Home Value Decline Bottoming Out (video)
Zillow reports the decline in home values have started to bottom out. Related articles by Zemanta Goin’ broke (just slower than before): Zillow.com, the real estate news and… (sf.curbed.com) US house prices fall 12pc in the second quarter (telegraph.co.uk) Sites that get your home ready to sell...Is It Time For An ARM?
Posted by yourmortgageplanner on Aug 6, 2009 in Financial Awareness, FTHB, Investors, Mortgage Rates | 0 comments
At least one thing is back to normal in the mortgage markets — it’s no longer cheaper to go with a fixed rate mortgage than an ARM.
As reported by Freddie Mac, a conforming 5-year ARM is priced a half-percent lower than a comparable 30-year fixed.
Earlier this year, the pricing was...
How To Purchase A Home As A Co Borrower
Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common. In the video above —...How To Buy A Second Home – Bank Owned REO
With Mortgage Rates at historic lows and a Plethora of REO and Bank Owned homes, now there is no better time to buy a Second...Cuba Used To Have Mansions – 2009 Chicago Tea Party
Posted by yourmortgageplanner on Feb 20, 2009 in Credit Crisis TARP, Economy, Featured Articles, Financial Awareness, Investors, Say What? | 0 comments
In Mesa, Arizona, Wednesday, the President presented the Homeowner Affordability and Stability plan, a multi-pronged effort to support the housing market.
The story made the front page of nearly every newspaper in the country.
The president’s plan is worrisome:
Incent mortgage servicers to work with...
Fannie Mae Rolls-Back Investor 4 Property Limit
Posted by yourmortgageplanner on Feb 12, 2009 in Financial Awareness, Investors, One Step Ahead | 3 comments
Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th,...
