* You are viewing the archive for January 25th, 2008
So you’ve established a great credit rating and are ready to visit a lending institution to see about getting pre-qualified for a mortgage. Here’s a few tips for what to do or not do.
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Property News
BBA finds mortgage approvals hit a record low
Telegraph.co.uk, United Kingdom -
The number of mortgages approved for people buying a home fell to a record low during December, new figures show. The major banks approved 42088 new loans …
Mortgage approvals by UK banks fell to record low in December
Slump in new mortgages foretells housing market woe
December mortgage approvals at record low
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ABC News
Mortgage refinancings spike after Fed cut
Reuters -
By Al Yoon and Julie Haviv - Analysis NEW YORK (Reuters) - In one of the first signs of life in a battered mortgage market, homeowners are lining up to …
Sorting out the mortgage mess
Rate Cut Puts Whiff Of Refi In The Air
New mortgage refinancing boom under way
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Stimulus plan may lead to higher mortgage rates
Reuters -
A federal proposal to increase the size limit on loans eligible for purchase by mortgage finance giants Fannie Mae and Freddie Mac has unsettled traders in …
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Nothing has had a more dramatic affect on mortgage lending in the last 20 years as the use of credit scoring in determining a borrowers ability to qualify for a mortgage. For better or for worse, the score is considered a reliable indicator of a credit risk. Wouldn’t it be nice to know how credit scores are calculated and how they can be improved?
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The Mortgage Professor A Not-So-Simple Truth About Interest
Washington Post, United States -
By Jack Guttentag Q: I am perplexed at what appears to be a nomenclature problem that the mortgage industry has created with its definition of …
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Well, surely it can’t drop much lower? If you haven’t locked a mortgage rate in by now, or haven’t got yourself pre-approved, you had better hurry up. All those people who can remember the 11% mortgage interest rate will be trampling over each other to try and re-new at these rates.
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While a free reverse mortgage calculator might be able to give you an idea of how much you could borrow, none will be able to tell you something that is far more important, and that is how much equity will be left in your home after a period of years. It’s crucial you are aware of this before you make any decision on whether to opt for this type of loan.
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Sternberg again lends his 30 years of real estate experience to help people in todays real estate market purchase a home for little of no money down.
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Home Mortgage Mayhem Seeps Into Office Sector
CNNMoney.com -
Layoffs or outright business failures in the financial services and mortgage industries are softening office fundamentals even more in Southern California, …
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