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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.
Get Your Financial House in Order Before You Finance a House
Mortgage rates possess a macabre quality in that they love bad economic news. Jobs numbers dismal? Expect low rates. Manufacturing off? Rates improve. And so on and so on. In addition, some other stats appear to be dismal but are also good.
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.
For Sale By Owner or Realtor
FSBOs (For Sale By Owner) are getting a lot of publicity lately and their numbers are increasing. The question remains: selling what may be the most expensive asset in your portfolio, should not be taken lightly.
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.
HARP 2 Or Not To HARP 2
With as many as 11,000,000 homeowners estimated to be underwater, any solution to help should be met with huge consumer demand. December 1st was the official date for the new program but , as with most government programs, not all of the ducks were in a row.
Homebuyers Should Remain Confident
The COO of one of the largest private mortgage insurance firms is scheduled to testify in front of Congress in an attempt to increase the already bloated FHA mortgage insurance premiums. FHA has it’s own mortgage insurance, and they just increased it dramatically several months ago.
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.
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