Unable to make your mortgage payment due to job loss?
Help may be on the way!
The Obama administration is at it AGAIN. Talks with major lenders, economists and Uncle Sam officials have opened over the possibility of helping unemployed homeowners who no longer can afford their mortgages due to job loss. Assistance may range from skipping payments to grants or loans that will temporarily cover mortgage payments.
Stay tuned for more info....
Caution First Time Buyers!!!
Are you hoping to close before the November 30th expiration credit date?
Don't charge anything!!! Lenders are running credit checks prior to closing and any additional debt may jeopardize your loan. Even inquiries may alert the lender, so NO PURCHASES until after closing.
Mortgage rates holding steady!!!
According to Freddie Mac, for the week ending on September 24th, a 30 year fixed held at 5.04%, which is down 6.09% from a year ago.
Other rates:
15 year fixed dipped from 4.47% to 4.46%
5 year hybrid adjustables were flat at 4.51%
1 year ARMS fell from 4.58% to 4.52%
Questions? Comments?
Contact me @
DON'T FORGET TO CHECK OUT THE OCTOBER ISSUE OF
THE REAL ESTATE WITH RUBEN NEWSLETTER!!!
SEE YOU AROUND THE NEIGHBORHOOD!
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