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April 27, 2007
ARMs Dealer
I first heard of the term “equity management” in 2003. I heard Barry Habib discuss this concept at a seminar at the Del Mar Racetrack (critics, please refrain from pointing out the obvious irony). My first thought was “Cool, they have a name for it now!” You see, I am an ARMs dealer and have been since 1996.
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Posted on April 27, 2007 08:37 PM by Mortga80.
Filed in Real Estate under mortgage rates.
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April 25, 2007
Is Real Estate Diseased?
Second, it’s hard to tell who has your best interest at heart in any real estate transaction. There are lawyers, mortgage brokers, home inspectors, and real estate agents all vying for your business. This translate into vying for your money!!!! Be careful what color glass is in their set of eye glasses. If you are like me, you have found the only people who have your best interest at heart is family.
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Posted on April 25, 2007 10:42 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
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April 24, 2007
Feeling The Pinch
Belarus’ energy problems are also having an impact on the rest of the economy. Housing prices have doubled as those with extra rubles have put them into hard assets before an anticipated increase in inflation. Utility prices are rising. Consumer prices have grown about twice as much during the first quarter of 2007 as compared to last year.
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Posted on April 24, 2007 07:41 AM by House 78.
Filed in Real Estate under housing prices.
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April 12, 2007
Illegal Loans?
According to House Representative from California John T. Doolittle’s website, new legislation is in the works to stop dozens of banks from lending to illegal aliens.
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Posted on April 12, 2007 05:00 PM by Financ81.
Filed in Real Estate under financing terms.
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Duesenberry Effect
, housing prices, and consumer spending.
In many high cost metropolitan areas housing is now consuming 40 to 50% of a family’s net income, a far cry from the conservative 28% which most financial experts suggest. As we are facing a housing led recession, will consumers adjust their spending habits in accordance with declines in home equity? I argue that they will not because of the Duesenberry Effect and the relationship is not a direct one.
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Posted on April 12, 2007 04:51 PM by House 78.
Filed in Real Estate under housing prices.
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April 08, 2007
Cool Mortgage Calculator
.
For you folks out there in Nevada and Washington, one good example would be to check out this Mortgage Rates calculator. Based on your credit history as well as other demographic information, your quote will be determined accordingly of course through easy online navigation on the calculator.
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Posted on April 8, 2007 10:42 AM by Mortga80.
Filed in Real Estate under mortgage rates.
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April 07, 2007
The Smith Manoeuvre
have trouble with the Smith Manoeuvre.
Many mortgage brokers and financial advisors can’t set up the Smith Manoeuvre for you. Why? Let’s start with the mortgage brokers.
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Posted on April 7, 2007 10:42 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
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April 02, 2007
A Farewell To ARMs
when you deal with a mortgage broker.
Countrywide was the largest originator of what they call “Pay Option ARMs” in 2004 and 2005. They were successful by offering large yield spread premiums to the mortgage brokerage community for these products. They knew that unscrupulous brokers and originators would “sell” the low 1% start rate while ignoring the fully-indexed rate charged to a customer.
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Posted on April 2, 2007 10:52 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
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PMI Now Tax Deductible
if you have private mortgage insurance.
At the end of 2006, with the passing of its omnibus tax bill, Congress made private mortgage insurance for middle-income home buyers tax deductible in 2007. Private mortgage insurance, or PMI, is required when a homebuyer puts down less than 20% and protects the lender in the event of foreclosure.
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Posted on April 2, 2007 10:52 AM by mortga184.
Filed in Real Estate under mortgage insurance.
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