Home Loans

Real estate loans grow 100% despite higher risk weightage

Money Man Mike — Tue, 05 Sep 2006 06:20:36 +0000

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

Continue

How to insure your growing family

Money Man Mike — Mon, 19 Jun 2006 04:50:44 +0000

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.

Tagged: [existing_link:ad41f0b368583bf184e797525e308b2e]

Continue

Mortgage Rates Hit New Lows

Money Man Mike — Mon, 19 Jun 2006 04:50:43 +0000

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

Continue

Corporate loan rates are set to rise

Money Man Mike — Wed, 14 Jun 2006 06:52:38 +0000

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

Continue

Lawsuit Loans Help Keep Cases and Lives Financially on Track

Money Man Mike — Thu, 18 May 2006 13:08:04 +0000

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.

Tagged: [existing_link:ad41f0b368583bf184e797525e308b2e]

Continue

Capitalizing on Selling Your Real Estate Note

Money Man Mike — Thu, 18 May 2006 13:08:03 +0000

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

Continue

Beware of the 'Mortgage broker Vultures!'

Money Man Mike — Sat, 13 May 2006 06:50:13 +0000

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.

Tagged: [existing_link:ad41f0b368583bf184e797525e308b2e]

Continue

Insider Trading FSA, SFA

Money Man Mike — Sat, 13 May 2006 06:50:13 +0000

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.

Tagged: [existing_link:ad41f0b368583bf184e797525e308b2e]

Continue

Remortgaging can save you a bucket of cash

Money Man Mike — Sat, 13 May 2006 06:50:12 +0000

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

Continue

Buy, Don't Rent, When You Can Afford the Down Payment

Money Man Mike — Thu, 20 Apr 2006 18:55:53 +0000

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

Continue

Preparation Essential to Successfully Selling Business Notes

Money Man Mike — Thu, 20 Apr 2006 18:50:31 +0000

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

Continue

Respectable Mortgage Rates

Money Man Mike — Thu, 20 Apr 2006 18:48:58 +0000

Lenders BM Solutions have launched some amazing mainstream mortgages, one is at base less 0.75% with a 1,499 arrangement fee and the other is a base less 0.51%, free conveyancing and refund of valuation and 3.89% fixed for two years with an fee of 1,499.

Tagged: mortgage

Continue

If Money were no object

Money Man Mike — Thu, 20 Apr 2006 18:48:58 +0000

Reading through the other PF bloggers on this topic, it resonates. Sure, you’d pay off a few outstandings, maybe add some toys - but then what? | | Where it really makes a difference in what you can do, versus what you HAVE to do.

Tagged: mortgage

Continue