Nearly One In Four Borrowers Underwater
November 24, 2009 Nearly One In Four Borrowers Underwater (Dow Jones) The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in their homes in the third quarter, according to […]
Are you eligible for a VA Loan?
VA’s Home Loan Program is for veterans, active duty military personnel, and certain members of the reserves and National Guard. VA’s program provides an excellent product and benefit for those individuals who have served or are serving to protect our families and our nation. Some of the benefits of a VA loan are: 100% financing […]
Rising Interest Rates
It is true that mortgage interest rates have been rising over the past several weeks. With today’s best rate at 5.25%, it is still at record lows and a great time to buy a home. There are numerous programs available that allow up to 100% financing and don’t forget the great $8,000 tax incentive to […]Tagged home loansinterest ratesmortgage