Sep 28
Should I refinance before or now that mortgage rates are falling?
I bought my 210K home in July. 30K left and mortgaged the rest with a 30-year fixed at 6.375%. My monthly payments are now about $ 1200. Should I refinance?
There is no good answer for this. Rates are for now, and this may be a good time to refinance, as some think that rates will rise as inflation hits because of all loans that the government has to do. If rates at the bottom now? Nobody knows.
Mortgage Rate At Lowest Levels
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Sep 27
Mortgage rates?
I keep hearing that mortgage rates will probably remain stable until mid-2008. Have increased since 6.15 to 6.75 in the last 6 weeks. I'm building a house, and will not be able to secure a mortgage rate until probably mid-August. In If "buying" my mortgage rate of 6.75% for $ 750, or should I wait? What are the chances that rates will exceed 7.25% in the next three months?
If you can block that pace at this point to 750.00, my advice would be to do so. Nobody has a crystal ball, but the rates show no signs of fall in the short term. As mentioned above, rates have increased 0.5% over the past two months. Take the bird in the hand. This will give you peace of mind.
Mortgage Applications Fall as Rates Climb
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Sep 16
loans reflects "weak" mortgage market for number of mortgages for house purchases grew 7% in July, but loans a first-time buyers fell by 2%, the Council of Mortgage Lenders says mortgage demand remains weak, although loans for house purchase housing increased by 7% to 56,000 in July compared with the previous month, according to latest figures published by the Council of Mortgage Lenders. The value of loans for house purchase increased by 9 …
Westpac banana smoothie video on mortgage interest rates – plus response
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Aug 25
Is 30-year fixed mortgage rates down once a fee?
Everyone keeps saying the economy needs a good home – well, I I'm certainly willing to do my part to spend more once they have refinanced my current mortgage. However, it seems that the 30-year fixed rates continue to hover around 6 to 6.25%. Is there any reason to believe that these rates will fall?
Just like everything else will go down and go up. I've been in real estate 30 years and seen many things happen that "everyone", said he was going to happen. A practical answer to the question you think you are asking is that I do not think that rates mortgage will be much lower in the short term could be higher next year. Investors who provide money for 30 year mortgages are concerned that inflation will return and are not willing to commit to lower rates.
refinance home loan low mortgage rates information and tips
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Aug 02
Which bank offers the lowest interest rates to refinance the mortgage in California?
I have to refinance my second / investment home Milpitas California and I am looking for a mortgage broker or a bank offering lower interest rates based on FICO score 700 or more. It is preferable a loan program with the minimum monthly payment is preferred.
find the best rate you can find and then add 1% (one point is what is the standard when it comes to add an investment house) A mortgage broker is supposed to find the best rate of all firms with which it works. If you do not have a good shop around. Here is a website to find the mean and the best rates: http://www.bankrate.com/brm/default.asp
Provides information about Mortgages, Mortgage Rates, Home Refinancing, Home Equity Loans and many other Mortgage related topics
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Jul 22
debtfreedomination.com
[mage lang=”en|es|en” source=”flickr”]mobile homes for sale[/mage]There are thousands of travel trailers that FEMA bought for Katrina hurricane relief sitting in an airport in Hope, Arkansas. It seems as if it will not be able to use many of these houses. Will selling these houses to try to recover part of its cost. If so, how I buy one or 20 of the mobile homes.
I do not think they are allowed to sell those. But here is your site going to ask them. Managing agency emergency federal FEMA website http://www.fema.gov/ Good Luck
Beautiful 2 Bedroom 2 Bath Mobile Home for Sale – UPDATED PRICE!!
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Jun 26
How I can monkey mortgage interest rates home? I do not want a quote.?
My current website is updated daily. Scroll to the bottom of the page. http://www.lenderhomepage.com/content/template62/blue/Inner.php?page=rates&acctid=100719
Mortgages and Interest Rates Revised | WAHomeowners.com
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Jun 08
debtfreedomination.com
More people are buying homes and condos. The home and condo sales are up 11.4% in the first quarter of 2010 compared to 2009. The reasons are very simple – The low prices and low interest rates. Short sale and foreclosures represent more than half of all sales in some markets.
