Tag Archive for Mortgage

Homes.org Releases Mortgage Rates Update – How a Week of Market Reports Affected Interest Rates

admin | February 7, 2012 | One comment

Homes.org Releases Mortgage Rates Update – How a Week of Market Reports Affected Interest Rates











Find Homes & More at Homes.org

(PRWEB) February 03, 2012

The Homes.org weekly mortgage rate report found that mortgage interest rates rose last week despite the Fed’s announcement of long term plans to keep base interest rates at record. However, since that climb rates have again fallen back down to record lows. The up and down movement has been a product of investor confidence that the U.S. economy is growing stronger and government actions to help the housing market. This back and forth tug of war in interest rates is right in line with Homes.org’s forecast last week.

Current interest rates are:

         4.12% – average rate for a 30-year fixed rate mortgage

         3.34% – average rate for a 15-year fixed rate mortgage

In the last week, 30-year fixed-rate mortgages fell by 12 basis points while the 15-year fixed-rate mortgage dropped 11 basis points. This time last year the 30-year fixed was at 5.02%.

The Homes.org Weekly Mortgage Rates Update identifies the five reports coming out this week that could impact interest rates and how.


    Monday – December Personal Income and Outlays Report

    Tuesday – Consumer Confidence Report

    Thursday – Initial Jobless Claims Report and 4th Quarter Productivity Report

    Friday – Jobs Report

Homes.org is forecasting that there will likely be more steady movement over the next week with the possibility of a slight increase. There aren’t any big announcements being made by the government as was the case the last two weeks and the positive outcome in the market reports this week will probably keep investor confidence higher in the U.S. Especially since Europe is still struggling over their own economic issues.

To find more information on mortgage rates, new home listings and local real estate agents, please visit: Homes.org.

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , , , ,

Homes.org Releases Mortgage Rates Update – Fed Helps Rates Stay Steady

admin | February 3, 2012 | One comment

Homes.org Releases Mortgage Rates Update – Fed Helps Rates Stay Steady











Find Homes & More at Homes.org

Austin, TX (PRWEB) January 20, 2012

The Homes.org weekly mortgage rate report found that last week mortgage interest rates remained steady and the trend is likely to continue thanks mostly in part to the economic situation in Europe.

With the real estate industry expected to show some slight improvements this week, now is no time for mortgage rate increases. The Fed knows this and is doing their part to squelch upward movement by buying mortgage bonds. When bond buying is strong interest rates remain low and the Fed’s actions are keeping the traders’ interests up. This and Europe’s economic state is the primary reason for mortgage rates staying steady since last week.

Current interest rates are:

         4.18% – average rate for a 30-year fixed rate mortgage

         3.38% – average rate for a 15-year fixed rate mortgage

Most of the economic activity and reports that affect mortgage rates in the U.S. is happening late in the week, partially due to the week opening with a holiday. The Producer and Consumer Price Index inflation reports came out Wednesday and Thursday showing that inflation hasn’t occurred at the consumer level and dropped by .1% for wholesale prices. This is good news in the mortgage interest industry since increase in inflation often equates to higher rates.

Employment and spending numbers were also optimistic with spending and manufacturing up and unemployment claims down this week to the lowest level since April 2008. These trends are keep stocks from dropping and signaling signs of economic recovery in the U.S.

This week housing reports are also released which directly show how the real estate industry is fairing. The Housing Starts report released Thursday showed a 4.1% drop in December, however builder sentiment was stronger in January. They remain optimistic because single-family home starts did increase by 4.4%. The Existing Home Sales report due out today is predicted to show continued signs of recovery.

Homes.org is forecasting that with the Fed keeping mortgage bond buying in action, the EuroZone still in economic uncertainty and desire to keep the U.S. real estate market moving in the right direction, mortgage interest rates are likely to move sideways and remain just as low at the start of next week.

To find more information on mortgage rates, new home listings and real estate resources, please visit: http://www.homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , ,

Homes.org Releases Mortgage Rates Update – What the Fed Announcement Means for Mortgage Rates

admin | January 27, 2012 | One comment

Homes.org Releases Mortgage Rates Update – What the Fed Announcement Means for Mortgage Rates











Find Homes & More at Homes.org


Austin, TX (PRWEB) January 26, 2012

The Homes.org weekly mortgage rate report found that mortgage interest rates have inched upward since last week, however the Fed is aiming at keeping it from rising too much. As we predicted last week the Fed is determined to keep interest rates in check in an effort to keep real estate and the overall U.S. economy on its path to recovery.

