Bank of Albuquerque Mortgage What Are Piggyback Loans? Depending on the lender or broker you’re talking to, Piggyback loans are also called: a. Combo Loans b. 80/10, 80/15, 80/20, 75/25 loans Piggyback loans combine a 1st mortgage (usually 75 – 80% of the appraised value, to avoid PMI), with a “piggyback” 2nd mortgage (usually 10%, […]
WHAT’S THE REAL STORY ON THE HOUSING MARKET?
Improvement in Mortgage Market Bodes Well for Housing in 2008 WASHINGTON, October 10, 2007 – Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®. Lawrence Yun, NAR senior economist, notes that widening credit […]
Albuquerque’s Ecbroker®
Whether you are buying, selling, retrofitting, or just looking for more information, please feel free to take advantage of all EcoBroker has to offer.
NEW AREA CODE
NEW AREA CODE FOR NEW MEXICO COMING! On October 7, 2007 – the state of New Mexico will be split into two area codes. The northwest region of the state will retain it’s current area code (505) and the rest of the state will get a new area code (575). This change will affect wireline […]
THE RISE AND FALL OF REAL ESTATE PRICES
The rise and fall of real estate prices has become such a national obsession, the stats really ought to be carried on the sports pages. Small wonder, as the number of Americans buying investment property has boomed in recent years. But with double-digit price appreciation slowing or vanishing from many markets, the question has become, […]