Christmas holidays out as Britons opt to stay at home
New research has shown that more Britons are choosing to stay at home over the Christmas period due to the financial crisis.
The study by the AA found that nearly a fifth of those who travelled last Christmas have decided to stay at home this year.
As well as the economic crisis putting pressure on British consumers, the falling value of the pound has meant that travelling abroad is more expensive compared with last year, Read more
Low Interest Rates, Low Housing Prices and Lower Down Payments. The Home Buying Stars Have Aligned.
Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about.
The home buying stars have aligned, and they’re telling you to take advantage.
#1 Mortgage interest rates have dropped to the lowest they’ve been in 50 years. With mortage interest rates at historic lows, the number of people Read more
Survey Shows Fewer Inclined to Purchase a Foreclosed Home
The percentage of U.S. adults who would consider buying a foreclosed home has dropped below 50 percent, according to a survey conducted by Trulia and RealtyTrac.
In a previous survey completed in April, 54 percent of adults said they would consider the purchase of a foreclosed home, but that number has since dropped to 47 percent.
Not only that, but negative sentiment with regard to the purchase of a foreclosed Read more
Home Builders Wants Mortgage Rates at 2.9 Percent
The chief executive of the National Association of Home Builders reportedly wants a government program launched to lower interest rates on home loans to 2.9 percent, along with an expanded homebuyer tax credit.
With these two initiatives in place, NAHB boss Jerry Howard believes the glut of unsold housing inventory could be off the market in six to 12 months.
He believes 4.5 percent mortgage rates aren’t Read more
7500 Tax Credit For First Time Home Buyers
Congress created the $7500 tax credit incentive to help first time home buyers get into a home and stimulate the housing market and economy. Their rationale is that it will help stabilize home prices and increase home home sales. First time home buyers purchasing a home between April 9, 2008 and before July 1, 2009 are eligible for the 7500 tax credit. The home must be used as a principal residence and be occupied within this time frame. For Read more
Shopping for Texas Home Loans? What You should know before you start. Part 2
There has never been a better time to protect your interest while shopping for a home loan. The best way to do that is through educating yourself on the process so you can tell a good mortgage professional from a bad one. Below is Part 2 of our “Shopping for Texas Home Loans? What You should know before you start.” In this section we will discuss the basic down payment requirements for various types of home purchases.
Home renovations on sale
If you’re struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you’ve postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task.
financerss.co.uk
Home Loan Apps Rise Slightly as Mortgage Rates Look to Fall
Mortgage application volume rose a modest 1.5 percent on a seasonally adjusted basis for the week ending November 21, the MBA reported today.
On an unadjusted basis, the home loan application index actually fell one percent compared to the previous week and was down 21.9 percent compared to the same period a year ago.
Refinance applications slipped 2.1 percent, while purchase applications and FHA lending Read more
Wyclef Jean’s Miami Home Foreclosed On
Another day, another celebrity foreclosure, this time involving former Fugees guitar player and current solo act Wyclef Jean.
Before you feel too bad for him, understand that the residence had never been vacated by the hip-hop star, so he’s not out on the streets as a result.
According to the Palm Beach Post, Wyclef’s corporation borrowed $2 million from Home Equity Mortgage Corp. back in 2004 so he Read more
Shopping for Texas Home Loans? What You should know before you start.
With our local media acutely focused on the hazards of shopping for Texas Home Loans, there has never been a better time to protect your interests through educating yourself on the loan process. Below is Part 1 of our, “What you should know before you start the loan process” series. What is? Your Fico Score - The Middle Score of all three credit companies is used to determine the rate you qualify for. Example: Scores from Read more