Are you thinking of renovating a home but need assistance in terms of financing? You might want to check on a type of loan called Home-style Renovation. The Home-style Renovation Loan is a mortgage loan that helps with the purchase of a new home needing repairs or refinancing the original mortgage with the cost needed …
What is a Conventional Loan?
There may be times when the loan you want is not offered by government lenders. These types of loan called conventional loans are financing programs which are not financed by the Federal Housing Authority. Under this option, the risk is borne solely by the lender and so the interest rates may be higher. While the …
Should You Refinance from a 30-year to a 15-year mortgage?
Mortgage rates have been decreasing nationwide, and rates are so low that they seem unbeatable, offering the best value possible. The average rate for a 15-year loan is 2.63%, about 70 points lower than a comparable rate for a 30-year loan. Such low rates and large rate discrepancies make refinancing from a 30-year mortgage to …
Commercial Real Estate Market Trends for 2012
Thinking of investing in commercial properties? Affluent investors take special interest in commercial real estate as a strategy to build and consolidate wealth. Recent studies found that these investors receive an average of $1.2 million in revenue every year from their rental properties. Commercial properties are a good source of income especially at a time …
Common Financing Mistake: Spreading Oneself Too Thin
If you are like majority of Americans, buying a home is one of the things that tops your list of aspirations. However, different factors and circumstances often arise, preventing the smooth realization of this goal. These factors and circumstances can range from financial situation to real estate availability, to lack of information suitable and adequate …
