FHA LOAN CHANGES FHA loans are one of the most popular loans home buyers obtain. Buyers can expect to see changes in FHA mortgage insurance and up front fee going into effect in 2013. The current FHA up-front fee will increase from 1.75% to 1.85% of loan amount beginning January 1st, 2013. Next year sometime, the… Continue Reading
Category Archives: Mortgage
Avoid 2013 Real Estate Armageddon- Why NOW is a Good Time to Buy/Sell
According to statistics shared by the Wall Street Journal, the economic forecasters expect to see a 2% home price increase in 2012 and a 3% increase in 2013. It is news like this which causes home sellers to hold off listing in the hopes of gaining a larger profit higher home prices. This is a… Continue Reading
Mortgage Rates Continue to Hit New Lows- Will You Take Advantage?
Mortgage rates continue to hit new lows, time for buyer’s to take advantage and purchase NOW! Are you still on the fence about buying a home in Lake Charles, LA? Many first time home buyers are taking advantage of the low mortgage rates. The Washington Post just published an article about low mortgage rates and… Continue Reading
Take Advantage of Low Interest Rates–I Did!
Even loan officers and realtors take advantage of the historical low rates! That’s right my husband, a loan officer, and myself, a Realtor, just refinanced our home taking advantage of low mortgage rates. Although we have only been in our home for four years, we are saving a substantial amount of money by refinancing at… Continue Reading
Louisiana Mortgage Associates Holiday Open House With Real Estate Professionals
You may have noticed the big white tent set up in front of Louisiana Mortgage Associates on Ryan Street in Lake Charles this week. Louisiana Mortgage Associates in Lake Charles, LA hosted their annual Christmas Open House for clients, vendors and real estate professionals. Those of us who showed up were treated to some good… Continue Reading
Thanksgiving Eve Blessings For Southwest Louisiana Homeowners!
What a wonderful way to start the Thanksgiving holiday by witnessing two Lake Charles home buyers become home owners! Each of these Lake Charles home buyers purchased homes that qualified for USDA (rural development financing). A USDA loan is a government loan that is 100% financing offered in eligible areas. Popular eligible areas within Calcasieu… Continue Reading
Preserve the Mortgage Interest Deduction
American Homeowners have been able to deduct mortgage interest for years. You probably just finished filing your 2010 taxes and if you are a homeowner I bet you deducted your mortgage interest. Well now The Mortgage Interest Deduction is under risk of being cut by our government! This message is not just for REALTORS it… Continue Reading
What Borrowers Can Expect When Applying for a Lake Charles Mortgage
What can borrowers expect when applying for a Lake Charles mortgage? Craig Boudreaux of Louisiana Mortgage Associates in Lake Charles, LA explains the criteria banks require for borrowers applying for a loan in Southwest Louisiana. The increase of borrowers being turned down for home loans is due to credit scores. Craig Boudreaux loan officer with… Continue Reading
Why NOW is a good time to purchase a home in Southwest Louisiana
Why NOW is a good a time to purchase a home in Southwest Louisiana. Mortgage lenders and real estate agents have been advising home buyers in Southwest Louisiana for the last 6 months that NOW is a good time to purchase a Lake Charles home. Why is that? Because we have seen historic low interest… Continue Reading