Entries Tagged 'Financing Issues' ↓

Mortgage Rates Hit a New Low!

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Interest Rates have dropped again to all-time lows.  If you have been sitting on the fence to buy a home, now may be the time to get off that fence and begin the process! Subscribe to the comments on this post

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Was Your Loan Modification Successful?

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Many people have tried or are currently in the midst of a loan modification with their lender.   If you have tried or done one, we would be interested in knowing if you were successful or not.  If you were approved for a modification, were you happy with the outcome? Subscribe to the comments on this […]

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If Interest Rates Rise

Filed Under: Financing Issues | 2 Comments »

1%-10% Rule:  If interest rates increase 1%, Buyer purchasing power drops by approx 10% (see chart below) Subscribe to the comments on this post

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The VA Way to Home Finance

Filed Under: Financing Issues | 3 Comments »

Picture a mortgage program that seems to defy many of the lessons of the housing bust: • 91 percent of its borrowers make zero down payments. • Loan amounts go well into the jumbo range, to $1 million and sometimes above, even with little or nothing down. • Credit standards are flexible and generous. Underwriting […]

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Steps Required When Making A Home Purchase Loan

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How Does A Rise In Interest Rates Impact Your Buying Power?

Filed Under: Financing Issues | 3 Comments »

If, at the fixed rate shown below, you qualified for a loan amount of: What loan amount would you qualify for based on a higher rate of: 4.50% 5.50% 6.50% (4.665% APR) (5.679% APR) (6.694% APR) $ 200,000 $ 178,411 $ 160,267 $ 300,000 $ 267,705 $ 240,480 $ 400,000 $ 356,822 $ 320,535 $ […]

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Have We Seen the Bottom of Mortgage Interest Rates?

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Mortgage Interest Rates on fixed mortgages edged up again this week after hitting their lowest level in several decades last month!  Freddie Mac’s average rate for a 30 year fixed loan rose to 4.46% up from 4.40% last week.  Three weeks ago the rate hit 4.17% the lowest level since 1971. Subscribe to the comments […]

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Financing Real Estate? An FHA Loan Could Be the Answer

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