Current interest rates are:

         4.25% – average rate for a 30-year fixed rate mortgage

         3.45% – average rate for a 15-year fixed rate mortgage

Here’s what Homes.org is reporting as the need to know info about the Fed’s unprecedented announcement yesterday and the effects it’s already having.


    The Fed stated it wouldn’t increase the benchmark interest rate until late 2014.
    The key rate has been kept at a record low near 0% for the last three years.
    The Fed is making the decision based on the slow economic recovery and signs that inflation will remain low.
    The timeline of late 2014 is a ‘best guess’ not a hard timeframe, depending on how the economy fares over the next few years.
    The Fed believes the economy will grow by 2.2-2.7%, that unemployment will drop to 8.2% and inflation will be at only 2% this year.
    The Fed also said that they are holding off on further bond buying, but that depending on the economy they may resume doing so in the future.
    The Fed actions were approved by members 9-1.
    After the announcement Treasury yields fell which indicates that mortgage rates will hold or decrease.
    Stocks saw positive gains after the announcement, recovering losses that were experienced earlier in the day.

Homes.org is forecasting that there will be a tug of war over interest rates in the weeks and month to come. As the U.S. economy improves and people gain confidence in it, it’s typical for interest rates to rise. However, the Fed is taking steps to try and counteract that from happening, no doubt because they know the lure of low interest rates will be a big factor in getting more buyers into real estate markets across the country.

To find more information on mortgage rates, new home listings and the home buying guide for today’s buyer, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , ,

Homes.org Releases Mortgage Rates Update – Interest Rates Fall Despite Signs of Recovery

admin | January 18, 2012 | One comment

Homes.org Releases Mortgage Rates Update – Interest Rates Fall Despite Signs of Recovery











Find Homes & More at Homes.org


Austin, TX (PRWEB) January 13, 2012

The Homes.org weekly mortgage rate report finds that last week was a good week for mortgage interest rates and the trend is likely to continue. Despite encouraging signs that the U.S. economy is on its way to recovery, rates started the week out 3 basis points lower. This is due to investor interest in U.S. Treasuries and bonds which are still considered a safer bet compared to European investments.

Current interest rates are:

         4.18% – average rate for a 30-year fixed rate mortgage

         3.38% – average rate for a 15-year fixed rate mortgage

All in all the economy was looking up last week – the December Employment Report showed a drop in unemployment to 8.5% and the Commerce Department noted that factory orders increased by 1.8% in November. However, the recovery has been slow and the real estate industry is still trying to find its footing.

This week two reports in connection with consumer spending will likely have an effect on interest rates come Monday. The Retail Sales Report, which tracks monthly sales of U.S. retailers, measures consumer spending which accounts for approximately 70% of the U.S. economy. The December report found that while spending wasn’t high initially expected there was a .1% gain after seasonal adjustments. While that wasn’t a huge gain it did add to the overall 2011 sales numbers which showed an 8% increase over last year making it the largest annual percentage increase in 12 years.

Friday the University of Michigan will release its Index of Consumer Sentiment. The report will indicate consumer’s willingness to spend which has a significant impact on the markets. If the report shows any dramatic changes over the last it will likely cause slight movement in mortgage rates.

Homes.org is forecasting that with the EuroZone still in economic uncertainty, and the U.S. posting strong annual sales figures investors will continue to see the later as the safer bet. Given the December sales report, the Friday sentiment report will likely show a slight increase in consumer confidence and willingness to spend. All of which indicates there won’t be much movement in mortgage interest rates next week.

