According to Freddie Mac, mortgage rates rose for the second week in a row last week. Despite this, Total Mortgage still has some of the most affordable mortgage rates in the country, and we specialize in FHA mortgages.
If you are a first time home buyer, or have a limited amount of money for a down payment, an FHA mortgage may be great for you. Read Article…
“Where the city meets the harbour” so succinctly describes the location and venue of the Stamford Residences, in Auckland’s Albert Street where luscious new photographs more than do justice to these exciting apartments. For a glimpse into this luxurious world you should delve into their new website which will make you drool with envy. You’ll love the crisp images of the absolute elegance and luxury, showcasing to the world these beautifully appointed luxury apartments.
From the moment you click on their Home Page, the visual imagery is enough to draw you in, insisting that you scroll down to learn more about these fabulous looking apartments. Similar Read Article…
Q: My wife and I plan to buy a house, and we want to use part of my income to qualify for a loan but without adding me to the title. Her income is only $30,000, my income is $15,000. What are our options? – Bob
A: If you apply for a loan in order to purchase a home and you are married, the bank takes the spouse who makes the most money first; if their credit is good, and their income qualifies them for the purchase, the other spouse files a quit claim deed and isn’t on the loan nor the title. However, in order to use your income, you must also qualify for the loan and be on both the loan and title. There is
According to reports from Radar Logic home prices in November declined in 22 of 25 metropolitan areas on a year-over-year basis. Radar Logic’s home price index declined 2.2 percent from November 2009 to November 2010.
On a month-over-month basis, home prices were more or less stable from October to November, rising 0.3 percent. Radar Logic warns that
On a year-over- year basis, the hardest hit metropolitan areas were Atlanta, Chicago, Miami, and Minneapolis, while home prices actually rose in New York City, and remained stable in San Diego and San Jose. No
Things were looking up for luxury home sales during the tax credit boomlet last year. However, the credit wasn’t the primary reason; after all, $4000 isn’t a compelling incentive to well-heeled move up buyers in the million dollar plus housing bracket.
Rather, a plentiful inventory, good deals driven by price reductions, an improving outlook for appreciation and the beginning of the overall economic recovery made the difference. When sales of existing homes dropped 25.5 percent year-over-year last July, data by Altos Research for the Institute of Luxury Home Marketing showed that summer sales of million dollar plus homes significantly outperformed sales in other price ranges.
Since late summer, though, high end demand has died down and mini-mansions once again sit empty. Inventory is seasonally low but on a national basis average days on market is up to 173 from 120 in September, though still well below the 225 to 250 days averages of the first quarter. Average prices have fallen and an index created for ILHM by Altos currently puts demand at a stinky 13, far below the 30 break point between a buyer’s and seller’s market.
According to a new survey by the Institute for Private Investors’ Family Performance of 72 families, more than 80 percent of whom have assets of $50 million or more, right now wealthy investors would rather put their money elsewhere. Some 64 percent plan to park their cash abroad, in long-only global stocks. The next biggest
2 bedroom, 1 bathroom, House on 0.12 Acre [483.57 sq m] Lot on the shoreline of Utila’s Lower (Pigeon) Cay. 5.36 miles [8.62 km] by boat from Utila Town Center. Read Article…