30 Jul 2014
By Mark Feder

S P Case-Shiller Home Price Index: May Home Prices Rise

Mortagage Tips
May home prices rose in all 20 cities tracked by the S&P Case-Shiller 20 City Home Price Index. This was the second consecutive month in which all cities posted gains. On average, national home prices rose by 1.10 percent in May as compared to April's reading. Year-over-year, home prices rose, but at a slower rate of 9.39 percent in May as compared to 10.80 percent year-over-year for April. Nevada, Florida and California Cities Post Highest Gains  Cities posting the highest year-over-year price gains in May included Las Vegas, Nevada at 16.90 percent, San Francisco, California at 15.40 percent, Miami, Florida…
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17 Jun 2014
By Mark Feder

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…
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03 Jun 2014
By Mark Feder

Small Business Owner? Here’s What You Need To Know About Mortgages

Mortagage Tips
If you are an entrepreneur or a small business owner, you probably know that there are a lot of advantages to this lifestyle - the freedom, the exciting challenges, the opportunities and the ability to make a living doing what you love. However, you also know that being a small business owner can make some things more challenging - such as apply for a mortgage for your home. Many small business owners find it tough to get approved for a mortgage, because their income can be erratic and the banks want to see proof of consistent earnings over a significant…
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04 Sep 2013
By Mark Feder
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Rounding Up Your Mortgage Payment, Will It Really Help?

Mortagage Tips
Paying off the mortgage on your home as quickly as possible will ensure that you pay less interest and save money in the long term. But how can you accelerate those payments so that you own your home sooner? One simple and easy way that you can pay off your mortgage faster is to round up your mortgage payment to the nearest $100 interval. So, for example, if your mortgage payment is $756 per month, you can pay $800 instead. Not only will this help you to pay off your mortgage sooner, but round numbers are also much easier to handle for simple calculations. You will be…
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