Posted by admin on May 30th, 2008
Responding to the bursting of the housing bubble that happened in the last quarter of 2007 and which continues to be felt to the present day, the FHA (the Federal Housing Administration) has eased off on some of its loan-approval guidelines and raised many restrictions on loan amount maximums. The FHA changes were passed by a vote of 93 to 1, with 6 abstentions, in the U.S.
Posted by admin on May 30th, 2008
The severe drop in approved mortgages are being blamed for UK homebuilding giant Persimmon's report that it will halt work on new sites until the market improves. Recent reports indicate that the number of approved mortgages has plumetted to 50 per cent of what it was last March.
Posted by admin on May 30th, 2008
Why should I apply? There are many reasons to apply for a home loan refinance, although some are not good reasons. The main good reason is to reduce the amount of interest payment during the balance of the loan term.
Posted by admin on May 30th, 2008
The housing market has really been sinking, and although we've been lucky in the western U.S. real estate market with rising sales lately, overall, the market still stinks. If you are one of the unlucky people faced with a mortgage you can't afford, there are a couple of options out there.
Posted by admin on May 30th, 2008
Chances are you'll have never met a reverse mortgage lender before but you'll be placing your home and your future happiness in their hands. Even before you go and visit them you should have done your research and have a list of questions to put to them. A lack of preparation or forethought on your part could jeopardize your retirement plans, your wealth and your happiness.
Posted by admin on May 30th, 2008
Oil prices surge and mortgage rates follow course. Learn how oil can effect mortgage rates and the market.
Posted by admin on May 30th, 2008
Whilst it's natural to feel compassion and empathy for the struggling mortgage holder, suffering under the burden of extreme financial distress, they (along with other contributing factors) are partly responsible for their condition. Furthermore, if they have any hope of recovering from their position, they should take ownership of it and work proactively to overcome it as opposed to looking for someone or something to blame for their condition.
Posted by admin on May 30th, 2008
Are you self employed, an independent contractor, or a tipped employee? If so, then you know how difficult it can be to find a loan or a mortgage. When you cannot prove your income it becomes very difficult to get a good mortgage, but there is a solution and it is called no documentation loans. Here are the situations to use a no doc loan in.
Posted by admin on May 30th, 2008
Is the mortgage market ever going to go back to normal? The stated income and the no doc mortgage will be the top options in the next couple of years for new home loans and refinances. These types of loans have changed their requirements over the last few months and getting a stated income or no doc mortgage has become even easier than it used to be. The credit score requirement has become a bit lower and the other requirements have also become a bit eaiser.
Posted by admin on May 29th, 2008
With the residential housing sector in turmoil more and more families are choosing to live in apartment buildings. The multi-family sector of the commercial real estate industry is booming. In this article the President of MasterPlan Capital LLC, a commercial real estate investment banking firm, reveals the hottest categories of the rental housing market. Getting a commercial mortgage loan approval is easy if investors chose the right property.
