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I added the widget for “online chatting” to my blog. Scroll down and you’ll see the chat box in my sidebar. If you have any questions and I’m online, ping me and we can chat. Have a great week! Irene Share this:Click to share on Facebook (Opens...Interest Rate Update: the 5/1 LIBOR ARM
I’ve mentioned in previous posts that interest rates on 30 Year Fixed mortgages have been better and more competitive than any other loan products, namely Adjustable Rate Mortgages (ARMs). This has been the trend for the past 6 months or so. It is...Obama’s Making Home Affordable Plan: The Most Recent Details
There are two sub-plans to The Homeowner Affordability and Stability Plan. The first provides homeowners who lack sufficient equity the ability to refinance their loans. The second helps homeowners who have fallen behind on their mortgage payments the ability to...Your Payment Responsibilities as a Homeowner
Part of Homebuying 101 is what your payment responsibilities are as a homeowner. There are either 3 or 4 items, depending on how much you have to put down. Your Mortgage Payment Mortgage Insurance (not necessary when you have 20% or more as a down payment) Homeowners...Homeowner Affordability and Stability Plan: FAQs
Part of Obama’s attempt to stabilize our housing market is the Homeowner Affordability and Stability Plan. There are two initiatives that are included within this plan. One is for homeowners that have between an 80% and 105% Loan-to-Value ratio in their home...2009 Loan Limits Set to Increase
Many of you know that the high balance conforming loan limit decreased from $729,750 to $625,500 in January 2009. This has hurt many people whose loans fall into that bracket. But there is good news! The House and Senate passed the American Recovery and...How Changing Your Exemptions Can Help You Make Your Mortgage Payment
Many home buyers take a look at their proposed total homeowner payment responsibilities (mortgage, property taxes, insurance and Mortgage Insurance, if applicable), and think, “There’s no way I can make that payment; I barely have enough take-home pay from...New Page Added: Mortgage Terms
I’ve added a new page! “Mortgage Terminology” can be found in the sidebar underneath “About / References.” I’ll add terms periodically and as they come up. If there’s anything missing that you’d like me to define,...Minimum Down Payment Requirements
I received a lot of additional questions to my January 26th post regarding the 5% down payment option, so I would like to go over down payment requirements for other property types and loan amounts. The following is limited to conventional loans. Down payment...Loan Calculator
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