Archive for December, 2008

First rung on property ladder now in reach as prices tumble (The Herald)

Wednesday, December 31st, 2008

First-time buyers should find it easier to get on the property ladder in two-thirds of local authority areas in Scotland, according to new research.

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Lenders: Beware of signs (The Economic Times)

Wednesday, December 31st, 2008

Like equities, interest-rate cycles are impossible to time. But unlike stock market borrowers, lenders do get some advance notice of change.

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Americans Under 70 May Find 2008 Was Their Least Favorite Year (Bloomberg)

Wednesday, December 31st, 2008

Dec. 31 (Bloomberg) — This wasn?t just a bad year for the economy. By some measures, it was the worst year any American under age 70 has ever seen.

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Mortgages: What You Need to Know in 2009 (BusinessWeek Online via Yahoo! News)

Wednesday, December 31st, 2008

With all the doom and gloom over housing, you might be surprised to know that this is a fantastic time to get a mortgage. Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan these days if you have a solid FICO score, a manageable debt burden, and proof positive of a reliable income.

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?Piggyback? Mortgages May Cut Modifications, Fed Says (Update1) (Bloomberg)

Wednesday, December 31st, 2008

Dec. 30 (Bloomberg) — Attempts to loosen terms on hundreds of thousands of delinquent home loans may be hindered by so- called piggyback second mortgages that gained popularity during the U.S. housing boom, Federal Reserve researchers said.

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Those who can find time right for refis (Lake County Journals)

Wednesday, December 31st, 2008

The Federal Reserve?s decision last week to cut a key interest rate has sparked a stampede to lenders by customers eager to refinance or buy homes on the cheap.

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The rush to refinance (FOX 19 Cincinnati)

Wednesday, December 31st, 2008

There’s a bright spot in tough economic times - falling interest rates for home loans. It’s making many people across the Tri-State rush to lock in rates before the new year.

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Three Ways To Pay For Home Improvements (The Motley Fool)

Tuesday, December 30th, 2008

If you are planning on doing home improvements in 2009, have you considered how you will pay for them?

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Tightening credit market changing how homes are sold (The Herald-Mail)

Tuesday, December 30th, 2008

Changes in the housing market can change the nature of home-sale transactions.

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Can You Get a Loan? (Kiplinger.com)

Tuesday, December 30th, 2008

The short answer is yes. But you need a sterling credit history to get the best rate.

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