Archive for the ‘Housing Options’ Category
Thursday, June 26th, 2008
Just last week in my blog I suggested that now might be the best time to take advantage of low interest rates. While the Fed hasn't made any adjustments in the federal funds rate, and is unlikely to do so until early next year according to market experts, interest rates ...
Posted in Foreclosure, Housing Options, Mortgage Costs, Real Estate | 2 Comments »
Friday, June 20th, 2008
Federal Reserve Chairman Ben Bernanke has been in the news again recently warning investors about inflation fears and stirring talk that interest rates will start to climb later this year. But according to a recent Investor's Business Daily article, some economists aren't predicting a rate hike until 2009.
As those of ...
Posted in Housing Options, RateWindow, Real Estate, Transparency | No Comments »
Thursday, June 19th, 2008
With today's technologies, many of us have grown to rely on the internet to help us research or purchase everything from groceries to automobiles. Most industries-including our own-have embraced this new frontier as a great opportunity to better market our products and services and see it as a venue by ...
Posted in Housing Options, Real Estate | No Comments »
Wednesday, June 18th, 2008
Texans have long known that life is just better when you enter into the 260,000+ square miles that is the Lone Star state. Now the nation is also taking notice. In fact, in the most recent list created by Fortune magazine, Texas is home to more Fortune 500 companies than ...
Posted in Foreclosure, Housing Options, Real Estate | No Comments »
Wednesday, June 4th, 2008
What would you do if today, while you were out driving around town, you saw a station open for business and advertising its gas for $1.99 a gallon? There's an open pump, and you're running low on gas. Would you drive by thinking that you'd find a better price on ...
Posted in Housing Options, Mortgage Costs | No Comments »
Tuesday, June 3rd, 2008
In a previous blog, I talked about FHA's change to a credit-score based MIP (mortgage insurance premium). This is good news for folks who need the benefits that come with FHA loans (i.e. lower down payments and higher debt-to-income ratios) but who have exercised good sense when it comes to ...
Posted in ARM, FHA, Housing Options, Mortgage Costs, Mortgage Laws, RateWindow | 1 Comment »
Monday, June 2nd, 2008
From the time that mortgage companies started using FICO scores in the mid-1990s to gauge a borrower's so-called "credit worthiness", there has been a common belief that the higher a person's income, the higher his credit score would be. According to a recent article by Kenneth Harney, that appears to ...
Posted in FHA, Housing Options, Mortgage Costs | 1 Comment »
Monday, May 19th, 2008
At one time, home equity lines of credit, or "HELOCs" were touted by the mortgage industry as the best way to have quick access to cash. It was like having a credit card-you could use your credit line, pay it down, then use it again. And all of the advertising ...
Posted in Foreclosure, Housing Options, Transparency | 1 Comment »
Friday, May 2nd, 2008
My friend Julie always had the worst luck when it came to real estate. If there was a wrong time to buy or sell a home, she would find it. After some friends bought a condominium, they encouraged her to buy one in the same complex. She paid a little ...
Posted in Housing Options, Mortgage Costs, Real Estate | No Comments »
Tuesday, April 29th, 2008
The housing crisis. The credit crunch. Unscrupulous lenders.
Between the media's daily recession report and the testimony on Capitol Hill lately, we're all waiting for the imminent collapse of our economy. Surely mortgage companies are waiting at our doors, waiting to grab the keys from our hands and toss us into ...
Posted in ARM, Foreclosure, Housing Options, Real Estate | 4 Comments »
