One of the most confusing things for a home buyer in Temecula, Murrieta or Menifee is trying to understand ‘What Rate Do I Qualify For?’ When asked, I tell people, “You don’t qualify for a mortgage rate, you choose the interest rate you want.” This isn’t auto financing where some used car salesman is trying [...]
Sales of previously owned homes hit a five-month high in August, according to data from The National Association of Realtors. Existing-home sales spiked 7.7 percent to an annual rate of 5.03 million units, exceeding economists’ expectations. Total sales, including single-family, townhomes, condominiums, and co-ops, were 18.6 percent higher than they were in August of last [...]
Mortgage rates have reached a historical low. Now is the perfect time to refinance. Rates are as low as 4.125 for 30 year and 3.75 for 15 year mortgages in Maryland. This the best time to see how much $$ you can save! For more information, please contact Bill Sohan at Academy Mortgage at 410-963-2308 or bill.sohan@academy.cc [...]
It’s not uncommon for current and prospective homeowners to ask “Are mortgage rates good right now?” Similarly when evaluating a loan offer they might wonder “Is this a good mortgage rate?” It’s impossible to draw the line saying mortgage rates above a certain number are bad and below it they’re good – whether a mortgage [...]
Mortgage interest rates fell to the lowest levels on record last week in New Jersey and New York! That goes for FHA and Conventional mortgage loans in the New York metropolitan area. The fall in rates in recent weeks is in response to turmoil on Wall Street which makes this a great time to purchase a home [...]
Homeowners often ask how many times they can refinance a mortgage loan. The short answer? There is no set limit to the number of times you can refinance the mortgage for a single property. If interest rates steadily drop lower and lower it’s not uncommon to see homeowners go through a series of no cost [...]
Come to our Maryland Home Buyer Workshop on April 5th or April 7th at 7pm. In just 60 minutes, you will receive the knowledge you need to buy in today’s market. Prospective buyers in Maryland will receive a realistic preliminary estimate of costs and required down payment and a mortgage pre-approval letter you can take to [...]
Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA Below is a video follow up to my post March 1, 2011. See how just a quarter percent can impact this buyers personal finances if they wait to act after April 18, 2011. For Additional Information Or To Get [...]
HUD Raising FHA Mortgage Rates by 0.25% - Seattle, Bellevue, Lynnwood, Washington Markets …well effectively at least. HUD (Department Of Housing And Urban Development) recently released it’s MortgageeLetter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Excerpt > Here is the stated Purpose: This Mortgagee Letter introduces a [...]
FHA Mortgage Loans Seattle, Bellevue, Lynnwood, Washington The Federal Housing Administration (FHA) works a number of programs to promote home ownership. In most cases, FHA loans are mortgages aquired with the help of the FHA. With a small down payment as low as 3.5%, purchasers can buy a house. FHA loans make it easier for [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
