Posts Tagged ‘ Home Loans ’

Interest rates have fallen to the lowest level since tracking began in 1971.  The average rate for a thirty year fixed rate home loan is 4.69%.   In general, if you plan on being in your home for at least five more years and the current interest rate you are paying is at least one point...
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It is really important to get pre-approved for a home loan before you go out looking at homes with your real estate agent.  This is usually a quick process that can often be done over the phone.  Why is it important? You should look at homes in the right price range.  You may end up...
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If you are having trouble making your mortgage payment, we wanted to let you know about some resources that might be helpful for you.  These are all available through the U.S. Department of Housing and Urban Development website, www.HUD.gov.   The counselors can help you evaluate which options will be best for you.  Links: Foreclosure...
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I was at the gas station today and noticed the landscaper working on the palm trees.  This was not something I would have ever seen in the mid-west.  These were mature very tall palm trees.  He was climbing the tree in a manner similar to a technician climbing a telephone pole.  He had a...
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CNN/Money indicates that the government loan modification program has been changed to allow home owners whose loans are for up to 125% of their homes current value to participate.  Previously it had been at 105% which was a significant limitation to participation particularly in the Phoenix area. For more information – Obama widens mortgage...
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Channel 8, PBS, will be airing a show, Ask a Mortgage Expert,  on Wednesday, June 17 at 7:30pm.  It will include a panel of experts to offer advice to Arizonans facing mortgage crisis.  There will also be a phone bank available with nonprofit mortgage counselors and housing experts that you can call to ask...
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If you are having trouble paying your mortgage, the first person you should talk with is your current lender.  See if you can negotiate some type of loan modification so that you can keep your house and have affordable payments.  Listed below are two numbers that you can call for free to discuss your...
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Mortgage rates have come down this year to levels not seen since 1956. This makes it a good time to refinance or to buy a home. Read more about it at CNN/Money.com – Home Mortgage Rates at 52 Year Low
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The Federal Housing Administration has a new website page full of information that will help you get your financial house in order. The page is titled My Money, My Home, My Future. This is for anyone wanted to review their finances and finacial plans not just home owners. FHA – My Money, My Home,...
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As a follow-up to my previous post on Credit Unions, I thought I should share this article on credit union home loans. It explains how credit unions did not get themselves involved in the subprime mortgage mess and that they do have money to lend. You do have to be a qualified buyer, don’t...
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