Step 1: Do a monthly budget: Most of us have no idea how much money we can afford in a payment. By doing a monthly budget, you can see how much money you are willing to spend each month on a mortgage payment and stick to your instincts. One of the first questions I ask [...]
Full Story »On March 6, 2008 HUD announced a temporary FHA loan limit increase in counties across the United States. The Economic Stimulus Act of 2008 permitted FHA to insurance loans up to 125% of the area median house price. These loan limits now run out on December 31, 2008. After that date all FHA loan limits [...]
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Attention Police Officers, Firefighters, Teachers and EMT’s. If you are in the market for a home you need to be aware of this specialized FHA loan program through HUD called the Good Neighbor Next Door Program. I am helping a couple of teachers right now with this loan and the outcome has been fantastic. Let [...]
Full Story »With the exception of the long bond, intermediate and long-dated Treasuries are up this morning, though off earlier highs. Stock prices are mixed to modestly higher in choppy trading. Today’s economic news was mixed but the major release was much more bearish than observers were expecting. The Institute for Supply Management (ISM) said its index [...]
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What is a 30 year mortgage?
I am ready to close on my home and need to get the utilities turn on, now what?
7 Steps to Choosing the Right Mortgage Lender
Interest Rate Commentary: November 28, 2008
Filed under Mortgage Market Interest Rates by Gary Miljour on November 29, 2008 at 1:01 pm {no comments}Late positioning for the month spurred buying in both stocks and Treasuries today but light volumes in abbreviated sessions may have exaggerated price moves. Some safety flows favored bonds as news of terrorist activity in India continues to come in. Events that may have an impact on the markets often motivate investors to seek areas [...]
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