NJ Mortgage

Posts Tagged ‘rate’

this example shows the benefits of buying vs Renting. Note that if you live outside a metropolitan area such as LA or San Diego you can expect your benefit to be much much better. In Riverside county for example you can save about $400 a month without ever taking into account tax savings or appreciation.

Give me a call and we can discuss your specific situation.

Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com

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**COMMENT + SHARE** What if we could repeat 30 years of house price gains? What would house prices in Vancouver BC look like in 2038? This is what a straight line looks like running through average house prices, and what that same straight line looks like when you extrapolate mortgage rate changes during that time. How much are real estate price increases driven by debt and cheap money?

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We’ll update you with another video once we have the full guidelines, but for now it looks good and everyone should be ready so we can refinance as soon as we know.

Ryan Hoffman
Loan officer
Wholesale Capital Corp
951-488-3114
RHoffman@wccloans.com

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Mortgage Rates Explained, from http://www.RateAlertNow.com. Provides a free comprehensive look at how current home loan rates and points are set throughout each trading day including the most recent one. Explains how Federal Reserve Board Chairman Ben Bernanke acquired the nickname “Helicopter Ben.” Also offers a look at why you need to subscribe to guard against the potential for another round of higher rates on home loans including home financing, home refinance and home purchase as well as other residential real estate refinancing of all fixed rate mortgages from future economic releases and other influences today or tomorrow. Explains the benefits of an immediate real-time mortgage Rate Alert Service delivered via e-mail and/or mobile text messaging in real time directly to subscribers for less than one dollar a day at only $4.99 per week.

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Quicken Loans is a leading provider of adjustable-rate mortgages at http://www.quickenloans.com/home-loans/adjustable-rate-mortgage. ARMs maintain lower interest rates without the risk of rates suddenly spiking, and millions of Americans benefit from them each year. Find out if an ARM is right for you in this video from your friends at Quicken Loans.

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Technorati Tags: Adjustable, ARM, Explanation, loans, mortgage, mortgages, Quicken, rate, rates

Call Ryan Hoffman at Wholesale Capital to get qualified for your new home loan.

New Home, Refinance, or Invest!

951-488-3114
RHoffman@wccloans.com

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http://mortgagelocator.ca/

Many buyers ask me for a line of credit as part of their mortgage package, but they only put 5% down. This video explains whether or not this is possible, and under what circumstances it can be considered.

Hey everybody, Rowan Smith with The Mortgage Centre. I want to talk today about lines of credit. More specifically, mortgage lines of credit. A lot of times people will come to me and they’ll want to get a line of credit, along with their financing for their purchase, for renovations and whatnot.

Now, generally, if it’s going to be a mortgage, you’re going to have to have 20% down payment or 20% equity in the property before you can start getting a line of credit. Because CMHC, who governs less than 20 percent down purchases, doesn’t not allow an interest only product at this time; they do, but no lenders really support it.

So you’ve got to have 20 percent down if you want to start getting the ability to have a line of credit. Now what I mean by that is if you have 20% down and you pay it down so that you now have 30% equity in the property, you could borrow that 30% to 20%, that 10%, you could get that in the form of a line of credit assuming that your income and credit qualify for it.

So, if you’ve just bought something with five percent down and want renovation funds, a line credit with the mortgage is not part of the option. What you can do is get an unsecured line of credit through your financial institution you bank with. They can supply that to you, you can use that. Now you will not get mortgage rates on that line of credit, but it’s really the only option.

Alternatively, there’s a Purchase Plus Improvements Program if you want money for renovations. I’ve covered it in detail in the prior blogs, please do a search and you can watch it. It’s a good three or four minutes and it explains how the Purchase Plus Improvements Program works, or Refinance Plus Improvements.

If you’re applying for a line of credit increase – maybe you already own your property, you’ve got a substantial equity position at home and you simply want to increase that line of credit, come and talk to me. There’s many institutions which we can stick a line of credit behind any other mortgage.

So if you’ve a RB Royal Bank first mortgage, we can stick a line of credit behind that and get you mortgage rates on that line of credit. You don’t have to go to your bank if that’s the case. It’s only the unsecured lines of credit which you need to speak with your bank about.

If you’d like any clarification on this or need a line of credit, please give me a call. It’s Rowan Smith from The Mortgage Centre.

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At Dominion Lending Centres, we understand that purchasing a home is one of life’s most exciting endeavours, and is also a very comprehensive one.

Canada’s largest banks, credit unions, trust companies, and financial intuitions have teamed up with Dominion Lending Centres to offer you lowest mortgage rates, products, and services that are only available through our mortgage professionals. For example, the Dominion Lending Centres mortgage product line has an array of home financing solutions that are only available to our mortgage professionals and their clients.

Through a proprietary low interest rate mortgage product line coupled with member training, technology, and a leading edge company, our mortgage professionals are the best equipped to serve you in fulfilling your homeownership dreams!

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Learn what private mortgage insurance is and why you have to have it. Watch this short video to learn more.

Presented by Craig Turner and Chris Courtland with First Priority Financial – The mortgage loan experts you refer your friends to.

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Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.

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