While at it’s best levels since record keeping began the Housing Affordability Index may not be a well known Index. Overview The NATIONAL ASSOCIATION OF REALTORS® affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. A typical home is defined as the national median-priced, existing […]
Borrowers Get Credit for Renting and Credit Score May Improve
Renters with a good rental payment history could now be rewarded with better credit scores. Last year Experian, one of the three leading credit-reporting companies, added a section to millions of credit reports showing on-time rent payments. Now two other companies, CoreLogic and FICO, have announced new credit reports and scores for 2012 that will […]
Credit Score Myth
Many consumers are “often confused as to where their credit score comes from,” reports John Ulzheimer, president of consumer education at SmartCredit.com and Bottom Line newsletter contributor. When these consumers hear the term “FICO credit score” they often think that the company Fair Isaac, the company behind FICO, creates their credit score. Ulzheimer says this […]
Mortgage Interest Rates Ease to a New Record Low
The Primary Mortgage Market Survey® (PMMS®), showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high. The average for the 30-year fixed mortgage rate has been below 4.00 percent for six consecutive weeks. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.89 percent with […]
Private Mortgage Insurance Helps You Get The Loan
Mortgage Insurance, also known as PMI, is a supplemental insurance policy you may be required to obtain in order to get a mortgage loan. PMI is provided by private (non-government) companies and is usually required when your loan-to-value ratio — the amount of your mortgage loan divided by the value of your home — is […]
HUD Offering $100 Down Payment on Homes in Missouri including Saint Louis
The Denver Homeownership Center is currently offering $100 down payments for all eligible HUD real estate owned (REO) properties. This includes properties and homes in Saint Louis and Missouri, Purchasers must be owner/occupants, utilize FHA insured financing and offer full list price, which is happening in the marketplace anyway. Additionally the FHA 203(k) loan is […]
Real Estate HUD Wants to Sell in Saint Louis – $100 Down Payment Offer
HUD is very interested in selling homes like the example below in several states including Missouri. One of the incentives is a $100.00 down payment Offer. Buyers will be required to occupy the property among other qualifications. Find out if you qualify for this money saving program today. 314-415-2141 STOP THROWING YOUR MONEY AWAY ON RENT! […]
Bouncing Back If Your Loan is Rejected
Nothing stings like rejection. But just because a lender considers you a poor credit risk today doesn’t mean you can’t turn it around. If your mortgage application is denied, the lender must provide you with information that, if used correctly, can help you become more creditworthy. Read on to find out more and to get […]
Get a Firm Grip on our Rate by
Rates are a major consideration when you’re shopping for a mortgage. After all, you want to find the best one available. You also want to be sure that you are not only able to handle the monthly payments now, but also throughout the life of the loan. Click link for full article
These days adjustable rate mortgages (ARMs) are a good deal!
Call to ARMs “Forget the subprime mess. These days adjustable rate mortgages (ARMs) are a good deal,” reports Ashela Ebeling, Financial Reporter for Forbes magazine, especially for certain well-off home buyers looking to purchase or home owners wanting to refinance. Many borrowers who purchased houses with ARMs during the subprime boom got hooked into using […]