Real Estate News

Bad Credit? Mortgage Refinance?

james — Thu, 29 Jul 2010 22:46:05 +0000

You have bad credit and you know you cannot refinance to reduce that interest rate!

Have you considered a Loan Modification?
Yes a Loan Modification can help you!

A loan modification will lower your interest rate for the length of the loan.

Even if you have fallen behind in your mortgage payments a loan modification will help stop foreclosure.

There are government regulations the lenders have to follow to participate in with the loan modifications process.

If you have any of the following hardships you can qualify:

Bad credit - there are no credit checks.

You or another provider in your household lost your job or
have fallen ill.

You are over extended with your credit cards.

Your property taxes increased.

Your cash reserves have become insufficient to maintain
your mortgage and other living expenses.

We understand that situations in all of our lives have probably changed over the past couple of years. Please pick up the phone and call us now at 847-285-1461.
We are successfully modifying loans like yours everyday. Our professionals will pre-qualify you in 10 minutes over the phone and there are no upfront fees until you are modified!!

For a free loan modification consultation go to http://www.jdssaysyes.com/

Source: http://jdsloanmodification.blogspot.com/2010/07/bad-credit-mortgage-refinance.html

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Mortgage Rates 7/29/10 July 29, 2010

james — Thu, 29 Jul 2010 17:25:36 +0000

By Tim – http://stockstobuy.org

Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today’s Mortgage Rates out of Wells Fargo.

Loan Type – Interest Rate – APR – 7/29/10

30-Year Fixed 4.500% 4.686%
30-Year Fixed FHA 4.625% 5.364%
15-Year Fixed 3.875% 4.195%
5-Year ARM 3.250% 3.504%
5-Year ARM FHA 3.250% 3.074%

Jumbo Loan Rates – APR – 7/29/10

30-Year Fixed 5.125% 5.264%
5-Year ARM 4.125% 3.770%

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

Source: http://daytradingstockblog.blogspot.com/2010/07/mortgage-rates-72910-july-29-2010.html

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Study: Satisfaction with Real Estate Companies …

james — Thu, 29 Jul 2010 16:49:36 +0000

Reflective of the real estate buyers’ market conditions in many regions in the U.S., satisfaction with real estate companies among homebuyers has improved from 2009, while satisfaction among home sellers has declined, according to the J.D. Power and Associates 2010 Home Buyer/Seller Study.

The study, now in its third year, measures customer satisfaction of homebuyers and sellers with the largest national real estate companies. Overall satisfaction is determined by examining three factors for the home-buying experience: agent/salesperson; office; and variety of additional services. Four factors are examined for the home-selling experience: agent/salesperson; marketing; office; and variety of additional services.

Overall satisfaction among home buyers averages 803 on a 1,000-point scale in 2010—increasing by 12 points from 2009. This improvement is primarily driven by increased satisfaction with agents and salespersons. In contrast, overall satisfaction among home sellers has declined by 40 points from 2009 and averages 742 in 2010. Among home sellers, satisfaction has decreased in all four factors, with the largest declines observed in marketing of the home and the variety of additional services offered.

Follow the link below for more information.
http://rismedia.com/2010-07-28/study-among-home-buyers-satisfaction-with-real-estate-companies-increases-while-satisfaction-among-home-sellers-decreases-considerably/

Barbara West, e-PRO
Communications Specialist
bwest@ncrealtors.org

Source: http://ncrealtors1.blogspot.com/2010/07/study-satisfaction-with-real-estate.html

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People’s Choice Best Real Estate Blog Award

james — Thu, 29 Jul 2010 16:38:36 +0000

Here’s how it works: Visitors can click on the badge below and vote for their favorite real estate blogger. Anyone can vote once per 24 hours. Voting ends at noon (PDT) on Aug. 11, 2010. Once the voting is over, the blog with the most …

Source: http://citywide.blogspot.com/2010/07/peoples-choice-best-real-estate-blog.html

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mortgage rates plumb a record low: still no …

james — Thu, 29 Jul 2010 16:26:37 +0000

SeekingAlpha – July 29, 2010
[snip]

… 10:46AMET: For the sixth straight week, mortgage rates plumb a record low, with average 30-year fixed-rate loans dropping to 4.54%, Freddie Mac says. Even in a low-rate environment demand still hasn’t recovered from the spring expiration of the homebuyer tax credit.

