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Archive for the ‘Credit’ Category
Wednesday, January 18th, 2012
A divorce mortgage is a refinance transaction that removes the departing spouse from the current debt secured by the home or other real estate. The spouse retaining the property refinances the loan that is currently in both parties name with a loan in their name alone.
Posted in Credit, Home Ownership, Ideas, Mortgage, Real Estate and Internet, Transactions | Comments Off
Tuesday, January 17th, 2012
Last week, I broke down the various price ranges in real estate and what we might expect for the coming year. I mentioned that the 400-800K price range might be the toughest price range to sell for a variety of reasons.
Posted in Brokers, Buying, Buying First Home, Credit, First Time Home Buyers, Fix and Flips, Home Ownership, Housing Market, Ideas, Luxury Home Market, Real Estate and Internet, Selling Your Home, The Economy, The Market, Transactions, Your Local Neighborhood | Comments Off
Wednesday, January 4th, 2012
When our automobile needs a tune-up, it provides us with plenty of clues: hard to start, rough running, poor gas mileage, etc. But when a mortgage needs a tune-up it gives no warning.
Posted in Credit, Fix and Flips, Ideas, Mortgage, Real Estate and Internet | Comments Off
Thursday, December 1st, 2011
About half of the mortgages I will close in December are for people who have an existing FHA mortgage and thought they could not refinance because of all the misinformation floating around about the current mortgage environment.
Posted in Credit, Fix and Flips, Ideas, Mortgage, Real Estate and Internet, Transactions | Comments Off
Tuesday, November 15th, 2011
If you have been following this column all month, you would know that I have been writing about the fix and flip business as well the fix and rent business. If you would like to re-read any of those columns, you can do so at www.coloradodreamhouse.com/news.
Posted in Buying, Buying First Home, Credit, First Time Home Buyers, Fix and Flips, Home Ownership, Ideas, Real Estate and Internet, Selling Your Home, Transactions | Comments Off
Thursday, October 20th, 2011
Freddie Mac reported last week that the average on the 30-year fixed mortgage rose sharply from 3.94% to 4.12%, which according to the National Bureau of Economic Research was the lowest rate ever.
Posted in Credit, Fix and Flips, Ideas, Mortgage, Real Estate and Internet, The Economy, The Market | Comments Off
Thursday, August 25th, 2011
Most of the time the symbiotic relationship between real estate agents and lenders is more like the movie Love Story than War of the Roses, with a kumbaya moment at the closing that often turns into a mutual admiration society for all involved.
Posted in Brokers, Buying, Buying First Home, Credit, First Time Home Buyers, Fix and Flips, Ideas, Mortgage, Real Estate and Internet, Transactions | Comments Off
Thursday, August 11th, 2011
Nature abhors a vacuum. With the tightening in the mortgage market we have seen an increase in portfolio and private, also known as hard money, loans to fill the void created since subprime mortgage products have become extinct.
Posted in Buying, Buying First Home, Credit, First Time Home Buyers, Fix and Flips, Foreclosures, Housing Market, Ideas, Investing, Luxury Home Market, Mortgage, Real Estate and Internet, The Market, Transactions | Comments Off
Thursday, August 4th, 2011
Has it become easier to get a mortgage in the last three years? Not from what I am seeing. Whether it is a conventional, FHA, or VA mortgage, in most instances, it is harder to obtain a mortgage than it was just three years ago.
Posted in Credit, Fix and Flips, Ideas, Mortgage, Real Estate and Internet, The Economy | Comments Off
Thursday, June 23rd, 2011
Unless you are a yokel, borrow local. Near the end of the last century, I was at a mortgage conference in Spokane, Washington. The conference had mortgage professionals from across the nation and was a great opportunity to see what was going on in the industry.
Posted in Brokers, Buying, Buying First Home, Credit, First Time Home Buyers, Fix and Flips, Housing Market, Ideas, Luxury Home Market, Mortgage, Real Estate and Internet, The Economy, The Market, Transactions | Comments Off
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