Do you wish to have sufficient capital in order to set up your new business or increase your capital for the expansion of your business? If yes, then commercial lending seems to be the first choice for the business oriented-mind people. The commercial lenders have put forth certain rules and requirements before a particular business [...]
Author Archives | Dio Vannucci has written 95 posts on Mortgage Brains
We’ve started a new program here at Southwest Funding of Arkansas and we like to call it our Smart Financial Tip of the Day. We have been posting these on our Facebook page for the past few days so go HERE and like our page to check it out. These tips aren’t just about mortgages, they [...]
With all the scary press that the mortgage industry has received over the past three years it is no wonder that lenders have been wary of loosening guidelines. Up until recently it was extremely difficult to find FHA financing if your middle credit score was below a 640 and if you didn’t have 20% to [...]
Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points.
Mortgage rates could move higher beginning tomorrow morning. The Bureau of Labor Statistics releases its February jobs report at 8:30 AM ET.
December’s Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index’s 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December’s home values at similar levels as compared to early-2003.
After a strong run to close out 2010, the market for home resales softened a bit in January.
Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.
In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010.
Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
