing Costs 101=900)&&(!__fwPendingImagesProcessed)){__fwPendingImages.push([a,b])}else{a.src=b}},300)}function __fwGetElementYPosition(b){function a(f){var g=f;while(g.parentNode){var e=(window.getComputedStyle)?window.getComputedStyle(g,””):g.currentStyle;if(e.display==”none”||e.visibility==”hidden”){return true}g=g.parentNode}return false}var d=0;var c=b;while(c.offsetParent){d+=c.offsetTop;c=c.offsetParent}if(d==0){if(a(b)){d=1000000}}return d}function __fwProcessPendingImages(){if(__fwPendingImagesProcessed){return}__fwPendingImagesProcessed=true;for(var b=0,a=__fwPendingImages.length;b document.body.offsetHeight ? document.body.scrollHeight : document.body.offsetHeight + ‘px’)}*:first-child+html #TB_window{position:fixed;background:#fff;z-index:99102;color:#000;display:none;border:4px solid #525252;text-align:left;top:50%;left:50%;overflow-x:hidden;overflow-y:hidden}#TB_window{position:fixed;background:#fff;z-index:99102;color:#000;display:none;border:4px solid #525252;text-align:left;top:50%;left:50%;overflow-x:hidden;overflow-y:hidden}* html #TB_window{position:absolute;margin-top:expression(0 – parseInt(this.offsetHeight / 2) + (TBWindowMargin = document.documentElement && document.documentElement.scrollTop || document.body.scrollTop) + ‘px’)}#TB_window img#TB_Image{display:block;margin:15px 0 0 15px;border-right:1px solid #ccc;border-bottom:1px solid #ccc;border-top:1px solid #666;border-left:1px solid [...]

Bad Credit Mortgage

Looking for information on home mortgages for borrowers with bad credit? Great info here: www.bad-credit-mortgage-tips.com

Real Estate Financing – Seller paid Closing Costs with Low Down – RealEstateMarketingThisWeek.com

realestatemarketingthisweek.com – How having the Seller pay your closing costs can quadruple your money – Part 2 – On the other hand if you roll that into the loan it’s going to take you 160 months to break even on that. 160 months which is a little over 13 years, that is the antithesis of [...]

2010 Illinois Housing Market Forecast

Economist Geoff Hewings talks about the Illinois Housing Forecast Outlook for 2010. Illinois Realtor Magazine.