Blog – Page 699 of 785

17 Jun 2014

What To Do When Your Real Estate Loan Is Declined

Mortagage Tips

There are many reasons why a mortgage loan could be declined. It doesn't have to be the end of your real estate dreams. Here are a few things to consider if you've been turned down for a mortgage. Loan-To-Value Ratio The loan-to-value ratio (LTV) is the percentage of the appraised value of the property that you are trying to finance. For example, if you are trying to finance a home that costs $100,000, and want to borrow $75,000, your LTV is seventy-five percent. Lenders don't like a high LTV. The higher the ratio, the harder it is to qualify for…

16 Jun 2014

By Mark Feder

What’s Ahead For Mortgage Rates This Week – June 16, 2014

Market Outlook

Last week's economic news was quiet in the housing sector, but retail sales and employment-related reports provided indications of less consumer spending and reduced consumer confidence. On Monday, James Bullard, St. Louis Fed President, commented that inflation appears to be rising. Although not a voting member of the Fed's Open Market Committee (FOMC), inflation has been a topic of concern to the FOMC in recent years. Mr. Bullard had previously noted that inflation was stable. His remarks set the stage for this week's FOMC meeting and press conference by Fed Chair Janet Yellen. Analysts expect the Fed to continue tapering…

13 Jun 2014

By Mark Feder

What Are The Closing Costs Of Real Estate?

Home Mortgage Tips

You've found the perfect property and a great mortgage loan with the best interest rate you can find. What's next in the home buying experience? Signing the contracts and paying the closing costs. But what exactly are closing costs? Here Is A List Of The Most Common Closing Costs: Titling Fees - These include the title search and title insurance, and the associated attorney fees. These costs are usually paid by the seller but can be assigned to the buyer. Recording Fees - The government charges a fee to record the change in ownership of the [city] real estate. This…

13 Jun 2014

By Mark Feder

DIY Or Hire It Done, Renovating Real Estate Investment Properties

Real Estate Tips

Sometimes, when buying - or even thinking about buying real estate for investment purposes, you're faced with the need to fix up the property. The question then arises: Should I fix it up myself or hire it done? Unfortunately, no one can give you the right answer. However, there are a few questions that you can ask yourself to help decide the issue: 1. Do I Have The Time? Time is an issue that many people forget about, but it should be one of the deciding factors. Some renovations, such as handles, hinges or kitchen hardware can take very little…