When a buyer wants to buy a home, the Real estate agent they are dealing with usually asks right off the bat: “Have you been pre-qualified or pre-approved for a mortgage?” Why is this …
Since the first of the year, many first time home buyers have staked their claim in the Southwest Florida real estate market. Besides the low prices and historic low interest rates, the tax credit of up to $8,000 has been a huge …
I am stealing that line from Neil Cavuto of Fox Business Network.
In a recent broadcast of Fox News, Cavuto mentioned how someone asked him about mortgage rates. The person was hesitant to buy a new house because mortgage …
Mortgage Prequalification VS Mortgage ApprovalOK, by now most Consumers realize that they should have financing in place before even starting to look for real estate - so I won't beat up on that topic any more!
(BTW - even if you're not a first time buyer take …
Many people in today’s market are hesitant to apply for a mortgage, whether it be a purchase or refinance. They are scared, or more so embarrassed, about the possibility of being denied for the loan. However, those that are denied for a …
Some people still think that things are going to get better. So I decided to hold off one week on writing something, so this way I could write on what did happen. As they say, …
This week it is projected that mortgage rates will reach a 5 year record high. Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will …
If you're a home owner fortunate enough to have a job and a home without a mortgage or a least reasonable payments on your home watch and learn what someone in dire straights has to go through to get a loan modification. It's an …
Effective Monday, April 20, 2009, the income eligibility guidelines for USDA 100% guaranteed mortgage loan financing will be changed. The change, unlike most changes in our current mortgage industry, is for the better. So what is the change?… Higher income limits …
Recently, President Obama talked about the record low interest rates available for home loans and how this is a great time for millions of homeowners to refinance.
Quite a few news sources criticized him for sounding too much like a …