January, 2010 RJ Baxter Lowers Payment by $200 With No Closing Costs
RJ Baxter has helped yet another family save money with a no closing cost refinance. Pete from Colorado has lowered his payment by $200 on a new 30 year fixed rate mortgage with no closing costs.
The new Credit Card Accountability, Responsibility, and Disclosure Act became law in May, triggering sweeping reform of the credit card industry.
Among the changes that credit card companies will be subject to are the elimination of double-cycle billing, opt-in requirements for over-the-limit protection, increases in rate not allowed unless borrower is 60 days or more past due, and payments required to be applied to highest rate balance first.
The government may come to the rescue of struggling homeowners sooner rather than later. Congress is attempting to pass a bill that would modernize the FHA home loan program and open the door to new home financing and refinancing options for millions.
Current FHA guidelines allow for borrowers with less-than-perfect credit or no credit to potentially qualify for a mortgage. However, it is difficult for a borrower who has fallen behind on mortgage payments ...
It's not suprise that underwriting standards across the board, with all lenders and loan programs, are tightening up, making it more difficult for borrowers to qualify.
The most recent announcement was by Fannie Mae. Fannie has released new underwriting standards, with the key changes being increased minimum credit scores required for qualification, and the "seasoning" period after a foreclosure being increased from 4 to 5 years. Borrowers with a foreclosure in their past must ...
For the first time since 2005, 15 year fixed rates have fallen below 5%. This comes on the heals of lower inflation data and a staggaring $18 Billion write-off announced today by Citigroup.
Recession fears continue. Tomorrow's CPI report- a key guage of inflation, will certainly be a big market-mover, and I will be posting throughout the day as things develop.
My wife and I talk all the time about building our dream home. The large yard with a pool, the 5 bedrooms, the oversized 3 car garage. Someday, someday.
If you are like us and think about building your dream home, and are ready to take the plunge, one of the biggest hurdles is finding the financing to get it done.
It's official- No Doc Loans are gone, at least for now. The day and age of low or no documentation, 100% financing are long gone as the housing crisis continues to roil the economy and lenders tighten underwriting standards.
There are still great options for individuals with a 2 year employment history at the same job or self-employed for 2 years, at least 5% down payment, and credit scores above 680. For example, the fast ...
