December 2008
6 posts
Vince Guaraldi Trio, A Charlie Brown Christmas,...
Harry Connick, Jr.’s Sleigh Ride - Enjoy!
Mortage Rates Below 4%? They May Be Coming Soon!
Check out this story in the San Francisco Chronical’s online service - the SFGate. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/11/BUOA14LOEK.DTL A mortgage industry official predicts that fixed rate mortgages could go “well below 4 percent” as the federal government continues to lower key indices and takes other actions to help the housing market recover. Rates...
From Handel’s Messiah. Merry Christmas!
Prove That Income Or You Can Pretty Much Forget...
Many lenders have eliminated stated income loan programs created to accomodate small business owners, professionals and entrepeneurs (e.g., the self-employed) because these loans have had a high default rate due to misues - by borrowers and lenders - and outright fraud. That is too bad, because now a large segment of homeowners/borrowers are frozen out of the mortgage market altogether.
Making...
Foreclosure, Short Sale or Loan Modification:...
Well, of course, it all depends on the circumstances and the homeowner’s goal. The bottom line is this: (a) If the homeowner wants to stay in the home, and (b) the homeowner can make the payments if the payment is lowered (through a principal reduction, rate reduction, re-amortization, etc.), then loan modification is the best solution. Talk to me about this option if you think this is for...