Tagged : financing

New RESPA laws go into effect on January, 1st 2010 On July 30th, 2009 the Mortgage Disclosure Improvement Act was passed into law in order to provide a greater level of protection and disclosure for potential mortgage borrowers. This act has been implemented in stages, with the final sections taking effect on January, 1st 2010. How will this affect you as a home buyer besides meaning you have even more paperwork to sign at closing? Well the answer is mainly it can change the entire time line ... Read Full Post

The fact is that people who can think for themselves and don't let the media hype scare them are the same people that usually do the opposite of everyone else and at the end of the day, they are the ones that make money before the rest of the world has even figured out what is happening. It's true, smart money makers are not followers that react to the scare tactics of the ratings whores on the 6 o'clock news every night. Instead they are well ahead of the news reports. The news broadcasts an... Read Full Post

Have you ever wondered what your mortgage can do for you? Well, of course, real estate can always be seen as an investment, and there is that tax deduction, but beyond that, a mortgage seems like a big drain on the bank account. If you are smart about it, however, you just might be able to turn the tables and make your monthly payments get something for you in addition to that dream house that you are making monthly payments on. Recently American Express unveiled a plan that allows consumers ... Read Full Post

We are only seeing a few foreclosures/bank owned properties in Piney Orchard so far, but chances are within the next 18 months we will see many more as adjustable rate mortgages kick-in. Now that market values for Piney Orchard real estate have dropped properties are not as easily refinanced. The reason being that homebuyers who have purchased with 100% financing after 2005 have actually seen a decrease in value. Therefore, it's difficult to refinance the full amount for those borrower's that... Read Full Post