Archive for the ‘Lending’ Category
Saturday, May 24th, 2008
When calculating how much home you can afford to buy, lenders use debt to income ratios (DTI) to determine how much you can safely borrow. There are two ratios used; front and back end ratios.
The front end ratio is a measurement of just the total monthly house obligations. ...
Posted in Lending, Lessons, Real Estate Terminology, Techniques, buyers | No Comments »
Friday, May 2nd, 2008
In the nation's worst-hit real-estate markets, home sellers are suffering a new blow: They are being blacklisted by lenders. As property values decline and credit markets contract, home lenders nationwide are growing ever more unwilling to finance home purchases in sharply declining housing markets, driving prices down ...
Posted in Distressed, Lending, Lessons, buyers | 2 Comments »
Friday, May 2nd, 2008
How many of you out there have sold your home about 2 or 3 years ago for huge profits waiting to buy in again as the market corrects? If this is you, read on as this can be some helpful information that may save you money or even set a ...
Posted in Investing, Lending, Lessons, Uncategorized, buyers | No Comments »
Friday, May 2nd, 2008
Real Estate Wiki, the leading free online encyclopedia in the real estate industry, has added significant new copy addressing foreclosure, pre-foreclosures, short sales, auction and bank owned properties.
According to a spokesperson for Real Estate Wiki, foreclosures are of major concern for many Americans at this time. For example, in ...
Posted in Distressed, Foreclosures, Investing, Lending, Lessons, Real Estate Terminology, Techniques, buyers, seller's | No Comments »
Tuesday, April 29th, 2008
Lawmakers in Washington are considering a law that will change how appraisers interact with lenders and agents. It seems that during this time of distress every lawmaker wants to look like they are doing something without really addressing the problem. What does that mean? Law makers are ...
Posted in Foreclosures, Investing, Lending, Scams | 1 Comment »
Sunday, April 27th, 2008
With lax lending practices during the past decade, FHA loans became almost non-existent. Those times have come to a screeching halt and as the mortgage melt-down continues and conventional loan programs continue to be eliminated, borrowers are turning more and more to FHA loans since they are practically the ...
Posted in Lending, Lessons, Techniques, buyers | 1 Comment »
Saturday, April 19th, 2008
Mortgage Time
Mortgage Market News for the week ending March 28, 2008
Compliments of
John Premysler
Applied Wholesale Mortgage PHONE:
(877) 912-9669 x302
johnp@awnow.com
184 Technology Dr
Suite 200
Irvine, CA 92618
Events This Week:
Jobless Claims Down
GDP Flat
Manufacturing Mixed ...
Posted in Lending | No Comments »
Wednesday, April 16th, 2008
HUD has released a document, 24 CFR Parts 203 and 3500 Real Estate Settlement Procedures Act (RESPA): Proposed Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs; Proposed Rule.
HUD is looking for comments and/or suggestions before deciding to implement it.
The first thing one notices ...
Posted in Lending | No Comments »
Saturday, March 29th, 2008
Mortgage Time
Mortgage Market News for the week ending March 28, 2008
Compliments of
John Premysler
Applied Wholesale Mortgage
PHONE:
(877) 912-9669 x302
johnp@awnow.com
184 Technology Dr
Suite 200
Irvine, CA 92618
Events This ...
Posted in Lending | No Comments »
Thursday, March 27th, 2008
Mortgage insurance companies will no longer insure loans over 97%. Also in order to get 97% financing you will need 680 Fico score, and qualify with income and assets.
On the positive note the 3% down payment can come as a gift from a family member.
Another change that happened this ...
Posted in Lending | No Comments »