Loans And Mortgage

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• Interest only vs. Repayment mortgage for BTL?
• Home Loan Kaise Le – Process, Documents & Processing Fee (Hindi)
• Mortgage And Refinance Rates Today, Dec. 10
• What Does a Mortgage Broker Do?
• What is a Reverse Mortgage? Understanding the pros and cons of HECM
• Excel Finance Class 41: Interest Only Loan Schedule.
• SBI बैंक की इस स्कीम से होम लोन लेने पर 1 रुपया भी नहीं देना पड़ेगा ब्याज। SIP IN SBI

Interest only vs. Repayment mortgage for BTL? Posted: 11 Dec 2020 08:50 AM PST Mark Alefounder of Property Tribes Financial Services answers this age-old landlord conundrum! source

Home Loan Kaise Le – Process, Documents & Processing Fee (Hindi) Posted: 11 Dec 2020 04:08 AM PST Let’s learn about the Home Loan Process, Documents required, Processing Fee & other charges in India in Hindi. All major details and tips related to the home … source

Mortgage And Refinance Rates Today, Dec. 10 Posted: 10 Dec 2020 09:15 PM PST [sg_popup id=1920] Today's mortgage and refinance rates  Average mortgage rates inched higher yesterday. But that was a tiny rise off an all-time low. And, this morning, Freddie Mac said its weekly figures suggest, "Mortgage rates remain at record lows." For a while, these rates will likely rise and fall in line with optimism and pessimism over the chances of a pandemic stimulus package passing into law. First thing this morning, mortgage rates look set to fall a little or hold steady. But that could change during the day. Find and lock a low rate (Dec 10th, 2020) Current mortgage and refinance rates  Program Mortgage Rate APR* Change Conventional 30 year fixed 3.063% 3.063% Unchanged Conventional 15 year fixed 2.75% 2.75% Unchanged Conventional 5 year ARM 3% 2.743% Unchanged 30 year fixed FHA 2.125% 3.1% -0.88% 15 year fixed FHA 2.125% 3.065% Unchanged 5 year ARM FHA 2.5% 3.226% -0.01% 30 year fixed VA 2.813% 2.99% Unchanged 15 year fixed VA 2% 2.319% Unchanged 5 year ARM VA 2.5% 2.406% -0.01% Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here. Find and lock a low rate (Dec 10th, 2020) COVID-19 mortgage updates: Mortgage lenders are changing rates and rules due to COVID-19. To see the latest on how coronavirus could impact your home loan, click here. Should you lock a mortgage rate today? Recently, my advice has been to lock your rate only when you're two or three weeks off closing. Because I think there may be more falls to come. But mortgage rates are so extraordinarily low at the moment that nobody could blame you for grabbing them while you can. After all, some temporary rises are almost inevitable. And nobody can guarantee how temporary those will turn out to be. But I still think it's a reasonable bet that falls will outweigh rises for months to come. So, if you're comfortable with risk, you might want to consider floating for a while. See "Are mortgage and refinance rates rising or falling?" (below) for more details. Meanwhile, my personal rate lock recommendations are: LOCK if closing in 7 days LOCK if closing in 15 days FLOAT if closing in 30 days FLOAT if closing in 45 days FLOAT if closing in 60 days But with so much uncertainty at the moment, your instincts could easily turn out to be as good as mine — or better. So be guided by your gut and your personal tolerance for risk. Market data affecting today's mortgage rates  Here's the state of play this morning at about 9:50 a.m. (ET). The data, compared with about the same time yesterday morning, were: The yield on 10-year Treasurys fell to 0.92% from 0.95%. (Good for mortgage rates) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields, though less so recently Major stock indexes were lower on opening. (Good for mortgage rates.) When investors are buying shares they're often selling bonds, which pushes prices of those down and increases yields and mortgage rates. The opposite happens when indexes are lower Oil prices rose to $46.72 from $46.05 a barrel. (Bad for mortgage rates* because energy prices play a large role in creating inflation and also point to future economic activity.)  Gold prices fell to $1,852 from $1,858 an ounce. (Neutral for mortgage rates*.) In general, it's better for rates when gold rises, and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower CNN Business Fear & Greed index — Moved down to 75 from 85 out of 100. (Good for mortgage rates.) "Greedy" investors push bond prices down (and interest rates up) as they leave the bond market and move into stocks, while "fearful" investors do the opposite. So lower readings are better than higher ones *A change of less than $20 on gold prices or 40 cents on oil ones is a fraction of 1%. So we only count meaningful differences as good or bad for mortgage rates. Caveats about markets and rates Before the pandemic and the Federal Reserve's interventions in the mortgage market, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. But that's no longer the case. The Fed is now a huge player and some days can overwhelm investor sentiment. So use markets only as a rough guide. They have to be exceptionally strong (rates are likely to rise) or weak (they could fall) to rely on them. But, with that caveat, so far they're looking OK for mortgage rates today. Find and lock a low rate (Dec 10th, 2020) Important notes on today's mortgage rates Here are some things you need to know: The Fed's ongoing interventions in the mortgage market (way over $1 trillion) should put continuing downward pressure on these rates. But it can't work miracles all the time. So expect short-term rises as well as falls. And read "For once, the Fed DOES affect mortgage rates. Here's why" if you want to understand