Question by Brian: Educated guesses about when the FHA 30yr fixed rate will drop and how much?
I’m a first time home buyer and I was just preapproved for an FHA loan with a 6.5% rate. Three months ago I was approved for a conventional loan at 6.25%. I’m just wondering when analysists are predicting rates to drop?
Best answer:
Answer by Natalia
not soon the rates are going to go up for the next year unless the government lowers them again
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Question by Cat: How can I refinance from FHA to a conventional loan with little or no money down?
Just over 6 months ago, viagra dosage we bought a bank owned property. We’ve put at least 15 grand into fixing it up. I was told that we can switch to conventional with an appraisal that shows our property is worth 20% more as we don’t have cash for closing. Would we not have to pay mortgage insurance if we went conventional and why? I need a little guidance with this. Thanks!
Best answer:
Answer by Me
Join a credit union and work with them.
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Mortgage-Bond Sales Soar on Fed's Refinance Push: Credit Markets
The Obama administration fueled additional opportunities for refinancing by pushing Fannie Mae and Freddie Mac at the end of 2011 to expand the Home Affordable Refinance Program, medical or HARP, for borrowers with little or no home equity. Almost 791,000 …
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Taking advantage of the lowest mortgage rates
Q I keep hearing about these really low-rate refinance opportunities, but nobody seems to say which bank or mortgage broker is offering them. I have a 15-year fixed rate loan at 4.25 percent. I financed my loan under the Home Affordable Refinance …
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Diminished expectations: Oregon politicians try to repair economy, restore …
A state agency will conduct a limited test of a program to buy back and refinance underwater mortgages. Still, the …. It's similar to the federal Home Affordable Refinance Plan, the Obama administration response to upside-down mortgages. But HARP is …
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Annaly Capital Vs. American Capital Going Into 2013
According to the latest statistics compiled by Mortgage Bankers Association and reported by Bloomberg, sale of Agency MBS reached a three-year high. This was a result of the direct actions from the Fed, which intends to make home ownership affordable.
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Question by Tia: Is it Wisconsin state law to have both spouses on the home loan application?
When applying for a home loan in Wisconsin, price is it state law that you and your spouse be on the home loan application. OR can you just apply using just you or your spouse?
Best answer:
Answer by Andrew
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Question by Tricia: DTI 35% calc before or after mortgage?
Ok, sickness so my hubby’s DTI ratio is 35%. This is without a mortgage payment (darn car payment and student loans) (we are trying to get a house). Does our new mortgage payment need to be calculated with this number? Will a lender look at that and say the ratio is too high to qualify for a mortgage?
can you please explain to me how they look at this? We’re trying to get FHA in Pennsylvania.
Best answer:
Answer by ardeare
Up until about 8 years ago, rx lenders required that your total debt to income could not exceed 36% of your gross monthly income and that includes your mortgage. Sub prime lending came along and increased the dti to 50%. FhA is making alot of drastic changes at this point in order to give people a chance to refinance or purchase new homes. Your best bet is to arrange a meeting with an FHA approved lender to get the latest news of the changes. You can find these lenders in your yellow pages. Words of wisdom: Do not go more than 40% of your gross income into debt.
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A few great chateau images I located:
Maquette du château de Vilnius au 17ème siècle
Image by dalbera
Maquette des parties hautes et basses du château de Vilnius dans la première moitié du 17ème siècle
Musée de la tour de Gediminas
Le château de Gediminas est devenu le symbole de la ville de Vilnius. Il a été construit au début du 14ème siècle, drug pour défendre la cité (voir la maquette).
Détruit lors de la guerre avec les russes en 1655, side effects il n’a pas été reconstruit. Seule persiste la base d’une grosse tour qui a été transformée en musée et en plateforme d’observation ouverte au public.
Post de Wikipedia sur Vilnius
fr.wikipedia.org/wiki/Vilnius
For a lot more residences click right here…
Question by Michael W: How can I apply for the new refinance program provided by the new stimulus package?
I owe 160K on my house and its now worth 150K. How can I apply for the new program enacted by President Obama to help lower my interest rate and payments for my mortgage, approved thank you.
Best answer:
Answer by J B
I hope you can prove a hardship.. I also, viagra hope your married with children and prepared to fill out copious amounts of paper-work.. Mortgage Help will be going to the most needy of the few… Single mothers with children, Minorities, and Elderly
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You are one of the lucky ones! I know people who have lost more than 50% of their equity in less than two years.
The President’s program will help you if you can prove that you are unable to pay your present mortgage payments, but you ARE able to pay a mortgage at 31% of your monthly gross income. You will need to apply for a loan modification. Your interest may be lowered, the term may be extended or the principal reduced (unlikely).
Every expense you have must be documented and you will have to provide all current income information to your lender. The way your package is structured will determine what you may be entitled to. I strongly suggest hiring a loan modification specialist (sometimes called loss mitigation specialist) to do the negotiating on your behalf. The lender will do the least that they can to help you, whereas a specialist will know what the most is a bank will do and might be able to negotiate a much better workout than you would be able to do on your own. Their services are not free, but you will not have to pay until they have actually accomplished a workout for you. It is definitely worth the money. Just make sure you are dealing with a legitimate company.