Contact a lender before your viewing of homes for sale and get pre-approved. You need to determine your loan eligibilty and need to know how much you can invest in your purchase. This will help you and your Realtor with the search for the perfect home, in your price range.
When you find the [...]
ARMs (Adjustable Rate Mortgages): Most of the troubles in the current mortgage market are the result of adjustable-rate mortgages, which often feature very low introductory interest rates. Once the rate adjusts after 2 to 3 years, many homeowners can’t meet their monthly payments.
Nearly 2 million homeowners have ARMs that will adjust higher by [...]
Mortgage lenders rely on the secondary markets to borrow money to make more loans. The problems started as subprime mortgages (loans given to customers with poor credit history) started going delinquent at faster rates.
The problems have spread to the broader mortgage market, making investors nervous about almost all types of loans that cannot be [...]
I just received information about this loan program for “first time home buyers” from Capital City Bank. Bond money available for Leon and Jefferson County with an interest rate of 5.19%, 30-year fixed rate mortgage (rates & terms subject to change daily). For detailed info and terms contact: Carol Fraser, office# (850) [...]
