Archive for the ‘Credit and Mortgage Tips and News’ Category:

Feb 28 2012

5 Tips for A Sucessful St. Louis Home Purchase

By Mark Richert
5 Tips for A Sucessful St. Louis Home Purchase
5 Things You Should Do to Prepare for St. Louis Home Buying It’s almost spring and the peak home buying season is almost upon us. What you can do to be prepared: Get Your Financing In OrderWhen Buying a St. Louis Home Know what you can afford and what you are comfortable with for your mortgage ... [Continue Reading]
Jan 11 2012

4 Reasons The Real Estate Prophet Says BUY Now

By Mark Richert
4 Reasons The Real Estate Prophet Says BUY Now
“I have been waiting for more than five years to offer this advice. It is now time in most cities across the country to buy a new home or refinance your existing home with thirty-year fixed rate mortgage debt.” So says the author John R. Talbott of The Coming Crash in the Housing Market which was ... [Continue Reading]
Jan 07 2012

How to Buy a Home with a Friend or Partner

By Mark Richert
How to Buy a Home with a Friend or Partner
Buying a Home with a Friend If you’re single and you want to buy a home, but your income isn’t enough to purchase what you want, you could consider a buying partner. Especially in large, more expensive cities, there’s a growing trend these days for friends to team up and purchase property together. Buying More ... [Continue Reading]
Sep 12 2011

Military First-Time Home Buyer Grants Now Available for Vets and Active Personnel

By Mark Richert
Military First-Time Home Buyer Grants Now Available for Vets and Active Personnel
First-Time Home Buyer Grants Up to $5000 for Down Payment for  Active and Veteran Military Members Do you know someone who has served their country in our military?  There is a new grant being offered for up to $5000 which can be applied to a mortgage at any financial institutions made possible through the Dream Makers ... [Continue Reading]
Jul 20 2011

Fannie Mae National Housing Survey-Attitudes Towards Owning a Home, Renting, and Personal Finances

By Mark Richert
Fannie Mae National Housing Survey-Attitudes Towards Owning a Home, Renting, and Personal Finances
Monthly Survey Reports Opinions on Home Ownership, Renting, and Household Finances Fannie Mae has a new monthly consumer attitude report offering a peek into the sentiments of Americans across the country. What are people feeling about owning a home, whether it’s a good time to buy or sell, and people’s outlook on home prices and ... [Continue Reading]
Mar 03 2011

St. Louis Home Buyers:Cost of FHA Loans Are Going Up in April|What You Can Do Now

By Mark Richert
St. Louis Home Buyers:Cost of FHA Loans Are Going Up in April|What You Can Do Now
How the Monthly Cost of a FHA Mortgage Will Increase After April 18th You’ve probably heard of the “Golden Rule.”  Have you heard the other version? He who has the gold … makes the rules! FHA has the gold.  Their loans are one of the most popular loans due to the fact that they only ... [Continue Reading]
Oct 15 2010

Five Mistakes St. Louis Home Buyers Make

By Mark Richert
Five Mistakes St. Louis Home Buyers Make
1.  Snubbing the Real Estate Agent St. Louis home buyers, without the weight of having a home to sell, can definitely benefit from this current “buyer’s market” and historic low interest mortgage rates.  But woe to the overconfident buyer.  Here are five common mistakes buyers tend to make. With a wide variety of web sites ... [Continue Reading]
Jul 17 2010

New Laws from Fannie Mae Could Delay or Deny Closings for St. Louis Home Buyers

By Mark Richert
New Laws from Fannie Mae Could Delay or Deny Closings for St. Louis Home Buyers
New Rule from Fannie Mae Could End Up Ruining or Delaying Closing on Your Future Home If you’re not very careful, a new rule just enacted June 1st by Fannie Mae, could put an end to your dreams of owning a home. Fannie Mae has implemented what’s called “The Loan Quality Initiative (LQI). (Don’t you ... [Continue Reading]
May 25 2010

Mortgage Rates Drop-Rates Now Below 5%

By Mark Richert
Mortgage Rates Drop-Rates Now Below 5%
Mortgage Rates Decline Home Buyers Get Surprise Drop In Rates Below 5% Here’s some news that is surprising a lot of people-mortgage rates have dropped below the 5% level. The housing industry had been bracing for a season of rising interest rates brought on by the end of the Federal Reserve $1.25 trillion (yes, trillion) ... [Continue Reading]
Feb 09 2010

Your Credit Score: How It Can Effect Your Monthly Mortgage Payment

By Mark Richert
Your Credit Score: How It Can Effect Your Monthly Mortgage Payment
You probably know your Social Security number, some of your passwords, usually your PIN number. But do you know the number that will cost — or save you thousands of dollars?  Look how your credit score number can impact your monthly payment: Better Score = Cheaper House If a family put a 3.5% down payment on ... [Continue Reading]

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