Simple Real Estate Definitions : Amortization
Posted by yourmortgageplanner on Oct 23, 2008 in FHA, Financial Awareness, FTHB, Mortgage Rates | 0 comments
In the widest definition possible, amortization (pronounced: am-ohr-tih-ZAY-shun) is the scheduled process by which a loan’s principal balance pays down to $0.
The opposite of an amortizing loan is an interest only loan for which there is no scheduled principal repayment schedule.
With respect to...
Effective December 13, 2008, Some Conforming Mortgages Will Require Larger Downpayments To Get Approved
Gas Prices Falling May Counter Balance Recession Spending
Posted by yourmortgageplanner on Oct 10, 2008 in Credit Crisis TARP, Economy, Financial Awareness | 1 comment
Given the stock market’s recent performance, it’s not surprising that gasoline’s falling prices are garnering very little attention. That doesn’t make it any less relevant, however.
Since peaking in July, gas prices are off by 20 percent.
Falling gas prices are an important...
Amongst The Doom And Gloom, Have We Found Equilibrium?
Posted by yourmortgageplanner on Oct 10, 2008 in Credit Crisis TARP, Economy, Financial Awareness, Mortgage Rates, One Step Ahead, Say What? | 0 comments
Contrary to what Wall Street economist forecasted pending home sales rose 7.4 percent from July to August. With the WTF Madness in the World markets, could this be the beacon of light that identifies the manifestation of the invisible hand doing its job. Is this the harbinger of the end, leading the to the...
The Impact Of The Federal Reserve’s Emergency Half-Point Rate Cut
Posted by yourmortgageplanner on Oct 9, 2008 in Credit Crisis TARP, Economy, Mortgage Rates | 0 comments
The Federal Reserve made an “emergency rate cut” this morning, dropping the Fed Funds Rate by one half-percent to 1.500 percent.
The move is meant to stimulate the U.S. economy.
When the Federal Reserve changes the Fed Funds Rate, it often takes 9 months for the changes to work their way through...
