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- What is a Good Credit Score? 640? 670? 740?
- Is the Housing Market Getting a Little “Bubbly” All Over Again?
- FHA Mortgage Insurance: Big Changes On the Way, And Not For the Better
- Ten-Year Treasury Yield And Mortgage Rates Increase Aggressively
- Mortgage Advertisements: Pay Attention to the Fine Print
- Fed to Continue Buying Bonds for Forseeable Future?
- Avoid This Deal-Killing Mistake the Next Time You Apply for a Mortgage
- Home Affordable Refinance Program (HARP) For Underwater Homeowners Extended to 2015
- Large Cyprus Depositors Could Lose Up to 60% of Their Account Balances
- Eurozone to Cyprus: Take the Bailout, Or Else
Boy, there’s nothing more fun than heading to the store and seeing that prices on everything you buy went up since the last time you went to the store. Is that in our future? It certainly seems like it might be, at least according to the latest economic news. Continue reading
The first challenge in getting expenses under control and getting out of debt is to create a budget. Once you have a budget, however, you’re then faced with the challenge of living on a budget and sticking with it! Often this is easier said than done, particularly if living on a budget means drastically changing some financial habits. Continue reading
If you plan to hold residential investment property for the long term, whether as a rental, lease option, or seller financed resale, you’re probably going to need investment or rental property mortgage financing from a traditional bank or mortgage lender. There are a variety of money sources you can use to finance your deals, but traditional bank financing is best suited for long-term investment because it typically offers the lowest rates and longest terms. Continue reading
The following are ten key questions to ask a property manager to open the channels of communication and and help you figure out if they’re going to be a good fit for your business. If you aren’t as experienced with working with management companies, these questions will help you establish your credibility and get the information you need to make a hiring decision. Continue reading
Falling Home Values and Low Rates Drives Home Affordability in Los Angeles and Orange Counties to 1999 Levels
Home affordability is definitely back in style in Southern California. Thanks to low interest rates and falling home prices, homes across the two-county area are as affordable now as they were in 1999. Continue reading
A lot of real estate investors got themselves into trouble during the housing boom a few years ago because they didn’t structure their investment property deals in a way that would make them money when they bought. In other words, instead of buying investment properties with profit already built into the deal, they gambled on the chance that the housing market would make them money at some future date. Instead taking control of the deal and “forcing” the profit into it, they based their profits on the hope that the market would favor them in the future.
One question commonly asked in today’s ever-changing mortgage lending market is, what is a good credit score, and how can I improve my scores? This question is an important one, particularly if you are shopping for mortgage financing, because your credit scores are one of the most important factors used to make a mortgage lending decision. Continue reading
One of the most common first questions I get from mortgage clients shopping for a home is how much of a down payment do I need to buy a house? At the height of the housing boom a few years ago it was pretty easy to purchase a house with no down payment at all, but with lending much tighter these days, doing a no down payment purchase loan is all but impossible. However, there are some great programs available that offer some very favorable down payment terms for prospective home buyers. Continue reading
An article over at DailyFinance.com is reporting on a growing trend in America of rejecting credit cards and using only cash for purchases. A lot of people have been feeling the combined pain of less income and big credit card bills during this recession and have decided enough is enough. From now on, they’re cash only – and I think that is an absolutely great thing. Continue reading
There probably aren’t too many mortgage borrowers that are familiar with the term loan level price adjustments, or LLPAs. They’re sort of an invisible part of mortgage financing, but they directly impact the interest rate and fees on a mortgage loan. If you’re a real estate investor, it’s important that you be familiar with LLPAs so that you can get the best mortgage financing value and maximize the ROI from your real estate investments. Continue reading