Today’s
Today’s Credit Scoring Basics and the Effects on Construction Financing
At one time, not too long ago, there was no such thing as a numeric credit score. Your credit report either showed that you paid on time or you didn’t, and that was that. You were approved if you had a good rating and were denied if you had a bad rating.
Times have changed. Computerized [...]
Why in Today’s Market a 30 Year Loan is King
In the past I used to tell people to look at different mortgage rates for different loan products and determine what was best for them. If they were planning on moving soon a 5 Year ARM might work. If they planned on staying on the house longer they might consider a 30 Year [...]
Who Should Be an Owner Builder in Today’s Economy
Owner builder construction loans are specifically designed for borrowers who wish to take on the construction of their own homes without having to hire a general contractor. In this way, the owner builder not only saves a lot of money but also gets a greater amount of control in the outcome and specifications of his [...]
Bad Credit Home Loans in Today’s Economy
In recent years bad credit mortgages have been readily available, however in 2009 that is no longer the case. With the housing market on the decline, so are the bad credit mortgage operations. Once easily obtained bad credit mortgages are now on a rapid decline and looks to not improve in the year 2009.
If you [...]
Australian Home Loans – What’s Up With Today’s Home Lending Market?
With interest rates at a 12-year high and lenders increasing their rates outside the Reserve Bank of Australia (RBA) cash rate cycle, many borrowers are understandably feeling wary. The cash rate is Australia’s official interest rate and usually lenders only move mortgage rates in synch with it, but this hasn’t been the case over last [...]
Today’s Market: First Time Buyers Are Happy
Applying for a first mortgage can be a daunting task for the potential first time home buyer. Most first timers do not realize just how much is entailed. Yet, according to many real estate agents, first time home buyers are driving today’s housing market.
Today’s housing market that is actually booming right now is [...]