Mini Mortgage Questionaire
Posts By Tom Frey
The cost of buying a 5 year credit default swap (CDS) to insure against the possible default of US Treasuries has risen to 100 basis points for the first time.
In other words, the price to insure $10,000,000 of US treasuries has risen to $100,000…that’s up from $5,000 last year.
The corresponding cost to insure a similar [...]
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After several years of a protracted lawsuit brought about by the U.S. Justice Dept., the final ruling states that rebates are allowed for home purchases in Austin, TX.
So, what does this really have to do with a no down payment mortgage to buy a home? Think in terms of Nehemiah; et al, and how the seller would [...]
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HUD is offering a program to help foster safer and more vibrant communities in Austin, TX by providing special incentives for fire fighters, teachers, and law enforcement to buy a home in a revitalization area.
To qualify as law enforcement, you’ll work full time for federal, state, or local agency, and even an Indian Tribal government.
Teachers qualify [...]
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The initial intent of the Hope for Homeowner’s program was to help alleviate the market from escalating foreclosures, help to maintain property values, mitigate the leveraging (a topic to be discussed later) of assets, allow more homeowners to keep their home, and to help stabilize the national real estate market.
Well, it just didn’t quite work as hoped. I [...]
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The Texas $60,000 Mortgage Credit Certificate (MCC) program was created to help make ownership of new and existing homes more affordable for homebuyers and increase the home ownership rate. The MCC can be combined with the $7,500 Federal Tax Credit Program until June 30, 2009.
So, what’s the MCC program? It allows the home buyer to [...]
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