Category Archives: Real Estate Advisor
Everything is cleaned properly with professional end of tenancy cleaning services
Many people live in condominiums and rented apartments because they can not allow to buy their own house. And usually, it does not make sense to rent an apartment just for a few weeks. When you sign an agreement, it will last from 6 to 12 months. And the main condition is to make a large deposit when you move in. If you want to get your money back, it is better to have the entire property cleansed and disinfected by end of tenancy cleaning services.
End of lease cleaning is very important for both tenants and homeowners. Get more info…
Medical Property in London
If you’re looking for medical property in London you won’t have a hard time fining it. In fact commercial buildings with many designed for medical facilities are being built so quickly that there are more vacancies than medical companies to fill them. The new facilities gives organizations more choices or as a way to upgrade from their current building.
Medical Building Sales on the Rise
London has a huge commercial property industry that is the second largest in the world with New York being number one. In 2011 the value of the property was around £17 billion. M Get more info…
Mortgage Rates: Increase in Existing Home Sales Pushes Housing Forward
The increase in existing home sales is pushing the housing recovery forward as was shown today in the latest report from the National Association of Realtors. Sales of existing homes rose 0.4% to a 4.92 million annual rate which is 9% higher than the same time last year. Home prices were also up 12.3% which was the biggest gain since January of 2005. The rise in prices is being driven by low inventory and increase in demand as low mortgage rates continue to dominate. Inventory is down to approximately a four month supply and is at the lowest level since 1999.
Todays 30 year fixed mortgage interest rates are as low as 3.125%, 15 year fixed mortgage rates are as low as 2.375% and 5/1 ARM loan rates are as low as 2.375%. Conventional loans require that borrowers have good credit in order to obtain low rates. The loan file must have documentation for employment, income and assets, as well as, verifications done by the lender.
Basic Allowance For Housing Can Help You Get A VA Loan
As an active duty service member, you’re probably aware that you’re eligible for a basic allowance for housing (BAH). But do you know that your BAH can be used to help you get a VA loan? Although it’s not specifically designed for mortgages, it’s incredibly helpful for anyone considering buying or refinancing a home by helping to defray the costs of a mortgage.
Briefly, a BAH is a non-taxable, monthly payment given to eligible service members when government housing isn’t available. The amount you receive depends on your location, pay grade and whether or not you have dependents. Compensation is determined by taking a number of factors into consideration; however, it largely depends on the rental data of the area in current rental market conditions. Additionally, your BAH includes rate protection. This means
Readers sound off on Fannie Mae
My Jan. 12 column addressing reports about Fannie Mae stifling short sales sparked quite a response. Several readers contacted me to share their experiences and echo some of the concerns raised by last month’s column.
To recap, the issue involves an increasing number of complaints from would-be homebuyers, Realtors and others who say that Fannie Mae has been blocking short sales by asking for tens of thousands of dollars above appraised value for the homes they control.
Basically, the so-called government-sponsored enterprise that backs millions of mortgages across the country seems to be holding back home sales for some reason. Most of the complaints I’ve heard are coming from potential buyers who are relying on financing, rather than paying cash, to purchase a property previously financed by a Fannie Mae loan.
Home buyers and real estate professionals here and in other parts of the country have been complaining for months that Fannie Mae has been responding to their offers to buy a home by asking upward of $40,000 more for the home than an appraiser said it is worth.
Some homeowners can now walk away
Beginning March 1, 2013, Fannie Mae and Freddie Mac will allow homeowners to apply for a deed-in-lieu of foreclosure even if they have been making on-time payments. Until recently, Fannie and Freddie borrowers were only allowed to engage in a deed-in-lieu if they were 90 days or more delinquent. In some cases, homeowners were even encouraged to stop making mortgage payments–even if they could afford them–in order to qualify.
A deed-in-lieu of foreclosure is when a homeowner who can no longer afford their mortgage voluntarily gives back their home to the bank in exchange for having their mortgage debt wiped clean. Whil
Mortgage Rates: Home Prices Gain for Tenth Straight Month
Home prices gained for the tenth straight month in December, up 0.4% as compared to November 2012, according to CoreLogic, a data analysis firm. Including distressed sales, nationwide prices increased on a year over year basis by 8.3% compared to December of 2011. This is the biggest increase since May 2006. Across the country, 46 out of 50 states showed improvement; more evidence pointing to a continued housing recovery.
Todays 30 year fixed mortgage rates are as low as 3.125%, 15 year fixed mortgage interest rates are as low as 2.375% and 5/1 ARM loan rates are as low as 2.375%. Lender guidelines remain strict and make it necessary for borrowers to have good credit in order to receive low rates. Documenting employment, income and assets is necessary so that the lender can prove and verify the information. After examining the loan file, additional information is often required to support the loan decision.