Tagged : mortgage

The housing market on a national level has posted some good gains in December. Avg selling price has increased sametime last year and the increase in resale inventory as well. Carney is still advising Canadians to watch debt levels as these rates will not last for ever. This is'nt a bad thing, we all should be watching debt levels and forcing ourselves to have a reserve fund. With the rates this low it is fueling the demand for real estate assets. If you need any additional information on rea... Read Full Post

Mark Herman’s MARKet Update Winter, 2011 86,ooo new jobs, 14,ooo less people on E.I. & 16,ooo new immigrants in Alberta. Someone else IS going to buy that house before you do. The Canadian economy is the strongest of the G7 and recovering. When the recovery takes hold, rates and prices are expected to rise. Alberta will maintain the strongest economic growth in Canada and America. Mortgage rate 110-year low was 3.79%, is now 3.39%! Variable is at Prime -0.3% = 3%-0.3% = 2.7%. 5% down an... Read Full Post

These days, there are endless places online for a buyer to get information on buying a home in the Hudson Valley. A quick search on Google will result in numerous articles and blog posts covering all things real estate: step-by-step tutorials, tips, tricks, steps, & lists. But getting pre-qualified or "pre-approved" to buy a home isn’t typically mentioned, and I was surprised. I felt the need to touch on this very important phase in the buying process. Once a buyer "decides" to buy (wei... Read Full Post

Here are 10 Tips for Buying Your First Home Before you look, call a great lender. You need to know how much of a loan you will qualify for and how much your monthly payment will be. You want to be delighted by the home you fall in love with, not disappointed that you can't afford it. Fix your bad credit. Again, rely on a good lender to advise you on ways to raise your credit score. This could take some time, so be sure to check your credit well in advance of your home search. You may need a d... Read Full Post

Before I get into the arguments for this question, let it be stated that underneath the layers of pregnancy fat and pure feminine dynamism, I am really just a great big chicken when it comes to locking in a mortgage rate. I locked a couple years ago, and I’m so mad that I did! I could have easily waited, but I had my dad, who went through the Carter administration and 21% interest rates, breathing down my neck and telling me I was mad not to lock. Then I started thinking that it would be ni... Read Full Post

Feel like things are getting worse? Not necessarily, especially for Hudson Valley home owners. Interest rates have now reached their lowest point ever! Freddie Mac announced on Thursday 8/18/11, that the average for a 30 year fixed rate mortgage has dipped to 4.15%, breaking the previous record of 4.17% set in November of 2010. In addition, Interest rates on 10-year Treasury notes dipped below 2 percent to the lowest levels in 70 years. Fixed-rate 30-year mortgages are typically priced at two... Read Full Post

In 2010, in spite of the abysmal conditions of Dubai real estate, no bank was ready to use interest rate as a tool to increase the demand of Dubai properties. It was because the portfolio of non performing loans was increasing. Default rate on mortgage loans was high and even the owners of the completed properties were not ready to take over the ownership due to the fear of losing their investments. The year 2010 showed stability in property prices in some areas in Dubai especially where supp... Read Full Post

Reports today stated that mortgage rates are at historic lows. Yet still the housing market is slumping, but it could get worse. Federal regulators recently proposed that in order for home buyers to get the best mortgage rate, a minimum down payment of 20% must be made. There are also calls to eliminate Mortgage Interest Deduction tax breaks (known as MID). The intentions are good, in trying to prevent the risky mortgages and tax shelters that contributed to the recent housing crisis. But the... Read Full Post

Have you encountered an advertisement proposing to save you thousands of dollars on your thirty-year loan and scratch years off your expenses? With email "spam" becoming more pervasive as everybody attempts to "get rich immediately" on the internet, these advertisements are turning up with troublesome regularity. The ads promote the "Bi-Weekly Mortgage" for homeowners of Las Vegas homes and for the most part, do not come from a mortgage lender. Exclamation marks accentuate practically every t... Read Full Post

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