Tag Archives: Less Interest
Top 10 Reasons for Getting a New Mortgage in 2011
Rates are still really low. FNMA DU Refi+ and the Freddie Mac Open Access HARP programs are still around through May. You might not have to pay for an appraisal Self-employed people can still get a loan. 100% Financing is available in rural areas (Frederick/Firestone count as rural) FHA has lowered its up-front mortgage insurance [...]
- January 21, 2011
- / Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
Get the Process Started Now
The loan process is not what it used to be. In the not so distant past, we used to be able to start a new refinance and get it closed within 3 weeks. Lenders were a lot more streamlined and were staffed to handle the amount of loans they were getting. But because of new [...]
- December 8, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
What could I really Save?
In the last couple of weeks, the mortgage industry has seen interest rates bottom out and start to move back up. Most analysts believe that we have tested the lows and now the Fed wants to get inflation back to its target of 2% and to do so, it will start raising interest rates. Even [...]
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry
- / Posted By Mortgage Master Luke
- / No Comments.
Is It Still Worth it to Buy a Home without the Tax Credit?
Over the last couple of months some people have expressed disappointment about the $8,000 tax credit expiring in June. Now while it’s always nice to get money back, all is not lost. The interest rates are now much better than they were a year ago. Let’s look at a $200K 30 year mortgage at a [...]
- November 5, 2010
- / Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / 1 Comment.
What Makes Up My credit Score?
One, if not the, most important factors in determining what kind of mortgage you qualify for is your credit score. The problem is that how the credit score is calculated can be a bit confusing. The scores can range from 300 to 850. Now while the formulas used to calculate a credit score are proprietary information, [...]
- May 4, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / 4 Comments.
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