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Monday February 06 2012

Rate Summaries

Freddie Mac's 2003 Weekly Survey of Rate Committments and Points
Federal Reserve Board Banking and Rate Data

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Subprime Lending is Right for you
Innovations in underwriting, mortgage products, and mortgage funding have expanded mortgage lending and reduced costs. An important part of the change has been the rise of the "subprime" market. This report suggests that some standard economic models can explain the main characteristics of the subprime market.

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  Purpose of Loan  
 
  Loan Amount
 (Example: 130,000)

 
.00
 
 
 
 
  Property Description    
 
  Property Address  
  
 
 
  Property City  
  
 
 
  Property State    
 
  Property Zip  
  
 
 
  Purchase Year    
 
  Original Value
 (Example: 120,000)

 
.00 (OK to estimate)  
 
 
 
  Current Home Value
 (Example: 120,000)

 
.00
(50,000 minimum)
(OK to estimate)  
 
 

 
  1st Mortgage Balance
 (Example: 130,000)

 
.00
 
(OK to estimate)  
 
  1st Mortgage Interest Rate
 (Example: 8.1)
  %
 
(OK to estimate)  
 
  1st Mortgage Type
   Fixed     Adjustable    
 
  2nd Mortgage Balance
 ( If Applicable)

 
.00
 
(OK to estimate)  
 
  2nd Mortgage Interest Rate
 ( If Applicable)
  %
  
(OK to estimate)  
 
  2nd Mortgage Type
   Fixed     Adjustable    
 
 
  What is your name?  
  
 
 
  Home Phone   (enter numbers only)  
 
 
  Work Phone   (enter numbers only)  
 
 
  Best time to call  
  
 
 
  Employment
 Employed
 Self Employed
 Retired
 Unemployed
 
 
  How many years have you worked there?  
  
 
 
  Annual Income
 (Example: 50,000)

 
.00
 
(OK to estimate)  
 
 
  Monthly Debt Payments
 (Exclude housing)

 
.00
 
(OK to estimate)  
 
 
  Have you fallen behind on your payments?
   No     Yes    
 
 
  If so, how many?    
 
  Select your credit profile
 Excellent
 Good
 Fair
 Poor
 
  Your Social Security Number      
 
 
  Email Address      
 
  Verify Email Address      
 

 

Apply to refinance especially if you have less-than-perfect impaired grade-b or GOOD credit!

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