Indiana mortgage - News


Tough Q&A in hard-hit Indiana city
Tough Q&A in hard-hit Indiana city ABC News "Send that check to our mailbox so we can take it to the bank and pay that mortgage." The crowd responded, "Amen," and Obama said he is pushing to make sure Video: Is The Recession Permanent? Obama says backs rule change to modify mortgages Comment by Allan J. Lichtman Professor of History, American University

Area churches team up with city to fight foreclosures - Medill Reports
Area churches team up with city to fight foreclosures - Medill Reports FOXNewsArea churches team up with city to fight foreclosures Most banks and Mortgage lenders will not consider your application for assistance if you abandon the property • Don’t ignore notices from your lender or How Banks Are Worsening the Foreclosure Crisis Banks await foreclosure rescue plan

The Bailout’s Next Chapter - New York Times
The Bailout’s Next Chapter - New York Times FOXNewsThe Bailout’s Next Chapter The disconnected foreclosure aid is all the more disappointing coming a day after President Obama spoke at a town-hall meeting in Indiana and said that he Video: Geithner Talks Bank Bailout Plan on Capitol Hill Stocks Tumble after Geithner Speech Announcement of bank rescue plan delayed  -

Statehouse taking on foreclosures - Indianapolis Star
Statehouse taking on foreclosures The Indiana Mortgage Bankers Association, an influential lobbying force on the foreclosure issue, wants to see legislation that "enhances the borrower's Florida foreclosure law, procedure for responding to a foreclosure

Recovery needs housing, credit, stimulus
Recovery needs housing, credit, stimulus ABC News President Barack Obama speaks during a town hall meeting in Elkhart, Indiana on February 9, 2009. President Obama spoke about his plans for a massive Video: Stimulus Bill Expected To Pass Obama stimulus passes key hurdle Obama demands end to stimulus delay  -

Area churches team up with city to fight foreclosures - Medill Reports

Area churches and the city are working together to educate people who are facing foreclosure -- both on how to avoid it and what to do once it happens.

On Sunday, leaders at more than 20 churches and faith-based organizations have said they will inform their congregations about an effort to help as part of the city’s annual Home Ownership Preservation Initiative Sunday.

“It’s important,” said the Rev. Dr. Walter B. Johnson, one participating pastor, “to educate and inform and support parishioners who may be having challenges around dealing with this whole housing crisis.”

Johnson’s church, Greater Institutional AME Church at 7800 S. Indiana Ave., will be participating in HOPI Sunday for the first time.

The effort, done through Neighborhood Housing Services of Chicago, has the city partnering with churches. The point, organizers said, is to distribute information to people through sources they trust.

“The main thing is to let somebody know and if they go to their pastor or their priest, a lot of times because of confidentiality, they will talk to them,” said Emilio Carrasquillo, neighborhood director for Neighborhood Housing Services’s Back the Yards/Garfield Blvd. office.

RE.covery Carnival of Real Estate

I LOVE A PARADE - Especially a PARADE of REAL ESTATE POSTS about a RECOVERY!


I hinted, oh I did more than hint, I all but said what it was I cared about this week: This week's Carnival of Real Estate is all about



THE 2009 REAL ESTATE RECOVERY ... RE.COVERY


What recovery you ask? Who says, and why make such a big deal on a holiday week? All good questions and the reason there is a comments section below. Go ahead, I dare you to engage. It is my firm held conviction that 2009 will be one of the biggest recoveries in the history of investments, and real estate will be the big winner!

Although not a RE.net blogger, none other than former Fed Chair Alan Greenspan said "real estate recovery should begin in early 2009. Greenspan cited as one of his reasons for the prediction, that United States homes prices have begun slowing in their decline in value. And that this is the first step toward making progress for investors to start considering taking risk. Greenspan went on to say that he believed that during the first 6 months of 2009, that he believed home prices would stabilize, and that once the real estate market stabilizes, that it will lead to a more stable economy and market."

My Pick for Best Post of the Week:
Real Estate Recovery in 2009 from The Real Estate Bloggers has the Governor of California predicting that 2009 will see the real estate recovery. I for one agree....

Read more...

how do I get licensed to become a mortgage broker in Indiana??

I'm interested in becoming a license mortgage broker in Indiana. What is the best way to go about this? In California we have to get our Real Estate Salesperson's License. Not sure what the procedure is in Indiana.


You need to have your Real Estate license for five years and then take additional courses and pass a exam to become a mortgage broker in Indiana. Contact your local Real Estate Agency they will point you in the right direction. Best Wishes!

Can you deduct your Mortgage Interest off your Indiana state taxes?

I know you can deduct property taxes, but how about mortgage interest? If not, what is the tax incentive to buy versus rent? Renters can deduct up to $2500. If you're married and file separately, that's a $5000 deduction, yet the property tax deduction only goes up to $2500 and a large percentage of homes in Indiana don't pay that much in property taxes. For example, mine was only $1465 for the year.


I think you only get that deduction off of your Federal taxes but it is figured in when you report your income on the State taxes by asking for your adjusted gross income.

What is the current mortgage rates in Indiana?



BANKRATE.COM gives an idea of the local mortgage rates for specific areas. Your mortgage rate will depend on a lot of factors, including your credit history, the amount of the down payment, your lending institution, etc.

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For the year 2009 Grant Money is available!
Last year over 35 million Americans get grants.
What are you waiting for?


Indiana Association of Mortgage Brokers
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Mortgage banker and broker offering loans for refinancing, purchase, and debt consolidation of real estate.