Posts Tagged ‘rates’
Mortgage Underwriting Standards
http://www.chrisjenkins.remn.com
Many people believe mortgage underwriting standards are becoming tighter and stricter. However, tighter underwriting standards are a myth. In fact mortgage underwriting standards are easing slightly for qualified home buyers.
Duration : 0:3:30
How Interest Rates Move
Have you ever wondered what makes mortgage rates go up and down? Watch this clip which explains the dynamic between bonds and mortgage rates – in simple terms. (Video created by Dustin Hughes and Nick Mallory, www.edgevolution.com and www.thelendingjournal.com).
Duration : 0:7:4
Mortgage Broker – Construction Mortgage – Victoria BC
Renovation/Construction Mortgage Video Blog.
If you are looking at building a new home or doing major renovations and need mortgage financing you will be looking at obtaining a construction mortgage. Construction mortgages are also referred to as a draw mortgage, builders mortgage, or renovation mortgage.
If you are building a home from the ground up on your own (called a self-build) or through a builder and you do not have enough cash to pay for the whole project (who does really) you will need to obtain a specific type of mortgage that deals with all the different stages of building a home.
Unlike a regular residential mortgage on a complete home where the lender funds all of the required money on the date of possession a construction mortgage is advanced in stages. There typically are 4 stages where funds can be advanced. Those include when the foundation is complete, when the home is at lock up stage (framed, rough electrical and plumbing, and windows and doors are in), drywall complete and ready for paint and then the rest will be advanced when the home is complete. In some cases there also may be an advance to cover some of the cost to purchase the land that the home is being built on.
A construction mortgage may also be required when completing a major renovation on an existing home. In this situation a specific advance schedule will be determined between the lender and the consumer.
If you are looking at building a new home or purchasing a home that needs a substantial renovation contact Stephen Foster at www.stephenfoster.ca or give him a call at 250-889-7862 to discuss any of your real estate needs.
For more information on construction mortgage or any other mortgage visit www.jasonroy.biz or contact Jason Roy Residential Mortgage Specialist with TMG — The Mortgage Group Canada at 1-866-612-1312
Duration : 0:3:6
U.S. November Jobs Report Released; Mortgage Rates Rise (Video)
Dec. 2 (Bloomberg) — Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg)
Duration : 0:1:27
Terry Williams Rising Mortgage Rates Is Now the Time to Buy Your Next Home
MortgageDoctorOmahahttp://gdata.youtube.com/feeds/api/users/mortgagedoctoromahaPeopleTerry, Williams, Rising, Mortgage, Rates, Is, Now, the, Time, to, Buy, Your, Next, HomeTerry Williams Rising Mortgage Rates Is Now the Time to Buy Your Next Home
Duration : 0:3:27
mortgage Rates, FHA Streamline, Paying off credit Cards
This video is abut where mortgage rates are right now, info on what happens when paying off credit cards with a cash out refinance, and doing an FHA streamine refinance in a condo complex not FHa approved anymore.
Duration : 0:2:8
Many Homeowners Face Refinance Rejection
As many homeowners try to refinance their home loans due to record low mortgage rates statistics show how often banks say no.
Duration : 0:2:8
Mortgage rates makes historic drop
Mortgage rates continue to drop
The FOX 31 Newscast is Albany, Georgia’s only 10PM local newscast. For more local Albany, Georgia stories, visit http://www.mysouthwestga.com.
Duration : 0:0:41
Mortgage Rates Explained
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.
Duration : 0:3:27
Making Cents: Mortage Rates
Mortgage rates are low right now and that has a lot of homeowners considering refinancing.
We are making cents of whether its right for you.
Duration : 0:1:12