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12
Sep
2009
Mortgage Rate Fluctuations
Posted by Greg Shuey as Interest Rates, Mortgages
One of the effects of the economic recession is the depreciating value of mortgage rates. Foreclosures and mortgage interest rates have been on a high during the past months due mainly to the economic downturn.
Aside from that, consumer spending has caused millions of unemployment, which led to homeowners’ inability to pay for their mortgages. Lending [...]
30
Oct
2008
Why Do FHA Streamline Loans Close At The End Of The Month?
Posted by Greg Shuey as FHA Loans, FHA Streamline Refinance, Interest Rates
Over the last few weeks we have been working on a few FHA Streamline Refinance loans and we have missed out on closing them in the month of October. Now we will have to wait until the last week of November to close them. You might be asking yourself, why?
Well, the major reason why we [...]
27
Oct
2008
Who Is The Best Candidate For An FHA Streamline Refinance?
Posted by Greg Shuey as FHA Loans, FHA Streamline Refinance, Interest Rates
I just got done helping a woman streamline their FHA home loan. It was a very easy loan and very beneficial for our client. When speaking with her about the possibility of a streamline refinance, she asked me a few questions that I though everyone considering this type of refinance would probably like [...]
23
Oct
2008
Now Is A Great Time To Get A Mortgage
Posted by Greg Shuey as Interest Rates, Mortgages, Tax Credit
I just got done checking interest rates and they are the lowest that I have seen them in about four weeks so now is an excellent time to purchase a home!
It is also a great time to purchase because housing prices in Utah and all over the country have plummeted and they are the lowest [...]
22
Oct
2008
Why You Should Know What The LIBOR Is
Posted by Chase Gunderson as Interest Rates
I was reading in the New York Times today and I noticed two articles about how the LIBOR rate had dropped significantly yesterday. LIBOR stands for London Inter Bank Offering Rate. Many people have no idea what influence LIBOR has on our economy and the loans we have. LIBOR has an immense impact [...]
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 [...]