To find more information on mortgage rates, new home listings and real estate resources, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , , , ,

30 Year Fixed Mortgage Rates Start 2012 By Tying Record Lows Announces ForTheBestRate.com

admin | January 8, 2012 | One comment

30 Year Fixed Mortgage Rates Start 2012 By Tying Record Lows Announces ForTheBestRate.com











ForTheBestRate.com – Research Current Mortgage Rates


Wilmington, NC (PRWEB) January 07, 2012

Mortgage rates remain at or near all time record lows according to mortgage rate research website, ForTheBestRate.com. Home loan pricing displayed by various banks, lenders, and brokers in the rate tables has been among the lowest in the site’s history. On Friday, January 6th, 2012 30 year fixed mortgage rates as low as 3.750% were posted (APR: 3.785%, Points: 0, Fees: $ 852, Lender: Everbank.) Pricing for 15 year fixed rate loans is near record setting lows as well, with advertised rates reaching 3.000% (APR: 3.061%, Points: 0, Fees: $ 852, Lender: Everbank.)

This pricing represents a small drop when compared to mortgage rates available during the last week of 2011. This decrease was also reported by Freddie Mac, a government sponsored enterprise and purchaser of residential mortgages on the secondary market, in their January 5th weekly rate survey. Data in the survey showed that the average 30 year fixed rate pricing fell to 3.91% (0.8 points) from an only slightly higher 3.95% (0.7 points.) 15 year fixed pricing saw a similar modest decline from 3.24% (0.8 points) the week ending December 29, 2011 to 3.23% (0.8 points) the following week.

Continued availability of mortgage rates below 4.00% for the 30 year fixed rate products is welcome news for homeowners interested in refinancing, but who held off during the holidays. “We tend to see things slow way down during December,” said Brian Mitchell, Sales Manager with Gateway Bank Mortgage, a North Carolina mortgage company. “People are busy with the holidays, taking some vacation time, and might not be closely watching the mortgage market or in a position to act. Now that we’re into the new year though, we’re talking to a lot of people who are evaluating their finances and want to look into how a refi could help improve things.”

Current mortgage rates for a number of different residential mortgage programs can be viewed on ForTheBestRate.com. Below is a snapshot of mortgage rates for a variety of products listed on the site on 01/06/2012. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates (0 Points)

Seckel Capital – 3.875% Note Rate – 3.875% APR – $ 0 Fees in APR

The Money Store – 3.875% Note Rate – 3.895% APR – $ 495 Fees in APR

20 Year Mortgage Rates (0 Points)

Quicken Loans – 3.990% Note Rate – 4.094% APR – $ 1803 Fees in APR

EverBank – 3.625% Note Rate – 3.674% APR – $ 852 Fees in APR

15 Year Mortgage Rates (0 Points)

Sekel Capital – 3.250% Note Rate – 3.250% APR – #0 Fees in APR

The Money Store – 3.375% Note Rate – 3.382% APR – $ 95 Fees in APR

5/1 ARM Rates (0 Points)

Aurora Bank – 3.125% Note Rate – 3.155% APR – $ 757 Fees in APR

First Financial Services – 3.250% Note Rate – 3.250% APR – $ 0 Fees in APR

About ForTheBestRate.com

ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina. For more information, visit http://www.forthebestrate.com/

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Finance | Tags: , , , , , , , , , ,

HSH.com Weekly Mortgage Rate Radar: Slight Bump in Rates to Close 2011

admin | December 29, 2011 | One comment

HSH.com Weekly Mortgage Rate Radar: Slight Bump in Rates to Close 2011











Foster City, CA (PRWEB) December 28, 2011

Rates on the most popular types of mortgages rose slightly, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages rose by two basis points (0.02 percent) to 4.06 percent. Conforming 5/1 Hybrid ARM rates increased by three basis points (0.03 percent), closing the Wednesday-to-Tuesday wraparound weekly survey at average 3.00 percent.

“Thirty-year fixed mortgage rates will start 2012 almost a full percentage point below where they began the year,” said Keith Gumbinger, vice president of HSH.com. “With the economy gradually improving, refinancing or purchasing a home at the start of 2012 will be much more compelling than it was at the beginning of 2011.” With home prices still falling, “homeowners with slight equity positions should not wait to refinance, but potential homebuyers might want to take a more leisurely pace,” Gumbinger noted.

Average mortgage rates and points for conforming residential mortgages for the week ending December 27 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

Average rate: 4.06 percent
Average points: 0.27

Conforming 5/1-year adjustable-rate mortgage

Average rate: 3.00 percent
Average points: 0.23

Average mortgage rates and points for conforming residential mortgages for the previous week ending December 20 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

Average Rate: 4.04 percent
Average Points: 0.32

Conforming 5/1-year adjustable-rate mortgage

Average Rate: 2.97 percent
Average Points: 0.28

Methodology

The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.

Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.

About HSH.com

HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit QuinStreet.com.

Press Contact

Andrew Heilman

775-784-3842

pr(at)hsh(dot)com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , , , ,

Homes.org Report Reveals the Top Mortgage Market Factors of 2011

admin | December 21, 2011 | One comment

Homes.org Report Reveals the Top Mortgage Market Factors of 2011











Find Homes & More at Homes.org


Austin, TX (PRWEB) December 20, 2011

The Homes.org weekly analysis of mortgage rates has found a number of factors that have influenced the movement of mortgage rates in the last quarter of 2011. Today, the 30-year fixed rate mortgage is 3.94%. This is a record low that was first achieved in October of this year. the 15-year fixed mortgage is also now at a record low of just 3.21%.

Both national and global activities are affecting the mortgage rates seen in the U.S. Below are the top three factors that are influencing whether mortgage rates remain low or begin to swing upwards.

EuroZone Economic Uncertainty

The economic troubles in Europe were found to be the most influential factor for mortgage rate movement in 2011. The health of the European economies is directly correlated to the increased buying of U.S. bonds which has helped to keep mortgage rates suppressed. However, the Federal Reserve recently noted, “Strains on the global financial markets continue to pose significant downside risks to the economic outlook.”

Fed’s Attempts to Boost the State of the Real Estate Market

The Fed has been taking actions and buying mortgage backed securities to keep the mortgage rates low in hopes that it will help to boost the slow-to-recover real estate market. Though there are signs of overall improvement in the real estate market compared to last year, the progress hasn’t been as fast or as great as hoped. The Fed, which has been keeping the federal funds rate at a record low 0-.25%, is expected to announce a strategy for better forecasting rates as early as January of next year.

Unemployment in the U.S.

The unemployment rate in the U.S. greatly affects a number of economic factors which feed in to average mortgage rates. Consumer Sentiment, Personal Consumption Expenditure (PCE), Consumer Spending and more will rise and fall with the unemployment rate. The latest Jobs Report announced that the national unemployment rate dropped to 8.6%. However, though thousands of jobs were added, the drop was partly due to thousands of people abandoning their attempt to find work.

Regardless of which way mortgage rates move, no significant swings are expected in the beginning of 2012. Rates will likely remain near record lows for the first few months of the new year because no major changes are expected to occur with any of the three factors listed above within that time period.

To find more information on mortgage rates, homes newly listed for sale and real estate resources, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , ,

Learn what the Trendsetters, Security America Mortgage, Inc., are doing differently in Houston, Texas to make VA Home Loans rank as the TOP 10 Home Loans for Veterans

admin | December 21, 2011 | One comment

Learn what the Trendsetters, Security America Mortgage, Inc., are doing differently in Houston, Texas to make VA Home Loans rank as the TOP 10 Home Loans for Veterans













Security America Mortgage, Inc. Value All American Veteran Military War Heroes

Houston, Texas (PRWEB) December 12, 2011

So what are the top 10 advantages to financing your home using a VA Home Loan compared choosing a conventional or FHA loan? We asked the VA Home Loan Management Team in Houston, Texas why their company, Security America Mortgage, Inc., specializes in VA home loans exclusively, and they told us why these type of loans continue to top the charts with veterans and active duty military personnel. The advantages are astounding!

Check out the TOP 10 VA Home Loan benefits now and see for yourself exactly why these are just a few of the reasons to make the best choice out of the bundle.

1. No Money Down with VA Home Loans

There is no down payment required for a VA home loan. If the veteran chooses to do so, they may put a down payment. However, the down payment is not a requirement for purchase. Many other loans have a down payment of 3.5% (FHA loans) of the purchase price to 20% of the purchase price for conventional loans. Recently, 100% financing was offered for conventional loans but this caused the housing crisis. Currently, the VA Home Loans are the only 100% financing offered.

