0
How is the economy affecting the availability of home mortgages?
Wiki User
∙ 12y ago
Due to the market crash in the late 2008's, banks closed up the gap for easy mortgage availability. You must have a good credit score and be approved by the bank to receive the loan.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What economic systems leaves production decisions completely up to the producers?
free-market economy
What economic systems leaves production decision completely up to producers?
Unregulated Capitalism (which is dangerous as it can have drastic market swings that help particular businesses but not the overall economy). An example of this would be the unregulated low-interest loans on home mortgages. People could get short-term low interest then the regular rate came in and they couldn't afford it. Banks profited nicely but the bottom fell out of the economy.
How The Home Depot impact Georgia's economy?
It helped create more jobs.
How does oil contribute to an economy?
It makes bad guys slip when they enter your home
What happened to the economy of the United states during the decades of the 1950s?
The economy in the United States experienced market growth in the 1950s with an increase in home construction and manufacturing.
Are current home mortgage rates lower?
In the current economy, home mortgages rates are a lot lower and easier to maintain. With the current economy and low mortgage rates it is also to purchase foreclosed homes at a very low price.
What are the different types of Home Loan Mortgages available?
There are several different types of home loan mortgages available. Some the many are fixed mortgages, adjustable mortgages, balloon mortgages, and even reverse mortgages. Each has their own benefits and downfalls.
Where can one find more information regarding home mortgages?
One can find more information regarding home mortgages at certain websites that pertain to home mortgages such as MortgageCentral, AboutMortgages, MoreMortgages and other websites that provide information about home mortgages.
Which banks sell home mortgages?
There are many banks that sell home mortgages. Examples of banks that sell home mortgages includes Wells Fargo, Capital One, TCF, and Bank of America.
What kind of mortgages does Countrywide offer?
The types of mortgages that Countrywide offers are primarily home purchase loans, home refinance loans and home equity. They offer fixed rate loans and adjustable rate mortgages.
Where can someone find interest only home mortgage loans?
The availability of interest-only mortgages for home loans has diminished since the collapse of the real estate market in recent years. Persons seeking this sort of loan would be best to work with a broker.
Where are the best places online to find more information about home mortgages?
There are many websites and resources online that offer information about home mortgages. The best way to get more information on home mortgages is through a bank's websites like Bankrate.
What does the term jumbo mortgage refer to as it relates to home mortgages?
A jumbo mortgage is a term used to describe a home mortgage that is bigger that most mortgages. These mortgages exceed the amount that the FNMA and FHLMC will purchase.
How do you sell a home with 2 mortgages?
Your asking price for the home should be for at least the total of both mortgages. At closing both will be paid off.
How much money is owed on home mortgages?
In the United States the overall total outstanding balance on home mortgages is over a trillion dollars.
Where can someone get information on mortgages for home purchases?
To get information on mortgages for home purchases, one should speak to a representative of a bank offering mortgages, such as Natwest. Alternatively, one should seek advice from an estate agent.
What is the best way to get a good deal on home mortgages?
The best way to get a good deal on a home mortgage is through some government service run to assist citizens with home mortgages. Good deals on home mortgages can also be found through companies such as JP Morgan and Chase.
