Do mortgage rates fall before or after weekends?
by SS&SS Question by gdroot1961: Can I get a FHA loan after bankruptcy and foreclosure? I file bankruptcy 2 years ago. I reaffirmed my house then decided I could not afford it. I had two mortgages and we moved out and told bank to foreclose. They sold house and I was told that they could not collect anything owed because of the state laws where I live and that I had filed bankruptcy. Now my credit report shows the bankruptcy but not the foreclosure. So I am wandering if somehow the foreclosure will show up somewhere once I try to get another home loan? Best answer: Answer by RuthRecenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan. I asked him how you got ? He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one . go to www.dixiloan.com > Home loan Note each link contain different interest rates and repayment period. Take Care Bye! What do you think? Answer below! Question by brendavanvickle: i am interested in applying for a federal grant for home puchase does anyone know of a free on line program.? most programs that i have viewed so far require that you buy there cd’s or books at a ridiculus price. Best answer: Answer by StuartCall a mortgage lending company in your town. They can assist you in getting grants, thumb and have the paperwork right there in the office. Look in the yellow pages under mortgage. Give your answer to this question below! by RON SOMBILON MEDIA, approved ART and PHOTOGRAPHY Question by Raymond: Do mortgage rates fall before or after weekends? I wanted to know if mortgage rates tend to change before or after a weekend. I am planning to refinance my mortgage, medicine but I wasn’t sure if it would be better to do so before the weekend. Would I receive a lower rate before a weekend or after a weekend? Best answer: Answer by bull_rooster_aardvarkLots of things affect the mortgage rates and short term its nearly impossible to tell what they will do, but I’ve never heard of any correlation between rates and the weekend. My advice is, just lock in whenever you are ready. What do you think? Answer...
Read MoreQuestion regarding FHA financing after bankruptcy?
Question by ohio_state98: Where can I find out current home mortgage rates for my area? Does anyone know where I can find out the current mortgage rate averages for my geographic area? I’m looking at possibly refinancing and want to know if it would be worthwhile. Also, advice stomach can I expect any costs when trying to refinance? Best answer: Answer by orlandomortgagebrokerAll over ONLINE. The only problem is, medical that you don’t get that rate until you lock it, or you have a honest mortgage broker on your side, which might be willing to lose on the Yield Spread if he doesn’t lock it, if rates happen to go up, from the day you were quoted on Good faith Estimate. The minute you’re quoted a rate you like to proceed with, instruct lender or broker to lock, and provide form that states the fact and that their committed to lend at that rate. When lenders “lock”, they commit to lend at a specified interest rate and points, provided the loan is closed within a specified “lock period”. (Points are an upfront charge expressed as a percent of the loan amount). For example, a lender agrees to lock a 30-year fixed-rate mortgage of $ 200,000 at 7.5% and 1 point for 30 days. A lock is contingent on the borrower meeting the lender’s underwriting requirements for the loan. The need for locking arises out of two special features of the home loan market: volatility and process delays. Volatility means that rates and points are reset each day, and sometimes within the day. Process delays refer to the lag between the time when the terms of the loan are negotiated, and the time when the loan is closed and funds disbursed. If prices are stable, locking isn’t needed even if there are process delays. If there are no process delays, locking isn’t needed even if prices are volatile. It is the combination of volatility and process delays that creates the need for locking. For example, Smith is shopping for a loan on June 5 for a house purchase scheduled to close July 15. Smith is comfortable with the rates and points quoted on June 5, but a rate increase of 1/2% within the following 40 days could make the house unaffordable, and Smith doesn’t want to take that risk. Smith wants a lock, and lenders competing for Smith’s loan will offer it. If locks were equally binding on lender and borrower, locks would not cost the borrower anything. While lenders would lose when interest rates rose during the lock period, they would profit when interest rates fell. Over a large number of customers they would break even. In reality, however, borrowers are not as committed as lenders. The number of deals that don’t close, known as “fallout”, increases during periods of falling rates, when borrowers find they can do better by starting the process anew with another lender. Fallout declines during periods of rising rates. This means that locking imposes a cost on lenders, which they in turn pass on to borrowers. The cost is included in the points quoted to borrowers, which are higher for longer lock periods. The lender who quoted 7.5% and 1 point for a 30-day lock, for example, might charge 1.125-1.25 points for a 60-day lock. Years ago, lenders controlled lock costs by requiring borrowers to pay a commitment fee in cash. The fee was returned to them at closing but forfeited if they walked from the deal. But today, commitment fees have mostly died out. Borrowers don’t like them, and lenders and mortgage brokers...
