If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.
Entries from June 2010
Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week
June 20th, 2010 · Comments Off on Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week
Tags: Mortgage Guidelines · Mortgage Lending · New Jersey · Pennsylvania · Real Estate
FHA Mortgage Insurance Premiums Approved To Triple In Cost
June 18th, 2010 · Comments Off on FHA Mortgage Insurance Premiums Approved To Triple In Cost
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
Tags: FHA Mortgages · Mortgage Lending
Should You Refinance Your Mortgage?
June 17th, 2010 · Comments Off on Should You Refinance Your Mortgage?
Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.
Tags: Mortgage Rates
Video : The Right Way To Water A Garden
June 15th, 2010 · Comments Off on Video : The Right Way To Water A Garden
In this short video from ExpertVillage, we learn how to make sure our plants get the water they need to survive without getting *too* much water.
Tags: Consumer Interest · Home Gardening
Bank Reposessions Reach Record Levels For The Second Straight Month
June 14th, 2010 · Comments Off on Bank Reposessions Reach Record Levels For The Second Straight Month
According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. All 50 states are up, year-over-year.
Tags: foreclosures · Real Estate
Pending Home Sales Data Shows Great Deals On Homes Are Getting Harder To Find
June 11th, 2010 · Comments Off on Pending Home Sales Data Shows Great Deals On Homes Are Getting Harder To Find
April marks the third straight month that pending home sales are up and today’s buyers should take note. This is because, according to the National Association of Realtors®, 80% of homes under contract close within 60 days.
Tags: Economy · Pending Home Sales · Real Estate
Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing
June 10th, 2010 · Comments Off on Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing
A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.
Tags: Mortgage Guidelines
How To Replace Your New Home’s Deadbolt Locks
June 9th, 2010 · Comments Off on How To Replace Your New Home’s Deadbolt Locks
After moving into a new home, you should immediately replace its deadbolt locks.
Tags: Home How To · Real Estate
Consumer Confidence Hints At Higher Home Prices And Higher Mortgage Rates, Too
June 8th, 2010 · Comments Off on Consumer Confidence Hints At Higher Home Prices And Higher Mortgage Rates, Too
According to The Conference Board, economic confidence is as high as it’s been since August 2007 — 4 months before the start of the recession. Americans are optimistic again. It’s good for home prices but bad for mortgage rates.
Tags: Consumer Confidence · Economy · Real Estate
Moving 101
June 5th, 2010 · Comments Off on Moving 101
Image by ☺ Lee J Haywood via Flickr Moving from one home to another can be overwhelming, but moving to a new city or town can be especially stressful. Consider these suggestions to make your move hassle-free. Keep track of the little expenses. Budget for gas money and even pit stops you might make along […]
Tags: Real Estate