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When Shopping For A Mortgage, Do Not Forget To Ask About This!
Your home is most likely your most valued asset. It’s critical to ask the right questions from your lending, legal and financial professionals. Otherwise, the whole deal could fall apart.
Don’t Believe The Hype
I have received numerous calls, emails and questions asking about the “new refinance program” that President Obama mentioned briefly in his speech Tuesday night. While the concept sounds great, it is important to note that specifics were not discussed, except for charging a fee to “the big banks” to offset the cost. Even that requires more clarification.
Choices, Tips and More
Last year was a record for changes in rules and legislation in real estate and lending. One industry veteran surmised that in 2011, there were as many changes as there were working days in the year. That is close to 300!
Five Housing Predictions For 2012
No one really knows what the future holds, but studying tends and data can allow some insight into the beyond. Here are my thoughts for housing and lending in the New Year.
Five Things That Could Affect Housing in New Year
Several research firms have recently declared that housing has hit bottom in many areas and is recovering. However, there are many things conspiring independently and in tandem that could affect housing.
Black Friday, Underwater Loans, and More
When it comes to Black Friday, there are a number of things to take into account. First, is safety. The allure of a perceived bargain can make otherwise rational people acct irrationally. Make a list of what you actually want or need rather than buying what you perceive as a bargain.
Will Harp Help?
As expected, The President announced that Fannie and Freddie would redesign their HARP program to become more accessible to underwater homeowners. Affectionately dubbed HARP 2, the announcement is getting a lot of fanfare. Critics, however, argue that while some can be helped, many will still be left in the dark to fend for themselves.
When It Comes To Lending, Buy The Steak, Not The Sizzle
Flood Insurance expired over the weekend leaving some homebuyers in limbo. Over 5 million homeowners and businesses have flood insurance policies but Congress has not extended the program. Last time Congress snoozed on this, it was a 2 month lapse! If it isn’t approved retroactively, current policy owners are affected too. Housing needs Congress to help, not a hiatus.
AA+merica : Mortgage Rates Seem To Love The Downgrade
The downgrade by S&P earlier this month helped to cause a major stock market correction along with the ire of millions of Americans. It is quite obvious that The US economy is not good; Fannie and Freddie are in poor shape, and jobs are still in despair.
A Politician Gets it Right!
Some weeks, very little occurs in the lending/real estate world. Then you get weeks like this where a number of interesting items appear. Here are some of the highlights.
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