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Mortgage & Real Estate Past Featured Articles
Now Is The Time To Get A Fixed Rate Mortgage
Mortgage rates, as anyone whose mortgage
isn't for a cave, a burrow or a nest will know, are the lowest they have
ever been. People are refinancing (for better interest rates or to tap
into their new found equity) or purchasing new homes as fast as they come
onto the market. Some folks are even taking options on homes that are
yet to be constructed purely as an investment. They hope to sell the option,
the newly constructed home/condo or use them for rental/income purposes.
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New Home Defects Can Cast You Into The Money Pit - Part 2 of 2
In our previous article we extensively
covered the growing phenomenon of new and recently built homes falling
into the "Money Pit" category due to defective construction. As a result of close to fifteen percent of new homes, that are being placed on the market today having major defects, litigation and settlement for repairs has become an industry unto itself. As a result the insurance underwrites have jacked up the prices for premiums year after year.
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New Home Defects Can Cast You Into The Money Pit - Part 1 of 2
I am sure that most of you will remember
the 1986 comedy starring Tom Hanks and Shelly Long, The Money Pit. And,
I am sure that by now you all have met people who have suffered the same
agonizing woes as their film counterparts, and it wasn't necessarily an
old fixer-upper either to be labeled a "money pit."
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Many Experts Agree: Interest-only (IO) Loans May Come Back to Haunt Homeowners
Housing markets across America have been
booming for a quite some time now, yet people are still rushing to get
on the property investment bandwagon for fear of being left behind. In
this clamor for closings, many of these Johnnie-come-late-lies are allowing
themselves to be blinded by reason and they are accepting mortgage terms
that could one day come back to haunt them.
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The Great American Housing Bubble - Fantasy or Reality?
Economic trends come and go, and it sometimes
takes years to gain a historical perspective and make accurate comparisons.
But it appears that what is occurring right now across many regions of
America just might become the housing and mortgage equivalent to the dot.com
crisis we witnessed just a few years ago.
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Dreamy Mortgage Interest Rates May Conceal Nightmares
We all have gotten them, we all read them, and then most of us delete or ignore them. Low interest rate offers that seem too good to be true are careening about the Internet at break neck speed and some folks are becoming the victims of hit and run.
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