" Things are seldom what they appear to be ". ...
Published Saturday, June 24, 2006 by Real Estate Pro.Have you heard of Cash Back mortgages?
If you are considering a cash back mortgage you owe it to yourself to understand what the real cost of " giving " you money is.
To calculate the cost of the cash back you will need to find out the lenders Best Rate and Cash Back Rate for the term that you are considering.
Compare the dollar value offered as a cash back to what you have calculated above.
Tagged: Mortgage
" Things are seldom what they appear to be ".
...
Greenspan: Cause the bubble - check. Then warn about asset prices collapsing? Weird.
Published Saturday, June 17, 2006 by Real Estate Pro.Former Federal Reserve Chairman Alan Greenspan warned on Wednesday a global glut in liquidity would result in a fall in asset prices. "A good part of this expansion is a direct function of the decline in real equity premiums," Greenspan said.
He said asset prices would begin to fall, but did not predict when that would happen.
Tagged: equity
Greenspan: Cause the bubble - check. Then warn about asset prices collapsing? Weird.
HUD extends hurricane foreclosure moratorium
Published Tuesday, June 13, 2006 by Real Estate Pro.HUD has just issued Mortgagee Letter 2006-05, extending its moratorium banning foreclosures in certain areas that sustained heavy damage in the 2005 hurricanes. The Housing Bubble Blog — known last fall as “The Housing Bubble 2″ — brought up some tough questions about Katrina damage and reverse mortgages in late October 2005, linking in turn to an analysis at AccountingWeb that was also much quoted elsewhere.
Tagged: [existing_link:1308666332880af2288d64491262b9b8]
HUD extends hurricane foreclosure moratorium
A case study of the trouble executors face
Published by Real Estate Pro.It seems especially important to consider that a reverse mortgage debt might continue to increase until the house could be sold to pay it. Reverse mortgages do generally limit the borrower’s liability to the amount of equity in the house itself — but if a reverse mortgage keeps on eating into that equity after the payments to the original borrower have stopped, then that’s a pretty serious waste of money.
Tagged: [existing_link:1308666332880af2288d64491262b9b8]
A case study of the trouble executors face
Some detailed reports on HUD?s HECM program
Published by Real Estate Pro.A fall ‘05 article in HUD’s ResearchWorks journal points us to a big-picture report prepared last spring on “Home Equity Conversion Mortgages and Long-Term Care” by the Georgetown University Long-Term Care Financing Project. Reverse mortgage laws and business practices have changed a lot since then, but HUD does have available a 2003 update on some of the 2000 report’s findings.
Tagged: equity
Some detailed reports on HUD?s HECM program
Buying and Selling: Family Valuations
Published Friday, June 09, 2006 by Real Estate Pro.Now, it's human nature to want to gravitate towards communities that share your physical makeup, religious beliefs, social standards, etc., but I'd like to think it's also human nature to want to meet new people and have new experiences, and it's just unsettling to think of developers quizzing potential buyers as to their political persuasions, so as not to match a red-state gun nut with a blue-state nancy boy.
Tagged: [existing_link:c993d40e3cbd5e7d75c151334e80c332]
Buying and Selling: Family Valuations
Buying And Selling: Seesaw Sales
Published by Real Estate Pro."A lot of consumers have been having affordability problems, which is why a lot of them have been taking out ARMs," said Chen. "But with ARM rates rising, fewer people have been able to afford a home, which was also behind last week's decline in applications."
Note the fact that things are still considerably less than sunny in South Florida, and you can get the picture.
Tagged: [existing_link:c993d40e3cbd5e7d75c151334e80c332]
Buying And Selling: Seesaw Sales
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Last posts
- " Things are seldom what they appear to be ". ...
- Greenspan: Cause the bubble - check. Then warn about asset prices collapsing? Weird.
- HUD extends hurricane foreclosure moratorium
- A case study of the trouble executors face
- Some detailed reports on HUD?s HECM program
- Buying and Selling: Family Valuations
- Buying And Selling: Seesaw Sales
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