Rates have increased by 1/4% for 30 year Fixed Conventional and FHA loans, the rates are 4.75% and 5% respectively.
Your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment. Contact a lender to find out what you would pay.
I got this news by email a couple of minutes ago. This is quite interesting and I definitely will monitor this to see if it actually makes a difference.
Read on…
AmeriDream partners with The Association for Homeowners Across America (AHAA) to offer AHAA Platinum members and new homeowner’s mortgage payment relief protection – DreamKeeper.
Our country is [...]
My goal is to explain the difference between a Buyer’s Representative and a Subagent of the seller. When you the buyer have a Realtor® whom you have not officially hired show you properties, that Realtor is obligated by law to serve the seller’s best interest.
Here is the definition of both:
Subagent. A subagent owes the same [...]
Be sure you find a loan that fits your needs with these comprehensive questions.
1. What are the most popular mortgage loans you offer?
2. Which type of mortgage plan do you think would be best for us? Why?
3. Are your rates, terms, fees, and closing costs negotiable?
4. Will I have to buy private mortgage insurance? [...]
Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive—and organized—its members are.
1. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale.
2. What covenants, bylaws, and restrictions govern [...]
