Finance – Both Fannie, Freddie tighten up rules April 1, 2009

Posted by Jiltin     Tags: , 22 February, 2009    401 views    (3) Comment

It’s not what home buyers, sellers and re-financers want to hear, but they need to know: Both Fannie Mae and Freddie Mac are ratcheting up their mandatory fees and toughening credit score and down-payment rules as of April 1. Some banks are asking for down-payment 25% now for new and refinancing! Most major lenders already are pricing in the higher fees, effectively raising costs to consumers immediately and reducing the impact of housing stimulus efforts from Congress and the Obama Read Full Article (Click here)...

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Points, loan fee, processing fees! How to find if refinancing is worth the cost? Best one!

Posted by Jiltin     Tags: , , , , , , , 12 November, 2008    2,063 views    (2) Comment

This is best Mortgage comparison Calculator I have seen! I was actually planning to write a simple program for this and found one. Banks/Mortgage companies provide more options, such as points, loan fee, processing fees, which is not easy to comprehend unless you are a mortgage expert. Even though they provide APR for comparison, it is very difficult for the individual to decide which is one is better than the others considering the complexity. Here is the calculator that does all the Read Full Article (Click here)...

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