Mortgage

Paying Closing Cost

February 27, 2010

The Different Ways to Pay for Closing Cost Again the key is how long will you own the home or own the loan. If you are a first time home buyer I really recommend paying your closing cost in the rate. The odds are great you will not own the property long enough to matter too [...]

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The New Good Faith Estimate

December 3, 2008

Below is an email I received from a lender this morning (he sends me two, so I figured I can use one of them). It is an update on some revisions the Federal Government has been making to help consumers understand loans better. I personally have been using a letter called a “Lender Expectation Letter” [...]

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Interest Rate Now and Later

December 2, 2008

  You Can Buy A House Now or You Can Buy One Later   There is speculation that interest rates will go up. The thinking is in order to pay for the bailout it will come from 10 Yr Treasury Bonds. Without getting into all the technicalities of how the Treasury Bonds work and yada, yada, [...]

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Changes In Mortgage Insurance Guidlines

March 14, 2008

 Republic Mortgage Insurance Company released in their notes yesterday, that they will not insure any loan with a greater than a 97% loan to value/ combined loan to value ratios (LTV/CLTV) regardless of any automated underwriting decisions.   Also any declining markets they are going to add a 5% margin so they will only insure loans [...]

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