Archive for August, 2009
Saturday, August 29th, 2009
Now go get ya shine box!!! I have a total of 3 mortgages and I am about to buy 5 more houses. I have heard (not from an expert but he sounded like he was speaking from experience) that once you get up to a certain number of debt or ...
Posted in Home Loans | 5 Comments »
Friday, August 21st, 2009
e e in california I want to know how banks set the interest rates for mortgages. All I know is that they move up and down with the fed funds rate and discount rate (Correct me if I am wrong). Does anyone know all factors that play into ...
Posted in Home Loans | 3 Comments »
Wednesday, August 19th, 2009
great_and_mighty_adam_levine My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro's mortgage business.
I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage.
My question is, I know that each lender discloses the percentage of mortgages they ...
Posted in Home Loans | 3 Comments »
Friday, August 14th, 2009
Joakim M It's not made clear as to what sort of economic sectors the question refers to.
I know this much at least:
-Increasing interest rates
Higher mortgage costs
Lower CPI
Prevents inflation
Slows the economy (decreasing GDP)
Higher risk of recession
-Decreasing interest rates
Lower mortgage costs
Higher CPI
Steers economy towards inflation
Speeds up the economy (increasing GDP)
Lower risk ...
Posted in Home Loans | 1 Comment »
Thursday, August 13th, 2009
legacyconsultantsny I dont want to get scammed into taking a mortgage I dont need. Can a mortgage expert enlighten me on mortgages. i would also like to hear the laymans views as well. How many types are out there; Pros and cons. I just heard of an inerest only but ...
Posted in Home Loans | 11 Comments »
Thursday, August 13th, 2009
debbie in the draft I keep seeing the statistic 2.1 Mil in default. What percentage of home loans does that represent?Powered by Yahoo Answers
Posted in Home Loans | 1 Comment »
Wednesday, August 12th, 2009
scott h What is permitted and what is not permitted for advertising first and second mortgages? Is there a diffreence?
According to RESPA, what type of advertising is permitted for first and second mortgages? Is there a difference?Powered by Yahoo Answers
Posted in Home Loans | 1 Comment »
Wednesday, August 12th, 2009
Adam Today is Wed. 10/8, and my lender just called to tell me rates went up today. We are in escrow and been waiting to lock in because of the bailout plan. My lender said that Bernake (however you spell it) was supposed to lower interest rates but ...
Posted in Home Loans | 3 Comments »
Sunday, August 2nd, 2009
TNT DynaMiKe I know what the federal reserve is and I know what interest rates are. Now what is a federal reserve interest rate and what the heck does it mean to me?Powered by Yahoo Answers
Posted in Home Loans | 2 Comments »