Earn huge real estate commission yourself by FSBO
Posted on June 25, 2008 - Filed Under Finance | Leave a Comment
Depending on the locality and city, most of the
time a realtor’s commission is anywhere between 4% to 6% and it is really a
huge amount. If you are an owner of the property and want to sale your house
Depending on the locality and city, most of the time a
realtor’s commission is anywhere between 4% to 6% and it is really a huge
amount. If you are an owner of the property and want to sale your house yourself,
you have fair opportunities to get a part of the huge 4 to 6% commission
yourself.
Why A Commercial Equity Loan
Posted on May 20, 2008 - Filed Under Legal and Law | Leave a Comment
One of the main reasons for getting a commercial equity mortgage loan is to obtain a line of credit. A line of credit is an amount of money made available for you to borrow from whenever you wish.
When you get a line of credit with a commercial equity mortgage loan, what you’re actually doing is getting a new ‘mortgage-loan’ on your commercial real estate for a particular amount. For example, instead of taking that amount, say $500,000 out of your commercial real estate in cash, you leave that cash in, but make it available as a line of credit.
Advantages Of A Commercial Second Mortgage
Posted on May 20, 2008 - Filed Under Business | Leave a Comment
A commercial second mortgage is an important commercial real estate tool.
Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically, the commercial second mortgage will have a term of one to five years with interest only payments. While commercial second mortgages can be critical in some financing scenarios, consideration must be given as to whether or not you have the ability to service both loans.
3 Legged Stool - Whats A Good Loan?
Posted on April 30, 2008 - Filed Under Business | Leave a Comment
Beginning our series “Industry Checks & Balances” - at it’s core are reliable credit decisions. In an era where most on the origination side know little about how sound credit decisions are arrived at; due to the advent of credit scores and matrix’s of scores vs LTV vs DTI ratios, this issue is critical for the long term survival of individual careers and the industry as a whole. We’ll explore most of the necessary ‘checks & balances’ over the next several months.
Read More..>>Saving Wisely Could Help In First Home Purchase
Posted on April 19, 2008 - Filed Under Travel and Leisure | 1 Comment
Worries about money are putting off significant numbers of Britons from taking their initial steps on to the property ladder, new research shows.
In a study carried out by Abbey Mortgages, it was revealed that 1.1 million consumers - about 67 per cent of all first-time buyers - are delaying making such a purchase for at least 12 months. These people were revealed to currently have a total of 31 billion pounds in deposits.
Read More..>>Do Credit Inquires hurt your Credit Score?
Posted on April 5, 2008 - Filed Under Finance | Leave a Comment
Learn what type of inquiry really affects your credit score.
A credit inquiry is an item on your credit report that shows with permission a creditor requested your free credit score report.
Not all credit inquiries affect your credit score:
You may notice when you pull your credit report there are inquiries on there from a business you are not familiar with. The only inquiry that affects your credit score is the one where you are applying for credit. This is considered a hard pull on your report.
Inquiries that affect your credit score:
Read More..>>Tips To Avoid Mortgage Loan Fraud
Posted on March 29, 2008 - Filed Under Business | Leave a Comment
Buying a home is an important financial decision in a person’s life. Most often, it is a stressful experience for the first-time buyer. You need to be really careful while approaching a mortgage lender or real estate broker when buying a real estate property using a mortgage loan.
You should know how to avoid mortgage loan frauds. Listed below are some tips that can prevent you from becoming a victim of predatory lending or loan fraud.
1. Whenever anybody goes to hire a real estate professional, it is very important to go for a properly qualified and licensed professional. However, you should always seek references or testimonials from previous customers.
Read More..>>Using An Ibc To Own International Real Estates
Posted on February 11, 2008 - Filed Under Education, Finance | Leave a Comment
IBC or the International Business Corporation is another name for an offshore company that has been formed under various laws and is supposed to be a tax free company. IBC’s cannot do business in the same jurisdiction in which it was formed. There are various offshore jurisdictions, who have allowed formation of IBC’s and these include Anguilla, British Virgin Islands, Bahamas, Antigua, Nevis and Gibraltar. Having an IBC has its own advantages although these vary according to the jurisdiction like:
Read More..>>No Doc Mortgage Loans
Posted on December 31, 2007 - Filed Under Business | 1 Comment
No doc loans are mortgages that do not require the borrowers monthly income amount and employment source to be filled in on the mortgage application. No Doc loans are a great program for the borrower that just doesn’t have the ability to come up with the required paper work for a conventional or stated income loan such as a self employed or unemployed borrower. No Doc mortgage loans are available for the purchase or refinance of Single Family homes, town homes and condominiums. No Doc Loans are also available for non owner occupied investment properties as well, but have different lending guidelines that will apply and they are only available at lower loan to value ratios and will require a down payment or equity for a refinance.
Read More..>>Are New Stepped Rate Mortgages Just Delaying The Inevitable?
Posted on December 30, 2007 - Filed Under Business | Leave a Comment
In the UK there has recently been an increase in the number of new stepped rate mortgage products on offer. These products are where the lender offers a stepped phase of interest rates, usually each rate lasts up to a year before you must move up to the next, higher interest rate for the next year. For example, a first year interest rate of 5.99 per cent may be available with a second year interest rate of 6.79 per cent. Usually these type of mortgage products do not charge a fee, making them a very good offer for people coming to the end of a low rate fixed rate deal. 3 or 4 years ago, when interest rates were at an all time low, you could have picked up a fixed mortgage rate in the region of 3.50 per cent!
Read More..>>
