This is the first of 7 video’s on the subject VA home loans. This video goes over who is eligible for a VA loan. Presented by Craig Turner and Chris Courtland with First Priority Financial – The Mortgage Loan Experts You Refer Your Friends To
www.homeequityabc.com : A home equity loan means borrowing money from a bank against the equity that you currently have in your home. The equity is the value of your home minus the amount of the mortgage that you have.
One of our mortgage agents had a client call them last month excited about the fact that their dream home came up for sale, so they put on offer in and they purchased it. They were concerned about the fee they were going to be charged when breaking their existing mortgage. They are currently in the 3rd year of a 5 year fixed rate mortgage paying around 4.5% interest. They are going to break their existing mortgage when moving into their new house to take advantage of the lower variable rate mortgage which is currently available to them (2.15%). In this weeks video blog I will show you how to leverage your existing pre-payment options in your mortgage contract to help reduce the fee you will need to pay when breaking your mortgage. Another simple fact your bank wont tell you that you can consider when purchasing your home.
Mortgage Moments Vol 10. Do you have an ARM? Do you know when it adjusts? Do you know how high it can go? All these questions and more should have been explained when you got the loan. But too often, these explanations were not made or made so you understood them. Here the is what you should have been told and what you should be monitoring. J Michael Seely conducts live seminars and webinars on “Demystifying Mortgage Loans” His goal is to put you in charge of your most important financial asset…your real estate and the mortgage that supports your real estate. Learn how to save thousands when obtaining a loan and 10s of thousands over the life of a loan. visit www.UnderstandingYourMortgage.com and learn just where you stand with your mortgage or purchase. Thanks for watching.
www.chfamortgageloan.com You can buy a home with a chfa mortgage that offers down payment assistance and low 30 year fixed rate mortgages. The chfa mortgage program offers special discounts for Military, Teacher, and Police.
www.kcloantips.com LeaderOne Financial in Lee’s Summit, MO can help you learn the requirements for USDA loans and determine your eligibility. USDA loans are loans issued by the government, and often issued to those in rural areas, small communities and some areas just outside major metropolitin areas. USDA home loans, also known as rural development loans, are loans issued by the US goverment. To help families who may not quality for convential loans or have the same lending options as those in larger cities, the US government issues these loans through approved private lenders. With a USDA home loan, the family can borrow up to 100% of the home’s appraisal, meaning no down payment is needed. The loan is set for a 30-year fixed rate home loan, and requires no mortgage insurance. A USDA home loan is a great option for families in smaller communities trying to find a way to buy a house.
www.moneyextra.com Mortgage approvals remained pretty much flat in May compared to April The current number of mortgage approvals is well below levels of late last year However the net mortgage lending in May picked up substantially.
Greg Afarian’s Market Report week of July 6 to July 9th. The Market Rebounds after 3 weeks of selling off as stocks see there best week in a year.The DOW was up more than 468 points this week. Many Wall Streeter’s feel this could be a summer rally, I think after the huge run off it was more like a relief rally. This week was a short week of trading due to the observance of the 4th of July. Not alot of key economic news this week. June Same Store Sales was weak as the consumer is slowing their spending and it seems a pattern of selective spending could be a trend. The 30 Year hit an all time low / record as the 30 YR Fixed Rate dips to 4.57% and the 15 YR Fixed Rate is at 4.07%. Mortgage Apps this past week for Refi’s were up 9.2% and purchase apps were down 2.2%. Purchase apps are down 30% since April which seems as though the ending of the Home Buyer Tax Program is really effecting the market. Oil is at $76.39 a barrel and Gold is at $1212 an ounce. Weekly Jobless Claims were better than expected for the week ending of 7/3 with 1st time claims falling 21000 to 454000. Stocks in the news, Google is back in China and Zillow & Yahoo make a partnership for online real estate advertising. About the Me: Theabove Real Estate information was provided by Greg Afarian, l can be reached via email or send me a message on Twiter Have a home to sell on the NorthShore in Mass? I’ll help you with my social media skills for a quick transaction to help save you time and money. I service …
The spread between 30 year fixed and ARM loans fixed for 3, 5 or 7 years is widening. It may be time to look at ARM loans as an option. Distributed by Tubemogul.