October 04, 2013 By mortgage
October 03, 2013 By mortgage
October 02, 2013 By mortgage
October 01, 2013 By mortgage
September 30, 2013 By mortgage
It doesn’t take women long to figure out that men exaggerate about almost everything, including real estate values. So it should come as no surprise that men are more optimistic about the value of their castles than women are.
According to a study conducted by a national polling company, The Rasmussen Report found that nearly 60 percent of men researched believe their home is worth more than the amount they borrowed to buy it, even in this dipping market.
Federally funded foreclosure relief will probably be less available to distressed homeowners as the Obama administration reduces the number of homeowners entitled to such aid, according to a report.
Facing pressure from major mortgage lenders and seven Republican state attorneys, the administration has reduced the number of homeowners it plans to help from around three million to one million, says the article, with lower average payments for each homeowner.
Could new mortgage laws created to defend homebuyers under the Truth in Lending Act actually hurt more than it helps? The debate rages on, as mortgage brokers brace for what some argue will lead to less battle in the market, and as a result less credit for customers. Charles Hugh Smith deals with the nuances of the new rules set to go into effect on April 1, to give reason why the amendments may be shortsighted – even harmful – for prospective homebuyers.
Real estate agents and mortgage brokers should be able to use online coupon services like Groupon to generate leads, although building a large enough subscriber base will present challenges, according to Pat Kitano, “social commerce” consultant.
Kitano, the founding principal of Domus Consulting Group, blogs that a “real estate Groupon” would have the same purpose as other online lead-generation techniques – “driving the active client out of the woodwork” – by offering cost savings.
If you are thinking about refinancing your existing mortgage, you may be wondering what refinancing questions to ask your mortgage lender. While there are a number of questions to ask when refinancing, there are a few points you will want to be rightly transparent on before committing to a refinance. Knowing what to ask when refinancing will help you better realize the process, and ascertain if refinancing will be of benefit to you.
One of the most recent projects for Donald Trump, the billionaire real estate developer, reality show host and presumed presidential candidate, is a new resort he’s building in Scotland. He’s, well, trumpeting it as the “world’s greatest golf course.”
There’s no refuting that the setting is world class, a wild, windswept seacoast where frigid, stormy waters beat against the shifting sands of Aberdeenshire, on Scotland’s eastern side.
A lack of rental housing for the first time in years in the multi-family residential market is sending the rental market into a recovery. Vacancy rates fell to the lowest level in 2010 in more than four years as a leading rental advisory firm forecasts higher rents in 2011.
Witten Advisors, a firm that provides key strategies to the new apartment building industry, predicts rents will boost 4.5 percent during the year as rental owners raise rents with little fear of losing tenants.
Pressured by unrest in the Middle East and fallout over disasters in Japan, mortgage rates jumped higher during the week as lenders became increasingly concerned higher rates about world finance markets, according to Freddie Mac. The average rate on a fixed 30-year mortgage had a jump of .05 basis points to an average of 4.81 percent.