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www.GetInfoOnForeclosures.com shows homeowners step by step instructions that force their lenders into giving them a favorable loan modification - And most importantly, stop the foreclosure process.

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Analysis by Jim Rogers, Rogers Holdings Chairman; Analysis by Barton Biggs of Traxis Partners; Analysis by Robert Pozen, MFS Investment Management Chairman; Analysis by Laszlo Biriyni, Biriyni Associates President; Analysis by Howard Shapiro of Fox-Pitt K

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They are both private corporations owned by the zionist fashist european world bankers! Wake up sheeple, and stop paying taxes which goes to war!!!!

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Both Rates are locked and I need to decide for sure in a few days.

I can either get an FHA loan with at 5.5% interest with a 5.79% APR including insurance and only 10% down or a 5.5% interest loan at 5.6% APR with 20% down.

They are both 15 year mortgages. I am wondering if the FHA loan would be better even though the interest rate is higher since I could probably make an average of 8-10% on the stock market and if rates drop I can refinance and get a refund for the mortgage insurance.

The purchase price is $400,000. I am 24 and have $250,000 to my name. The nature of my business is not very secure however I expect to make appx $200,000 per year for the next few years but it could potentially drop off.

My credit is meh which is why I am not getting a 30 year loan. I expect my credit to be well over 700 within 6-24 months. I am considering refinancing in 2 years but I don't know how much of a gamble it is on interest rates.

Thanks,
Nick

If you can afford to put 20% down, the the 2nd loan is superior to the FHA. The APR is lower, the principle balance is lower, and the monthly payment would be significantly lower because at 80% LTV you won't have to pay PMI. Given the nature of your income, etc, the lower payment keeps your overhead lower and reduces your risk of cash flow problems.

Anyone who recommends an FHA loan for someone with 700 FICO scores and the ability to put 20% down is giving you bad advice. Don't factor in the stock market stuff- you evaluate loans on their individual merit. FHA is for people who are cash poor and credit challenged. And no matter how much you pay it down, you'll always have MIP/PMI on it. As for possibly refinancing, you want a loan that you can live with just in case you are unable to refi.

One piece of advice I'd offer is to get a 30-year loan and still make the same payments as if it were a 15-year loan. That way, if the creek runs high, you'll have a lower minimum payment. If everything goes fine, you'll still pay it off in 15 years.

Good luck

The Federal Reserve Bank is owned by a few large banks. It prints money for the United States Government. The money it prints is a loan to the citizens of the United States. That is why you pay taxes through your paycheck. Do you know that payroll taxes are illegal?
http://www.freedomtofascism.com
Watch this. Do your own research? Try to think. Instead of acting like a bunch of sheep.
The printing of money is authorized by the Federal Reserve Bank

I found the film "Freedom to Fascism" to be intellectually dishonest and a vehicle for the filmmaker to further his political beliefs with out-of-context quotes and blatant misformation.

Your advice is good to "Do your own research" and not rely on agenda-driven documentaries. For instance…

- Research how the Federal Reserve system is organized and controlled. (see http://www.federalreserveeducation.org/fed101/structure/ )

At the top is the Board of Governors who are all appointed by the president and confirmed by congress. It is illegal for any of these governors to work for any bank or even own stock in a bank ( http://www.law.cornell.edu/uscode/search/display.html?terms=governors&url=/uscode/html/uscode12/usc_sec_12_00000620—-000-.html , http://www.law.cornell.edu/uscode/html/uscode12/usc_sec_12_00000242—-000-.html ) Note that there is no structure for private ownership at this level.

Below the Board of Governors are the branches which are indeed organized like corporations and whose members must buy shares. Member banks get a standard 6% dividend on their shares. The rest of the profits (about 98%) is given to the Treasury. The branches are overseen and regulated by the Board of Governors.

- Research how money enters circulation - The Fed buys T-notes on the open market. Since the T-Note is on the open market, this is not a new loan. When the Fed owns the T-Note, 98% of the interest is returned to the Treasury.

- Research why people like the filmmaker believe payroll taxes are illegal.

http://en.wikipedia.org/wiki/Tax_protester_arguments
http://en.wikipedia.org/wiki/Tax_protester_constitutional_arguments
http://en.wikipedia.org/wiki/Tax_protester_statutory_arguments
http://en.wikipedia.org/wiki/Tax_protester_conspiracy_arguments

Why is Socialism OK When it Bails Out Speculators Like Fannie Mae, Freddie Mac and Bear Stearns?

Why are Corporations allowed to Socialize their risk but privatize their profits?

And while we're on the subject of Corporations, why are Companies openly allowed to become Corporations, but workers can't openly unionize? Clearly there are mor pro's than cons in regards to becoming a Corporation otherwise why would a company do it? And there are clearly benefits to Unionizing, so why aren't workers openly allowed to pursue Unionization?

My credit scores from 3 bureaus average just over 800. I am looking for a house in the Vancouver-WA area. Can anyone advice me on the best source for securing a loan (I plan on putting 20% down; mortgage required ~$250,000) as well as a desired interest rate? Also, is it preferable to wait a few months (i.e. are housing prices likely to drop)? My realter suggest I buy something now since he thinks prices will continue to go up. thanks.

First good rates on a 30 year fixed would be close to 6% - the closer to 6% the better - Fees to the bank - broker should be 1% or less. Don't listen to people advising you to avoid "brokers" - in every case I have seen "brokers" have offered me better deals - rate and fees than more "traditional" banks.
Second - buy what moves you - don't try to time buying a purchase as big as a home by what you hope will happen with local market prices - I doubt that the prices will move enough to make any real difference in six months - how much MORE would you like a particular house if it were actually $10,000 less?

People borrow to invest all the time just not in annuities or stocks etc. People leverage the value of their homes to purchase more real estate, start a business, grow their business etc. But to borrow for a small return isn't a bright thing to do or to borrow money to try something that is high risk is dangerous too.

I have to agree with the others it isn't a good decision but I wanted to clear up what I felt they were saying.

Can an American obtain a mortgage loan from Japan where the mortgage rates are much lower?

Only for property located in Japan and with a japanese co-signer.
For usa mortgages I found interesting information & the best options here.
http://all-mortgage-calculators.blogspot.com/2007/07/mortgage-loans.html
Good luck!

A "conventional" loan, in real terms, simply means any loan that is NOT guaranteed by a government agency, like FHA, VA or USDA/RD.

So, you have to look at what you are comparing it to first.

FHA- 3% minimum down payment, low rates, reasonable mortgage insurance, easy credit guidelines.

VA - 100% financing, no monthly mortgage insurance, 2-3% upfront guarantee fee paid to VA to guarantee your loan. Very easy credit guidelines. Ideal for anyone with VA eligibility who may not have a down payment or has weaker credit. Low rates.

Conventional - Everything else under the sun. You probably are looking at Fannie Mae or Freddie Mac, the typical "conventional" loans. Benefits: Low rates. Endless flexibility on terms. Private mortgage insurance is tax-deductible for any loan originated in 2007.

Typically, to qualify for the best Fannie/Freddie (agency) products, your credit would have to be better than what FHA or VA might take, especially as your down payment shrinks. Agency products will have more options, like 80/20 financing, interest-only, balloons, etc…

Overall, conventional financing is often the cheapest, if you have the credit to qualify. FHA and VA are both great products for the people they are designed for. Once FHA finally lets us do 100% financing, and implements some risk-based pricing, it will allow us to do even more. But unless you have weak credit (bankruptcy in the past 2-4 years, scores under 660), conventional financing will generally be best.