Last Train to Clarksville

Archive for the 'Mortgage Express' Category

Economic Stimulus Act of 2008 Reply

 

I recently wrote Marsha Blackburn to let her know my concerns and this is how she replied.

Dear Mrs. Agnew:

What a pleasure to hear from you. Thank you for contacting me to share your support of the National Association of Realtors (NAR) four-point legislative plan as part of a potential second stimulus package. Hearing from constituents on issues of concern is important to me and our office as we work to represent our district.

As you may know, the Economic Stimulus Act of 2008, passed the House of Representatives by a vote of 385-35 on January 29, 2008 and provided rebate checks to taxpayers, between Read the rest of this entry »

Do I Qualify For A VA Loan?

Many people wonder what it takes to qualify for a VA loan. With all of the bad media regarding mortgages, you would think that it is next to impossible to get a mortgage now.

Well, that is not true.

VA is one of the easiest loan to qualify for. You must have a minimum of a 580 credit score. If your score is between 580 and 619, you are going to get a slightly higher interest rate, but still better than most other loans. For example, if today’s interest rate is 5% and you have a credit score of 600, you would probably get about 5.5%. You can’t beat that! Also, VA does not require a down payment. Read the rest of this entry »

Clarksville Buyer Credit Info By Amanda

First-Time Home Buyer Credit Information

The credit, however, acts more like a no-interest loan because it must be repaid to the government over 15 years.

Read the rest of this entry »

Lower Interest Rates Cause Refinance Solicitation In Clarksville, TN By Amanda

Are you getting a lot of junk mail regarding refinancing your current home?  Are you getting offers of 4% interest rates?

Beware of refinance solicitations.  When interest rates start to go down,

Read the rest of this entry »

Mortgage Loans ~ Buying vs. Renting By Amanda

This is a common question asked by potential homebuyers.  Is it safer to rent a home instead of buying a home?  Well, ultimately, that is a question that can only be answered by each individual person.  However, each person must be informed and educated as to the differences. 

If you rent a 3 bedroom, 2.5 bath home with around 1600 square feet, what will you pay in rent?  After making a few calls to some rental agencies, I came up with Read the rest of this entry »