The Closing Process |
| 2/26/2008 1:39:33 PM |
What's next? You have just worked with your ZipRealty agent to successfully submit your home offer and have it accepted by the seller. What do you have to do now? What does your ZipRealty agent have to do?
The following steps outline what happens during the closing process.
Click each box for more information.
If you still have questions, please call your local ZipRealty... Read More |
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10 Tips for Settling Into Your Home |
| 2/26/2008 1:05:46 PM |
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1. If you haven't done so already, change your address with the post office. Follow these links:
Change of address form
Post Office Locator
2. Transfer utility connections to your name as soon as you move in to your new home. Depending on your area, you usually have a set amount of time to transfer the account into your name before your service is suspended. Follow these links... Read More |
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3 Tips for Selling Your Home |
| 2/26/2008 12:57:57 PM |
You've made the decision to sell your home and now the work begins. Wondering what you can do to help your house show well and bring in top dollar? The three home-selling tips below can help you focus on the things that make a difference.
Tip #1: Home-Selling from the Outside-In
House hunters typically judge a book by its cover . . . or, in this case, a home by its exterior.... Read More |
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Qualifying for a Second Mortgage Loan |
| 2/26/2008 8:03:01 AM |
| A second mortgage loan, or home equity loan, is one of the easiest types of loans to acquire. Since most homeowners are responsible and have good credit, they can qualify for a second mortgage loan and use the funds for a variety of purposes. Even if you don't have the best credit score, you can get a home equity loan. In turn, you can use the money to pay off debts and... Read More |
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Possible New FHA Refinancing Option? |
| 2/21/2008 11:43:58 AM |
The Office of Thrift Supervision is preparing a plan to help people who currently owe more than their home is worth with an FHA refinancing opportunity and to discourage people from just walking away from their homes.
The plan is still being formulated and was only briefly mentioned in a quarterly news briefing and is not official yet. The main idea... Read More |
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What Determines Second Mortgage Rates? |
| 2/19/2008 9:18:11 AM |
| A second mortgage or home equity loan is likely one of the easiest ways to acquire extra cash. Whether you're looking for a way to pay for home improvements or you need to consolidate debts, a second mortgage can help. Of course, to benefit the most from a home equity loan, you'll need to acquire a good rate. Several factors determine second mortgage rates. For starters,... Read More |
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Bright Areas Identified With Commercial Real Estate in Michigan |
| 2/18/2008 9:09:25 PM |
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If you are looking to invest in commercial real estate in the Michigan area, now is the perfect time to do so. However, if you make a mistake in your investment decision the consequences could be disastrous. For tips and advice about Michigan commercial real estate investment, visit this Michigan Commercial Real Estate Blog.
The Michigan economy has been suffering of late.... Read More |
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Secretary Jackson on Project Lifeline, HOPE NOW and FHA Secure |
| 2/15/2008 9:30:40 PM |
On February 12, HUD Secretary Alphonso Jackson gave prepared remarks at the announcement of Project Lifeline. In his remarks, he touched on Project Lifeline, HOPE NOW and the FHA Secure program.
A portion of his remarks:
"And let's be clear and honest. One action alone will not solve every problem in the housing market. Rather, a series of... Read More |
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Homeowners Getting Payday Loans? For some people, even FHA refinancing options are not an option. |
| 2/15/2008 9:03:28 PM |
This week I talked to someone who was in such a bad financial situation, they actually couldn't refinance their current home with one of the FHA mortgage refinancing options or any other program. They couldn't even get a hard money loan!
After turning this person down for an FHA refinance, do you know what he told me he was going to do for his... Read More |
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Project Lifeline Announced -- Designed to Supplement FHA Secure and HOPE NOW |
| 2/12/2008 4:41:15 PM |
A new mortgage help plan coined “Project Lifeline” was unveiled today by the Treasury Department and the Department of Housing and Urban Development.
The plan will assist borrowers who are 90 days or more past due on their mortgage, and will not be limited to high-cost subprime mortgage holders like previous such as the FHA Secure or HOPE NOW plans... Read More |
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FHA Launches Direct Mail Campaign Targeting FHA Secure Eligible Borrowers For FHA Refinancing Options |
| 2/12/2008 6:56:13 AM |
Yesterday it was announced that HUD was mailing out 280,000 letters urging people to look into FHA Mortgage Refinancing options such as the FHA Secure mortgage program.