2. No Closing Costs with VA Home Loans

There are many closing costs that are required with other loans. Closing costs include Homeowners Insurance, Title Insurance, Inspection Fees, Escrow Fees, Taxes etc. If the buyer structures a VA home loan offer to purchase the ideal way, the closing costs will be paid for by the seller and not the buyer. On average, the closing costs can exceed 3-5% of the purchase price of the home. This can equal thousands of dollars. If you purchase a home using a conventional loan, you may be required to pay $ 30,000 or more for closing costs. With a VA Home Loan, you may not have to pay anything!

3. Non Allowable Closing Costs with VA Home Loans

Even if the buyer chooses to pay the closing costs (or the seller refuses to pay), the VA will limit what closing costs the buyer can pay. In a conventional purchase transaction, the buyer may be charged for the following: Loan closing or settlement fees, document preparation fees, preparing loan papers or conveyance fees, attorneys services other than for title work, photographs, interest rate lock – in fees, postage and other mailing charges, stationery, telephone calls and other overhead, amortization schedules, and membership or entrance fees, escrow fees or charges, notary fees, preparation and assignment of mortgage to other secondary market purchasers, trustee’s fees or charges, loan application or processing fees, fees for preparation of truth-in-lending disclosure statement, fees charges by loan brokers, finders or other third parties, and tax service fees. However, with the Veterans Administration Home Loan, all of these costs are not allowed.

4. The VA Issues FREE Appraisals for VA Home Loans

When purchasing a home using a conventional loan or using cash, you will have to rely upon the appraisal as a means to determine the properties worth. The Veteran Administration will issue a certificate of reasonable value. This certificate is good for up to 6 months. Furthermore, the certificate of reasonable value (CRV) is valid for any VA buyer for up to 6 months, not just the one who wrote the contract.

5. VA Loans Specialist do the Work for You

During the appraisal, the VA inspector will verify that the property meets all Veterans Administration codes. The property must be in habitable condition. The VA protects the buyer from buying a property that is in bad condition. The VA inspector will examine, the roof, the furnace, the plumbing etc. If the property is not up to the VA code, the Veterans Administration will require that repairs are made to the home at no cost to the VA buyer.

6. VA Home Loans Offer Refinancing with Lower Interest Rates

If you (the VA buyer) have purchased a home using your VA home loan, you can choose to refinance to lower your interest rate. The streamline process allows you to refinance without a credit check, without most documentation and without an appraisal.

7. VA Home Loans No Pre-payment Penalties

Most conventional loans require a prepayment penalty. This means if you refinance or sell the home, the lender may charge you fees for doing so. In some cases, this can be as much as tens of thousands of dollars.

8. VA Home Loans Allows Points Capped

Most lenders or loan brokers will charge a service fee to originate a loan. These are commonly referred to as points. The VA has a set limit on loan origination fees. The VA will not allow a lender to charge you above what they feel is reasonable.

9. Assume-ability is Guaranteed with a VA Home Loan

All VA loans can be assumed by other veterans. Conventional loans require that a new buyer obtain a new loan. The VA will allow you to sell your property and have the new buyer take over your old loan.

10. VA Home Loans have the Lowest Interest Rates

The VA Home Loans are guaranteed to have extremely low interest rates compared to any other type of loan. The Federal Reserve play a role to play in deciding the interest rates for government funded agencies such as the VA. This fact is yet another reason why conventional loans with adjustable rates that could start out at 3% and may exceed 12%. A fixed interest rate on VA Home Loan will never increase, which is what it means to have a fixed interest rate. Your payment will remain the same for as long as you own the loan as well.

Would you like to know more about getting qualified for a VA Home Loan? The VA Home Loan Processors at Security America Mortgage, Inc. are specialists in veteran administration (VA) benefit services, and experts in VA Home Loan negotiations and processing.

To Apply for a VA Loan, contact a VA Loan Processor at 888-864-0726, or visit our website to to get started with the VA home loan application.

Was this information helpful? We would love to hear your feedback!

Email us at garrett(at)securityamericamortgage(dot)com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , , , , , , , ,

Guaranteed Home Mortgage Company Supports K.I.D.S. for the Holidays; Foregoes Annual Party, Provides Matching Funds for Employee Donations and Offers Large Contribution

admin | December 16, 2011 | One comment

Guaranteed Home Mortgage Company Supports K.I.D.S. for the Holidays; Foregoes Annual Party, Provides Matching Funds for Employee Donations and Offers Large Contribution











David Wind, President, Guaranteed Home Mortgage Company


White Plains, NY (PRWEB) December 13, 2011

Guaranteed Home Mortgage Company, Inc. (Guaranteed, http://www.ghmc.com), a national residential mortgage investment and banking firm, today announced its support for the K.I.D.S. (kids in distressed situations) charity by foregoing a company party, providing matching funds for employee donations and offering a significant one-time gift.    

