Monthly Archives:: March 2012
With 80% loan-to-value being the maximum you are now able to refinance your property, property values staying more level, and 25 years being the maximum amortization on high ratio deals, it's not as easy as it once was to simply refinance and pull some money out of a home when it's time for some upgrades…. Read more »
Renovating homes is becoming ever-more popular these days. Part of the reason, as the following article eludes to, is the extremely popular reality TV shows that flood the airways today. Another big reason is the fact that it's almost impossible to find a newly designed home on any decent sized lot in today's market. If… Read more »
Finally! After two years of waiting, the Finance Department has announced a new "code" that will force banks and lenders to clearly state how their pre-payment penalties will be calculated and explain to the consumer how they can pay off their mortgage faster, without incurring any penalty. This article explains all of the changes.
Clients ask me on a daily basis, "what are my closing costs going to be?" OR, "how much will I owe at the lawyers'?" These are great questions to ask, and someone has written a great article answering them. Click here to read it. (I know this is a lazy way of blogging, but this… Read more »