Read MoreWhen can one apply for a FHA loan after a foreclosure?
Question by MissFixIt7: When can one apply for a FHA loan after a foreclosure? I foreclosed on a home about 3 years ago. When can I apply for a FHA loan? Best answer: Answer by ? Bunky ?It is usually 7-10 years before anyone will give you a loan after a foreclosure. Add your own answer in the comments!
Read MoreQ&A: How soon can someone get a mortgage after a short sale?
Question by SKFB: How soon can someone get a mortgage after a short sale? It has been over a year since the sale of the property. The individual has purchased a property in cash – owner occupied. This would be an additional property on a mortgage. Credit is unblemished besides short-sale. Best answer: Answer by BobThe financing guidelines are very clear. If you have no other blemishes on your credit and were not 30 days late on your mortgage in the past 12 months the short sale will not disqualify you for an FHA loan. Conventional financing will require a minimum of two years after short sale before you will qualify. What do you think? Answer...
Read MoreWill my MIP (mortgage insurance premium) increase after a streamline FHA refinance?
Examine out these chateau pictures: Chateau_SeptimoB_Page011 Image by desparlsp Château de la Valette – Pressigny les Pins – Loiret Diario de un antiguo alumno Séptimo 1985-1986 More wonderful houses click right here… Question by Amie T: Apply for an FHA loan before promotion? My husband and I would like to apply for an FHA loan. He is at business training, drugs and will get a promotion when he returns to work on the 13th. He was going to come home for the weekend, and we were considering applying for the loan on Monday (before the promotion). Should we wait until he fully gets promoted, or can we inform the bank that he will be getting more pay in a week and they can confirm with his work? This is just to get pre-approved for an FHA Loan. Best answer: Answer by loanmasteroneIf you would wait to use the potential income from the promotion, your first contact with a FHA mortgage lender should be after you have received your first pay stub from getting the promotion. This then would be the income used for qualifying for your mortgage loan. The lender would need proof of income not hear say or possibilities, the pay stub would prove without a doubt his income. If you were to go apply for a pre-approval on Monday, whatever income was on your pay stubs, W-2 and other proof of income would be used. I hope this has been of some benefit to you, good luck. “FIGHT ON” Give your answer to this question below! Vikram's Siva Thandavam release on Sept 28 Vikram's Siva Thandavam release on Sept 28. The writer has posted comments on this article Sashidhar ASSashidhar AS, page TNN | Aug 30, sildenafil 2012, ask 04.32PM IST. Article · Comments. Post a comment. Email this article … For more informaiton please visit here… Justin Bieber Hits the Wanted's Siva Kaneswaran in the Crotch While most of Scooter Braun's profile in The New Yorker was about his business model and his relationship with the most famous (and likely profitable) of his cache of clients, the piece did reveal some “fun” that Justin Bieber had with 'The Voice' host … More informaiton please visit here… Question by Kobe: Will my MIP (mortgage insurance premium) increase after a streamline FHA refinance? I bought my house 2 years ago through a FHA loan. Im about to do a streamline refi, erectile but was told by the lender that my MIP (mortgage insurance premium) would almost double due to new FHA regulations. Is this valid? Best answer: Answer by Glenn SIt will go up because the MIP premium fees increased during that time. FHA increased mortgage insurance fees from .55% of the loan amount to 1.55% last year. Add your own answer in the...
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