A Look At The Current Mortgage Rates

July 24, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

According to FreeRateUpdate.com, the 30-year fixed mortgages are available at 4.75%.  FHA is mirroring conventional loans and even though FHA loans offer similar rates, the closing costs associated with these rates are significantly higher.  The costs will increase the MI that will be boosted from 1.75 to 2.25% of the amount borrowed on April 5.

The 30-year fixed loans are available at 5.625% with slightly better rates (5.5) for borrowers with extremely low LTV.  For the month of March, the mortgage-backed securities prices that drive the mortgage rates in the opposite direction are flat.  This in turn made the mortgage rates…

Posted by: Admin |
Filed Under: Loans, Mortgage

$1,500 Incentive For Short Sales

July 24, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

Homeowners who are facing possible foreclosures can sell their property for less than they owe and they can also receive cash compensations starting April 5.  This new incentive that is part of the Making Home Affordable (MHA) program of the Federal Government addresses the short sale as a viable option for homes that could potentially be foreclosed.

This federal program will help homeowners who cannot afford to stay in their homes by helping them avoid foreclosure and relocate them to a home they can afford.  This will also help stabilize, simplify and streamline the process of a short sale easier for…

Posted by: Admin |
Filed Under: Foreclosures, Real Estate

Octomom Could Be Kicked Out Of Her Southern California Home

July 9, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

Nadya Suleman, the controversial mother who gave birth to 8 babies may lose her home to foreclosure.  The mother along with her eight babies as well as her other six children could be kicked out of their Southern California home.  Mortgage holder Amer Haddadin says that he is starting foreclosure proceedings on the $565,000 La Habra residence because the family wasn’t able to keep up with the payments.

According to Haddadin’s friend and adviser, Ramsey Masso, Haddadin signed over the home to Suleman’s father last year.  Ed Suleman, who leased the home to his daughter, was supposed to pay about $4,000…

Posted by: Admin |
Filed Under: Foreclosures, Loans, Mortgage, Real Estate

Things To Consider For The Homebuyer Tax Credit

July 9, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

The deadline for the federal homebuyer tax credit is drawing closer.  You need to hurry if you want to buy a home and meet the deadline.  The homebuyer tax credit is worth 10% of the home’s sale price for up to $8,000 for buyers who haven’t owned a home in the previous three years and up to $6,500 for buyers who have owned and occupied a principal residence for at least five consecutive years during the eight-year period that ends on the day the new home is purchased.  Here are some last-minute homebuyer tax credit reminders that you need to…

Posted by: Admin |
Filed Under: Real Estate, Real Estate Investing

Purchasing Foreclosed Properties Through Fannie Mae’s Home Path Mortgage

July 9, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

Fannie Mae offers a special financing program that offers attractive incentives to attract buyers to buy foreclosed properties.  Home Path Mortgage includes allowing buyers to purchase at a lower down payment with flexible mortgage terms.

The Home Path mortgage properties include single family residences, individual condominium units and town homes.  Available real estate for sale includes foreclosures, deed in lieu of foreclosure, and bank owned properties.  The properties are sold in “as is” condition and some would need some level of repair.

Fannie Mae’s HomePath mortgage refinancing program is a viable option for borrowers who are unable to pay a large down…

Posted by: Admin |
Filed Under: Foreclosures, Mortgage, Real Estate

The Benefits Of Owning A Home

June 28, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

You need to deal with a lot of things like paying the mortgage and caring for or maintaining a home when you purchase a house.  But homeownership can bring a lot of benefits and here are the reasons why you should buy and own a house.

You can increase your household wealth when you own a home because of home equity.  The home equity is the difference between the home’s fair market value and the outstanding balance of all liens on the property.  Aside from that, you can also expect around a 6.5% average value increases in your home each year…

Posted by: Admin |
Filed Under: Loans, Mortgage, Real Estate, Real Estate Investing

Service Tax Can Increase The Prices Of Homes

June 28, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

Certain proposals regarding the indirect tax front could greatly affect the cost of housing projects that could further increase the price of residential properties.  If the budget proposals are implemented, the levy of service tax on housing projects would greatly affect the prices of houses.  Here are a few points that need careful attention:

* Increase in excise duty.  The standard excise duty rate of 8% has been increased to 10% on all goods like steel, cement and iron.  Duty hike in these essential inputs can affect the cost of construction since in many cases builders may not be able to…

Posted by: Admin |
Filed Under: Real Estate, Real Estate Investing, Real Estate Valuation

Positive Forecasts For The Real Estate Market

June 28, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

Last week, economic and housing forecasters came out with positive projections for the real estate market.  According to chief economist for Freddie Mac, Frank Nothaft, the real estate will have a very steady, quarter to quarter growth patterns with no double- dip mini recessions and only minor increases in interest rates.

The U.S. economy may expand to 3.3-3.5% range as measured by the Gross Domestic Product through 2011.  Nothaft forecasts 5.6% rate by the end of the year for the 30-year mortgage rates.  This figure is up from today’s rates but still low and not high enough to seriously constrain housing…

Posted by: Admin |
Filed Under: Foreclosures, Real Estate, Real Estate Valuation

Seven Oaks Neighborhood In Austin, Texas

June 21, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

If you purchase a house in Seven Oaks Neighborhood in west Austin, Texas, you will have spectacular views of the Texas Hill country. The homes are surrounded by rolling hills, mature oak trees and beautifully landscaped yards.

The neighborhood is luxurious with a country charm and most homes are set away from the street to give homeowners the privacy they want.  The homes are constructed with popular architectural styles like Mediterranean courtyard estates, Tuscan, Spanish, and French.  They are also custom designed, have top-of-the-line appliances and have vaulted ceilings.  You can also find casitas, sparkling swimming pools and beautiful courtyards.

The prices…

Posted by: Admin |
Filed Under: Mortgage, Real Estate, Real Estate Investing

Condo Opportunities In Puerto Vallarta

June 21, 2010
1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading ... Loading ...

If you’re looking for a condo in Mexico, you can find great choices in Puerto Vallarta in Mexico.  Although economic conditions are still slowly recovering, the property price reductions in Puerto Vallarta are still available.  If you want to purchase a condo in Mexico, you need to hire an experienced and credible real estate agent to help you find the perfect condominium with a reputable developer in Mexico Properties.

Puerto Vallarta is one of Americans and Canadians top choice for tourism because it is an ideal place to re-locate due to the beautiful beaches and its ideal climate.  It is also…

 Page 2 of 44 « 1  2  3  4  5 » ...  Last »