Mortgage Rates Week Review May 4 – 8, 2009 (Chart)
Posted by yourmortgageplanner on May 9, 2009 in Featured Articles, FHA, FTHB, Mortgage Rates | 0 comments
The first week of May is officially over, and Mortgage backed securities once again sold off at the end of the week giving up a total of 30bp this week (FNMA 30 YR 4% Chart). The selloff pushed Mortgage Rates higher for the first week of May. May 2009 Mortgage Rates.
This week we saw the economy shed...
What Is A Reverse Mortgages
With reverse mortgages seniors now have some additional cash-flow alternatives. This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments – and they do not need an existing income to qualify. How does a...Protecting Credit During Divorce
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve. Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills,...Why Shoud I Refinance?
Simple! Refinance Your Mortgage for Rate and Payment Reductions Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. A borrower may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the...Update On 2009 First-Time Homebuyers Tax Credit
Posted by yourmortgageplanner on Apr 15, 2009 in Financial Awareness, FTHB, Random/Old BlOgS | 0 comments
Rer IRS Website:
This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...
