Mortgages & Financing

admin on May 31st, 2011

We are buying a house and are looking for 1M mortgage.    I’ve been quoted for 30Yr fixed: 1st 729k @4.5% and 2nd @4.25 with 20% down or 10/1 ARM 1st @4.0% and [email protected]% with 25% down   Are these good rates? given the expected rate increase (but when?) is it still better to get [...]

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admin on May 31st, 2011

CW said a guard who was discharged in 7 / 2008. The foreclosed home was not an FHA loan from the government or other guaranteed because it was a multi-family property and were not available as such. My credit card is currently just over 620 and rising. I am looking to buy something around 100 [...]

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admin on May 31st, 2011

Americans are reducing mortgage payments at a record clip, directing cash that once went for debt into consumer spending and savings.   The nation has slashed total mortgage debt from nearly $ 11 trillion at the mid-2008 peak to $ 10.3 trillion in the first three months of 2011, the BEA reports.   Low interest [...]

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admin on May 31st, 2011

Hi Everyone – question for you We are in the process of Moving to California from Wisconsin   We weren’t able to sell our house there but were able to lease it for 2 years for a rate that covers Mtg, Taxes and Prop Mgmt fees so I think we did very well.   We’re [...]

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admin on May 31st, 2011

We been into the market from almost 6 months. We gave 3 offers and then withdrawn during contingency period due to many reasons( we found our agent didn’t tell while giving offers, e.g.. Offering too high, too much repair costs etc. Etc.) Now we are just fed up with our agent and now thinking to [...]

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admin on May 31st, 2011

How do I find one? What’s the screening process like?     by TheTruthAbout With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What [...]

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admin on May 31st, 2011

see a house that was close to putting an offer, but has reservations about the amount of work needed for the location and the fact that there were so many things in the house that the owner needed an extra week clear the way (no, I’m not kidding) from the entrance to each room of [...]

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admin on May 31st, 2011

I currently have 4 mortgages.  Does anyone know how many more mortgages I can carry? Any specific lenders or mortgages folks who have experience with this? by inspecie.co.uk I have an interest only mortgage with my mortgage lender but I would now like to let my house out. I have been advised that if I [...]

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admin on May 31st, 2011

I have cash, but the plan to go, after 20% down … I know it will not recover but remains constant for some time after the initial 20%. Interesting article below. http://www.stltoday.com/news/national/article_b9290879-0430-55a4-8bbb-298dcd8890b9.html style = “float: left; margin: 5px; font-size: 80%”>

Continue reading about Staying on the sidelines …

Quite a few of the HUD approved condo projects eligible for FHA financing are going to lose that designation shortly. If you intend to purchase a condo in the coming months and will be using FHA insured financing, best to have your ZipRealty Realtor see when the HUD approval expires for the project you’re interested [...]

Continue reading about Buying a Condo with FHA insured financing? Is the project still approved?