Short sales and foreclosures are presenting some truly amazing deals and buy one of these great offers is what you are looking for. To get the best deal, it is important follow a few critical steps in the purchase. This short guide will give you the basics of buying on the market today.
1. Define what you want
What is what you want in a home or condo? What do you pay? Where do you want to be found? Answer these questions before taking it seriously. The number of properties available in the markets for short selling and execution make this really important. When you're navigating, this step is not so important, but when you think you are ready to explore the purchase, you really should define your wishes and needs.
2. Knowing the market where you buy
You need to know the local market smaller markets in the convenience markets. You can find a wealth of information and price trends in zillow.com, trulia.com, and many housevalues.com others. Such services are ideal for research, but the information is often a few months ago. More current information is available in an active agent local real estate.
3. Get your financing in order
In many cases, these days we are dealing directly with banks and companies mortgages. When we make an offer on a short sale or foreclosure, financing or proof of funds must be in place.
4. Venture
Once you know what you want, it's time to view the properties. Viewing properties is a process. You can start with a list of properties that interest you, maybe five , or ten. You can get that list of different places, but the list of the best, probably, your local real estate agent.
It is possible that as few or any goods in the first list. Do not be discouraged, this is part of the process and very normal. What is the best real estate agents do is ask questions about each property In order to determine what you like and dislike. The next time you go out you will see the properties on the basis of these criteria. Continue the process until you find the house or condo that meets your needs. Then you are ready for the offer and negotiations.
5. Make Offer
How low do I go?
The offer you make will be based on a few main factors:
* How long has the property on the market?
* Are there other offers?
* Competition in the price range
* The time and patience
* You
One bedroom two to two bath condo on the beach at a low price may out competitive bids. If the property is in the market for a few days and has several offers, is well below the listed price will probably not work. If property has been on the market for a long time, going down makes sense. For short sales and foreclosures, often wait weeks or months for a response banks so that it takes patience. You have a better chance to go low short sales. Once the bank has foreclosed on a property, set a price that is searching based on the market today.
Meet local sales numbers. What price range are the majority of sales take place? In some markets, homes and condos for sale $ 200,000, up more than 75% market share. If you are bidding on a hot price range, there may be more competition.
The decision to bid for a property is yours and depends on you more than anything else. A real estate can offer a guide, but you need to take the decision. Let the real estate agent to obtain all available information on ownership and recent similar sales and tell you what think, but you have to decide.
6. After your offer is accepted
After the offer is accepted must obtain an inspection. An inspection is necessary for you to protect yourself. It is also necessary to carefully read the title of reports, especially if additions or modifications are made. Make sure what should have been allowed was recorded properly.
Read the Evaluation Report. You are in search of errors, lack of benefits and anything I can do the estimated value below what it should be.
7. Get Help
A good real estate agent should make the process as easy as possible. Find out who is the best short sale and foreclosure agents are in your area. The officer must have training and certification and a history closing of such transactions. If you hire a lawyer or accountant, hire the best you can afford. Get the best help I can.
After these Seven steps can help you get a great deal in buying short sale and foreclosure.
Michael Byrne is the owner of CenterPointe Realty in the Daytona Beach Florida Area. With his wife Lynn, they have over 13 years of marketing and selling homes and condos. They have worked with sellers and buyers to close over 50 Daytona Beach foreclosures and short sales. Lynn is recognized as one of the top experts in distressed property in the area. To learn more go to ==> Daytona Beach Real Estate
Short Sale Solutions ~ Training for Real Estate Agents
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May 29
How long will it take the / 4% interest rate of 3 per latest cuts affect mortgage rates and loan companies?
With the Fed decision to cut interest rates, I understand that banks follow suit and lower interest rates. How fast is needed for these changes to go into place? At what point should people start to research to refinance their mortgages and other loans in which they actually reflect the new rates?
Unless you have a fixed rate mortgage, mortgage interest rates today are very important in deciding how much you should pay every month