This is just one more sign that FHA is committed to the FHA Secure Mortgage program and trying everything it can to make it an effective FHA refinancing option for many at-risk... Read More |
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What is a Second Mortgage Loan? |
| 2/11/2008 8:35:21 PM |
Do you want to pay off your debts, make home improvements, or perhaps start a new business? If so, you'll need extra cash. You can either save money the old fashioned way, or choose to borrow money from your home's equity. A second mortgage loan is one of the easiest ways to obtain extra money. If you own a home, you may be able to qualify for a second mortgage loan.
This... Read More |
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Falling Behind in Your Mortgage Payments? |
| 2/9/2008 2:12:07 PM |
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Please ACT NOW!
Improve Your Chances
If you're a homeowner who's falling behind on your mortgage payments, please -- ACT NOW! Call your lender or loan servicer today. The telephone number is listed on your mortgage bill and on the year-end tax statement you receive from your lender.
If you take action now, you improve your chances of working out your situation with your... Read More | |
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Increased FHA Loan Limits will help almost 200,000 people FHA Refinance and keep their home |
| 2/8/2008 10:29:25 PM |
According to the National Association of Realtors (NAR), the passage of the economic stimulus package and the increase in FHA loan limits will help an additional 138,000 Americans achieve the dream of homeownership and will allow nearly 200,000 homeowners to refinance and potentially keep their home, according to NAR research.
In addition, NAR... Read More |
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Streamline FHA Mortgage Refinance Program |
| 2/5/2008 7:52:32 AM |
If you’re like many consumers, you may think that “streamline” FHA mortgage refinance programs are those that have no costs associated with the transaction. In fact, “streamline” mortgages don’t refer to cost, but rather to the amount of underwriting and documentation executed by the lender.
HUD has permitted streamline FHA mortgage refinancing... Read More |
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More Foreclosures Could Be Prevented If FHA Secure Mortgage Program Guidelines Are Loosened |
| 2/5/2008 7:33:54 AM |
There is a study being circulated at the American Securitization Forum which was obtained by Reuters that says “more than 600,000 troubled homeowners could win new mortgage terms after easing terms of the FHA Secure Mortgage program.
More specifically, the document suggests that FHA loosen its FHA Secure Mortgage program to aid not just adjustable-rate... Read More |
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Another FHA Mortgage Refinance Option: Getting Cash Back Using The 95% FHA Mortgage Refinacing Cash Out Product |
| 2/5/2008 7:22:11 AM |
The FHA Secure Mortgage plan recently announced by President Bush seems to be gettting the lions share of the press related to the FHA mortgage refinancing programs available to borrowers -- but it is probably not the most popular one. What is the most popular FHA mortgage refinancing option in today's world?
Probably the 95% cash out FHA mortgage... Read More |
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How to Qualify for a Second Mortgage Loan Rate? |
| 2/5/2008 6:40:25 AM |
| A second mortgage or home equity loan can provide enough cash to pay off debts, make home improvements, start a retirement account, and more. Plus, getting approved for an equity loan is easy because your home serves as collateral. Even so, an approval doesn't guarantee the best second mortgage loan rate. Regarding a home equity loan rate, mortgage lenders take several... Read More |
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Points Rates & Fees |
| 2/4/2008 8:29:07 PM |
Not only do you have to understand what type of mortgage you should choose, you have to understand the costs associated with your mortgage. All of these costs will be paid upon closing your mortgage.
Purchase Points
Purchase points, also known as a "buy-down" or "discount points," are an up-front fee paid to the lender at closing to buy-down or lower your interest rate over... Read More |
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Find Valuable Info About Getting An FHA Mortgage |
| 2/4/2008 1:46:54 PM |
 Nervous about maintaining your current mortgage or even the prospects of ever owning your own home again? Yeah, me too. While admit that the housing picture looks bleaker now than it has been in the last 20 years, I'm not willing to give in to panic. Why? Because these days, homeowner and potential buyers have access to more good information about getting and maintaining a... Read More
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