By admin on January 30, 2010
The loan process you follow when searching for a construction loan has some similarities to that of obtaining a regular mortgage. You will still be judged on your income, credit, savings and monthly debts just like a regular mortgage. However, with a construction to permanent loan, there are a few additional factors that lenders consider. [...]
Posted in Business and Finance | Tagged about, construction, how, know, loans, need, really, to, what, work, you |
By admin on January 28, 2010
PMI is just extra fees and has nothing to do with your principal or your interest. Taking on two mortgages is only about the money you borrow and there are no extra costs such as private mortgage insurance. PMI or Private Mortgage Insurance is normally required when you buy a house with less than 20% [...]
Posted in Business and Finance | Tagged an, depth, in, insurance, mortgage, private, review |
By admin on January 26, 2010
Owner builders save themselves a lot of money by managing the construction of their homes and cutting out the costs of a general contractor. However, for owner builders who have never built before, there is a very important lesson to learn about the owner builder loan timeline before getting too far into the planning process. [...]
Posted in Business and Finance | Tagged a, builder, for, in, lesson, loans, owner, time |
By admin on January 24, 2010
Stated income home loans are now a thing of the past as Fannie Mae and Freddie Mac suffer with more defaults. Now consumers must qualify with full documentation and won’t be able to qualify due to debt to income ratios. This will affect over 70% of California and Florida homeowners needing to refinance their adjustable [...]
Posted in Business and Finance | Tagged best, get, helpwhat, is, loan, modification, modified, my, the, to, way |
By admin on January 22, 2010
With the current fear of the house price crash, it is no wonder that people, couples, families and professionals are desperately seeking to sell their property in a bid to recoup some money. This may seem like a gloomy time for many struggling and hard working individuals, especially for those who have purchased their own [...]
Posted in Business and Finance | Tagged before, compare, do, mortgage, rates, to, what, you |
By admin on January 20, 2010
As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they were passed on Monday, these rules wont take effect until October 2009 to give time for companies to transition to [...]
Posted in Business and Finance | Tagged 2009, for, laws, mortage, mortgage, new, reconstruction, the, time |
By admin on January 18, 2010
The nation is all a buzz with talk of the housing market, and chances are, you’ve seen foreclosures popping up all over the place–including your own neighborhood. It’s not a short-term problem (foreclosure rates having been climbing for some time now), and people are beginning to investigate to determine who is really at fault. Who [...]
Posted in Business and Finance | Tagged about, know, mortgage, need, to, what, you, your |