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  • The New Rules for Mortgages


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  • Homebuyers Beware: Who’s Ripping You Off Now?--What You Must Know About the New Rules of Mortgage and Credit


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    • new mortgage FAQ

    What are my options in getting a new mortgage; will it be a regular one or an investment mortgage?

    Feb 16, 2009 by eric_j_morton | Posted in Renting & Real Estate

    I bought a house a year ago and fixed it up while I was living n it. Now I want to buy a new house and rent my current one out. What are my options in getting a new mortgage; will it be a regular one or an investment mortgage?

    As long as you plan to live in the new house it should be an owner occupied mortgage. However, you will need to have a written lease on your current home to count the rental income in qualifying for the new mortgage and generally they count the rental

    ghothem | Feb 16, 2009

    As long as you plan to live in the new house it should be an owner occupied mortgage. However, you will need to have a written lease on your current home to count the rental income in qualifying for the new mortgage and generally they count the rental
    ghothem | Feb 16, 2009

    What type of mortgage to get when buying new house before selling old one?

    Sep 20, 2006 by CJ | Posted in Personal Finance

    I am looking to purchase a new house for about $600,000. I have only 10% cash for the downpayment. We plan on selling our existing home right after the new purchase. I have about $300,00 equity in my current house. I also have a HELOC line for $30,000

    I wouldn't do a HELOC on your existing house because of the closing costs, possible early termination fees, and because some banks do not permit funds from a HELOC to be used as a down payment on another property. I think you should inquire about a "bridge"

    paleblueshoe | Sep 20, 2006

    I wouldn't do a HELOC on your existing house because of the closing costs, possible early termination fees, and because some banks do not permit funds from a HELOC to be used as a down payment on another property. I think you should inquire about a "bridge"
    paleblueshoe | Sep 20, 2006

    What is the best way to market a new mortgage company?

    Jul 14, 2006 by spafilterorders | Posted in Small Business

    I was thinking about working under a broker in the mortgage business but, it is all commission. Since you need new customers everyday how do you find people who need a mortgage if you are not tied in with a Realtor?

    Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

    TM Express™ | Jul 18, 2006

    new mortgage news

    Maryland's New Mortgage Delinquencies Improve

    21.05.12

    Just under 3 percent of Maryland homeowners with a mortgage were one payment behind at the end of March, the Mortgage Bankers Association said Wednesday. The average was just over 3 percent between 1979, when the trade group’s quarterly survey began, and 2006, before the mortgage and financial meltdowns that pushed the country into recession.


    Source: LoanSafe

    Isakson On New Mortgage Requirements

    21.05.12

    As we approach the fourth anniversary of the financial collapse caused by the bursting housing bubble, we’re still trying to figure out exactly what we’ve learned.  More specifically, we’re trying to ensure that we don’t repeat the same mistakes.  They are getting quite expensive.


    Source: Peach Pundit

    new mortgage about


    Fannie, Freddie To Set New Mortgage Servicing Standards
    Wall Street Journal - Apr 28, 2011 Fannie, Freddie To Set New Mortgage Servicing Standards WASHINGTON (Dow Jones)--Mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) will establish a uniform set of standards for the troubled mortgage-servicing process -- and impose fines on companies that violate those

    For retirees, a new mortgage presents challenges | Philadelphia Inquirer ...
    Philadelphia Inquirer - Apr 29, 2011 Will you be able to afford a new mortgage payment, as well as utilities, maintenance, and insurance on your home, after you retire, when your income will probably go down? Will having a mortgage offer you a significant tax deduction?

    Few in Manatee try new mortgage plan
    Bradenton Herald - Apr 29, 2011 Just 50 Manatee homeowners have applied to the state's $1 billion mortgage-assistance program in its first week, a comparatively low turnout that prompted various theories by experts. The Florida Hardest-Hit Fund, which offers short-term financial

    FHA and Fannie Mae offer loans for home energy improvements
    Los Angeles Times - May 01, 2011 Fannie Mae has an energy-improvement mortgage add-on program. By Kenneth R. Harney If you've been looking for a way to pay for energy improvements to your house, two little-publicized new mortgage programs could provide the cash you need.

    FHFA Releases New Mortgage Rate Data
    Mortgageorb - Apr 26, 2011 by MortgageOrb.com on Tuesday 26 April 2011 The Federal Housing Finance Agency (FHFA) has reported that the national average contract mortgage rate for the purchase of previously occupied homes by combined lenders, which is used as an index in some