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Even though interest rates are starting to go up, they’re still relatively low at this point. Many people are going back and forth as to whether or not they should try to refinance their mortgages. Here are some pros and cons of doing either action. Let’s first look at the pros. One pro, of course, [...]
Right now, interest rates on home mortgages are at the lowest level in decades, if not ever. If you can get it, going for a lower interest rate might be the most beneficial thing you can do to help you get over some financial humps and get things done. A real life story came up [...]
There is a post on a blog called New Homes Section, Illinois, titled 5 Things To Know About Buying A House. It’s a pretty good article if I say so myself, but I think there are more things to add to this list, which I’m going to do now. 1. Don’t get pushed into buying [...]
On the heels of Capmark Financial Group filing for bankruptcy last week, this week saw another super huge commercial real estate lender file for bankruptcy. This time it’s CIT Group, a lender to way more than 100,000 small and medium sized businesses. This is one of the largest companies in history filing for bankruptcy, yet [...]
Here’s another topic I’d have sworn I’d written about, which I’m now realizing I haven’t, and it’s important enough to bring up for those folks who might be thinking about it. In general, short selling is the act of selling one’s home for less than what it’s worth. There are a few reasons one might [...]
A couple of weeks ago, I wrote on an impending problem, that being a collapse of the commercial real estate market. Well, in today’s CNN Money report, there’s a story talking about luxury hotels starting to default on loans, and how that could spell disaster for the travel and vacation industry. I can’t say I’m [...]
By now, everyone knows that the housing market has been bad. Even here, I’ve talked about the problem with the housing market. It’s now time to get ready for the next danger; the commercial real estate market is also on the verge of collapse. That’s what came from a report by the Joint Economic Committee, [...]