…continued

Source: http://interregnumdesign.blogspot.com/2010/07/mortgage-rates-plumb-record-low-still.html

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The true paradise in Bien Hoa City …

james — Thu, 29 Jul 2010 12:46:13 +0000

Email: info@thegasusresidence.com. About the Author: Kiva.Dang is reporter for Vietnam Real Estate and Saigon Real Time Report, based in Hochiminh City, Vietnam. Related Posts: Dongnai, Projects. Tags: Dongnai , Projects …

Source: http://vnre.blogspot.com/2010/07/pegasus-residence-true-paradise-in-bien.html

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Mortgage precious three errors to avoid …

james — Thu, 29 Jul 2010 11:46:11 +0000

If you are a mortgage refinancing more than one cause of costly mistakes that you can overpay thousands of dollars on your new mortgage loans. Homework and research mortgage lenders will help you avoid making mistakes when most homeowners refinance mortgages. Here are some tips to avoid common mistakes that lead to three homeowners in overpaying thousands of dollars on your new loan.

Mortgage refinancing is an expensive process, even if it is done correctly. They are required to pay fees and closing costs to secure the new refinance mortgage loans. These costs usually run between 1-3%, with no discount points you agree, in exchange for a lower interest rate or pay more. Many homeowners make the mistake of trying to market a better refinancing rate mortgage interest, or accept by using the loan with interest rates lower money-saving time. Here are tips on how to avoid the same mistakes of mortgage refinancing.

Mortgage refinancing error: The attempt to interest rates Time

Mortgage interest rates are extremely unpredictable. Whenever they can tell you the interest rates are the best credit is not entirely honest with you. Many people try and time the market as a ploy to sell their services, but these people are easy to guess what They see based on the news. Instead groped their luck at market timing, you’re better with your time to research their mortgage lender loan refinancing and offers.

Internet makes this mortgage refinancing your job easier. You can quickly search and compare dozens of mortgage refinancing offers a line by line. When you comparison shop for a new mortgage, it is important that all aspects of mortgage loans given to compare. Homeowners who are mortgage interest only loan, the next priority costly mistakes mortgage refinancing, we will discuss.

Mortgage refinancing Errors: Suppose that the lower interest rate is best

Refinancing mortgage rates are important, but the interest only part of the new loan. Many homeowners think that the choice of ‘offer of a loan with an interest rate benefit will save money. These homeowners often choose risky adjustable-rate mortgages with low introductory unusual that go significantly after a certain time or miss a mortgage refinancing lender fees and closing costs. Mistakes will result in a significant way is overpaying for your home loan. In the case of risk would be paid a variable rate, you might even lose your home if you can not understand what you are doing. For more information on avoiding costly mistakes mortgage refinancing, mortgage register for a free guide.

Source: http://mortgage-kk.blogspot.com/2010/07/mortgage-refinancing-mortgage-precious.html

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Obama’s 4.5% Home Mortgage Refinance Loan Under Stimulus Plan

james — Thu, 29 Jul 2010 10:49:10 +0000

President Obama home affordable mortgage refinance program has served 7-9 million of homeowners to stay away from foreclosure and survive a debt-free time.

Wonderful news for millions of homeowners who are facing financial hardships due to the uncontrollable debts, the president Obama mortgage refinance stimulus plan also called as home affordable refinance program will allow 7-9 millions of homeowners a 4.5% fixed rate home mortgage refinance. This will avoid foreclosure and will help people to live a debt-free life. A borrower can avail the loan modification service from Loansstore, the leading name in loan modification, debt settlement etc.

The savings done by this home affordable refinance program will add up to hundreds of dollars per month, below given are the points how it happens:

The government will provide cash incentives to the lenders and other institutes which approve the homeowners for refinance at their own risk using the guidelines of the plan. The home affordable refinance application process in now much lenient then before. Now 20% equity in home, typical need to refinance is no more needed.

Many homeowners have seen 15% value drop of their property because of mortgage crisis, this homeowners can refinance into fixed rate 4.5% home loan.

Freddie Mac and Fannie Mae owned or insured home loans will be eligible for mortgage modification and the only requirement would be proving some kind of financial hardships like hospital bills, loss of job, death of spouse, loss of income etc. The monthly mortgage payment should not exceed 31% of the homeowner’s gross monthly income.

Those homeowners who are facing instant foreclosure can refinance by a streamlined quick closing approach which is offered by making home affordable modification plan.

Modifying the present loan or refinancing would now be easier and it makes financial sense for homeowners. Home refinance with bad credit will also be easier now than before.

The president Obama and the Federal reserve would keep the home mortgage interest rate at a fixed of 4.5% for all the new home buyers and homeowners.

Get Home Affordable Refinance Program – Act Today – Click Here to Apply Online

Home mortgage refinancing into 4.5% interest rate will save hundreds of dollars every month of millions of homeowners. Thus the housing market will ultimately recover and the will give a rise to home prices. Borrowers can take advantage of this great chance of refinancing the home loan to save thousands of dollars. The rush to this plan has started and the borrower can also look into to see the potential savings. One can refinance now and can save hundreds of dollars every month.

