Mortgage

Mortgage rates hit 2011 low-Murrieta Real Estate News

by Monica Atherton August 10, 2011 Mortgage

Rates for certain home loans have fallen to new 2011 lows as bond yields continued dropping.

Real estate website Zillow.com on Tuesday reported the 30-year fixed mortgage averaged 4.14 percent, down from 4.19 percent during the same time last week.

The site’s home-loan records, which date back to 2008, showed the …

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Should You Pay Your Mortgage Bi-Weekly- Murrieta Real Estate News

by Monica Atherton July 24, 2011 Mortgage

Does it make sense to pay off your mortgage early?

It might.

Should you pay your mortgage bi-weekly?

Maybe.

Bi-weekly mortgage payment programs are something that many people take advantage of and seem to be happy with. The most common reason people give me when I talk with them about bi-weekly mortgage …

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Murrieta Real Estate News-Mortgage Rates Drop

by Monica Atherton May 31, 2011 Mortgage

Rates on fixed-rate mortgages dropped slightly this week, hitting new lows for the year, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey.

While lower rates often trigger applications for refinancing, purchase loan demand also picked up last week and was slightly stronger a year ago, a …

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Temecula Real Estate News-Your Credit Score

by Monica Atherton May 18, 2011 Mortgage

Your credit score, calculated from information in your credit report, is a measure of how good a risk you are to a credit grantor. A large proportion of borrowers who can’t qualify for a mortgage would qualify if their credit score was higher.

The theme of this …

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Mortage rates lowest since early December-Temecula Real Estate News

by Monica Atherton May 17, 2011 Mortgage

Mortgage rates fell yet again this week, dropping to their lowest level since early December, according to Zillow.com, which has been tracking mortgages since April 2008.

Zillow, which determines average mortgage rates based on custom mortgage quotes submitted daily through its website, found the average rate on a 30-year, …

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Mortgage Approval-Daily Temecula Real Estate News

by Monica Atherton May 12, 2011 Buyers

Borrowers without the income required to qualify for the mortgage they need have many possible options. “Income adequacy” is governed by general guidelines that can be adjusted to meet individual circumstances. It is “softer” than the down payment requirement, discussed last week.

Maximum debt-to-income ratio

The measure …

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TEMECULA Real Estate News-What to know about Debt

by Monica Atherton May 9, 2011 Buyers

Q: I think I already know the answer to this, but it doesn’t hurt to ask. What do you think about having your debt consolidated into a real estate mortgage loan? I would like to buy property, but my debt is what’s holding me back. Most …

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Mortage 101- Can You Answer Basic Mortgage Questions-Temecula Real Estate

by Monica Atherton May 3, 2011 Buyers

Forty-six percent of home buyers are not prepared with the essential information needed to take out a mortgage, a recent Zillow survey shows.

Online real estate hub Zillow conducted a Zillow Mortgage Marketplace survey and found that respondents answered basic questions about mortgage information wrong nearly half the time. Further, …

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