From the monthly archives:
For starters, real estate investing is never an easy business. There are lots of companies that specialize in selling properties for starters, but the big question lies on how trustworthy these companies in helping you sort out your goods.
Can you entrust these companies your hard-earned money and hope that they won’t leave you [...]
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general growth properties
This editorial from the NY Times has already received a lot of public attention. But in case you did not have a chance to read it in full, I thought I would make it available to you. I have my arguments with Buffett on his politics, but regarding his investing acumen, there is [...]
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The loan modification plan was instituted by President Barak Obama and his administration. By providing lenders with hard to resist incentives they then agree to alter, or modify the terms of a person’s current loan. For homeowners this is great news, because it makes it easier to meet the installments each month. Because some of the cost involved used to be for the lender to pay it was almost impossible to have mortgages on Columbus houses modified prior to the plan being implemented.
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Fixed rate mortgages, also known as FRMs are a type of home loan that locks in a particular interest rate for the duration of the term of the mortgage. Whereas other types of mortgages have interest rates that fluctuate over the course of the term based on economic factors (like: adjustable rate home loans) fixed rate mortgages offer a guaranteed rate that will not change for however long the term of the loan is set for. Variations of fixed mortgages such as mortgages that offer a fixed rate for a percentage of the term (often 50/50) have recently gained in popularity as they offer the potential to renegotiate for a better interest rate.
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Most people in the US are aware of the current real estate crisis and the unsettling fact that many people are losing their homes to foreclosure. Before a home is in the process of becoming foreclosed, it is in the pre-foreclosure stage. The pre-foreclosure period can last anywhere from a few weeks to a few months, and is considered by many real estate investors as the absolute best time in which to negotiate the purchase of a home.
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A fixed rate mortgage does exactly what is says on the tin. The interest rate you agree on at the time you set up the mortgage is fixed for an agreed period. The agreed interest rate will not go up (or down) during the fixed rate term.
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If your current mortgage offer is about to come to an end, do you stick with your existing mortgage bank, or swap to a new lender? What are the advantages to staying with the building society you are with currently and the advantages to moving to a new bank. Getting it wrong can be a [...]
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As many people succumb to the pressures of the recent economic downturn, the rate of homes in foreclosure is increasing dramatically. While this is terrible news for the person going through foreclosure proceedings, it can mean finding some excellent bargain investment properties for any wise investors watching the markets.
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If you are getting annuity from a structured settlement deal, the idea of structured settlement sale has probably crossed your mind already. Or it could be that you are offered by a company to sell it to them for a lump sum.
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Before you get too far into your house hunting, it’s highly recommended that you talk to a mortgage lender to know if you pre-qualify or if you are pre-approved for a mortgage. It is important to understand the difference. Your pre-qualification tells you how much the lender will be willing to lend you. This [...]
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