Tag Archives: homeowners

First of all we need to understand that the overhaul was put in place to make the system work effectively. The question we need to ask ourselves is how the overhaul has manifested itself?

The overhaul has manifested itself in the form of reduced APR. The reduced APR has in turn enabled many citizens acquire property, refinance their property, reduce the amount of monthly payments and also buy other new properties for residential and investment.
So, will the overhaul do any good? Yes. In this section I will answer it in subheadings:

Housing production gone up Continue reading

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Many people got into financial trouble during the recession when home prices decreased dramatically and homeowners were left with a mortgage that exceeded their homes value. While some people chose to stick it out and hope for a rebound in home prices, others decided to simply walk away from their homes which left many banks on the hook for these homes. While that is mostly in the past and we are not seeing significant declines on homes purchased since the recession began, what is the best advice for individuals who are considering using a home loan to purchase a home during these turbulent times?

All real estate, as many realtors like to mention, is local. What may be true in one location will not necessarily have the same impact in another. This is true even of major worldwide events. Even during the recession, home prices in certain areas, like New York, did not decrease nearly as much as they did in other locations such as Florida. As such, this article is concentrated on Texas and the specifics of the housing market in this location. Continue reading

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Ever since it was first created in 1934 to help homeowners hit by the Great Depression, the Federal Housing Administration has vastly expanded its services. For instance, after World War II the FHA helped veterans to pay for their homes. … Continue reading

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They say everything is bigger in the State of Texas. For the mortgage business the blue skies, green lights and that thing about the pot-of-gold and a rainbow regarding that popular FHA streamline refinance loan program might just qualify as … Continue reading

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In order to make the holidays a little more cheerful and less stressful for borrowers at risk of foreclosure, some mortgage lenders have halted their proceedings until after the holidays to give homeowners a short reprieve. It might be that … Continue reading

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