Founded 26 years ago, K.I.D.S. provides new clothing, toys, books and related merchandise to children and families challenged by homelessness, military service and disaster survival. It has handed out more than $ 1 billion of new goods to 67 million children since its inception. Guaranteed selected the charity to reinforce the company’s commitment to assisting families find “the home of their dreams.”

David Wind, President of Guaranteed Home Mortgage Company, said, “As our company is focused ultimately on helping families into homes, the large number of Americans affected by both natural and economic disasters this year has saddened us. Our annual holiday party is intended to welcome and thank staff as members of our family. This year, however, our family is confronted by so many people in desperate circumstances, we decided to do something about it.”

Guaranteed supplemented the funds dedicated for the company party with an additional corporate gift, publicized the charity with a large heart displayed prominently on the home page of its website, and pledged additional matching funds for any contributions by employees.

K.I.D.S.’ donations are distributed through a network of nearly 1,000 local community social-service agencies. With overhead costs consistently at 2.5 percent, the organization has been rated as one of America’s most efficient charities, earning Charity Navigator’s highest four-star designation.

Founded in 1992, Guaranteed has grown rapidly since its inception, bucking the current trend in the mortgage industry. It was listed in the Inc. 500 list of fastest growing companies in the nation and maintains a weekly blog, “Mortgage Matters,” at http://www.joinguaranteed.com/blog with advice both for homebuyers and mortgage professionals.

For more information, please contact Kelley Berkheiser at 914-696-3400, or write Guaranteed Home Mortgage Company, Inc., 108 Corporate Park Drive, Suite 301, White Plains, NY 10604.

About Guaranteed Home Mortgage Company

Founded in 1992, Guaranteed Home Mortgage Company (Guaranteed), a licensed mortgage investment and banking firm, is comprised of more than 300 mortgage professionals lending in 28 states. The company, previously named in the Inc. 500 list of the fastest growing companies in the United States, provides residential mortgage financing to a wide variety of consumers and real estate professionals.

David Wind, an attorney, is Principal and President of Guaranteed. Previously, he served as a financial analyst of mortgage-backed securities at Citicorp Investment Bank and clerked in the real estate finance department of the New York State Attorney General’s Office.

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HSH.com Weekly Mortgage Rate Radar: Mortgage Rates Slip While Fed Holds Steady

admin | December 15, 2011 | One comment

HSH.com Weekly Mortgage Rate Radar: Mortgage Rates Slip While Fed Holds Steady











Foster City, CA (PRWEB) December 14, 2011

Rates on the most popular types of mortgages declined slightly this week, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 4 basis points (0.04 percent) to 4.09 percent. Conforming 5/1 hybrid ARM rates also decreased by 4 basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 2.99 percent. Rates for both types of home loans remain close to record lows.

“The Federal Reserve seems content to give policies already in place time to work,” said Keith Gumbinger, vice president of HSH.com. “Short-term interest rates remain at rock-bottom lows, and the Fed’s program of buying longer-term securities and mortgages continues to keep long-term interest rates low and flat.”

Gumbinger added: “The Fed likely sees no reason to make any changes, especially during a period of somewhat better economic news, absent any new panic over eurozone troubles or evidence of a sharp economic decline in the U.S.”

Average mortgage rates and points for conforming residential mortgages for the week ending December 13 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.09 percent
    Average points: 0.26

Conforming 5/1-year adjustable-rate mortgage

    Average rate: 2.99 percent
    Average points: 0.26

Average mortgage rates and points for conforming residential mortgages for the previous week ending December 6 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.13 percent
    Average points: 0.26

Conforming 5/1-year adjustable-rate mortgage

    Average rate: 3.03 percent
    Average points: 0.21

Methodology

The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.

Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.

About HSH.com

HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.

Press Contact

Andrew Heilman

775-784-3842

pr(at)hsh(dot)com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Category: Mortgages | Tags: , , , , , , , ,
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