Real estate loans grow 100% despite higher risk weightage
Published Monday, September 04, 2006 by Money Man Mike.
MUMBAI: Real estate loans grew 100% between June?05 and June?06, despite RBI raising the risk weightage on such loans to discourage banks funding builders, reports Our Bureau.
According to the annual report, loans to commercial real estate rose 102% year-on-year (y-o-y) as at end June?06.
Tagged: home loans
How to insure your growing family
Published Sunday, June 18, 2006 by Money Man Mike.
Cash-value insurance can cost 10 times as much as term insurance, most young families will find they need to buy term in order to get enough coverage.
Liability coverage:-If your homeowners and auto policies don't provide enough protection, you may need to buy a personal or "umbrella" liability policy.
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Mortgage Rates Hit New Lows
Published by Money Man Mike.
The average interest rate on a 30-year, fixed-rate mortgage dipped to 5.84 % for this week, down from 5.86 % last week, Freddie Mac reported Thursday in its latest nationwide survey of rates. The new rate is the lowest since Freddie Mac began tracking 15-year mortgages in 1991.
Tagged: mortgage
Corporate loan rates are set to rise
Published Tuesday, June 13, 2006 by Money Man Mike.
On Friday, ICICI Bank, the country?s second-biggest bank, raised its prime lending rates by half a percentage point, which will raise the price of retail home loans by a like amount.
The rate hike by ICICI Bank comes just day after the central bank increased benchmark rates by 25 basis points.
Tagged: home loans
Lawsuit Loans Help Keep Cases and Lives Financially on Track
Published Thursday, May 18, 2006 by Money Man Mike.
But cases can drag on for years, making it difficult for plaintiffs to survive financially until they receive their settlement. But if you win, they'll have a legal right to share your settlement. Companies with deep pockets can afford to extend cases in an effort to "wait out" plaintiffs who are in dire need of funds to meet their living expenses.
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Capitalizing on Selling Your Real Estate Note
Published by Money Man Mike.
For instance, the buyer may put down 5 % in cash, take on a mortgage for 75 % of the value of a house, and then the owner creates a note for the remaining 20 % to make the deal work. You can use installment-financing to close the deal with buyers, and then convert their future monthly payments into quick cash by selling the note.
Tagged: mortgage
Beware of the 'Mortgage broker Vultures!'
Published Friday, May 12, 2006 by Money Man Mike.
If you have difficulty in getting a mortgage due to poor credit, most brokers will take advantage of you. You can see your full credit history online and get your credit score using a great service from credit reference agency Equifax.
Don?t go to a broker who can?t offer mortgages from the whole of the market.
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Insider Trading FSA, SFA
Published by Money Man Mike.
I was deliberating whether to bother even commenting on the FSA's latest 'findings'. Often if you write about something the thing itself is given more credibility merely by the act of commenting on it. It may be better to take a more practical approach and abolish the offence altogether for something wider, and less onerous to prove.
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Remortgaging can save you a bucket of cash
Published by Money Man Mike.
Remortgaging can provide a sizable saving, but the sooner you do it the sooner you can start saving.
-there are remortgage fees to consider but this should be minimal in comparison to the savings you will make on your new deal -remortgaging can be a laborious, so prepare yourself
Tagged: mortgage
Buy, Don't Rent, When You Can Afford the Down Payment
Published Thursday, April 20, 2006 by Money Man Mike.
A buyer benefits from this appreciation because the purchase price of the home is locked in on the day the buyer signed the rent-to-own contract with the seller. * In most agreements, the seller allows a portion of the rent to be applied towards the purchase price, which some lenders consider to be part of the down payment.
Tagged: mortgage
Preparation Essential to Successfully Selling Business Notes
Published by Money Man Mike.
Some business note buyers may accept a balloon if it can be amortized within 24 months using the same monthly payment used to pay the note. The agreement, which doesn't become part of the public record, simply documents what the tangible assets are at the time of the business sale. You should receive the proceeds from the sale within several weeks.
Tagged: mortgage
Respectable Mortgage Rates
Published by Money Man Mike.If Money were no object
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Last posts
- Real estate loans grow 100% despite higher risk weightage
- How to insure your growing family
- Mortgage Rates Hit New Lows
- Corporate loan rates are set to rise
- Lawsuit Loans Help Keep Cases and Lives Financially on Track
- Capitalizing on Selling Your Real Estate Note
- Beware of the 'Mortgage broker Vultures!'
- Insider Trading FSA, SFA
- Remortgaging can save you a bucket of cash
- Buy, Don't Rent, When You Can Afford the Down Payment