Santa Clarita Mortgage Lender-Santa Clarita Homes
- Length: 0:30
- Views: 2
- Author: MortgageMD
www.mortgagevideoblog.com Santa Clarita Real Estate Insider reveals how to buy a home with a little down payment using little known government programs. Get up to $500 Lender Discount
Foreclose or Short Sale before 2012 - The Mortgage Debt Relief Act North Scottsdale Real Estate
- Length: 2:39
- Views: 10
- Author: ThePrecisionTeam
Visit www.north-scottsdalerealestate.com for more info. The Mortgage Debt Relief Act of 2007 is the prefect example of strength in numbers. With so many individuals and families going through either foreclosure or a short sale, the Government is making an exception to their standard policy of treating forgiven debt as income. The Mortgage Debt Relief Act of 2007 is over at the end of 2012, which implies that if you are going to go through a short sale or a foreclosure on your primary residence you better do it soon. Talk to your accountant. The following video talks about some of the highlights of the Mortgage Debt Relief Act of 2007. For specifics on The Mortgage Debt Relief Act of 2007 straight from the horses mouth visit the IRS website at http
Mortgage rates the only way is up
- Length: 1:2
- Views: 1
- Author: eurodebtuk
Twenty years ago this week, average mortgage interest rates hit their highest ever levels of 15.4 per cent, leaving hundreds of thousands facing crippling levels of personal debt, mortgage arrears and negative equity. The banks and the government insist that the property bust of the 1990s could never happen again, as lending criteria have been tightened sharply since then. But interest rates could shoot up quickly last month, research from Barclays predicted that Bank of England rates would hit 6.5 per cent within five years, a short time in terms of home repayments. And with lending institutions being supported to the tune of £300 billion by the government which will have to be repaid experts are warning that how fast rates will rise is extremely hard to predict. Martijn van der Heijden of HSBC warned this week that borrowers who would have trouble with their mortgages in the event of a three per cent rise in rates should consider taking out a fixed rate mortgage. eurodebt director Vance Parsons says: "According to the Halifax House Price Index, prices fell by 1.5% in February, the first decline since June 2009, which does not bode well if interest rates rise and people need to look for debt solutions as disposable income is reduced. We expect a rise in non-borrowing debt solutions like Debt Management Plans (dmps) and Individual Voluntary Arrangements, as we saw in the fourth quarter of 2009."
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