Ricardo Bueno

Let's Recap:The 30 Year Fixed Rate Mortgage averaged 6.4%, up from 6.37% just last week. The 15 Year Fixed Rate Mortgage averaged 6.06%, up from 6.03% just lat week. The 1 Year Adjustable Rate Mortgage averaged 5.73%, up from 5.58% just last week. Last week we said, The effects of last Friday's ...

Recapitulemos:La hipoteca de tarifa fija de 30 años hizo un promedio de 6.4%, encima a partir de la semana pasada justa 6.37%. La hipoteca de tarifa fija de 15 años hizo un promedio de 6.06%, encima a partir de semana justa del lat 6.03%. La hipoteca de tarifa ajustable de 1 año hizo un promedio...

Capital, not earnings, is what produces security. Only a large amount of capital has the ability to produce a sufficient income in these instances.  How is this so? In a word, taxation!    High Taxation: If it costs an individual more to live today, exactly the same applies to society as a whole...

Let's start by defining a Jumbo Mortgage                    It is a home loan that exceeds the loan limits set by Fannie Mae & Freddie Mac ($417,000). Because these loans cannot be securitized by institutions like Fannie Mae & Freddie Mac, they generally have a slightly higher interest rate than ...

Programs like My Community and Home Possible, make home buying affordable for the First Time Home Buyer (FTHB). But they often offer (1) one loan at 100% financing with Mortgage Insurance (MI). "But I don't want to pay mortgage insurance!" Says the prospective home ownerNo problem! We'll structur...

The Industry Report was created as a resource to keep you a step ahead of the mortgage market. Written and guided by a lender with a conscience, it's an excellent resource for Realtors and Consumers alike.  Here are some recent articles of interest:  The Home Possible Financing Program - a Freddi...

Let's Recap:The 30-Year Fixed Rate Mortgage averaged 6.37%, down from 6.42% just last week. The 15-Year Fixed Rate Mortgage averaged 6.03%, down from 6.09% just last week. The 1-Year Adjustable Rate Mortgage averaged 5.57%, down from 5.6% just last week. It appears we have some good news with ra...

Recapitulemos:La hipoteca de tarifa fija de 30 años hizo un promedio de 6.37%, abajo a partir de la semana pasada justa 6.42%. La hipoteca de tarifa fija de 15 años hizo un promedio de 6.03%, abajo a partir de la semana pasada justa 6.09%. La hipoteca de tarifa ajustable de 1 año hizo un promedi...

In a recent article on CNNMoney.com: "One consumer group estimates that 600,000 foreclosures could be avoided over the next two years by making a simple change to the bankruptcy code...The Center for Responsible Lending (CRL) is a nonprofit and nonpartisan research and policy organization that is...

In an article from Deseret Morning News:"NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an excessive level of mortgage defaults."NetBank Inc. is an Internet-based lender. Unlike most other banks hitting the Implode-O-Meter, NetBank i...