Category Archives: Mortgage
How to qualify for a home loan
When you apply to a lender for a home loan there are a number of important points the bank will look at. Firstly your income, we will work out how much money you are earning, how much money you have to pay out to other loans and then determine how much money you can borrow. Then we will look at you yourself and see that you have a stable job or form of income. The bank will also look at your credit history to see that you have been paying all your bills on ti......
Today’s historically low housing prices and interest rates make this a great time to consider moving to San Diego. If you are new to the area, you will quickly learn that San Diego is not only a sound location for real estate investment but a wonderful place to live, work and play. San Diego boasts a pristine coastline, magnificent weather, robust history and all of the convenience and culture expected of a modern metropolis. First time home buyers in San Diego have a wide range of o......
Rising mortgage rates prompted more first-time home buyers to purchase homes last month.
That was one of the conclusions of the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
While mortgage rates began increasing from record lows in early November the first-time home buyer share of home purchases surged from 34.4 percent in October to 37.2 percent last month.
“The recent surge in interest rates has made potential home buyers nervous,” said Thomas Popik, d......
May be you have heard of FHA loans but it is possible that you may not know what they are exactly. FHA loans are only provided by FHA lenders. But still the question remains that why and how to take this specific type of loan. First let us time travel to the year 1929. A huge financial breakdown shattered US market. The banks were incapable of paying the loan amount. The homeowners as always were fully dependent on the banks to reimburse their loans. This critical condition left common peo......
An expert has said demand for rental homes is higher in the south than in the north.
Landlords seeking competitive home credit products such as tracker mortgages for residential properties they wish to rent could be well advised to purchase houses in the south of the country, if one expert’s comments are anything to go by.
According to Malcolm Harrison, spokesman for Let Insurance Services, there is currently a higher level of demand for homes in southern areas of the UK than in nort......
The number one lender in the country admits it sold faulty information on loans to Fannie Mae and Freddie Mac and will pay more than over $2.6 billion to settle claims. The lender giants backed by the government is trying to force other lenders to buy back loans that may have been made with incorrect data on income and home values.
Perhaps this is a lesson for investors and lenders that being greedy isn’t necessarily a good thing and if you do wrong it will end up back in your lap at......
House prices have finally started to stabilise and even though the prediction is that they will rise in later 2011, homeownership has become more within reach of the average family.
The banks price indexing shows that while the smaller homes have increased in value / purchase price, the larger homes (closer to the million price range) have decreased in value. The average house price purchase in November (according to First National Bank) was around R780,000.
The National Credit Regulators ......
Buy to let mortgages in the US are becoming more and more popular by the day, particularly in areas such as Miami as the property is fairly cheap and there are lots of people coming in and out of Miami all year round, working for a little while in The States before moving back home again and therefore there is always a constant need for temporary accommodation.
The main reason that the Buy to Let Mortgage is becoming popular is owing to the fact that it can provide a great source of income......
Choosing qualified mortgage broker and buying a house are starting points in an investment. It is therefore important for home buyers to do a thorough research on the broker’s credibility and capability to bring out a good deal. For first time home buyers, there are certain areas to deal with to narrow down the search for the best broker in Edmonton.
First, know the reputation of the broker you are going to work with. It is also necessary to know the kind of reputation that the com......
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