how can i take advantage of todays low mortgage rates???
Question by dr. feelgood: how can i take advantage of todays low mortgage rates??? i want to build or buy a house but havent found one or havent found a place to build one yet. i want to take advantage of these low rates right now. is there anyway i can start paying on a mortgage now and lock in my interest rate, dosage then when i find what i want i would have this low interest rate and already have paid some on it????? or is there a way i can get a say 200,000 mortgage, put the money in a cd, then when im ready i could take the money out, use it to pay for the house. i know someone is going to say to just put howevermuch money the payment is going to be, and put it in savings then when im ready, i would have that savings for a bigger down payment, and that would offset the cost of having a higher interest. well thats just too hard to do for me. its easy for me to make payments but real hard to put money in savings. any suggestions???? Best answer: Answer by feanorYou can’t take advantage of today’s low mortgage rates without a piece of property…The problem is that the mortgage is a secured loan that uses the property as collateral…That’s why its interest rate is so much lower than personal/unsecured loans. Know better? Leave your own answer in the...
Read MoreHow am I supposed to take advantage of the Making Home Affordable or HUD Under Water Refinance program?
Check out these massive residence photos: large home Image by rebecca anne If you would like to see far more properties click right here… Huge Home wave Image by mcgeez If you would like to see much more residences click here… Question by Smartstuff: How am I supposed to take advantage of the Making Home Affordable or HUD Under Water Refinance program? If my lender has opted “not to participate”… it doesn’t make sense! No wonder why no one has taken advantage of these programs… they clearly state that the 1st lien holder must be in agreement to reduce the principal or lower the interest rate. Requirements to qualify, thumb you can’t be behind on any payments, page your credit has to be good, and you have to be able to “afford” the new payments. All which apply to my situation… I just can’t get a refinance because of the economy and housing decline. So yeaha right… like my credit union is going to take the hit just because I want to pay less??? Someone please tell me there’s a way to do this… or the system is more f-ed up than I thought…. Best answer: Answer by JenniferFor the Making home afordable program You may be eligible to apply if you meet all of the following: You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac. You do not have an FHA, VA or USDA loan. You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year. Have a first mortgage not exceeding 125 percent of the current market value of your home. The refinance will improve the long-term affordability or stability of your mortgage. You have the ability to make the new payments. *Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HARP. The HARP program is offered by many servicers. Homeowners should check with their mortgage servicer (the company to which homeowners make their mortgage payments) to determine if they are participating in HARP. If their mortgage servicer is not participating, the homeowner may contact other lenders that participate in HARP to determine if they are eligible for a refinance. Other company can help just call aroung if you meet the requirements. What do you think? Answer...
Read MoreBelize Real Estate Investment Advantage
by The Library of Congress Belize Real Estate Investment Advantage Article by Real Estate Belize
Read MoreQ&A: how can i take advantage of the low mortgage rates ?Bought ahouse last year and have a fixed rate?
Question by sunshinecee: how can i take advantage of the low mortgage rates ?Bought ahouse last year and have a fixed rate? I bought my house last year and ahve a fixed rate but now want to take advantage of the low rates prevailing today.My credit is not that good and refinancing could be a problem because of that Best answer: Answer by src50You either refinance or you don’t. Consider the costs. Know better? Leave your own answer in the comments!
Read More[F1 News:]Act To Take Advantage Of The Obama Mortgage Refinance Plan
Self-taught pianist wins synaesthesia Mandala 2.0 High-Def Drum & Synthesizer products by Mi2N More informaiton please visit here … To find out whether you have a Fannie Mae or Freddie Mac loans, mind use the links below have: www.fanniemae.com ww3.freddiemac.com Or contact us and we can take your ability to benefit from this program to explore . www.stewardshipgroup.biz home@stewardshipmortgage.biz 602-384-2604 Video Rating: 5/5 If you would like to see more houses click here … More 2.0 HARP article Act To Take Advantage Of The Obama Mortgage Refinance Plan Article by Timothy Wong If the mortgage being refinanced was sold to Freddie Mac with recourse and indemnification, view or other credit enhancements defined in Guide Chapter B24, this it is ineligible to be refinanced as a ReliefYour mortgage payment history be no more than 30-day late the past 12 months. If mortgage is less than 12 months old, then no 30-day or more delinquencies since the note date.So what are some of the benefits?The Relief Refinance Mortgage must result in at least one of the following:•Reduction in the interest rate of the first lien mortgage,•Replacement of an ARM, Initial Interest?? Mortgage (or any mortgage with an interest-only period) or a balloon/reset mortgage with a fixed-rate, fully amortizing mortgage, or•Reduction in the amortization term of the first lien mortgage.Obama refinance plan has been primarily designed to make the financially grappling homeowners to pay their monthly mortgage payment successfully so that they may be able to avoid foreclosure. In case you are the home owner who is in the adjustable rate mortgage slab, not able to pay the monthly payments; home affordable refinance program (HARP) is for you. If you are one of those homeowners who have not been able to repay the mortgage loan, then HARP is the right option to start with. HARP program to stop foreclosure is a smart program to make financially stricken US homeowners go free of their mortgage loans.During 2009, the bailouts for mortgages continued on with the new house refinancing plan that was created to assist floundering homeowners who have not been qualified for the traditional method of refinancing their loans due to the rapid reduction in property values. The current housing problem did away with the equity that millions of homeowners once had. The HARP, or Home Affordable Refinance Program brought around a new type of government refinancing methods that has become available to a broader section of homeowners. HARP is a segment of the Obama Mortgage Plan that assists American homeowners in reducing their mortgage loan payments or altering their current mortgage loan payments so that they are able to remain in their house and keep foreclosure at bay.The most current government refinancing initiatives offer a few different type of benefits over that of the conventional refinancing of a home mainly because it does not need any equity. Actually, the house values have reduced so much that the latest Obama mortgage plan allows homeowners to refinance their current mortgage payments up to that of 125% of the present property value of the property. The “125 loan plan” is hopes to help homeowners refinance into that of a reduced mortgage monthly payment.Below I have detailed some of the essential aspects of qualifications that are needed for the HARP.–The Obama’s Home Affordable Refinancing Program lets a homeowner refinance their current mortgage payments only if they are trying to refinance their primary home.–The homeowner must be up to date with their current mortgage payments and the mortgage must have insurance through one of the mortgage companies that are government backed. (Being current with the mortgage means...
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