Q&A: what is the trend for mortgage rates in the next 5 yrs?
by SS&SS Question by amy: what is the trend for mortgage rates in the next 5 yrs? i’m doing a project on real estates and really need the projected discount rates to make the assumption. anyone knows where can i find it?? thanks in advance =) Best answer: Answer by 60187guy1) Steady. 2) Rates could go up if there is a recovery in the market. 3) Rates could go lower if property demand dries up and practically nobody borrows. Give your answer to this question...
Read Morehome affordable refinance program vs home affordable modification program?
Check out these mansion pictures: Mansion Perrier Dita Von Teese Image by cattias.photos Mansion Perrier Dita Von Teese More great homes click here… Mansion Perrier Dita Von Teese Image by cattias.photographs Mansion Perrier Dita Von Teese If you would like to see a lot more properties click here… Question by Ryan: home affordable refinance program vs home affordable modification program? what is the difference between the two? Best answer: Answer by JohnQ: I believe there was a material error in your recent article concerning President Obama’s Making Home Affordable Program. First, seek eligibility for a HAMP loan does not depend on the loan being owned or serviced by Fannie Mae or Freddie Mac. For loans that are so owned there are some separate additional programs under HAMP such as the ability to refinance underwater loans. Moreover, mind Fannie and Freddie are agents for Treasury to help Treasury administer the HAMP Program. But HAMP in large measure initially was designed to address non-conforming conventional loans, such as subprime loans. Second, the eligible loan amount is $ 729,750, not $ 417,000 as you wrote. A: Thank you for writing. The column in question did contain those errors (thanks for setting the record straight). But there’s more to the story, so let’s start at the top. President Obama’s Making Home Affordable Program generally permits certain borrowers to work with their lenders to either obtain a loan modification or to refinance their loan. Effectively, there are two programs, which can make it confusing for homeowners. Making Home Affordable Loan Modification Of the 4 million homeowners that President Obama predicted would be eligible to have their mortgages modified, about one million homeowners have received temporary loan modifications, but just 116,000 (as of January, 2010) have received permanent modifications. If a borrower decides to go down the loan modification path, the borrower has to meet certain financial criteria, including whether the home is the borrower’s primary residence; whether the first mortgage on the home is equal to or less than $ 729,750; whether the homeowner is having trouble paying the mortgage; whether the current mortgage was obtained before January 1, 2009; and, whether the amount you pay on your first mortgage, including, principal, interest, taxes insurance and homeowner’s association dues, is more than 31 percent of your current gross income. Know better? Leave your own answer in the...
Read MoreGood Mansion photos
Check out these mansion pictures: Mansion Perrier Dita Von Teese Image by cattias.photos Mansion Perrier Dita Von Teese More great homes click here… Mansion Perrier Dita Von Teese Image by cattias.photographs Mansion Perrier Dita Von Teese If you would like to see a lot more properties click...
Read MoreIs CitiMortgage FHA insured?
Question by blahblah: Is CitiMortgage FHA insured? Just curious if Citi Mortgage is FHA insured? Best answer: Answer by golferwhoworksthey do FHA VA and conforming loans for real estate I am a mortgage banker in TN & KY Give your answer to this question below!
Read MoreDems Renew Calls for Passage of Expanded HARP Refinance Bill; Louisiana …
Check out these apartment constructing images: 0804 | French Apartment Developing | 2009 | West Side Image by Facility Records | MSU Physical Plant 0804 | French Apartment Creating | 2009 | West Side For more houses click right here… 0801 Drake Apartment Building | 1994 | East Image by Facility Records | MSU Physical Plant 0801 Drake Apartment Creating | 1994 | East For more houses click here… Dems Renew Calls for Passage of Expanded HARP Refinance Bill; Louisiana … Louisiana, order which ranks 38th in underwater mortgages, according to a study by CoreLogic, could benefit from an expanded Home Affordable Refinance Program (HARP) refinance program. The bill calls for streamlined underwriting by leveling the playing field … If you would like more informaiton please visit here… FHFA Reports Strong Pace in HARP Loans in Month of August (Source: FHFA) — The Federal Housing Finance Agency (FHFA) today released its August Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Program (HARP) accounted for nearly … More informaiton please visit...
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