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Monday, May 21, 2012 6:22 AM

Why are you searching for Charleston homes for sale

... if your credit is "so-so" and your credit score is not excellent, you aren't likely to be approved for a mortgage loan. From the better things to do file, I wonder why some people aren't spending their time getting their credit repaired
Posted by Howard Arnoff | 1 Comments
Tuesday, May 15, 2012 7:25 AM

Is getting a mortgage as painful as a visit to the dentist

Possibly. Actually, one of my clients who is a dentist said that going through the mortgage process was more painful than what her patients had to endure. Amy Hoak at MarketWatch reports that mortgage borrowers face a litany of questions and should be
Posted by Howard Arnoff | 0 Comments
Saturday, May 05, 2012 6:38 AM

[Charleston mortgage report] Low rates keeps homebuyer affordability high

I've been pretty amazed at recent real estate closings at how low the monthly payments have been for my clients due to the crazy low mortgage rates these days. Buyers can either choose to buy more home for a smaller monthly payment or buy exactly
Posted by Howard Arnoff | 0 Comments
Tuesday, March 27, 2012 8:18 AM

Home affordability and rising interest rates

Mortgage interest rates have not really gone up substantially from the amazing historic low rates we've seen YET. But with more and more good news on the economy, I wouldn't expect that to last forever. And if you are planning on buying a home
Posted by Howard Arnoff | 0 Comments
Wednesday, March 14, 2012 11:29 AM

Charleston mortgage report: Mortgage rates [and fees] on the rise

Before I get into the more serious subject of the day, a little sarcasm for your reading enjoyment. This Charleston mortgage report is brought to you today by consumers who spent more on gas last month causing retail sales to rise sharply and the Federal
Posted by Howard Arnoff | 0 Comments
Saturday, March 03, 2012 8:26 AM

FHA to increase mortgage insurance premium April 1

... and that's no April Fool's joke. In an effort to bolster capital reserves, FHA will be raising both the upfront mortgage insurance premium and the monthly mortgage insurance premium effective April 1, 2012. Here's what it means for you
Posted by Howard Arnoff | 0 Comments
Saturday, February 11, 2012 7:37 AM

[Charleston mortgage report] FHA Streamline refinance changes clear roadblocks

A lot of people would like to refinance from a higher interest mortgage rate to the record low rates we've seen for some time but have been unable to do so for a variety of reasons. With HARP II starting in March, the $26 billion mortgage settlement
Posted by Howard Arnoff | 0 Comments
Friday, February 10, 2012 6:35 AM

[Opinion] The $26 Billion mortgage relief deal

At long last, the government(s) and five of the nation's largest banks have agreed to a $26 Billion mortgage relief settlement. From Forbes, Why Homeowners Can't Bank on the Mortgage Relief Plan , "With great fanfare, the US Department of
Posted by Howard Arnoff | 0 Comments
Thursday, February 02, 2012 8:59 AM

Obama administration announces another mortgage refinance plan

In the administration's continuing effort to successfully help underwater borrowers be able to refinance their mortgages at today's record low interest rates, one more plan has been announced using FHA financing and costing from $5 to $10 Billion.
Posted by Howard Arnoff | 0 Comments
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Tuesday, January 31, 2012 7:30 AM

This report card has a BIG FAT F

A couple of big stories out there in the Financial World have my attention and it's only my opinion but I can't help but give a BIG FAT F on my report card. Unlike almost everybody from surprisingly on both the left and the right, I don't
Posted by Howard Arnoff | 0 Comments
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Saturday, December 17, 2011 8:10 AM

Charleston mortgage report, with record low rates, the trend is your friend

Bad news is good news for mortgage rates. Courtesy of Bankrate , here is a one year chart of the 30 year fixed rate conventional mortgage and as you can clearly see, the trend has been your friend in the last year whether you are buying or refinancing
Posted by Howard Arnoff | 0 Comments
Friday, December 02, 2011 7:49 AM

[Real estate gravity] What goes up sometimes falls hard

A tale of distressed property in Charleston that illustrates the point that home values sometimes decline far more than the average because this home appears to be back to where it sold around 2002. Now, you don't really know what the condition of
Posted by Howard Arnoff | 0 Comments
Thursday, November 03, 2011 2:33 PM

Mortgage rates fall again to 4 percent but why you can't always get the lowest rate

As a Charleston real estate agent, I generally quote mortgage rates to clients (or readers of this blog) in nice round numbers like 4, 4 1/4, 4 1/2, etc., based on what rates my preferred lenders are currently offering. Back in the old days of 6 percent
Posted by Howard Arnoff | 0 Comments
Wednesday, November 02, 2011 1:48 PM

Don't be fooled by low online mortgage rates

One of the most important jobs I have as a Realtor is to insure a smooth transaction when a client buys a home and nowhere can a transaction get more messed up than in the mortgage process. It's just one of the reasons that I insist that clients use
Posted by Howard Arnoff | 1 Comments
Monday, October 24, 2011 8:24 AM

Will this refinance program be any more successful than prior failures

The administration is to announce a turbo-charged HARP (Home Affordable Refinance Program) today in Nevada, the foreclosure capital of the United States designed to allow underwater homeowners who are current on their mortgage to refinance at lower rates
Posted by Howard Arnoff | 0 Comments
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