Source: http://usloanz.blogspot.com/2010/07/obamas-45-home-mortgage-refinance-loan.html

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2nd Mortgage Interest Rates

james — Thu, 29 Jul 2010 05:37:02 +0000

If you’re like best homeowners, you accept apparently got several altered acclaim cards in your wallet, and you apparently accept a car loan and a home mortgage as well. Payment history on these items makes up our acclaim history, and they accommodate us with a agency for costs our dreams and accouterment for our families. If you’re like abounding homeowners, you accept apparently advised accumulation your debt, demography out an added band of credit, or refinancing your home.

Finding the everyman accessible absorption rate is calmly the best important application aback analytic for a 2nd mortgage or demography out a new band of credit. aback authoritative a above purchase, a few credibility can save you bags of dollars over the years. abounding of the best accepted mortgage loans are for 15 and 30 year terms. In best cases, the aboriginal few years of advantageous aback a loan are adherent to repaying the interest.

Exploring Your Options in 2nd Mortgage absorption Rates

Many online mortgage sites action you admission to rate quotes from some of the best aggressive lenders in the business. It can booty aloof a few abnormal to chase the internet and acquisition a affection mortgage barometer site. Once you acquisition a affection armpit artlessly ample out an online anatomy and accept up to four quotes.

Many bodies who attending into 2nd mortgage loans don’t booty the time to accede all the factors complex in award the best absorption rates. aloof because one aggregation offers a lower rate, or beneath credibility on the loan, doesn’t necessarily beggarly you’re accepting the best deal. Once you get a advertisement of the everyman absorption rates, it’s consistently a acceptable abstraction to analysis the anniversary allotment rate for anniversary loan. The anniversary allotment rate can be a accurate admeasurement of the ability of one 2nd mortgage loan over another.

Recommend : personal injury solicitors refinance loans

Source: http://homeloanrefinancerate.blogspot.com/2010/07/2nd-mortgage-interest-rates.html

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Financial Reform Takes A Bite Out Of …

james — Thu, 29 Jul 2010 05:14:04 +0000

Image via Wikipedia

Banks threaten no more free checking accounts.

With the new Financial Reform Bill now law, many big banks say that they will be losing money. The reason…they can’t gouge the consumer with overdraft fees, and with nsf fees. To make up for this shortfall in
revenue many banks will no longer offer free checking.

Nothing is free. You always have to pay a little something. PNC Financial and ING Direct are two of the banks that do offer, no strings attached free checking. ING being an online bank, will also pay you
interest on the money you have in the savings account. Charles Schwab Bank will give you free checking. In return they want your brokerage business.

On a personal note, we have free checking at Chase. But we recently had to open a savings account. This was so that we can get overdraft protection. We keep money in the savings account. If there is an overdraft, Chase will transfer
money from the savings account to cover the overdraft. They charge $10 each time thay make a transfer on our behalf. We can make the transfer ourselves and save the $10 fee. Now here is the trap! We are allowed four withdrawals from the savings account per month. A withdrawal is a transfer or an ATM withdrawal. After our quota of four withdrawals, we are charged a fee of $4 each withdrawal.

Now, chase promised to send text and email alerts when our checking account dips below $50. This is a good idea in theory. You see, they are doing us a favor, and we can do the transfer ourselves.

It was reported that Bank of America is set to lose $1 billion in overdraft fees. Well at $35 a shot this adds up very quickly. But before we start shedding tears for the banks, remember that there are still plenty of ways that the consumer will be hit with fees.

If you have a dispute over a bill, and you need a bank statement to back up your claim, the bank will get one for you. First they will give you a song and dance. “It will take 5 business days to get the document. We
have to request it from a secure location”. You end up paying about $40 per statement. If you also need the canceled check that is another fee.

Many of the banks have already gone paperless. You have to go online and get your monthly statement. The bank doesn’t mail you one. You can’t get a canceled check. You can go online and see a copy.

Another way banks are trying to make money is selling identity protections services. Bank of America has been calling 2 to 3 times a day for the last 4 weeks. I knew there was nothing wrong with the mortgage so I just ignore the calls. I finally broke down and answered. I had to listen to how dangerous the world has become. “Do you know that someone can steal your identity and refinanced your mortgage? It’s easy to do. You should buy this package and protect your most valuable asset”.

My take on this whole revenue generating exercise was, “Sir, we have entrusted the bank with our personal and private information. If the bank allows this information to be compromise, copied or stolen, the bank is liable. This should be a standard service of the bank. Why should we pay for something the bank ought to do?”.

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