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Posts Tagged ‘mortgage loans’

What’s the Future of Mortgages?

Posted in Finance, General Real Estate Market, tagged , , , on March 7, 2011 | Leave a Comment »

In the aftermath of the financial meltdown, much of which was brought on by mortgages that were too easy to get by people who were “iffy” at best regarding their ability to repay their mortgage, we are beginning to see discussions about how mortgages should be arranged and marketed in the future.  This is part [...]

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Coldwell Banker Proposes a Solution

Posted in Finance, General Real Estate Market, Real Estate, tagged , , , on January 7, 2011 | Leave a Comment »

Sometimes when we’re stewing in the big pot o’ problems, there just doesn’t seem to be a good solution.  That’s about the time that someone steps with an idea that makes you want to say,”why didn’t I think of that?”  Below you’ll see that Coldwell Banker Real Estate folks are trying to come up with [...]

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Shopping Estimates for Mortgages

Posted in Finance, General Real Estate Market, tagged , , on February 2, 2010 | Leave a Comment »

There are many good, honorable mortgage lenders out there.  I’ve worked with many who I trust to do absolutely the best they can for their clients and never worry about trying to get lending business by being less than honest.  However, as we’ve seen in reports over the last few years, there have been plenty of [...]

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Might Want to Lock a Mortgage or Refi Rate Now

Posted in Finance, General Real Estate Market, tagged , , , , on January 11, 2010 | Leave a Comment »

The buzz in the mortgage market is that 30 conventional fixed rates are moving above 5% and will likely continue to rise through the spring.  One reason is that since last year, the Fed has been buying large amounts of mortgage-backed securities.  This action has artificially kept the mortgage rates down.  That program is scheduled [...]

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Making Lemonade

Posted in Finance, General Real Estate Market, Real Estate, tagged , , , , , , , , , , on November 13, 2009 | Leave a Comment »

Lemons to lemonade.  Black cloud with a silver lining.  Silk purse out of a sow’s ear. There are a number of expressions that we sometimes hear when someone finds something good in an othewise bad situation.  For example, I work with the Citizens for a Troutman Library.  When the new library was designed, the architect estimated the [...]

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A Bit More on Mortgage Rates

Posted in Finance, General Real Estate Market, Real Estate, tagged , , on August 12, 2009 | Leave a Comment »

I’ll add to the previous post that the rates listed by Neil and any other lender I include are representative of rates offered to those with a good credit history and rating, and the definition of “good” varies with the lender.  That doesn’t mean you can’t get a mortgage if you have less than stellar [...]

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Mortgage Rates Up-to-Date

Posted in Finance, General Real Estate Market, Iredell County, Real Estate, tagged , , on August 12, 2009 | Leave a Comment »

My friend Neil Jackson with Lake Norman Lending Group sends out a weekly rate sheet to let us know what the rates look like for our clients.  I have several friends in the business who do this, so I like to get these to compare rates, understanding that rates can change frequently, even several times a [...]

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Lender’s Limited Choice of Appraisers

Posted in Finance, General Real Estate Market, Real Estate, tagged , , on July 28, 2009 | 1 Comment »

Talking recently to Andrea Kindley of Starkey Mortgage (704.902.6371)about the slowdowns in loan processing due to the Home Valuation Code of Conduct that went into place on May 1, 2009, she said that some loans require the lender to go through a third party, called an Appraisal Management Company, to select an appraiser, and others do not.  [...]

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Appraisal Twists & Turns

Posted in Finance, Real Estate, tagged , , , on July 27, 2009 | Leave a Comment »

I was talking to a Realtor friend of mine the other day about what she referred to as “the closing from Hell”  that she recently survived.  Of course, from a Realtor’s standpoint, any closing is a good closing, especially now that the market is slow.  Still, I asked her what made the closing so bad.  [...]

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Lender Checklist: What You Need for a Mortgage

Posted in Finance, General Real Estate Market, Real Estate, tagged , , on July 22, 2009 | Leave a Comment »

From time to time I talk with people who think it may be time to buy a home or maybe thinking of selling and buying another after many years.  Often they are not sure what information is going to be asked of them by a lender.  If that’s your situation and you want to go into [...]

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