What to Know About PMI and How to End Paying It!
Research and publish the best content.
Get Started for FREE
Sign up with Facebook Sign up with Twitter
I don't have a Facebook or a Twitter account
Already have an account: Login
Best Brevard FL Real Estate Scoops
3.6K views |
+1 today
|
Best Brevard FL Real Estate Scoops
Ahoy there, it's Agi Anderson, Your Brevard FL Realtor and the proud owner of BrevardFLRealtor.com There are so many facets to being a Realtor and resident on the Brevard FL Space Coast, that’s why I provide 10 different topics of the Best Blog Posts across the web … You can follow one topic or follow them all. I scour the web scooping up the BEST blog posts with real estate, healthy living, boomers downsizing/retiring, life on the Space Coast, Home Decor and much more! Questions? You can call, text or email me using my online Biz Card card at … ContactAgiNow.com.com Curated by Best Blog Scoops |
Your new post is loading...
|
Scooped by Best Blog Scoops |
Scoop.it!
Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to have a negative effect on home affordability.
Best Blog Scoops's insight:
There will be an effect on consumer psychology: having now seen the Fed raise rates in 2017, and with two more rate increases considered very likely, potential homebuyers will get off the fence and into the market, in order to buy a house before rates go any higher.
|
|
Scooped by Best Blog Scoops |
Scoop.it!
The remaking of U.S. politics is likely to upend the nation’s mortgage market; interest rates and regulation are the reasons why.
Best Blog Scoops's insight:
“The ultimate problem is the impact of rising rates on home values,” said Stu Feldstein, president at SMR Research Corp., a mortgage-research firm. “We’re back into a bubble condition in part because of low rates that have enabled people to buy houses much more expensive than their incomes could afford.”
|
|
Scooped by Best Blog Scoops |
Scoop.it!
Today’s market may seem to be improving: distressed sales are down, home prices are up and less needs to be saved to make a down payment, but could these factors ultimately lead to the next housing crisis? Some believe the market may be on the verge of another crisis as it seems to be showing the same signs as were seen in 2005 to 2007, according to an article by Michael Brush for MarketWatch. One of the major factors is the high price for smaller homes, . . .
Best Blog Scoops's insight:
Banks are taking less down, but homebuyers are also paying more in monthly mortgage payments, according to the article, and incomes are not increasing at the same rate.
While some applaud the idea of providing the option to pay less down on a home, could it be a factor that is causing the next recession, and is that recession closer than we think?
|
|
Scooped by Best Blog Scoops |
Scoop.it!
One slice of sellers is faring much worse than everyone else in terms of equity built up in their homes, according to new data from the NAR.
Best Blog Scoops's insight:
Helping owners STOP mortgage misery at PainfulPropertySolutions.com
Those who bought their homes 8 to 10 years ago, at the height of the real estate bubble—have gained almost no equity in that time, an average of just $3,000 or 1%, said Jessica Lautz, the NAR’s managing director of survey research and communication.
Plus, many of the negative amortization loans written from 2005-2007 are now converting causing severe financial hardship to homeowners and real estate investors. I am speaking with quite a few owners whose mortgages have converted this year. One investor's payment has tripled, needless to say I am helping him sell in a short sale.
If you or someone you know is in this situation, please reach out to PainfulPropertySolutions.com
|
|
Scooped by Best Blog Scoops |
Scoop.it!
The BurkeyLoan is designed to help college grads become homeowners by rolling their student debt into a mortgage.
Best Blog Scoops's insight:
Well this seems like a good idea. Thoughts?
Loading
What is PMI? Great question, right? Many people, especially first-time home buyers, hear the term PMI and have no idea what it means.
My real estate pail Bill Gassett, explains PMI in this very informative post, but more importantly, how how you can terminate PMI and put more money in your pocket!!
brought to you by,
Agi Anderson
Your Brevard FL Realtor
ContactAgiNow.com
Check out all my topics at
BestBlogScoops.com