All Posts Tagged With: "financing"
Standard & Poors Drops US Credit Rating
The credit rating of the United States of America has been reduced from AAA to AA+ by the Standard & Poors rating agency. In an historic development the willingness of the United States government to fulfill financial obligations has been called into question by a major ratings agency due to “political risks” and a “rising [...]
5Aug2011 | Peter G. Miller | 0 comments | Continued
Mortgages: Should We Jail Optimistic Economists?
In Italy seven people have been indicted for failing to predict an earthquake that killed more than 300 people. “Six Italian seismologists and one government official will be tried for the manslaughter of those who died in the earthquake that struck the city of L’Aquila on 6 April 2009,” reports Nicola Nosengo with Nature News [...]
18Jul2011 | Peter G. Miller | 0 comments | Continued
Can I Get A Foreclosure Mortgage?
If you’re interested in buying foreclosed real estate there are mortgages out there for you. In fact, a possible source of a foreclosure mortgage is the very lender selling the foreclosed property. In terms of financing, real estate is real estate. The fact that it’s a foreclosure, distressed property or home for sale under normal [...]
21Jan2011 | Peter G. Miller | 0 comments | Continued
Up-Front Reverse Mortgage Fee Now Less Than An Oil Change
HUD is out with its newly-minted HECM Saver reverse mortgage and the program has one stunning feature: It requires virtually no FHA insurance premium up front. Reverse mortgages are often in the news, an unusual loan program intended for home owners age 62 and above. In essence, a reverse mortgage is a huge, negatively amortizing [...]
4Oct2010 | Peter G. Miller | 1 comment | Continued
How The VA Funding Fee Really Works
VA loans are built to minimize the financial impact on military members who qualify for the program. Credit and income requirements are generally more lenient than conventional loans and sellers are allowed to pay a sizable portion of closing costs and concessions. On top of that, the Veterans Administrations caps what veterans can pay in [...]
29Jun2010 | Chris Birk | 0 comments | Continued
Veterans, VA Loans Weather Wave of Foreclosures
Foreclosure filings dipped slightly in May as the nation’s lenders continued to slog through almost two years’ worth of distressed properties, according to online foreclosure hub RealtyTrac. Ten states accounted for more than 70 percent of the 322,920 filings last month. California alone accounted for more than 22 percent of that total. In all, foreclosure [...]
17Jun2010 | Chris Birk | 0 comments | Continued
Are Low Mortgage Rates Over?
It’s been quite a week on the mortgage front. According to Freddie Mac, as of last week rates for fixed-rate, 30-year mortgages went from 4.91 percent to 5.29 percent, both with 0.7 points. That’s a big jump for a seven-day period, but let’s have some context here: Last year at this time the same loan [...]
9Jun2009 | Peter G. Miller | 0 comments | Continued
Will You Become A Foreclosure Statistic?
You have to figure that most owners who lose their homes in a foreclosure never thought it would happen to them. It always happens to someone else — you know, the people who get sick, laid off, have an accident, that sort of thing. So you might think: Foreclosure. That will never happen to me. [...]
22Sep2008 | Peter G. Miller | 0 comments | Continued
10 Ways To Buy Homes In A Down Market
At first it may seem like a no brainer, low-hanging fruit and child’s play, but purchasing in a down market is not as easy as it may seem. The problem is not a shortage of homes or a lack of sellers willing to bargain, rather it’s that buying in such a market can be risky. [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
How To Buy 200 Foreclosures A Year
For many people it’s not the best time to be in real estate. Markets have slowed or declined in most local areas and financing is tougher to get than a year ago. Chicago’s Joseph Varan is also cutting back — this year he expects to buy no more than 200 homes. Varan is the president [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
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