FOR BORROWERS IN MARYLAND WHO: Want an alternative to a 2nd mortgage Are looking for a cost effective way to repair or improve their current home in Baltimore Plan to purchase a home with repair contingencies in Maryland Want to rehab a damaged foreclosure in PG County Maryland WHY IS FHA 203K A GOOD IDEA [...]
It’s time to revisit the pre-approval amount that you qualified for your SF Bay Area home mortgage application, if that was done more than 2 weeks back. The big reason – mortgage rates have spiked by ~.75% in just over 4 weeks. Last week Freddie Mac released the results of its Primary Mortgage Market Survey®, [...]
San Francisco Mortgage Rates rise for the 4th straight week – Now up .50%. Freddie Mac today released the results of its Primary Mortgage Market Survey®, which found that once again, both Fixed and Adjustable mortgage rates for Bay Area and rest of California rose this week. This was the fourth week in a row [...]
You can’t turn on the news these days without hearing about the Federal Reserve Board’s attempt at keeping interest rates low to spur more lending (for mortgages, business lending and other consumer loans) via a plan known as Quantitative Easing part 2 (QE2).
Home-buying in Maine should be one of the most exciting experiences of your life.
At the same time, it is important not to let the excitement overcome your better judgement. If you just avoid some common mistakes, you can be as excited about your decision ten years from now as on the day you move in.
Here are 7 mistakes to avoid when shopping for a property and a home loan:
Last week San Jose mortgage rates sank to the lowest level of the year. According to Freddie Mac’s Primary Mortgage Market Survey® 30-year fixed-rate mortgage (FRM) averaged 4.84 percent with an average 0.7 point for the week ending May 20, 2010, down from last week when it averaged 4.93 percent. The 5-year adjustable-rate mortgage (ARM) [...]
Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be [...]
Mortgage rates took a major beating last week after Fed officially stopped buying mortgage backed securities. Fannie Mae 30 year (4.5%) mortgage bond opened the week at 100.44, and closed at 99.47, a drop of whopping 97 bps (see chart below). The mortgage rates for most of the conventional loan programs had jumped up by [...]
Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals. While there are several several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 [...]
The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before. When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised next to the note rate. The inclusion of an APR is actually mandated by [...]
*This is not an offer to lend. 
Upside down on your Rhode Island home loan?
HARP 2.0 Refinance Program for Orange County Home Owners
4 Easy Steps to HARP Program Refinance Bliss for Upside Down Florida Home OwnersHARP 2 Refinance: A Quick Guide
New HARP 2.0 Refinance Loan Program is Expected to Help Thousands of Underwater Homeowners in Atlanta
