January 2009
5 posts
4 Tips to Getting a Loan
These days one of the biggest impediments to closing a real estate sale can be the buyer’s ability to get a mortgage.
Here are some tips for anyone who hopes to land a loan:
Turn to the government. The biggest source of loans these days is the Federal Housing Administration (FHA) and the Veterans Administration (VA). These programs accept borrowers with lower credit scores and allow them to...
Tax Credit Changes Could Unleash Home Sales
Daily Real Estate News | January 15, 2009
If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, enough to meaningfully draw down excess housing inventory, the NATIONAL ASSOCIATION OF REALTORS® says.
An evaluation of options for a home buyer tax credit by NAR shows wide ranging implications and benefits. A full...
Teacher A + : A network of real estate... →
Mortgage Rates Continue Falling to Record Lows
Daily Real Estate News | January 9, 2009
For the fourth consecutive week, mortgage rates have fallen to all-time lows. The 30-year mortgage rates averaged 5.01 percent this week, which is a drop from last week’s 5.1 percent. Last year at this time, rates averaged 5.87 percent.
“Interest rates for 30-year fixed-rate mortgages fell for the 10th week … due in part to the...