We are pleased that you are using diane-shelton.findingstlouishomes.com as your St. Louis area real estate resource whether you are interested in buying, selling or just looking. We appreciate your visits, comments, and questions. One of the most important considerations when buying real estate is the mortgage. There are many things to know and a trusted […]
Missouri Housing Commission Offering 3.50 Percent Mortgage Rate
Missouri Housing Development Commission (MHDC) has lowered the interest rates on mortgages offered under its first-time homebuyer program. A 3.50 percent 30-year fixed rate mortgage is available to homebuyers not needing assistance with down payment and/or closing costs, while a 4.0 percent 30-year fixed rate mortgage is available to those buyers who do take advantage of cash assistance. These rates are the lowest ever offered by MHDC.
Uncertainty could scare homebuyers from foreclosures
“GMAC Mortgage and JP Morgan Chase have already halted foreclosure proceedings in 23 states, following allegations that workers the companies employed failed to follow the proper legal procedures in filing paperwork related to judicial foreclosure proceedings.”
Avoiding Loan Modification Scams
free counseling from well trained non-profit counselors
Mortgage: Pay or Walk Away
It was reported last week that the HAMP (Home Affordable Modification program) participants is on the rise and growing. We need to improve and expand this program.
Current Mortgage Rates and Prediction
Mortgage rates ease slightly and are still hovering just above the low of December. Many are forecasting a rise in rates on the horizon. Inman News offers this report. The Mortgage Bankers Association Forecast.
Real Estate Settlement Statement Compares Actual Costs to Good Faith Estimate, Limits Changes
For the first time ever, HUD will require mortgage lenders and brokers to provide borrowers with an easy-to-read standard Good Faith Estimate (GFE) that will clearly answer the key questions they have when applying for a mortgage
First-Time Buyers Tax Credit Advance Loan Program
MHDC Rolls Out Innovative New Program For First-Time Homebuyers Starting January 2009, Missouri Housing Development Commission (MHDC) will have a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation. The federal first-time homebuyer tax credit was […]
Latest Economic and Housing Forecast from National Association of REALTORS
Pending Home Sales Holding In Stable Range WASHINGTON, December 09, 2008 Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index,¹ a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly […]
Buying Power for First-Time Homebuyers
If you are in the market or considering a purchasing your first home you should consider the economic factors and market conditions. Forecasters are telling us that mortgage rates will continue to fall slightly before stabilizing. We hear regularly that the housing market is at or near the bottom and a turn around is likely […]