Tag Archives: mortgage credit conditions

Mortgage Rates Headed Lower?

Posted ago by Cary Cox

ShareDespite all the talk of the debt downgrade and how mortgage rates and interest-rates would skyrocket, it just hasn;t happened. In fact, mortgage rates have done the exact opposite, mortgage rates especially long-term mortgage rates have gone down. It’s been …

Commercial Mortgage Credit

Posted ago by Darren Smith

ShareCommercial mortgage credit availability presently and in the foreseeable future will still be restrictive and limited.  It is estimated that over a trillion dollars worth of commercial mortgages in the United States will become due in 2012 to 2013.  This  …

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 …

Jumbo Mortgages

Posted ago by admin

ShareJumbo Loans or Jumbo Mortgages are those that exceed the conforming limits of Fannie-Mae and Freddie-Mac, which are currently set at $424,100 – if you have a loan above this amount your loan is considered a Jumbo or Non-conforming Mortgage. …

Four Questions to Ask BEFORE You Apply for a Mortgage

Posted ago by Cary Cox

ShareFirst:  make sure you are working with an experienced, professional loan officer.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting …

State of the Credit Markets

Posted ago by Cary Cox

ShareI was reading an article from RSI Media and the Chief Economist for the National Association of Realtors chief economist, Lawrence Yun said, “We’d be seeing greater numbers of traditional home buyers if mortgage credit conditions return to normal.” Well …