Loan officer Dan Green answers reader questions from Twitter including “What will mortgage rates do after the Fed withdraws support?”, “How do I do a stated income loan?”, and “Are jumbo mortgages coming back?”. Dan is based in Cincinnati, Ohio and blogs at themortgagereports.com. Image courtesy Maitri (http

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Originally posted 2010-02-04 16:36:26. Republished by Blog Post Promoter

Today people have opportunities to invest in real estate that has not been available for many years. With the number of foreclosed homes on the market one can often pick up a house or other real estate at a fraction of the original price. Through the years the one thing that has increased in value is property that was bought at a low price.

With the foreclosure of so many homes and the reluctance of the banks to try to stem the tide there are opportunities for first time buyers to achieve the home of their dreams. They need, but, to be sure the buy is within their financial budget. Many business people are making buys for rentals and this is fine as long as a loan payment, if there is one, is not more than the rent.

There are many state, federal and county laws regarding real estate transactions. It is practically impossible for the lay person to read or know all this legalize. For that reason it is vital to consult with professionals who are well acquainted with these rules and regulations.  Read more... (596 words, estimated 2:23 mins reading time)