| |
| |
|
Nationalrealtyresource.com
|
| Home | Find a topic | Links | Guest Book |
| Welcome |
|
|
|
Homebuyer Heaven Can't Possibly Last
With interest rates at record lows over the past year, there's really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. However, the prospect of a sharp increase in 2005, continuing into the following year will have many mortgagees feeling uncomfortable. Those most at risk when rates begin to rise again will be borrowers who have been over eager to buy in to the mortgage market while rates were low, without taking the time to secure the best possible deal, or to consider their position in the long term. The low interest rate environment has been ideal for aggressive, unscrupulous lenders to encourage customers to borrow more than they need, or agree to repayment plans they can't realistically afford, particularly when rates begin to rise again. Being in a hurry has also meant many people have been less careful about checking terms and conditions of the loans they are agreeing to. To make matters worse, many homebuyers have been swayed by low interest rates into paying too high a price for their property. Some financial experts believe interest rates will remain low long enough for an adjustable rate mortgage to continue to be an attractive option, but borrowers will need to be quick. With rates set to rise, an ARM would seem an irrational choice, but this type of loan is still surprisingly popular. Overall rates for this type of loan are generally lower than rates for fixed term mortgages, and for those planning to pay off the loan in a reasonably short time, the remaining period of very low interest rates will still be an advantage. Many experts also believe it's still not too late to take advantage of low rates to refinance a home loan package. The key for borrowers is to keep their cool when negotiating a deal, read the fine print, and think about the long term picture. David Cannell is a freelance writer and university educator and also the owner of http://www.property-raider.com
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
Lease Purchasing Is The Perfect Home-Based Business Some call it the 30 second commute. We call it wonderful. Financing Houses What Real Estate Lenders Look ForLenders control many programs -- some make use of over 200! Generally, lenders look for the following typical standards, with many exceptions:1. Absolutely no late mortgage payments 2. The Real Estate Bubble-When Will it Burst? More and more individuals are realizing that real estate is much safer, and a better return on investment than many traditional investment vehicles. Unlike stocks or bonds, real estate investments can usually be liquidated in order for the investor to access funds in far less time. How to Get Financing after Filing Bankruptcy If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling. Dead Deals and Recycled Reports Everyone knows that at the end of a home inspection, a report is generated that outlines the findings of the home inspector. But did you know that this is not intended to be a "hit list" of negatives? Us home inspectors do what we do in order to objectively describe the home. The Real Estate Cycle The real estate cycle, like the business cycle, refers to the activity of the real estate market as it reacts to the forces of supply and demand.Supply and demand. Wealth Building - An Advantage of Home Ownership As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. No More Estate Agent Fees Follow a few simple guidelines, and marketing your own home can be easy. And it will save you thousands. Small Town Stone House with a Long History As a native Midwesterner, the first thing I noticed when moving to the Delaware Valley was the enormous number of fieldstone houses. Frankly, I'd never seen such a thing. Investing In Commercial Property Why commercial property?Compared to residential property investments, commercial property offers some key advantages:Long-term secure cashflow -- Commercial lets normally have long lease contracts, with periods of 10 years and more not being uncommon. In addition to this, commercial property tenants are less likely to default on payments and even if the tenant goes into liquidation, the liquidator may continue paying the rent in order to stop the lease being forfeited. Moving On: Powerful Tips For Selling Your Home Maybe you're moving to a larger home to accommodate a growing family, relocating for a new career opportunity, or purchasing a townhouse for retirement. Whatever the reason for the move, you'll need to take the necessary steps to sell your home for the best possible price, within a reasonable amount of time. Are You Really A Twenty First Century Investor Today's residential real estate market for investors has become very competitive in most major markets. The vast majority of real estate investing seminars and clubs are encouraging you to search out desperate home owners or distressed properties to be rehabbed. Escalation Clauses - A Home Buyers Secret Weapon Today we discuss escalation clauses because much of the country is experiencing an extreme "sellers' market." By that, I mean there are more buyers than there are sellers, and that results in sellers' getting more than one offer to buy their property. How To Start Investing For Financial Independence, Part 2 Last week, we started a multi-part series about how to go from being a beginning investor to being "financially independent" in a steady and predictable way. Many, many people want to overly complicate this process so let's briefly, let's recap that discussion. Trading Inspectors! As sure as the spring flows at the Fountain of Youth, a home inspection provides a stream of knowledge to wash away the fears of homebuyers. But fear may be replaced by frustration if the wrong inspector is chosen!Should Tradesmen be Home Inspectors? There are some who say that the best home inspection is an inspection where all the trades are represented by a tradesperson from each specialty. Take A Shotgun Approach An effective real estate advertising strategy entails a 'shotgun' approach. A shotgun approach includes online internet ads, regular print ads in major real estate publications (AJC) of the property's location, as well as popular local area publications (Creative Loafing) and full use of real estate signs. Home Hunting and the Internet So, it's home hunting time. Where do you start? Who do you contact? Well, home hunting has been made much easier with the advent of the Internet. How to Make a Buyer Fall in Love with Your Home If you are thinking of selling your home, there are a number of things you can do to improve the "showability" of your home. But first, let's look at your home through the eyes of the buyer. OPM - The Art of Leveraging Equity lender, hard money lender, private investor or what ever term one uses can be a great source of funds to do real estate transactions and the question of how to find them comes up often!There are numerous ways to do this, and no two investors are exactly alike, so it's important to be innovative and customize your proposal to the specific "hot buttons" for each funding source.One of the greatest advantages of real estate investing is the power of leveraging other people's money. Good Tenants - Learn Twelve Ways Landlords Keep Them Happy, Long-term Good Tenants Paying On Time How to Create a Win-Win Relationship for the Both of You!After you've found your tenants, how do you keep them? Establish a friendly, pleasant, business-like relationship with your tenants, so they'll want to renew again each year. By using one or a few ideas below, you will learn how to keep good tenants.
|
| |
| |
|
Home | Guest Book |Site Map | Recommended Resources | Search Powered By: TJTMEDIA |
| © 2006 |
