Moonlight Ballroom Blog

One day I called my best friend to ask if she wanted to come over, and received the brush off. She told me that she was too busy cutting down the amount she owes on her mortgage payments. I thought she had lost her mind until she told me that she was applying for a FHA short refinance. My mom used one of these, and they reduced her home loan principal by twenty thousand dollars. She saved that money plus thousands more that she would have paid on interest charges. I told my friend that she was making the right decision, and to call me when she was done.

My cousin Betty Sue is going to buy a new home. We had lunch yesterday and I was asking her if she had qualified for a new home loan yet. She said no, so I told her to call the friendly people at Chandler AZ Mortgage and they would help her. She called them the next day and talked to a nice young man named James. He answered all her questions and was very helpful to her. James pulled Betty Sue’s credit report and asked her some questions. He got her qualified for a new home loan in a very short time.

The US government introduced a calculation for APR or Annual Percentage Rate, so that borrowing consumers could easily compare between lenders for the true rate of their proposed loans.  There are many flaws with the APR system, but on a whole, it may be helpful for refinancing homeowners to check.  If competing APRs are out of whack, then you may be able to pinpoint lenders that are charging too much for closing costs.

In a nutshell, a home mortgage APR calculation takes all costs for a proposed home refinance and extends those costs to come up with an effective annual refinance mortgage rate over the term of the loan.  You can use a refinance mortgage calculator with the APR option to figure APR on your own.  Most input data required will be the general terms of the proposed home loan and further detail about the closing and settlement costs which should be easily available to you from your mortgage lender’s good faith estimate.

My sister’s new house is so great. She has something I have always wanted and that is a kitchen center island. Her kitchen is a dream come true! It has new maple cabinets with granite counters and all new appliances that are chef quality. She went through wenatchee mortgage and home loan to get her financing approved and when she found the house she wanted she was able to make an offer the same day. Her offer was accepted the next day and now just two months later she is already in her fabulous new house! I will be visiting her frequently for sure and asking to bake cookies in her fabulous kitchen!

A farmers home loan is part of the government’s action in helping people in the rural areas who dreams of having their own house. These people who don’t have enough income to afford regular loan could get a government guaranteed loan. Many people would benefit from this program especially those whose dream of having their own home is prevented by their low to moderate income.There are still some requirements that the borrower should pass before availing this type of loan. The borrower, once approved, will be assured of 100% financing assistance to own his own house. The borrower should still prove that he could afford repayment of the said loan. The payment is not too difficult to afford, though. Payment spread to 30 years, so that would be considerably lower than any regular house financing program.