Jack Sternberg
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5 Basics Terms Of Real Estate Seller Notes
Over at Noteworthy.com Jon Richards and Clint Hinman really work with me in educating Real Estate Investors about Notes, Mortgage Paper, Liens and an assortment of financing instruments that make real estate investors money or gets them into a deal. Whenever any person, partnership, trust, corporation or any other entity becomes a lender on a …
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84 U.S. Real Estate Markets Improving Summer 2012
Where economic growth goes, housing growth often follows. That’s why it’s good news for homeowners that 84 U.S. metropolitan areas are showing “measurable and sustained growth” this month, according to the National Association of Homebuilders’ Improving Market Index. The Improving Market Index is a derivative report, based on the results of three separate data series …
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Revisiting Housing Market Predictions For 2012
When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it’s an opportune time to check back to see how the experts’ predictions are faring (so far). If you’ll remember, when 2011 closed, the housing market was showing its first …
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Lock Your Mortgage Rate: New Loan Fees Expected in Early 2012
Starting soon, nearly all real estate investors taking out new loans or refinancing current loans, home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law. 13 months ago, as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Congress enacted a one-year cut …
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Applying For A Mortgage Soon? Don’t Open New Credit Cards For Valentine’s Day..
Valentine’s Day is just two short weeks away. Sales are expected to top $17.6 billion this year and, already, businesses are vying for shoppers and their dollars. Newspaper circulars are getting larger, and in-store discounting is more prevalent. But one discount that shoppers should think twice about is the popular “Open A Charge Card, Save …
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An Introduction To Real Estate Commercial Loan Documentation
The financial stakes are much higher when you’re dealing with commercial investments rather than residential investments. With such deals, the rewards are greater, but the risk is also. So, it will pay you to understand completely the terms and wording of commercial loan documents. In this blog post, I’ll provide you with the necessary knowledge …
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What Is Annual Percentage Rate (APR)?
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents. A loan’s APR is printed in the top-left corner of the Federal Truth-In-Lending Disclosure, as shown above. When quoting an interest rate, loan officers are required by …
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Congress Expands And Extends The First-Time Home Buyer Tax Credit
Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The White House says the President will sign it into law today. The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010. The …
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Banks Raise Mortgage Standards
Despite the economy’s improvement and prodding from Congress, banks don’t seem ready to open their purse strings just yet. Nationally, mortgage approval standards are tightening. The data comes from a quarterly survey the Federal Reserve sends to its member banks. The Fed asks senior bank loan officers around the country whether “prime” residential mortgage guidelines …
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Simple Real Estate Definitions : APR
APR is an acronym for Annual Percentage Rate.It’s a government-mandated calculation meant to simplify the comparison of mortgage options. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, many people confuse it for the loan’s interest rate. It’s not. APR represents …
