January 23rd, 2014 by admin
Posted in Cost vs Price, first time buyer, Flipping Property, Interest Rates, jumbo loans, low down payment, Lowest Interest Rate, luxury home loans, Mortgage Interest Rate Deduction, NO PMI, Private Mortgage Insurance, Real Estate, VA loans |
Tags: 5% down NO PMI, bank loan, best lender in charleston, best loan in charleston, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, lender, low down payment loans, low rates, mortgage, rising rates
What’s considered a Jumbo Loan? It’s any loan amount exceeding the county’s conventional loan limit. In most areas that’s $417,000. Some areas considered “High Cost” like New York and Southern California have higher limits. As high as $625,500. When you exceed this limit on your loan amount you fall under different guidelines that effect down…
December 18th, 2013 by admin
Posted in Cost vs Price, Flipping Property, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |
Tags: 5% down NO PMI, bank loan, best loan in charleston, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, lender, low down payment loans, low rates, mortgage, rising rates
The cost of getting a loan is going up in 2014. New loan level price adjustments by the Federal Housing Finance Agency (FHFA) will make it more expensive for those obtaining a mortgage by increasing fees for certain qualifying criteria like credit scores and the percentage of money borrowed on the value of the home….
June 5th, 2013 by admin
Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |
Tags: bank loan, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, low rates, mortgage, rising rates
As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. With a rate of 4.25% on a 200,000 loan, the payment…