Here is a great article on what you should know when doing a home loan refinance -Keane By Julian Hebron Rates are bouncing around near record lows set last October and consumers are looking to seize the opportunity. There’s always a rush by consumers and loan agents to lock rates on dips, and [...]
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On August 8th 2011, S&P downgraded Fannie Mae and Freddie Mac from a AAA rating to a AA+ rating. When a security’s rating drops, it often indicates that the investment is less desirable resulting in higher rates. That is not the case this time around. The US Government has been supporting Fannie Mae and Freddie [...] For years, the US Department of Agriculture has insured home loans for qualified buyers with zero-down, affordable home loans. Even though the qualifications were very different, these loans functionally looked a lot like VA loans for veterans, providing zero-down loans with no mortgage insurance and low interest rates. Starting October 1st, 2011, the USDA will [...] As we get closer to a potential government shut down, I’ve seen several reports on how this will affect the housing market and the mortgage industry. Some of the information is accurate but there are some consequences that have not been mentioned. The largest impact will be directly to mortgage loans that are being contracted [...] It’s rare that I find something that I can’t wait to write about. The National Finance Capability Challenge is one of them. This is a program designed to help high school students understand money and finances as they prepare themselves for life outside of school. For years, I’ve felt that topics such as credit, finance [...] |
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