I just came across this really cool tool on CNN Money.com. It only takes about 3 minutes to plug in the information, and its a good barometer for where you are at. *Full disclosure* – My grade was a B+. GET LINK HERE
Financial Health: A Great Link! Read More »
This debate is unavoidable, so I won’t try to establish any context for this blog post. I’ll just try to keep this very simple for those of you who are searching for some quick perspective on how this current debt ceiling debate might impact residential mortgage rates and fees. ***DISCLAIMER*** I am not an economist.
How Does the Debt Ceiling Affect Mortgage Rates? Read More »
Christmas might be coming early for homeowners in Oregon and Washington! The Obama administration has been putting pressure on banks to come up with ways to extend opportunities to refinance into lower rates in recent months, and it appears that we’re getting some movement on this finally. The original HARP loan (aka: Home Affordable Refinance
New HARP loan “HARP 2” + new FHA loan limits 2011 Read More »
So, if you pay attention to this blog, you know that interest rates have popped up from their mind-boggling lows in early November. Mortgage Refinances still make a ton of sense for many, but some are waiting for a return to the glory of those heady days… and I believe they will continue to wait
Potential Jumbo Refinancing Candidates Read More »
Changing your mortgage can be a daunting task. However, when mortgage rates are falling, the cost savings that one can achieve through refinancing is such that it’s worth the annoyance of going through the process. If you originally took out a fixed-rate mortgage, you are likely paying a higher interest rate than the current going
Refinance Your Mortgage: It’s a No Brainer Read More »
Mortgage borrowers of the world! It’s time for some “real talk” about the true and actual benefits of refinancing a mortgage. I often get clients who are excited about “skipping a payment” as a result of the refinance process. And I in no way want to pour any water on to the flames of excitement
Skipping a payment when you refinance Read More »
I just read an article this morning about how Freddie Mac has posted a 3 BILLION dollar profit for Q2 of 2012. This means a couple things: (objective fact) – That they will NOT require any more “bailout” funds from the federal government to stay solvent. (subjective prediction) – We will no longer see any
The END of Tightening Mortgage Approval Guidelines Read More »
Well, its finally here. the HVCC! (it stands for Home Valuation Code of Conduct) What does this mean? Well it means that all mortgage companies can NO LONGER order their own appraisals for Conforming mortgages. This is NOT a law, but is basically new stricter guidelines regarding appraisals. Fannie Mae is attempting to create a
The Home Valuation Code of Conduct Read More »
Treasury secretary Tim Geithner made some comments today that the Fed has “achieved its goal” of lowering interest rates through the purchase of Mortgage Backed Securites. I don’t know how much longer they will do this… I imagine that this will keep up at least through the summer, but there are no guarantees. With the
Timmy G Says: “Americans Should Refinance Now” Read More »