this aspect of what's happening Typically, mortgage rates go up when the economy's doing well and down when it's in trouble. But there are exceptions. Read How mortgage rates are determined and why you should care Only "top-tier" borrowers (with stellar credit scores, big down payments and very healthy finances) get the ultralow mortgage rates you'll see advertised Lenders vary. Yours may or may not follow the crowd when it comes to daily rate movements — though they all usually follow the wider trend over time When rate changes are small, some lenders will adjust closing costs and leave their rate cards the same Refinance rates are typically close to those for purchases. But some types of refinances from Fannie Mae and Freddie Mac are currently appreciably higher following a regulatory change So there's a lot going on here. And nobody can claim to know with certainty what's going to happen to mortgage rates in coming hours, days, weeks or months. Are mortgage and refinance rates rising or falling? Today It's looking as if mortgage rates might fall a little or hold steady today. And that's made more likely by this morning's weekly figures for applications for unemployment insurance. Those are up to 853,000 from 716,000 last week. And back then everyone thought the lower number was disappointing. Further ahead, these rates are being buffeted by events on Capitol Hill. And, if the passing of a stimulus bill gets to look more likely as the hours pass, that could soon change, with rates likely moving higher. Congress has given itself breathing space over a government shutdown that was due to begin tomorrow night. But it's only kicked the can down the road by one week. So that's another threat hanging over rates. As usual, good news (the averting of a shutdown) is likely to push mortgage rates up. Bad news could see them fall. Meanwhile, Brexit (Britain's withdrawal from its membership of the European Union) is back in the headlines. And Sunday is the new deadline (is that the 99th?) for a trade deal to be struck. Yes, in a global economy such events affect American mortgage rates. And "no-deal" could see those fall. However, all these are minor considerations compared to the economic havoc that the pandemic is wreaking. Yesterday, 3,000 Americans tragically died from causes related to COVID-19, a grisly all-time high. And it's this pandemic's economic consequences that makes me think that continuing falls are likely to continue to outweigh brief rises in mortgage rates for some months to come. Recently Over the last few months, the overall trend for mortgage rates has clearly been downward. And a new, weekly all-time low has been set on 14 occasions so far this year according to Freddie Mac. The most recent such record occurred on Dec. 3. This morning, Freddie said, "Mortgage rates remain at record lows." Expert mortgage rate forecasts Looking further ahead, Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates. And here are their current rates forecasts for the last quarter of 2020 (Q4/20) and the first three of 2021 (Q1/21, Q2/21 and Q3/21). But note that Fannie's (released on Nov. 17) and the MBA's (also Nov. 17) are updated monthly. However, Freddie's are now published quarterly. And its latest was released on Oct. 14. So that's beginning to look stale. The numbers in the table below are for 30-year, fixed-rate mortgages: Forecaster Q4/20 Q1/21 Q2/21 Q3/21 Fannie Mae 2.8% 2.8% 2.8% 2.8% Freddie Mac 3.0% 3.0% 3.0% 3.0% MBA 2.9% 3.0% 3.0% 3.2% So predictions vary considerably. You pays yer money … And another forecast On Dec. 2, the National Association of Realtors threw its hat into the forecasting ring. It said: The forecast anticipates mortgage rates will begin slowly going up toward the last half of 2021, reaching 3.4% by the end of the year. Find your lowest rate today Some lenders have been spooked by the pandemic. And they're restricting their offerings to just the most vanilla-flavored mortgages and refinances. But others remain brave. And you can still probably find the cash-out refinance, investment mortgage or jumbo loan you want. You just have to shop around more widely. But, of course, you should be comparison shopping widely, no matter what sort of mortgage you want. As federal regulator the Consumer Financial Protection Bureau says: Shopping around for your mortgage has the potential to lead to real savings. It may not sound like much, but saving even a quarter of a point in interest on your mortgage saves you thousands of dollars over the life of your loan. Verify your new rate (Dec 10th, 2020) Mortgage rate methodology The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time. [sg_popup id=1920] Source link

What Does a Mortgage Broker Do? Posted: 10 Dec 2020 08:53 PM PST Watch this explainer video to learn more about the services a mortgage broker provides. Visit my website to lean more: http://www.scottdawson.ca. source

What is a Reverse Mortgage? Understanding the pros and cons of HECM Posted: 10 Dec 2020 05:47 PM PST HECM stands for Home Equity Conversion Mortgage, popularly known as a Reverse Mortgage. Significant changes occurred on October 1 of this year and Rob … source

Excel Finance Class 41: Interest Only Loan Schedule. Posted: 10 Dec 2020 04:03 PM PST Download Excel File: https://people.highline.edu/mgirvin/YouTubeExcelIsFun/Busn233Ch05.xlsx Download pdf notes: … source

SBI बैंक की इस स्कीम से होम लोन लेने पर 1 रुपया भी नहीं देना पड़ेगा ब्याज। SIP IN SBI Posted: 10 Dec 2020 11:28 AM PST SIP, Mutual Funds या शेयर मार्किट में निवेश करने के लिए एक अकाउंट की जरूरत होती है जो आप निचे दिए लिंक पर क्लिक करके … source

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