Whoa – I missed this story last week…yep, this would affect a lot of people… By Kenneth R. Harney, Boston Herald wire n WASHINGTON – Is Congress about to kill a popular rule that allows you to deduct interest paid on home-equity loans and lines of credit? The staff of the influential Joint Tax […]
Mortgage Advisors
Interesting tid-bit. Use this next time you’re at a cocktail party and someone (a blowhard) starts rambling on about mortgage loan rates. Mortgage Matters — Daily mortgage advice from Holden Lewis. IN THE E-MAIL: Daniel from (I believe) Seattle writes: “I appreciate your effort to keep prospective home buyers apprised of what is occurring in […]
Mortgage Matters – daily mortgage advice from Holden Lewis
Interesting tid-bit. Use this next time you’re at a cocktail party and someone (a blowhard) starts rambling on about mortgage loan rates. Link: Mortgage Matters — Daily mortgage advice from Holden Lewis. IN THE E-MAIL: Daniel from (I believe) Seattle writes: “I appreciate your effort to keep prospective home buyers apprised of what is occurring […]
Mortgage Matters
There is a great blog you should read every day. There’s a link, below, plus I copied a whole entry into my journal, so you can see how good he is. You should add this to your “Favorites” folder. It’s useful advice…and where else are you going to get that on the Internet? Mortgage Matters […]
Your Home: Quickly
Is your credit rating wrong? You can probably get it corrected much faster than you think, with a new service called “rapid scoring”, according to this article in the New York Times. Mention it to your mortgage broker. Link: href=”http://www.nytimes.com/2005/04/03/realestate/03home.html”>The New York Times > Real Estate > Your Home: Quickly Improving A Credit Rating. Home […]
World economy overheat threatens US
Will the overheating world economy bring down the US? Maybe, says Lou Barnes. Fed foolish to raise rates now Commentary: Despite U.S. problems, turmoil yet to unfold in Asia, Europe By Lou Barnes, Inman News The credit markets have concluded that inflation risk now forces the Fed into a sustained series of increases in its […]
Getting a mortgage loan is easy … if you can find a loan officer
Wow. Now that they are required, state and mortgage industry officials expected 20,000 applications at the Division of Banks for existing loan officers by the initial deadline of May 27. They received 5,643. Source: Once Seen as ‘Hot’ Profession, Loan Officer Ranks Thinning – Banker & Tradesman
Recession? Yeah, I’ve heard that rumor
Lou Barnes plays World Economist, in his weekly column. Will oil prices moderate? Is there a “commodities bubble” happening? I don’t know. All roads lead to global recession Commentary: Layoffs, oil, foreclosures sustain credit crunch By Lou Barnes, Inman News In the general chaos Friday, oil in the largest single-day spike ever, near $140/bbl, Dow […]
Economy at a standstill, for another week
This week, Lou Barnes sees more of the same. Not worse, not better. I’ll be happy with not worse, my friends. Will the “global economy” be enough to keep the US out of more trouble? I don’t know. Lousy numbers escape recession dunce cap Commentary: Global economy gives us a jolt By Lou Barnes, Inman […]
FHA loans more popular; tight credit still a problem
Shopping for a loan? You should be able to find one, fairly easily. FHA loans have made a comback. According to one mortgage broker: “If you put down 5 percent, you’ll need a credit score of at least 660 [to qualify for a FNMA or FHMLC loan]. But if you go with an FHA loan, […]