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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 [...]
13
Nov
2008
First Time Home Buyers Financing Basics
Posted by Greg Shuey as Down Payments, FHA Loans, First Mortgage, Mortgages, credit scores
As I’ve talked about recently, now has never been a better time for first time home buyers to get into a home. However, if you are a first time home buyer, you are probably overwhelmed by the many different financing options available to you. If you take the time to research the basics of obtaining [...]
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 [...]
08
Oct
2008
Keeping Up With The Jones’s
Posted by Greg Shuey as Foreclosures, Mortgages, home loans
This weekend I was watching the General Conference of The Church of Jesus Christ of Latter Day Saints with my wife and daughter. One of the best talks that I heard on Saturday morning was the talk given by L. Tom Perry.
Elder Perry talked a lot about debt and not getting yourself in over your [...]
06
Oct
2008
Do You Have To Get Private Mortgage Insurance
Posted by Greg Shuey as Down Payments, Mortgages
For those of you new home buyers reading this, did you know that if you don’t have a downpayment of at least 20% or more that you will have to carry private mortgage insurance (PMI) until your loan is paid down below that 80% mark?
In the past, some people have gotten around this rule by [...]
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 [...]
