Prudential Carolina Real Estate, the largest real estate company in Charleston, recently changed its name to Carolina One Real Estate. The company opted not to renew its 10 year franchise agreement with Prudential which was coming up this year. The name change officially took place May 1. A month after this transition, Carolina One is [...]
Posted on 14 January 2010
Offset Mortgage Providers are on the Increase
Posted on 18 January 2010
Offset mortgage providers are increasing in number, and it is predicted that offset mortgages will account for 30% of all UK secured lending by 2009.
What are offset mortgages?
Offset mortgages allow homeowners to link the balance on a savings and current account with their mortgage, while still allowing instant access to their money. The amount [...]
No Cost Mortgage – a Real Deal or Not?
Posted on 18 January 2010
With the onset of 2008 we have seen mortgage interest rates begin to fall. When mortgage rates fall, misleading mortgage advertising schemes seem to show up in the media all around us. For example, I recently watched an advertisement on Television for “The Real No Cost Mortgage”. I shudder each time I see or [...]
The Pros and Cons of a Bi-weekly Mortgage
Posted on 17 January 2010
Having a mortgage can be expensive; with the interest that is charged over the life of your mortgage, a large portion of what you end up paying is nothing more than interest payments and not the loan itself. Obviously it’s important to be able to pay off your mortgage as quickly as possible in order [...]
The Pros and Cons of Adjustable Rate Mortgage
Posted on 17 January 2010
An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index. The most common indexes used to determine the interest rates are:
One-year constant maturity treasury securities (CMT)Cost of Funds Index (COFI)London Interbank Offered Rate (LIBOR)A lending institution’s [...]
An Introduction to Mortgage Backed Securities
Posted on 17 January 2010
What Are Mortgage Backed Securities?
Mortgage backed securities are securities that are backed by the principle and interest payments on a group of mortgage loans. Lenders group together mortgages and the money that is repaid by the borrowers’ pays investors in the mortgage backed securities.
Why Do Mortgage Lenders Issue Mortgage Backed Securities?
There are a variety of [...]
Foreclosures
Bank Short Sale – a Great Way to Purchase Investment Property
Posted on 14 January 2010
A bank short sale is a great way for investors to buy property at a fraction of the market price; however there are several steps that should be followed in order to guarantee a successful and profitable transaction. These tips include using a real estate agent experienced in the short sale process, doing research on [...]
Homes For Sale
Homes for Sale Basics – Some Key Pointers When Selling a Home
Posted on 14 January 2010
Setting out for the home sale road can be a tough and long journey. Nowadays, without proper marketing and assistance, homes for sale owners can only see their properties sit on the market on months, even years, on end without as much as a glance from a buyer. The competition is tough and the buyers [...]
Mortgage
Offset Mortgage Providers are on the Increase
Posted on 18 January 2010
Offset mortgage providers are increasing in number, and it is predicted that offset mortgages will account for 30% of all UK secured lending by 2009.
What are offset mortgages?
Offset mortgages allow homeowners to link the balance on a savings and current account with their mortgage, while still allowing instant access to their money. The amount [...]
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