BEWARE OF FORECLOSURE SCAMS
April 15, 2009 by Rebecca Hansen · Leave a Comment
Hello all. Please read the following carefully and pass it along to anyone you know.
There are many “Foreclosure Rescue” scams beginning to surface in light of the government’s moves to help prevent foreclosures.
Here are some things to remember:
There is never a fee to get assistance or information about the government’s Making Home Affordable program.
Beware of [...]
Info That Hits Us Where We Live
March 12, 2009 by Rebecca Hansen · 1 Comment
Image via Wikipedia
The National Association of Realtors (NAR) Pending Home Sales Index, that tracks housing affordability, rose to a record level in January. This was a result of the combination of mortgage rates, family income and home prices in January were “the most favorable since tracking began in 1970,” according to the group.
NAR also forecasted [...]
Stimulating Opportunities In The Government’s New Economic Plan
February 23, 2009 by Rebecca Hansen · Leave a Comment
The new economic stimulus package allocates $787 billion to boost our multi-trillion dollar economy. Here are some provisions individuals can take advantage of now.
1. Housing help. First time homebuyers can get up to an $8,000 tax credit if they close by November 30, 2009. This credit does NOT have to be paid back if [...]
Refi Now or Roll the Dice?
December 12, 2008 by Rebecca Hansen · 1 Comment
With 30 year fixed rate loans hovering around 5%, is this the time to pull the trigger on a re-finance of your mortgage? There are two groups of qualified borrowers who should look at refinancing?
Image by woodleywonderworks via Flickr
Those who have fixed-rate mortgages above 6%.
Those who have adjustable-rate mortgages and want the security [...]
IMPACTING YOUR CREDIT SCORE
November 17, 2008 by Rebecca Hansen · Leave a Comment
How does making an inquiry on your Credit Report effect your credit score???
When a consumer pulls their own credit report, it is considered a “consumer disclosure” request and therefore their credit scores will not be impacted by the pull. However, anytime a creditor accesses a consumer’s credit report it posts a credit inquiry. The credit report [...]
Is There Money To Lend?
October 13, 2008 by Rebecca Hansen · 4 Comments
YES, Mortgage money is still available! The liquidity of mortgage money is not a crisis, and people looking to finance a home are able to do so!
I just wanted to inform you that it is BUSINESS AS USUAL around here. We are still doing lots and lots of loans. Even if you do not have a 720 [...]
What Is Happening to Fannie & Freddie
September 12, 2008 by Rebecca Hansen · Leave a Comment
Major Points
Fannie and Freddie have been placed in conservatorship. (Federal government has taken 79.9 percent of common stock and all dividends in return for buying $1 billion of preferred shares.) Top Fannie/Freddie executives have been replaced.) In return, the Treasury will receive new senior preferred stock and warrants on the GSE’s (Government Sponsored Entitites) common [...]
MORTGAGE RATES
September 5, 2008 by Rebecca Hansen · 1 Comment
Provided By: Rebecca Hansen with Liberty Financial Group
NATIONAL OVERNIGHT AVERAGES
TODAY
LAST WEEK
30 yr fixed mtg
6.14%
6.26%
15 yr fixed mtg
5.67%
5.77%
5/1 ARM
5.81%
5.91%
30 yr fixed jumbo mtg
7.26%
7.36%
5/1 jumbo ARM
6.35%
6.43%
More Positive NEWS
August 29, 2008 by Rebecca Hansen · Leave a Comment
GOOD NEWS for the Colorado Market… act now before it’s too late
For Colorado as a whole, prices rose by 1.82% in the past year and by 0.32% in the second quarter please see the attached article from the Denver Business Journal for more detail.
As a mortgage professional in the industry I [...]
Closing Costs vs. Interest Rate…How to Choose?
July 1, 2008 by Rebecca Hansen · 1 Comment
photo credit: TW Collins
Once you feel comfortable that you have a mortgage professional who can advise you, here are some secrets for shopping effectively.
First, just like anything else IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS. No one has a commodity on rates- interest rates all come from the same places, [...]
