So here’s some interesting news, dear readers. News that will absolutely piss off most mortgage brokers. New York Attorney General Andrew M. Cuomo, with just a simple threat of a lawsuit, got Freddie Mac and Fannie Mae to agree to never again purchase a single loan from lenders that refuse to meet new appraisal standards [...]
Posted in Business and Finance | Tagged adopt, and, appraisal, fannie, freddie, mac, mae, new, standards |
For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don’t have the available funds to make repairs. If you and your spouse are both at least 62 years of age and have significant equity in your home, a reverse mortgage can turn that equity [...]
Posted in Business and Finance | Tagged a, help, home, keep, mortages, new, or, purchase, reverse, seniors, their |
As the recession takes grip, the construction industry is just one industry to feel the tightening of consumer purse strings. Building of New homes and new property developments start to decline as the demand for new houses decreases, often leaving property developers hundreds of thousands of pounds in debt, with new homes standing empty due [...]
Posted in Business and Finance | Tagged an, buying, climate, homes, in, new, unstable |
If you are like most people, you will need to obtain a loan in order to finance your first house. As you may already know, these types of loans give you many opportunities that wouldn’t be possible without them. When you buy a home, you should understand as much as you can about the process, [...]
Posted in Business and Finance | Tagged basics, buyers, for, home, mortgage, new |
The trouble with the financial market today is that people generally do not know what to do with their money, especially those who have not yet found the chance to place their foot on the property market. Many young people in their early to mid twenties are only to hesitant to make this move, because [...]
Posted in Business and Finance | Tagged a, buying, flats, guide, in, new, the, to, uk |