Wasatch First Financial at MLoans.net

tag:blogger.com,1999:blog-45703827529877155522011-12-23T06:26:18.442-08:00Wasatch First Financial at MLoans.netWhat's Hot in Home Financing? Mortgage news,home loan programs, and questions from actuall borrowers. Feel free to ask questions!Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.comBlogger111100tag:blogger.com,1999:blog-4570382752987715552.post-65846766254869754382008-03-16T15:13:00.001-07:002008-03-16T15:13:22.638-07:00Changes in the Mortgage Market

What a market lately for mortgage loans. Since my last post there have been some very interesting changes in the mortgage market. Here are just a few of the changes.The new economic stimulus plan has passed which will allow for new home growth as well as higher conforming loan amount limits. The new conforming loan limits are: For the salt lake area the new loan limits are around $729000 as

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-8934459399045129972008-02-03T20:00:00.000-08:002008-02-04T18:47:47.333-08:00When Lenders Compete, Who really wins?

An ongoing lawsuit against a website that allows advertisers to posttheir rates, suggests that when lenders compete, you still may not get thebest rate. The lawsuit alleges that lenders post rates so low they can't honor them.Then when the borrower is committed to the loan, they switch him or her toa higher rate. That higher rate is often worse than the honest rate offeredby other lenders.This

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-16215231833715768952008-01-30T12:49:00.000-08:002008-01-30T12:51:44.138-08:00Bushes new economic stimulus plan

Bushes new economic stimulus plan is now approved with congress and just needs to be approved with the senate now. That’s Great! I just wanted to share my excitement about the program. I have a past blogg that explains more about this program.

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-39477982280045991572008-01-30T12:01:00.001-08:002008-01-30T12:01:57.023-08:00The Federal Government lowers the federal funds rate to 3%

This article is taken from their website located at http://www.federalreserve.gov/newsevents/press/monetary/20080130a.htm The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent. Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-44633294762479099752008-01-26T13:58:00.001-08:002008-01-26T13:58:36.100-08:00Where do we go from here?

I have been reading news articles lately and wonder about the whole mortgage market in general. We know that the sub prime market is in trouble. We know that Bush and Congress have an economical stimulus plan that could help the mortgage and real estate market. The feds have slashed rates again this week with the possibility of another rate cut next week. I read through all this and "WOW"

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-73501072485435109312008-01-25T18:48:00.001-08:002008-01-26T14:00:58.916-08:00Bush new economic stimulus plan

Their was an article that I read by CNN on Friday the 25th of January 2008it talked about an economic stimulus plan that was announced Thursday bycongress. Congress and the Bush administration announced this bill thataddresses the mortgage crisis. From what I read and have looked into itaims to make getting a mortgage easier and cheaper in high-cost markets.It talks about refinancing as well as

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-10249819649676777582008-01-24T20:01:00.000-08:002008-01-24T20:02:11.266-08:00"My adjustable rate mortgage is adjusting up way too much!"

That's a complaint Loan Officers are hearing a lot lately. You're not alone. Different estimates are that between 500 billion and 1 trillion dollars of adjustable rate mortgages (ARMs) are set to adjust by the end of next year. For some people, interest rates are going up 3-4% once their adjustable rate mortgage adjusts. This is resulting in a payment increase of anywhere between $100 and $500

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-76081053247499144522008-01-22T05:43:00.001-08:002008-01-22T05:43:38.492-08:00The Federal Reserve slashed two key interest rates

NEW YORK (CNNMoney.com) -- The Federal Reserve slashed two key interest rates by three-quarters of a percentage point Tuesday following an unscheduled meeting, citing continued concerns about a weakening economy and turmoil in the financial markets.The Fed lowered its federal funds rate, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans, from

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-37802692551639549802008-01-21T20:29:00.001-08:002008-01-21T20:29:38.969-08:00Why use a mortgage broker

There are many reasons that you should use a mortgage broker and many advantages to using a mortgage broker.Here are just a few..1. One reason to use a mortgage broker is because a mortgage broker has access to all kinds of different home loan programs.2. A mortgage broker is also able to move your file to another lender should a better deal appear. 3. If there is a problem with your file in

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-91058800530226847842007-11-23T13:26:00.000-08:002007-11-23T13:27:20.737-08:00Do you qualify for a mortgage loan?

Like most people, you will probably wait until submitting a purchase contract on a home before applying for a mortgage. By then, not only will you know the specific property you want, but also how much you need to borrow. At that point, the lender will require that you fill out a loan application and reveal specific information about your current and past financial situations.Full article at http

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0tag:blogger.com,1999:blog-4570382752987715552.post-33825788650898563522007-06-21T18:38:00.001-07:002007-06-21T18:38:22.577-07:00What types of mortgage home loans are available today?

Some of the available Loan TypesThere are many mortgage products available on the market today. We canhelp you find out which one is right for you. Here are the most commonoptions.Fixed Rate Mortgages (FRM's)Learn more at our website www.mloans.netplease check out our learning center.

Ed Bates MLoans.nethttp://www.blogger.com/profile/11721081896707214493noreply@blogger.com0