Blog – Page 697 of 699

12 Feb 2013

Clever Tips for Paying Off Your Home Mortgage Faster

Personal Finance

Paying off the mortgage on your Solana Beach home faster not only means that you'll be able to enjoy the peace of mind that comes with completely owning your property sooner, but you may also save thousands of dollars in mortgage interest payments over time. Below are seven clever tips to help you get your mortgage payments on the fast track. Save for a large down payment Make as large of a down payment as you can reasonably afford. The more cash you can put down, the less you'll have to borrow from the bank. This will reduce your monthly…

11 Feb 2013

By Mark Feder

What’s Ahead For Mortgage Rates This Week: February 11th, 2013

Mortgage Rates

Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in California and across the country. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along with a full complement of closing costs. The U.S Department of Commerce reported that Factory Orders for December improved over November; they rose from 0.0…

08 Feb 2013

By Mark Feder

When Can You Buy Real Estate After Foreclosure?

Personal Finance

If you lost your Solana Beach home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think. There are a few guidelines that lenders follow to determine when you’ll qualify for financing after foreclosure. Arming yourself with this information may help you qualify again for a mortgage. Foreclosure With Extenuating Circumstances Generally, lenders will take into consideration any extenuating circumstances surrounding the foreclosure on your California real…

07 Feb 2013

By Mark Feder

Case-Shiller Index Shows Near 6% Home Price Gain

Housing Analysis

Home prices continue their upward climb. Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller Index methodology and data is for closed purchase transactions only. Between November 2011 and November 2012, home values rose in 19 of the 20 Case-Shiller Index markets, with previously-hard hit areas such…