Author Archive: John Evans

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Reasons Why You Should Consider Refinancing Your Mortgage
By November 14, 2013 0 Comments Read More →

Reasons Why You Should Consider Refinancing Your Mortgage

Refinancing a mortgage is a golden opportunity to lock in today’s low interest rate for the next 15 or 30 years. While interest rates now are still low, there’s a good chance they will be heading up in the coming months.

Posted in: Mortgage Tips
3 Tips To Sidestep These Common FHA Loan Hang-ups
By November 13, 2013 0 Comments Read More →

3 Tips To Sidestep These Common FHA Loan Hang-ups

FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market.

Posted in: Mortgage Tips
5 Reasons You Might Need To Consider Non-Traditional Financing
By November 12, 2013 0 Comments Read More →

5 Reasons You Might Need To Consider Non-Traditional Financing

Private Money financing refers to loans collateralized by real estate, where the source of the funds used to close Real Estate transactions come from private investors. The decision by the investors to make a loan is based primarily upon plenty of equity in the real property securing the loan thus reducing the risk of loss.

Posted in: Personal Finance
Creative Ways To Recycle Everyday Household Items
By November 8, 2013 0 Comments Read More →

Creative Ways To Recycle Everyday Household Items

Every week the trash truck comes to pick up our garbage and unwanted items, which are promptly taken to landfills. Instead of filling landfills and just buying new items to stuff our homes, we can help the earth and recycle everyday household items.

Below are a few fun and creative ideas for recycling things around your home that you might be ready to trash.

Posted in: Around The Home
Factors To Consider When Applying For A Home Mortgage
By November 7, 2013 0 Comments Read More →

Factors To Consider When Applying For A Home Mortgage

Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you?

Reputable lenders look at a list of criteria to decide how much they’ll loan you.

Posted in: Mortgage Tips
Are 50 Year Mortgages A Good Financing Option?
By November 6, 2013 0 Comments Read More →

Are 50 Year Mortgages A Good Financing Option?

When most people are taking out a mortgage on a property, they select either a 15 or 30 year mortgage loan. However, there is a new mortgage option that has been available to home owners since 2006 and that is the 50 year mortgage loan.

Although a half-century might seem like a very long loan term, there can be some advantages to taking out a five-decade mortgage. Here are some of the pros and cons to taking out a mortgage that you repay over 50 years.

Posted in: Mortgage Tips
When Should You Shred Your Financial Documents?
By November 5, 2013 0 Comments Read More →

When Should You Shred Your Financial Documents?

How do you know what happens to your documents when you put a piece of paper in the trash? It can be difficult to know who is seeing it and what they are doing with it. It isn’t very common to burn trash anymore; therefore you can be sure that your paper garbage or recycling is likely to pass through several hands on its way to a landfill or recycling center.

Posted in: Personal Finance
What’s Ahead For Mortgage Rates This Week – November 4, 2013
By November 4, 2013 0 Comments Read More →

What’s Ahead For Mortgage Rates This Week – November 4, 2013

Last week’s economic news came from a variety of sources. Most significant was the Fed’s Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities.

The FOMC statement announced the committee’s intention to closely monitor economic and financial developments “in the coming months,” which suggested that the FOMC is taking a wait-and-see position on reducing its $85 billion monthly asset purchases.

Posted in: Housing Analysis
Recent Government Activity And Its Effect On Mortgage Interest Rates
By November 1, 2013 0 Comments Read More →

Recent Government Activity And Its Effect On Mortgage Interest Rates

Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing.

Overall, mortgage rates have decreased because of a lack of confidence in the government’s ability to get its finances under control.

Posted in: Mortgage Tips
Fed Meeting Minutes Release Hope Of A Stronger Economy With New Measures
By October 31, 2013 0 Comments Read More →

Fed Meeting Minutes Release Hope Of A Stronger Economy With New Measures

The Federal Reserve’s Federal Open Market Committee released its customary after-meeting statement on Wednesday. In the context of meeting its dual mandate of stabilizing pricing and achieving maximum employment, the FOMC statement indicated that although the economy has improved in areas including household spending and labor market conditions, the national unemployment rate remains high and the housing market recovery has slowed.

Posted in: Housing Analysis