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02
Oct
2008
Need To Boost Your Credit Score?
Posted by Greg Shuey as credit scores
The days of purchasing a home with less than average credit are OVER!
The financial crisis that we are all experiencing and the meltdown of the stock market are forcing lenders to tighten their belts when it comes to mortgage lending practices. At the present time, your credit score has never played such a huge roll [...]
01
Oct
2008
Want To Be A More Attractive Mortgage Candidate?
Posted by Greg Shuey as Down Payments, Interest Rates, Mortgages, credit scores
It is getting harder than ever to obtain a mortgage, especially for those individuals with less than perfect credit and little money to put towards a down payment. The things that will affect your ability to obtain a mortgage loan are, your credit score, insufficient income for the size of the loan, insufficient down [...]
29
Sep
2008
The Beauty of FHA Streamline Loans
Posted by Greg Shuey as FHA Loans, FHA Streamline Refinance, Interest Rate Reductions, Interest Rates
On Thursday I was meeting with a potential client of ours who had an FHA loan here in Utah. They wanted to explore their options when it came to a refinance. They looked at FHA loan interest rate, they didn’t have bad credit, so their rate was actually going to be pretty low.
I am a [...]
12
Sep
2008
Foreclosures Hit Another Record High
Posted by Chase Gunderson as Foreclosures
Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses.
More than 770,000 homes have been repossessed by lenders since August 2007, when the credit crunch took hold.
Foreclosure filings of all kinds, including notices of defaults, notices of auctions and bank repossessions, grew 12% in August over July, [...]
11
Aug
2008
$7,500 Tax Credit For First Time Home Buyers
Posted by Greg Shuey as First Mortgage, Tax Credit
Washington policy makers and housing industry insiders hope a new tax credit for first-time home buyers will get the moribund housing market moving again.
But most analysts agree that the program is more of a band-aid than a cure-all for the battered real estate market. What’s more, others are quick to point out that the credit [...]
