W.J. Bradley Mortgage Capital, LLC
Long-term mortgage rates fell to record lows this week. A 30-year fixed-rate mortgage averaged 3.94 percent in the week ending Dec. 15, down from 3.99 percent last week, according to Freddie Mac ’s (OTC BB: FMCC) weekly’s rate report, matching an all-time low for 30-year mortgages. The average rate on a 30-year fix is nearly one … [Read more...]
For many Americans, our homes represent our single largest financial investment and asset, let alone the place where we eat, sleep, live our lives and raise our families. Given all the life changes that we can experience in 12 months, it's worth taking a moment to review what has happened in our lives — and in the real estate market — and … [Read more...]
If you are considering purchasing a home right now but cash is a factor, take a look at how I was able to minimize the TOTAL Investment into a home to just 3.5 percent of the sales price by having the lender pay the fees and impounds all of the other cash required at closing. Then take a look at the analysis of the break even point and total … [Read more...]
As of today, the government has not yet released the specific guidelines for the new HARP 2.0 program for those who have a loan to value in excess of 125%. Current projections are that the program will not be available until March. On Oct. 24, 2011, President Obama announced an overhaul to the HARP program with the intent of reaching more … [Read more...]
According to Zillow, HARP is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. It was announced in March 2009. However, as of Aug. 31, only 894,000 borrowers have refinanced through HARP. On Oct. 24, 2011, President Obama announced an overhaul … [Read more...]
Here is an analysis I did for a client of mine using some new software I have invested in. This particular client owes $400,000 at 5% and wants to see the value in refinancing. Here also is a link the the live presentation where I discuss and explain the transaction. What is No Fee Financing? … [Read more...]
I bet our rate is lower than what you have now!
