Monthly Archives: May 2011

How Sellers Price Their Home For Sale

Posted ago by Cary Cox

ShareThe best way to understand market value is through comparative research.  Professional real estate consultants review and study at least 40 to 60 listings, visit 10 to 20, and inspect 5 to10 properties to develop a sense of relative worth …

Qualifying For a Jumbo-Mortgage

Posted ago by Cary Cox

ShareJumbo Mortgages all but disappeared from the market it seems since the financialand mortgage-market meltdown of 2008. Though more recently more and more lenders and banks that offer mortgages are moving back into the jumbo-mortgage arena, albeit has been a …

How to Save Money on Your Mortgage!

Posted ago by Cary Cox

ShareEveryone knows that when mortgage rates fall you can save money on your monthly payment by refinancing your mortgage. But your monthly mortgage payment has three components to it – interest, principle, insurance, and taxes. One of these four items …

Mortgage Foreclosures Decline & Rates Stable

Posted ago by Cary Cox

ShareMortgage-foreclosure activity decreased in April for the seventh straight month, bringing total foreclosure activity to a 40-month low, according to a new report from RealtyTrac.  Like any news story there is always the “Headline” story and the “Real” story. The …

Mortgage Brokers & Mortgage Bankers

Posted ago by Cary Cox

ShareIf you’re getting a mortgage, a mortgage broker or mortgage banker is a good option to consider. There are very few instances where a mortgage broker or mortgage banker cannot save you money — and when we’re talking mortgages, saving …

Loan to Value & Mortgage Rates

Posted ago by Cary Cox

ShareLoan to value is one of the largest factors that affect mortgage rates. It is the ratio of the amount of your loan or mortgage to the appraised value of the property. The lower the loan to value the more …

Adjustable Rate Mortgages –

Posted ago by Cary Cox

ShareAdjustable Rate Mortgages or ARMs  got a bad reputation during the mortgage melt-down of the not to distant past. Was the product itself at fault? No it wasn’t the fault of the adjustable rate mortgage itself, but the people that …

Mortgage Rates – Jumbo Loans

Posted ago by Cary Cox

ShareMortgage rates are very near all-time lows in the history of the mortgage market when it comes to conforming/conventional mortgages. Even though mortgage rates are very low consumers wonder why jumbo mortgage rates while still very low as well are …

Mortgage Rates

Posted ago by Cary Cox

ShareEveryone wants to get the best rate for their mortgage. In theory getting the best mortgage rate sounds simple, but many factors go into getting the very best mortgage rate. If you have all of them you can get the …

Interest-Only Jumbo Loans

Posted ago by Cary Cox

ShareWhy do intererst-only jumbo loans make sense  in today’s mortgage market? There are many reasons to use the interest-only feature on a jumbo loan, but first let’s look at the characteristics of the jumbo loan borrower. The jumbo loan borrower has …